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financial statements. From the e-Activity, assess the importance of the
criminal
certifications and the civil certifications, and determine whether or not
such certifications
will be effective in reducing and detecting fraud in corporations.
Fraud may be prosecuted criminally or civilly. Anytime the legal issue
at hand involves
money or fraudulent activity, forensic accountants and fraud
examiners can play an
important role in the investigation. Compare and contrast the remedies
available in the
civil and criminal justice system, indicating which system is most
effective.
"Management Override, Collusion, and Earnings
Management" Please respond to the following:
Assess the three procedures that are effective in identifying
breakdowns in internal
controls due to override and collusion. Choose which of three would
be most difficult for
the external auditor to detect. Explain your answer.
Compare and contrast earnings management and fraud, and give your
opinion of how
external auditors can determine if management is deliberately
managing their earnings.