with his life by the partners of his CPA firm (they did not want to
lose a ―good‖ client), by someone named ―Tony‖ from one of the
local unions, by the state head of the Department of Professional
Licensing who licenses CPAs, and finally by a CRookEd Partner
VP.
To avoid being discovered he had recently been living in Vegas as a
showgirl, doing two shows a night; three on the weekends.
This story sounded so preposterous you request some proof. Mr.
Hart stated he had the depreciation schedule CRookEd Partners
created for the bogus balance sheet they are planning to present to
the bank to secure a loan to buy equipment for the second phase of
this project: a combo pipeline/waterslide from Rock Springs to
Laramie, Wyoming.
There are two team assignments related to the Crooked scenario
this week.
Part 1:
Based on the depreciation schedule given to you by Mr. Hart (see
attached), and with your team, please perform an analysis on it
using concepts from Fraud Examination, 5th Edition Chapters 11 –
13 and from Executive Roadmap to Fraud Prevention and Internal
Control: Creating a Culture of Compliance, 2nd Edition, Chapter 6
(Reading for this week).