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hello, please see attached assignment I need help with thanks Forensic accounting has been identified as the fastest growing area of accounting. Fraud examiners must

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hello, please see attached assignment I need help with thanks

image text in transcribed Forensic accounting has been identified as the fastest growing area of accounting. Fraud examiners must understand the legal aspects of fraud and what constitutes fraud. To be successful in this industry, they must be able to determine why people commit fraud and how to prevent it from happening. Through this analytical process, examiners may then provide organizations with recommendations for improving their internal controls, thus preventing further financial losses and additional harm to their reputations. For this assessment, you will assume the role of a fraud examiner using a case study based on an actual fraud occurrence. Cressey's fraud triangle will be used to assess the three conditions present in fraud cases: incentives, opportunity, and rationalization. The case will also provide you with the opportunity to employ basic techniques for identifying red flags for fraud occurrence, recognize legal and regulatory issues, and compose an executive report for management. Note: You will be using the same case for all milestones and the final project. For Milestone One, you will submit an introduction to fraud as it applies to your case study analysis. Consider the elements of fraud, the theories of crime causation, red flags of evidence based on the elements of the fraud triangle, regulatory and legal factors in preventing and/or detecting fraud, and developments in the accounting industry that impact fraud investigation. Prompt: Introduce fraud, theories of crime causation, legal and regulatory factors involved in prevention or detection, and recent developments in the field. Required: a) What are the elements of fraud and the importance of studying fraud? How does knowledge of fraud benefit stakeholders beyond the accounting department? b) What are the different theories of crime causations? How does the identification of the cause of the fraud assist the investigator in determining the perpetrator and the extent of the crime? Provide specific examples that link crime causation to the perpetrator and the crime. c) Use the fraud triangle to discuss red flags of evidence of pressure, opportunity, and rationalization typically present when fraud occurs. Be sure to link each red flag to a specific area of the fraud triangle. d) Describe the regulatory and legal factors that impact the prevention and/or detection of fraud. e) Explain the recent developments that impact the accounting industry and specifically the fraud investigation. Consider linking previous cases of fraud to changes in the fraud investigation. Your introduction must be submitted as a 2-3 page Microsoft Word document with double spacing, 12-point Times New Roman font, one-inch margins, and at least three sources cited in APA format. Please note I need an original paper and not another student paper. Thanks Information on the company, fraud, and financial statements can be found on the U.S. Securities and Exchange Commission (SEC) website. The SEC website also provides quarterly, annual, and various filings and Accounting and Auditing Enforcement Releases(AAER). Enron The Enron scandal is often referred to as one of the largest accounting frauds in history. Enron was a commodities and energy company formed after a merger of Houston Natural Gas and Internorth. In October 2001, the SEC launched an investigation into Enron's financial statements. The main issues regarding this fraud include accounting treatment of special purpose entities and derivatives. The Spotlight on Enron webpage on the SEC website lists numerous litigation releases regarding the company

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