Please study the fraud at the following companies WIRECARD (Germany) and PARMALAT (Italy) and explain what the fraud was all about. Use graphs and charts and make your report visually appealing. It is OK to insert graphs and charts from internet sources. Do they have high investor protection in Germany and Italy? What were the financial consequences of these frauds? How much money did people lose? Who lost the most? Who were the key players?

Then research what should be the role of Internal Auditors of the future to make sure such frauds do not keep occuring in the future.