(Answered) Complex fraudsauditors often fail to detect financial fraud

Finance

Complex Frauds

Auditors often fail to detect financial fraud in companies they are auditing because the perpetrators have concealed the fraud well in a complex manner.

- What are the components that make a fraud complex?

- What role does collusion play in complex frauds?

- Research the internet and find an example of a complex financial fraud and discuss the fraud act, how it was concealed, and what benefit was obtained by the perpetrator.

Resource

Forensic Accounting and Fraud Examination MARY-JO KRANACHER, MBA, CPA, CFE; RICHARD A. (DICK) RILEY, Jr., CPA, PhD, CFE, CFF; JOSEPH T. WELLS, CFE, CPA: John Wiley & Sons, Inc.

Forensic accounting and fraud examination / Mary-Jo Kranacher, Richard A. (Dick) Riley, Jr., Joseph T. Wells.

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