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The famous corporate fraud would be waste management; Inc. is a comprehensive waste company that was founded in 1894 in North America by Larry Beck. The company itself had many fraudulent crimes with the company between the years 1992 and 1997. There are multiple fraudulent took over, the top management engages in fraudulent activities involving the companys accounting books. The fraud that occurred was avoiding depreciation expenses by assessing and inflating salvage values and extending the useful lives of the garbage trucks that the company-owned. Another fraud would be that the officers were refraining from recording expenses for any decreases in the value of the landfills. The weakness would be

That when the top management realizes to meet predetermined earnings targets by expanding profits and pushing down or foregoing expenses also revenues were not increasing as fast as they should have been (Ellrich, 2017). In my opinion, the fraud should detect from internal control with an auditor also, in this company the top management should aware of their mistakes. The auditor needs to try to resolve and should have to check with the fraud that exists with the reasons.