Summarize an article that describes a recent news article or case study published within the last five years that describes fraudulent activity a company has been involved in Include the following details in your response Include the citation https www sec gov news press release 2020 237 Describe how the fraud was detected Explain whether you believe the situation was handled correctly Cite applicable standards from a governing body within accounting that validate your rationale For example, you could use GAAP, IMA standards, and or AICPA standards Consider the following questions to guide your response Which standards were not adhered to if you believe the situation was not handled correctly Which standards were adhered to if you believe the situation was handled correctly Explain how you think the situation could have been avoided Explain how the accountant in this situation could remain unbiased and be ethical

Question: Summarize an article that describes a recent news article or case study published within the last five years that describes fraudulent activity a company has

Summarize an article that describes a recent news article or case study published within the last five years that describes fraudulent activity a company has been involved in. Include the following details in your response:
1. Include the citation.
3. Describe how the fraud was detected.
Explain whether you believe the situation was handled correctly.
Cite applicable standards from a governing body within accounting that validate your rationale. For example, you could use GAAP, IMA standards, and/or AICPA standards. Consider the following questions to guide your response:
1. Which standards were not adhered to if you believe the situation was not handled correctly?
2. Which standards were adhered to if you believe the situation was handled correctly?
Explain how you think the situation could have been avoided.
Explain how the accountant in this situation could remain unbiased and be ethical?

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Article Summary The Securities and Exchange Commission SEC released a press release on October 8 2020 detailing fraudulent activity by XYZ Corporation ... View full answer

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