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1. Wrecks All Case a. Briefly describe the mechanics of the WrecksAll fraud and how it occurred. b. Fraud often occurs due to opportunities

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1. Wrecks All Case a. Briefly describe the mechanics of the WrecksAll fraud and how it occurred. b. Fraud often occurs due to opportunities related to a lack of internal controls. Describe at least two internal controls that should have prevented or detected the WrecksAll fraud. c. The text also discusses analytical symptoms of fraud. What signal(s) should have indicated the potential fraud at WrecksAll? d. Discuss how auditors test the existence (validity) of revenue and the limitations as illustrated by the ZZZZ Best Case.

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