1. What are the elements of fraud and the importance of studying fraud? How does knowledge of fraud benefit stakeholders beyond the accounting department?
2. What are the different theories of crime causations? How does the identification of the cause of the fraud assist the investigator in determining the perpetrator and the extent of the crime? Provide specific examples that link crime causation to the perpetrator and the crime.
3. Use the fraud triangle to discuss red flags of evidence of pressure, opportunity, and rationalization typically present when fraud occurs. Be sure to link each red flag to a specific area of the fraud triangle.
4. Describe the regulatory and legal factors that impact the prevention and/or detection of fraud.
5. If you are a family practice physician going into business with three other doctors, why might a professional limited liability company be an attractive option?