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Internal Auditing on Companies Accounting Fraud

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Summarize a large case of accounting fraud that has come to trial sometime in the last 10 years. Name the parties involved in the fraud, the approximate loss involved, and the root cause of the fraud. Comment on how the internal audit function of an organization's fraud risk management program and sophisticated computer technology could have been used to discover the accounting fraud.

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--Summarize a large case of accounting fraud that has come to trial sometime in the last 10 years. Name the parties involved in the fraud, the approximate loss involved, and the root cause of the fraud. Comment on how the internal audit function of an organization's fraud risk management program and sophisticated computer technology could have been used to discover the accounting fraud.

Try and think of the Enron scandal that centered on major accounting fraud with complexity to the public awareness. The Enron scandal dealt with accounting entries and market valuation of suppose ...

Solution Summary

The review into auditing accounting practices on major scandals conducting fraud and high risk decision making.

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See Also This Related BrainMass Solution

Forensic Accounting: Compare internal to external auditor; examples of fraud

Please include your opinions and personal experience if you can. You may also do some Internet and library research to add to your response.

1. Contrast and compare the role of the following:
a. The internal auditor.
b. The external auditor.
c. The external forensic accounting consultant in an external audit

2. List the various elements of fraud within the organization. Give several examples of each.

3. What is the purpose of discovery?

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