Switch Watches & Clock Fraud Case CASE REQUIREMENTS 1 One factor of the internal control environment when investigating fraud is integrity and ethical values. In what ways were integrity and ethical values slighted by Sheldon? Support your answer with evidence from the case study in this situation. (10 marks) 2 Describe the investigative techniques used by the forensic team to uncover the fraud. Evaluate the success of these techniques, and outline two additional measures that could have been undertaken. (10 marks) 3 The fraud at Switch is one of many major financial statement frauds that have occurred in recent years. Describe five factor that could explain why the falsifying of financial statements is occurring so frequently. (10 marks) 4 Apply the fraud triangle to this case. Speculate on the motivation/pressures, opportunity, and rationalization of Sheldon. (6 marks) 5 Evaluate and comment on the Boards behaviour. Include in your evaluation the responsibility of the Board with regards to internal controls. (4 marks)