Potential background for developing your fraud prevention

 

1. Using private industry as a potential background for developing your fraud prevention and detection strategy, what type of external resource(s) would you recommend be established as soon as possible and included in the company’s marketing brochures as a value-added differentiating service with regards to reporting potential fraud that may be occurring in the asset disposition process?  Keep in mind, this is not a SEC or a Securities Act situation.

2. Assume after implementing the external resource described in #1 above, it comes to your attention that Bob, a member of the Jones’ family, may be improperly benefitting from the disposition of his late Dad’s assets by selling certain assets for significantly less than fair market value before the formal auction of tangible assets.  Per other family members, Bob has been acting very strange since his Dad’s passing.  Large bags have appeared under his eyes, Bob has been very short and flown off the handle in just about every discussion or phone call with the other family members, and Bob is suddenly driving a brand-new Porsche after driving an old used Toyota for the last 15 years.
• What steps would you start with to investigate this suspected fraud before interviewing either Bob or any of the family members?

 

• After the first steps in your suspected fraud investigation are completed above, would you interview Bob?  Why or why not?
• Describe in detail how you would conduct an admission-seeking interview with Bob.  Be specific.  See the hyperlink below to Interview Theory and Application prepared by the Association of Certified Fraud Examiners to help you prepare your detailed answer to this question.

Sample Solution

tame or eradicate unruly ‘plants’ (those who do not coincide with the social norms) (Bauman, 1992). With this, identity construction within modernity was limited to authoritative figures controlling norms of identity. This has detrimental impacts on the reception of minority groups who were disregarded for not conforming to regulated norms.

By contrast, Jackson and Hogg (2010) suggest that the decline of social hierarchy by questioning elitists/experts and having confidence in oneself are key principles of postmodernity. This means that the discourse surrounding identity that was created by ‘white-able-bodied-heterosexual-men’ that plagued modernity is destabilised and replaced by individual identities in postmodernity. This is pivotal to understanding disabilities as it undermines the governing rules that define normality by appreciating disability as a social construct (Tregaskis, 2002). From a SSR perspective, the inclusive approach that postmodernity offers reflects the celebration of difference and desire to research the real social world. However, with the proliferation of identities in contemporary society, identity construction has become problematic. With relation to autism, psychologists suggest that the autistic spectrum is becoming too all-encompassing that the difference between those with autism and the general public will become non-existent in less than 10-years (Rødgaard, Jensen, Vergnes, Soulières & Mottron, 2019). Supporting this, Clements (2019) suggests that “many people now self-identify as autistic as though it were a fashion label rather than a debilitating disorder”. This attitude has led to the marginalisation of autistic people, and social media enhances this with ‘#ActuallyAutistic’ encouraging people to self-identify. It is evident that while a proliferation of identities offers liberation by encouraging people to construct their own identities, but can have detrimental impacts on those who are disabled.

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