Corporate fraud
This essay focuses on Corporate fraud. Corporate fraud consists of illegal or unethical and deceptive actions committed either by a company or an individual acting in their capacity as an employee of the company.
Corporate fraud
of corporate fraud [excluding 4 Japanese examples (Olympus, Toshiba, Mizuho Bank, Mitsubishi Electric Corporation) and Enron] and key points of the fraud you chose. For example, I. Brief company description; country, industry, major products, size etc. II. Case overview III. Causes of the fraud IV. How to protect it V. Why do you select this case? (You have to have your subjective criteria or reasons and please describe it) (Note) I would like to know your understanding level from your answers.
Answer itself is not so important but your reasoning to get answers is much more important because I understand your level of understanding based on your explanation so you should write reasoning. Please note that 200 – 300 English words are not enough to explain your reasoning. Perform a case analysis for Southwest Airlines for the fiscal year ended 2017. I need the highlighted.
definition
Corporate fraud consists of illegal or unethical and deceptive actions committed either by a company or an individual acting in their capacity as an employee of the company. Corporate fraud schemes are often extremely complicate and, therefore, difficult to identify. It often takes an office full of forensic accountants months to unravel a corporate fraud scheme in its entirety.
When it is perpetrate by the top executives of a large corporation, the fraud often extends to billions of dollars in scale. The victims of corporate fraud are consumers or clients, creditors, investors, other businesses, and eventually, the company that is the source of the fraud and its employees. When it is finally discovered, the company committing the fraud is often left in ruins and forced to declare bankruptcy.
Much of the money illegally obtain through this fraud is often never recover, after being spend long ago by the perpetrators.
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