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.
& quot; Management Override, Collusion, and Earnings Management & quot; 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.
& quot; IT Systems Controls and Data Recovery & quot; Please respond to the following:
Evaluate the two major approaches for testing IT system controls. Of the two approaches, give your opinion on which you believe provides the most assurance that fraud has not occurred in an organization. Provide support for your rationale.
Evaluate the effectiveness of computer functions that are used to recover deleted files, and identify software packages that are commonly used to restore deleted files. If the