What was the role of the Accounting personnel in detecting the fraud

Fraud Presentation Assignment

The purpose of this presentation is to (1) recognize mistakes and misrepresentations in common accounting scenarios, (2) to identify the line of intent by the individual(s) involved, (3) identify the elements of the Fraud Triangle that are often present in these scenarios, and to (4) recommend a viable detection strategy.

Select an actual fraud that has garnered public attention from the following categories of common scenarios:

·  Skimming

·  Cash Larceny

·  Billing Schemes

·  Check Tampering

·  Payroll Schemes

·  Expense Reimbursement Schemes

·  Expense Disbursement Schemes

Construct a ten minute presentation on your research fraud topic that meets the objectives of this presentation assignment, listed in the first paragraph above. In order to do this, please follow these steps:

1. Provide an introduction that identifies the fraud scenario you selected. (10 points) What company “survived” this fraud? What fraud category did you select? Give a brief summary of the fraud category & its prevalence in business.

2. Describe the core details of the fraud. (80 points) Who was involved

i. Identify the position the person held within the organization

ii. Identify any key members of management also involved

iii. What was the role of the Accounting personnel in detecting the fraud?

What happened?

i. Synopsis of fraudulent activities

1. a concise “nutshell” of what occurred

2. concentrate on the pertinent facts of the fraud

3. stay away from enormous frauds and accounting scandals, like Enron &


i. When

ii. When

iii. When

Worldcom, and focus instead on the “every day” frauds that occur within “every day” organizations

did the fraud occur did the fraud become public knowledge and how did persons go punished

3. Discuss the elements of the Fraud Triangle. (80 points) Opportunity

1. Identify the Opportunity to commit the fraud

2. Opportunity can come from many different directions, such as weak internal

controls, minimal segregation of duties, indifferent management, or ineffective

monitoring by members of management.


a. Identify the individual’s incentive or pressure to commit the fraud


b. Personal incentives (such as a spouse’s job loss or expensive addiction) and business incentives (such as wanting a year-end bonus) can accumulate to over- ride an employee’s reasoning to steal from the company.


1. Identify how the individual was able to rationalize the fraud

2. Rationalizations can reflect a perceived imbalance between the employee and

management, such as the rationale that the employee works harder & contributes more than the owner yet makes significantly less money. Other common rationalizations include (1) “I’m just borrowing this money; I’ll repay it in the future”, (2) “Management did me wrong”, and (3) “There’s no other way for me to fix this mess I’m in other than to take the money”.

4. Conclusion (10 points) What did you learn about what to watch out for when preparing your notes on this fraud

5. Use college-level writing & presentation skills (20 points)

Additional Information:

·  The minimum expectation of all work in this course is that students must use college-level writing & presentation skills. This means that your work should undergo multiple drafts and re-writes, be free of grammatical and typographical errors, and give the audience pleasure when viewing it. The instructor reserves the right to return work ungraded if it doesn’t meet minimum college standards. Points will be deducted for errors in spelling, grammar, word choice, syntax and structure. A sample of the grading rubric is included on the next page.

· Presentation must be between 10 and 20 slides and should be last around 10 minutes.


Fraud Presentation Assignment Grading Rubric

Did student turn this presentation in on time, before Thursday, December 6, 2018 Yes___ No ___

Does this presentation meet the minimum standard expected of college-level writing? Yes ____ No____ If not, it will be returned to the student ungraded. Student may resubmit no later and accept penalties for lateness.

Introduction: _______points out of 10 ______ Student did an excellent job of introducing the fraud category and discussing its prevalence ______ Student presented a fairly good introduction of the fraud, but ignored its prevalence ______ Student minimally introduced the fraud but did not convince the reader of its importance ______ Student failed to provide an appropriate introduction

Description of the Core Details of the Fraud: ______points out of 80 ______ Student clearly described the details of the accounting scandal, including Who was Involved,

What Happened, When did it occur ______ Student presented a fairly good description, but didn’t fully explain the pertinent facts of the fraud ______ Student minimally described the details of the fraud ______ Student failed to describe the details of the fraud

Discussion on the Fraud Triangle: _____ points out of 80 ______ Student did an excellent job of explaining the opportunity, incentive and rationalization that were

present in the fraud, clearly identifying the line of intent by the individual(s) involved ______ Student presented a very good explanation of the three fraud triangle elements, but did not

identify the fraudulent intentions of the individual(s) involved ______ Student only minimally addressed one or two elements of the fraud triangle ______ Student failed to address the elements of the fraud triangle

Conclusion: _______ points out of 10 ______ Student did an excellent job of summarizing the fraud and recommending a viable detection

strategy for scenarios in the chosen fraud category ______ Student presented a fairly good conclusion, but failed to recommend a viable detection strategy

for scenarios in the chose fraud category ______ Student minimally concluded the fraud and did not convince the reader of its importance ______ Student failed to provide an appropriate conclusion

Presentation Skills: _______ points out of 20 ______ Student presented a perfect, or nearly perfect presentation with only minimal imperfections. This

presentation was enjoyable for the audience, with appropriate eye contact, voice inflection and

visual appeal. ______ Student presented with minimal flaws in eye contact, voice inflection and visual appeal, but the

overall presentation was still enjoyable. ______ Student presented with several flaws in eye contact, voice inflection and visual appeal. The

student is encouraged to seek assistance from the Kinkel Center for help with presentation skills

in the future. ______ Student’s presentation skills raise serious concerns. The student is encouraged to seek

assistance from the Instructor for help with presentation skills in the future.

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