Forensic Accounting – Financial Statement Fraud

Forensic Accounting – Financial Statement Fraud

This is a Discussion Forum that is about Financial Statement Fraud.
The assignment instructions:
Since the 1990s, our society has unfortunately been bombarded with stories of financial statement fraud cases (Enron, ZZZZ Best, Crazy Eddie’s, Qwest, HealthSouth, and many others) that have had devastating impacts on our society, investors, employees, and other stakeholders. Chapters 3 and 4 discuss many elements of this type of fraud. This discussion consists of two parts. After reading these chapters, please compose and post the following:

Part 1: Choose a case study of a financial statement fraud that occurred during the past 20 years. Briefly discuss the various elements of the chosen case study that are presented in Chapter 3. Write and post a summary (one-page maximum) that covers these key points of the fraud.

I will order part 2 after finish part 1.
Please tell me if the chapters 3 and 4

Forensic Accounting – Financial Statement Fraud

            The fall of Enron has been regarded as one of the most notable collapse in this 21th century owing to the poor managerial practices, embezzlement of funds, unscrupulous trading, and lack of ethical concern on the side of the management. In the story that would unfold as the fall of Enron, it was discovered that the management of the company would employ different techniques that would lead to false representation of the company’s financial positions. One of the method that was being applied was the mark to market pricing a technique which allows the management of the company or the traders to recognize sign up of future contracts as avenues of future inflows