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    Thinking about some of the scandals in the news over the las

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    Thinking about some of the scandals in the news over the last few years such as Enron, WorldCom, Adelphia, Bernie Madoff, etc., analyze and discuss the conditions that could have contributed to making these fraudulent activities possible. What warning signs were there that could have alerted an auditor to the risk of management fraud?

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    There were countless signs that signaled the events that were taking place at Enron, WorldCom, and the other companies. The problems were so involved that contributed to each of the company's frauds, that entire books have been written and published about each of the companies, separately. Looking at Enron, as it is commonly the jewel of corporate frauds discussed, there were many signs. One of the biggest problems, and one that ...

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    Thinking about some of the scandals in the news over the last few years such as Enron, WorldCom, Adelphia, Bernie Madoff, etc., analyze and discuss the conditions that could have contributed to making these fraudulent activities possible. What warning signs were there that could have alerted an auditor to the risk of management fraud?

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