Explain the differences between an audit, review, compilation, or preparation financial statement. Please discuss in terms that a potential client would understand. You should point out which type of engagement is more likely to uncover fraud. Also, what are the pros and cons of each type of engagement for management to base their business decisions along with asset protection.

Explain the theory of the fraud triangle. . Your discussion should address how fraud is discovered. Please give some examples or possible scenarios as they apply to the fraud triangle and the discovery of fraud. Take a moment and address what Professor Howard means when he says One should not get caught up in believing in their own BS.

What is meant by the tone at the top and why is it an important part of ethical behavior in an organization? Also, analyze the role of corporate governance mechanisms in fraud prevention.

• Explainthedifferencesbetweentaxevasionandtaxavoidance.Givespecificexamples.
• Whatismeantbythetermbadgesoffraud?Giveexamplesanddiscusshowtheycanbeanindicatoroftaxfraud.
• Whatpressuresmightyouseefromclientsinpreparingtheirtaxreturns?
• What is meant when Professor Howard says Never let money influence your decision?