Assignment:
Read the following articles about two cases of financial statement fraud:
"Anatomy of a Financial Fraud"
"Dell Fined $100M for Accounting Fraud that Misled Investors"
Choose one case and answer the following questions:
What type of financial statement fraud was perpetrated?
What were the red flags (if any) in the case?
How did the scheme come to light?
What steps would you implement to prevent this type of fraud in the future? Did the external auditor in each case detect fraud? Why?
How does this case differ from the other?