Discuss the wells fargo account fraud scandal

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Reference no: EM132969315

Question: Discuss the Wells Fargo account fraud scandal. Make sure to cite at least two scholarly resources for your information

-What fraudulent activity Wells Fargo was involved in and the outcome...describe in detail what they did and how they got caught and the consequences.

-List and describe the four Control Procedures as discussed in the textbook. (The seven internal control procedures are separation of duties, access controls, physical audits, standardized documentation, trial balances, periodic reconciliations, and approval authority).

-Based on the company's fraudulent activities, discuss in sufficient detail which of the Control Procedure(s) you feel should have been in place to help the company avoid/prevent the fraudulent activity and discuss why you selected this Control Procedure over the others that were available.

-Discuss a time when you observed a fellow employee exhibit a habit that you felt could be fraudulent. What do you feel could have been done to prevent it.

Reference no: EM132969315

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