strengthen the current control structure . Support your recommendations with examples and rationale .
You have just been hired by XYZ Company as a senior-level accountant . You think you have discovered what you believe to be fraud in the latest financial statements . Propose what actions you might take regarding what you have discovered . Support your proposal with examples .
& quot ; Fraud Profiles and Analysis & quot ; 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 & quot ; Fraud Symptoms and Correction Strategies & quot ; 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 anonymous tip that the financial statements were prepared in a fraudulent manner . Your initial reaction is that the threat level is high . Develop a plan of action that you would take to react to this allegation . Support your plan with examples and provide a rationale .