ALL THE QUEENS HORSES Is it possible for one person to steal over $53 million from a city with an annual budget of less than $10 million? Yes. The Rita Crundwell story provides a cautionary tale for why internal controls are important. After watching All the Queens Horses answer the following questions using complete sentences and proper grammar. Discussion Questions 1. What was your reaction after watching All the Queens Horses? 2. What position did Rita Crundwell hold? 3. How much did Rita Crundwell steal? 4. Over how many years did the fraud occur? 5. Why did Rita Crundwell steal? What did Rita Crundwell buy with the money she stole? 6. Were there any red flags or warnings that might have made one suspect that a fraud could be occurring? If so, what were they? 7. Who discovered the fraud and what did they do when they discovered it? 8. Describe the scheme that Rita Crundwell used to steal money. 9. Chapter 6 of your textbook discusses the fraud triangle. Identify the components of the fraud triangle found in this case. 10.Chapter 6 of your textbook also discusses principles of internal controls. Which principles of internal control were missing, allowing Rita Crundwells theft to go undetected? 11.What could have the Mayor and City Council done differently that would have prevented Rita Crundwells theft? 12.What could the auditors have done differently that would have detected Rita Crundwells theft? 13.What happened to Rita Crundwell after she was caught? 14.How did Rita Crundwells theft affect others?