For this discussion and after reading Chapter 3, re-read the Summary and post a response considering the following:

  1. What does the author mean when he says, “Our objective is clear: Find the fraud scenario.” Why does he feel this is so important. Do you agree?
  2. How does identifying the fraud scenario further differentiate the fraud audit from a traditional audit?
  3. What are your biggest “takeaways” from this chapter?
  4. Identify a news story about a fraud case and see if you can identify and describe:
  • The primary classification of fraud
  • The secondary classification of fraud
  • The inherent fraud scheme
  • The fraud scenario