For this assignment, imagine you are as a certified fraud examiner. You have been hired by the Securities and Exchange Commission (SEC) as a fraud prevention and detection expert. The position you were hired for is to provide training to SEC employees on lessons learned from financial statement fraud committed by publicly traded companies.

Research at least two major fraud cases that were a result of financial statement fraud. Answer this question

1. Propose what could/should have been implemented in those companies that would have prevented or detected the fraud, indicating who should have been responsible for the implementation. Provide support for your proposal.