ACC 571 EDU Learn by Doing/acc571edu.com ACC 571 EDU Learn by Doing/acc571edu.com | Page 7

"Fraud Profiles and Analysis" Please respond to the
following:
From the e-Activity, analyze the major cause(s) of the financial
statement fraud and
recommend changes that would have prevented the fraud. Support
your recommendations
with examples and rationale.
Analyze common causes for financial statement fraud. Based on your
analysis, develop a
profile that companies should use to predict fraud potential in their
organizations and
recommend action steps to take when fraud potential appears. Provide
a rationale for your
recommendation
"Fraud Symptoms and Correction Strategies" Please
respond to the following:
Imagine you are an accountant working on closing the books for the
year end. Given that
many accounting items rely on estimates, construct a scenario in
which you would
question an estimate as being either too high or too low that would
misstate earnings.
Support your answer with examples.
Imagine that you are on the board of directors for XYZ Company. You
have received an