Assignment: Fraud Prevention, Deterrence, and Detection at Diamond Foods

Forensic accountants are often called upon to examine a company's fraud and internal controls and make improvements to the system. Read the Diamond Foods case study located in your Syllabus.

Checklist:

• describe the deficiencies that existed in corporate governance, internal controls, and other areas, using the risk factors listed on pages 505-508.
• Explain how the risk factors you found increase fraud risk. For each fraud risk factor, suggest an internal control that will minimize the risk.
• Look for an article regarding internal controls for fraud control in the Library accessible in the home area of the course room.

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