Question
1.Is Blackbutt, the CFO, a bad guy? Do you think he felt he was doing something wrong? What elements of the fraud triangle was Blackbutt
1.Is Blackbutt, the CFO, a bad guy? Do you think he felt he was doing something wrong? What
elements of the fraud triangle was Blackbutt exposed to?What story did he sell himself to
justify his actions?
2. Was Blackbutt's compensation plan appropriate? Did the company consider the incentives they
were creating with this comp plan? Blackbutt was highly experienced. Was hiring him a good
idea?
3.Did Sojohn, the Chief Operating Officer (CFO), provide adequate oversight with the divisions
and plants?
4. Were the experience levels of executive management appropriate?
5. What is the responsibility of Durand, the Chief audit executive (CAE)?How well did he develop
and execute a risk-based internal audit plan?Are the reporting lines appropriate for a public
company?
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