Accounting fraud manifests in diverse ways and refers to the intentional actions of misrepresenting or altering accounting documents or records relating to expenses, sales and revenues among others, with a view to gaining monetarily from it. There are so many types of frauds in accounting and involve such actions as inflation of stock values of a company, avoiding laid out debt obligations, obtaining lots of favorable financing, among others. Legally, those accountants and workers who are forced or requested by their employers to carry out accounting frauds could be subjected to personal criminal charges. Those who carry out accounting fraud aren't employees only, but could involve organizations and business accounts with the aim of misleading shareholders, governments, investors among other entities. Falsification of financial statements by a company is also common, where assets and revenues could be overstated as expenses go unrecorded and liabilities also under-recorded. For instance, by overstating a company's current assets and ensuring current liabilities are understated, a company can report a falsified liquidity for the short

term and many more.

Required:

a) Choose ONE (1) latest fraud case AND describe the profile of the company.

[5 marks]

b) Preparemindmapforthecaseoverviewbyusing"Coogle".Thecaseoverviewmustcoverthe following:

What? When? How? Where? Who?

Page 1 of 2

[20 marks]

c) Finding is one of the main elements in fraud report. In this section contains the details of the fraud examination process. If you are the forensic accountant for the case, provide enough detail information about:

(i). 5 types of physical evidence

(ii). 5 types of documentary evidence

(iii). 2 types of observation evidence

[20 marks] [20 marks] [10 marks]

d) Construct a detail interview process between your investigation team and the prime suspect. The questions must be not less than 5 and not more than 10.

[15 marks]

e) Suggest FOUR (4) best solution to eliminate some of the opportunities for fraud occurrence in future.

Submission Guidelines Prepare a report with:

[10 marks

*We choose LFE former ED involving fraud