The topic is the Wells Fargo Fake Account Scandal. Search the internet about this scandal and answer the questions below. Anything would be helpful. No case study was provided. The exact problem is typed and written. Thank you!

1. Who was involved, financial impact, and consequences.

2. Detail the nature of how it was perpetrated (i.e., control breakdown, mgmt override, collusion)

3. Were the control breakdowns of entity-level controls and/or process-level controls? Please support your argument.

4. What role, in any, the internal auditors and external auditors played. If no involvement, should or could the IA have detected this fraud? Why or why not?

B. Discuss whether you believe that only a small portion of the frauds that occur within a company is ever discovered. Back up your reasoning with facts, examples, or other arguments.