In a huge fraud scandal, CEO and CFO stole $150 million and inflated the company income by $500 million. A general ledger clerk was also implicated in the scheme. It was reported that they siphoned money through unapproved loans and fraudulent stock sales. Money was smuggled out of company disguised as executive bonuses or benefits. The reason cited by the perpetrators was that they needed money to pay off some gambling debts. In addition, they also stated that they worked long and hard hours at the company without being properly compensated or recognized. Upon investigating, the auditors found that the fraud had taken place on two levels. The auditors documented in their report that all the three factors of fraud were present. In addition, the auditors found that the company's control systems deviated from the COSO framework. You are required to: a. IDENTIFY and EXPLAIN the TWO (2) levels of fraud that the auditors found. ( 6 marks) b. Making reference to the case, IDENTIFY and EXPLAIN the THREE (3) factors of fraud that were documented by the auditors. ( 15 marks) c. IDENTIFY and EXPLAIN the components of the COSO framework. (15 marks)