Watch How People Rationalize Fraud at https://youtu.be/Tb6QX9Yy1GM. Answer the following questions. 1. Use the fraud...

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Accounting

Watch How People Rationalize Fraud at https://youtu.be/Tb6QX9Yy1GM. Answer the following questions.

1. Use the fraud triangle (pressure, opportunity, and rationalization) to analyze a fraud case you've found through internet research.

2. Discuss how fraudulently making higher insurance claims or falsifying time sheets could be harmful to you or your community.

3. Please discuss the Madoff fraud case and its impact on the global community. Why do you think his fraud went undetected for so long?

4. Research shows that 40% of frauds are reported by a whistle-blower. If you saw a fraudulent act, would you report it?

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