In your analysis of this case study, please address the following:

Analyze the fraud scheme in terms of the Fraud Triangle, and include an example of incentive/pressure, opportunity, and rationalization from the case that you found in your analysis.

What were the types of financial statement fraud committed by Crazy Eddies retail business?

What red flags were present indicating that each type of fraud may be occurring?

Explain how the risk factors you found increase fraud risk. For each fraud risk factor, suggest an internal control that will minimize the risk.

Requirements

• Viewpoint and purpose should be clearly established and sustained by providing specific examples to support your assertions.
• Use correct grammar, punctuation, and spelling.
• Writing should be well ordered, logical, and unified, as well as original and insightful.
  • Explain why the person's behavior pressured them to commit fraud.
  • Where did they find the opportunity to commit fraud?
  • How did they justify (rationalize) their behavior in committing the fraud?