Fraud, Controls, and Audit of General Electric

look at the root cause of the fraud case and what would have been some techniques that would have prevented those frauds from occurring or what would prevent the fraud in the future.

5. How do you think the individuals that were involved rationalized their acts? 6. Did the people involved have prior criminal backgrounds? 7. What red flags were showing that the auditors or investigators should have noticed? 8. Were the individuals involved highly educated people or trusted within the organization? Did they have special skills that allowed them to perpetrate the fraud? 9. What was the overall financial impact? 10. What was the impact on the organization or its reputation? 11. Discuss the overall tone or environment at this organization? To judge the environment, you will use your best guess based on your research. 12. What controls would have prevented or detected this fraud? Be specific in this area.