Description
Case study: Wirecard’s Billion-Dollar Accounting Fraud
Read the transcripts or listen to the podcast titled “Behind the Scenes of Wirecard’s Billion-Dollar Accounting Fraud” (linked in references below)
Evaluate the actions and ethical breach of the Wirecard’s leadership.
Describe how the tone at the top contributed to this fraudulent activity.
Describe how various stakeholders (employees, stockholders, and the community) were affected by the actions of Wirecard leadership.
How did the Audit Committee and Board fail in their responsibilities?
Audit regulation requires the audit team to assess the fraud risk associated with each engagement. What characteristics of Wirecard might have caused it to be identified as a high-risk audit? Consider the incentives, rationale, and opportunities for fraud in the assessment.
Requirements:
Your written paper should be 3-4 pages in length not counting the title and reference pages, which you must include.
You need to cite at least three sources for this assignment, outside of the podcast itself.
Your paper must be formatted according to APA guidelines
Reference:
Wilder, M. (Host). (2020, September 29). Behind the scenes of Wirecard’s billion-dollar accounting fraud [No. 100]. ACFE. https://www.acfeinsights.com/acfe-insights/fraud-talk-behind-the-scenes-of-wirecards-billion-dollar-accounting-fraudLinks to an external site.
