On the SEC Website, read the article: "SEC Charges Executives of Network Infrastructure Company With...
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Accounting
On the SEC Website, read the article: "SEC Charges Executives of Network Infrastructure Company With Accounting Fraud."
Required:
1) Identify the type of fraud committed by the CEO and CFO.
2) Discuss ways to mitigate the risk of fraud when those committing the fraud are at the very top of the organization; in this case, the CEO and CFO.
3) Discuss the organizational, cultural, and job security barriers to informing (whistle-blowing) the internal audit team that the CEO and CFO are committing fraud.
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