Discussion ***600 words*** | Accounting homework help

This week’s discussion is based on the documentary, All the Queen’s Horses.  The documentary is available on demand at the following sites:

Amazon Prime https://www.amazon.com/All-Queens-Horses-Gene-Biggerstaff/dp/B07BPR2Y2C/ref=sr_1_1?s=movies-tv&ie=UTF8&qid=1523379365&sr=1-1&keywords=all+the+queen%27s+horses

YouTube Movies https://www.youtube.com/watch?v=05iIbRAiJIU

.  Please watch the video and also review the related resources listed below.

All the Queen’s Horses

On February 14, 2013, Rita Crundwell, former comptroller for the city of Dixon, IL was sentenced to 19½ years in prison for stealing more than $53 million from Dixon. Crundwell’s crime went on record as the largest municipal fraud in U.S. history. Just as shocking as the amount stolen from this small Illinois town, was the fact that Crundwell engaged in her scheme to pillage Dixon for 20 years before being discovered. 

Crundwell’s fraud shines an unflattering spotlight on the accounting profession and the role of the audit. The relevance of the audit has been in question since the uncovering of massive corporate frauds dating back to Worldcom and Enron. Subsequent to Crundwell’s conviction, the city of Dixon sued its auditors, accountants and bank, settling their claim against them for $40 million.

After viewing the video and reviewing the related resources, please submit a 3-4 paragraph (600 words) initial post, addressing the following:

  1. Describe the fraud scheme committed by Rita Crundwell, including how she concealed the fraud.
  2. How did Rita Crundwell steal over $37,000 each day from a town with an annual budget of around $6 million? 
  3. Discuss the application of the fraud triangle and other fraud theories we have covered as they apply to this case study.
  4. How could this fraud have been prevented?  In your discussion, be sure to explain the controls that were missing at City Hall.
  5. How could such embezzlement go undetected in annual audits by two independent accounting firms and in annual audit reviews by state regulators? How was this fraud continued for so many years?  What red flags did the auditors miss? 
  6. How did residents not become suspicious of Crundwell’s extravagant wealth and frivolous spending? 
  7. How was the fraud finally detected?  Explain the legal side of the case.

Related resources:

Calculate your paper price
Pages (550 words)
Approximate price: -

Why Work with Us

Top Quality and Well-Researched Papers

We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.

Professional and Experienced Academic Writers

We have a team of professional writers with experience in academic and business writing. Many are native speakers and able to perform any task for which you need help.

Free Unlimited Revisions

If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account or by contacting our support.

Prompt Delivery and 100% Money-Back-Guarantee

All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed.

Original & Confidential

We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text. We also promise maximum confidentiality in all of our services.

24/7 Customer Support

Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.

Try it now!

Calculate the price of your order

Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.

Essays

Essay Writing Service

No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.

Admissions

Admission Essays & Business Writing Help

An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.

Reviews

Editing Support

Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.

Reviews

Revision Support

If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied with the service offered.