SOLUTION: ACCT 438 UMUC Corporate Social Responsibility and Corporate Fraud Report & PPT

Attached. Please let me know if you have any questions or need revisions.Running Head: CORPORATE FRAUD1Corporate FraudName:Institutional Affiliation:Date:CORPORATE FRAUD2Table of ContentsCorporate Fraud ……………………………………………………………………………………………………………………….. 3Introduction ………………………………………………………………………………………………………………………………. 3Example of case …………………………………………………………………………………………………………………………. 3References …………………………………………………………………………………………………………………………………. 43CORPORATE FRAUDCorporate FraudIntroductionIn business, numerous incidents have been reported over the years. Fraud is any form ofillegal activity which happens without considering or adhering to the prevailing ethical practiceswithin a community or environment. There are different types of fraud that may be witnessed ina given environment. These types of fraud may result in significant losses from a financial oroperational dimension. Corporate fraud is one of the most common types of dishonestymalpractice that continues to be witnessed in various environments. This project looks at the caseof corporate fraud identifying one of the latest events to happen, the red flags that were used inthe process of its detection and the best practices to prevent a similar event.Corporate fraud affects the normal operations of a business based on misappropriation offinances to benefit a few individuals. Individuals or groups may be engaged in unethicalpractices affecting the ability of a firm to promote positive performance. Corporate fraud affectsthe financials of a given firm since unethical practices are usually followed to benefit a fewindividuals. The use of unethical strategies has been one of the most common factors influencingthe behavior of a company and the employees in delivering value to the consumers.Corporate fraud happens in the organizational setting. This type of fraud may be recordedin diverse industries, including manufacturing and retail. The most common area where this typeof fraud and risk may happen is the firm`s financial sector. This risk affects the financials andmay be based on various forms. For example, the perpetrators may engage in manipulation…

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