Explain when and how the fraud was exposed
The category of fraud committed
The stakeholders and how each group was harmed
What evidence sources were available for use at trail
What hidden assets were involved
Where did investigators and forensic accountants find the evidence
Additionally, a conclusion assessment of how internal accountants could prevent this type of fraud within the industry.
Please utilizes the following sources and more (7 scholarly resources minimum):
Kranacher, M., & Riley, R. (2020). Forensic accounting and fraud examination, 2nd ed. John Wiley & Sons: Massachusetts, USA – Chapters 8 & 9
Carmichael, D.R. (2018). Audit Versus Fraud Examination: Whats the Real Difference? The CPA Journal, 2, 48
Lal Bhasin, M. (2017). Creative Accounting Practices at Satyam: The Fraud Methodology Revealed. Amity Business Review, 18(1), 127.
PwC hit by 2-year India audit ban? Firm failed to spot $1.7bn fraud at Satyam? Regulator highlights “glaring anomalies.” (2018). The Financial Times.