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5. Who commits fraud?
6. Describe each of the elements of the Fraud Triangle.
7. List the 4 main groups of pressures and give 2 examples of each.
8. Discuss the difference between fraud detection and fraud
prevention.
9. True or False: Fraud can always be prevented? Why or why not?
10. Select one corporate fraud case study from the text and compile a
quick compare and contrast as it relates to fraud.You immediately
dropped what you were doing and rushed out of your office to meet
Mr. Hart. He is escorted into a private office where you also invite
your team.
Mr. Hart was obviously nervous and sweaty, so you offer him
something cool to drink. Almost before you could sit down and begin
to inquire why Mr. Hart has joined you, he blurts out that one set of
the financial statements he provided Steamy and Daddy were correct
and one set was wildly incorrect. The one created by CrookEd
Partners is false; the one by Inn Kaw Hoots is correct.
He had tried to bring this information to local authorities, Steamy and
Daddy, and others, and when he had done so, he was threatened 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.