It has been alleged that many recent corporate failures such as those at Enron, AIG, Citigroup, Merrill Lynch, and World Com were largely due to the lack of adequate controls in the organization. The financial press also contains many examples of frauds at the local level that have been perpetrated in organizations with weak controls.
Required
In your group, select a company that has recently failed or has been involved in a fraud. Research the company and its failure using appropriate Internet resources. Identify deficiencies in internal control that may have contributed to the decline and subsequent failure of the organization. Present your analysis to the class.