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Prepare a detailed analysis of financial statement fraud by incorporating your responses to the following

questions in well-developed paragraphs (do not use a question-answer format).

  • What factors contributed to the "perfect fraud storm" at the turn of the century?
  • What efforts have been made since to mitigate these factors?
  • In what ways did the organizations involved in the fraud attempt to conceal it in the financial statements? How were these exposed and how could they have been identified sooner?
  • According to the literature, which groups of people are more prone to committing financial statement fraud, and what are their motivations?


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