Identify an organization that was involved in corporate fraud. Explain how fraud

Question

Identify an organization that was involved in corporate fraud. Explain how fraud can be detected and evaluate the importance of teamwork and leadership in a fraud investigation. For this assignment, research the Internet or Strayer databases and identify an organization that was involved in corporate fraud. Help with a paper in which you: Based on your research, identify and assess the fraud that occurred in the organization and the impact it has had on the corporation’s investors and creditors. Provide support for your rationale. Suggest how a financial forensic investigation could have detected fraud in the organization that you researched. Consider the risk factors, the elements of fraud, and the analysis of competing hypotheses. Evaluate how teamwork and leadership is an effective tool for financial forensic investigations. Provide support for your evaluation. Assess the role of research in fraud examinations and financial forensics professions. Give your opinion on whether or not fraud examinations and financial forensics professions can have long-term success without continuous research in the field. Provide support for your rationale. Use at least three (3) quality resources in this assignment. Note: Wikipedia and similar Websites do not qualify as quality resources. citations and references must follow APA or school-specific format. Check with your professor for any additional instructions. Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length. The specific course learning outcomes associated with this assignment are: Examine the basic concepts related to fraud, including environment, impact, and the methodologies related to fraud examination. Use technology and information resources to research issues in forensic accounting.

Explanation / Answer

In September 2015, electronics corporation Toshiba disclosed that it had overstated its revenues by about 2 billion dollars over 7 years, greater than 4 times its previous estimate in April.

CEO Tanaka resigned & an autonomous investigators revealed that ‘Toshiba had a corporate ethos wherein decisions taken by the management couldn’t be challenged’ & ‘Personnel were pressurized to do incorrect accounting by deferring loss reports / transferring particular expenses into later years.’

As comprehending like a fraudster is difficult, utilization of investigative teams can be an effectual instrument. For instance, for a larger financial forensic enquiry one might be member of a team. In these situations, investigators may utilize other professionals through brainstorming, inferring the implication of evidence, aiding development of new fraud concepts & working to link the dots. Leadership is also essential for successful team activities. All team members (in addition to the assigned leader) must demonstrate leadership as and when their unique capabilities are needed by the team

Related Questions

Navigate

• Browse (All)
• Browse I
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.