1) What is the role of the external auditor in the financial reporting process?
2) Reviewing cash receipts before, during, and after an individuals employment is a
form of invigilation.
3) Collusion is almost impossible to detect because the persons charged with
providing internal control are part of the fraud.
4) Using an accomplice as the payee is one way to hamper detection of fraudulent
maker schemes.
5) Describe corporate governance breakdowns in the facilitation of Enrons fraudulent
acts.