The Anti-Fraud Collaboration, which includes The Institute of Internal Auditors, has released a case study to promote understanding of internal investigations in cases of potential fraud. The case study, which involves the fictitious company Carolina Wilderness Outfitters, comes after the group's first case study, which examined how fraud and misrepresentation can arise in financial reporting. The previous case study was released last year and has since been used at audit firms, professional conferences and universities.

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