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financial fraud at Kodak

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Analyze the risk of financial fraud at Kodak and how it is most likely to be committed.

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Solution Summary

The write up gives a learned discussion on financial fraud at Kodak.

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Step 1
Kodak has filed for Chapter 11 bankruptcy. The risk of financial fraud is high at the time of bankruptcy.

Step 2
First, property may be sold off at a higher rate and a lower realized value may be reported. This type of fraud occurs when there is some amount of collusion. This is a type of fraud that may occur at Kodak.
The other type of fraud is that some properties and assets of Kodak may not be reported in the property schedules. Some of the properties/assets may be missing in ...

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