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Summarize an article that describes a recent news article or case study published within the last five years that describes fraudulent activity a company has
- Summarize an article that describes a recent news article or case study published within the last five years that describes fraudulent activity a company has been involved in. Include the following details in your response:
- Include the citation. https://www.sec.gov/news/press-release/2020-237
- Describe how the fraud was detected.
- Explain whether you believe the situation was handled correctly.
- Cite applicable standards from a governing body within accounting that validate your rationale. For example, you could use GAAP, IMA standards, and/or AICPA standards. Consider the following questions to guide your response:
- Which standards were not adhered to if you believe the situation was not handled correctly?
- Which standards were adhered to if you believe the situation was handled correctly?
- Explain how you think the situation could have been avoided.
- Explain how the accountant in this situation could remain unbiased and be ethical?
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Article Summary The Securities and Exchange Commission SEC released a press release on October 8 2020 detailing fraudulent activity by XYZ Corporation ...Get Instant Access to Expert-Tailored Solutions
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