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Fashioning A Fraud Case Study: http://www

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Fashioning A Fraud Case Study: http://www.journalofaccountancy.com/Issues/2007/Oct/FashioningAFraud.htm (Links to an external site.) Read the case study, and discuss what type of fraud was presented in this case. Identify whether this case illustrates an example of the fraud flow in Exhibit 7.4, 7.5, or 7.6 in Chapter 7 of your textbook. In a two-to-three page paper, address the following questions:

• Which fraud flow and specific steps did the fraudster manipulate?
• How will the new processes installed deter, detect, or prevent this from recurring?