Review what we learned about internal controls, and real-life examples such as Wal-Mart, WorldCom, and Enron that led to fraud-prevention legislation.

Then, think about the business processes and procedures at your current or former workplace (or other situations you heard from your friends and family) that you believe constitute a violation of any of the six principles we learned. If you do not work and have not worked anywhere in the past, please feel free to think about what you observed as you think about situations that amount of internal control violations.

Describe one such example in a short paper. What would you do to correct those violations?

Please take care not to mention the names of the organizations for confidentiality; instead, describe the business processes that present opportunities for fraud via internal control violations. Please feel free to read others posts and provide comments before our next meeting.