Torts 101: Civil Wrongs & Ways to Right Them"

Research a real world Accounting fraud case that occurred in the last five years where tort damages were levied.

1. Give a brief overview of the case including the parties involved, the wrongdoings that occurred, and how the fraud was discovered. What are the ethical issues that arose from this case?

2. Using what you learned from "Torts 101: Civil Wrongdoings & Ways to Right Them", briefly outline the types of torts discussed. Expand to discuss the torts you believe were committed in the fraud case you selected in question 1.

3. Outline what circumstances lead to this fraud using the fraud triangle. List and internal controls may have prevented the fraud. Did the company that committed the fraud fall under SOX compliance? If so, please share your thoughts on the effectiveness of the additional documentation that SOX requires in relation to this case.