Please read the power point on the topic of internal control power points from blackbaord. (AIS Internal Control also-chapter 11)

Discuss the following:

1. what is collusion? Why it's harder to detect than regular theft or fraud.

2. Define Fraud?

Mention a case of Fraud, or computer crime or kickback, or any breach in internal control that was in the news in the past five to ten years. (Ponzi Scheme is also Ok)

You should show how SOX (Sarbanes Oxley) should have prevented it, If it was followed?

You can attach a word document or a power point file if you like. Needs to be 2 short answer and two long paragraph, the

1. outline the scandal in your own words- (share your source --web link is fine)

2. The problems in the internal control, and how to prevent it from happening again.