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documentary film produced by Dr. Kelly Richmond Pope, Professor of Accounting at DePaul University, about the largest municipal fraud case in U.S. history. Identify at
documentary film produced by Dr. Kelly Richmond Pope, Professor of Accounting at DePaul University, about the largest municipal fraud case in U.S. history. Identify at least three internal control principles that were violated by the City of Dixon that you learned about in Chapter 6 (Financial and Managerial Accounting John Wild()using the same terminology referred to in Chapter 6 and business professional, concise language). DO NOT SUMMARIZE THE MOVIE!
- Part #1: Begin your Discussion Post with a minimum of THREE internal control principles that were missing. Provide the specific facts in the case that compelled you to identify the control principles you identified. Do NOT summarize the movie! Summaries that do not provide the three internal control principles plus the relevant fact example will have an automatic 5 point deduction.
- Part #2: Briefly discuss any ONE of the following questions or ideas:
- Who is responsible for uncovering fraud in this case and Why? Be sure to provide specific facts from the film to support your position.
- What surprised you the most as you learned about this case?
- How was this embezzlement able to go undetected in annual audits by two independent accounting firms and in annual audit reviews by state regulators for so many years? What red flags did the auditors miss?
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