ACC 7000 Assignment 8 (Northcentral University)

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ACC7000-8 Assignment 8 / Advanced Managerial Accounting (NCU)

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Introduction

Fraud is a small, five letter word that was brought to the forefront of corporate America in the early 2000s by companies such as Enron, Tyco, and WorldCom.  Companies such as these as well as many others were exposed for the fraudulent activity that had been occurring within their companies, sometimes over years.  Due to the massive amount of companies being charged with unethical business practices caused the public to insist on increased detection of fraudulent activities.

Regulatory boards, such as the Securities and Exchange Commission (SEC), were looking harder at auditors and companies as well etc.