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Hi, could you pleas help me with this essay related to fraud examination? enclosed is a note showing all detail needed. Thanks The FBI for

Hi, could you pleas help me with this essay related to fraud examination? enclosed is a note showing all detail needed. Thanks

image text in transcribed The FBI for committing massive financial statement fraud arrested the officers of an oil refiner, trader, and hedger based in New York. The executives used many schemes to perpetuate the fraud, one of which was to hide a $30 million accounts payable from the auditors and show it as a payable arising in the following year. To conceal the fraud, they altered purchasing records, using correction fluid, and provided only photocopies of the records to the auditors. The Big 4 firm that audited this company was later sued for audit negligence in not finding this fraud. In your opinion, were the auditors negligent for accepting photocopies of purchasing records and not detecting this accounts payable understatement? My opinion is: Yes the Big 4 firm was negligent because... 5-Paragraph essay. At least 4 sentences per paragraph. The main idea for the three body paragraphs: Not providing original documentation when original documentation should exist is an accounting/documentary warning sign of fraud Such a large amount of money that would significantly impact the financial results of the company appears as a payable for next year, when a payable this year would hurt the financial statement Because of the documentary indication, did the Big 4 firm auditors try to find out information about the officers including their personal financial information to detect any significant lifestyle changes

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