Complex Frauds
Auditors often fail to detect financial fraud in companies they are auditing because the perpetrators have concealed the fraud well in a complex manner.
- What are the components that make a fraud complex?
- What role does collusion play in complex frauds?
- Research the internet and find an example of a complex financial fraud and discuss the fraud act, how it was concealed, and what benefit was obtained by the perpetrator.
Resource
Forensic Accounting and Fraud Examination MARY-JO KRANACHER, MBA, CPA, CFE; RICHARD A. (DICK) RILEY, Jr., CPA, PhD, CFE, CFF; JOSEPH T. WELLS, CFE, CPA: John Wiley & Sons, Inc.
Forensic accounting and fraud examination / Mary-Jo Kranacher, Richard A. (Dick) Riley, Jr., Joseph T. Wells.