ACC 616 Topic 6 Discussions GCU

Access a recently issued SEC Accounting and Audit Enforcement Release related to a fraud action (https://www.sec.gov/divisions/enforce/friactions.shtml) and determine incentives or pressure to commit the fraud, accounting issues, and the motive for the fraud.

There have been a growing number of very large financial frauds discovered in recent years—mortgage fraud, the Madoff scandal, and Enron to name a few. Describe why you believe fraud training is important for all accountants. Name a particular area of fraud training you believe would be beneficial to your chosen area of accounting.