write a case study about frauds such as McKesson & Robbins in 1939 and Equity Funding in 1973. The requirements are written below in bold.
Instructions:
•Your paper should be in a narrative format with an introduction, body of the paper, and conclusion.
•DO NOT use a Q&A format. You have two cases to discuss.
•Make your paper interesting to read and informative.
•Your paper should be a total of six to seven pages long, not counting your reference page. Please use Arial or Times New Roman font, size 12 with 1.5 line spacing.
•You will want to do internet research on these cases to find more information to include in your report.
NOTE: McKesson & Robbins had another fraud in 1999 that is unrelated to the 1939 fraud and does not need to be covered in this paper.
Both of these cases established auditing procedures that are still required today. Both of these cases resulted in SEC investigations, legislation, and regulations that were meant to prevent future frauds. Both of these cases have been repeated in similar frauds over the decades since they occurred. Your assignment. Remember do not use a Q&A format. Write a paper that includes in a well written paper, answers to the following questions (not necessarily in this order) for each case. I expect each case should cover at least three to four pages, not including your reference page.
1. Write about each case separately.
2. Briefly describe the case, what was involved in the fraud.
3. How was the fraud detected?
4. Was earnings management a part of the fraud?
5. Use Schilit's Financial Shenanigans to help describe the fraud.
6. Use the Fraud Triangle to help describe the Fraud
7. Talk about the Tone at the Top
8. What level of Kohlberg's Stages of Moral Development did the executives of each company exhibit?
9. What role did the auditors play in the fraud? Were they a part of the fraud or were they victims of the fraud?
10.What changes in auditing standards, policies, and procedures, if any, were implemented as a result of these cases
11.Identify at least one fraud case we've read about in this class that had a fraud similar to each of these frauds. Briefly discuss how the frauds were similar.
Attachment:- equity funding.rar
Attachment:- Mckesson & Robbins.rar