All the Queen’s Horses This week’s discussion is based on the documentary, All the Queen’s Horses. The documentary is available on Netflix. Please watch th

All the Queen’s Horses This week’s discussion is based on the documentary, All the Queen’s Horses. The documentary is available on Netflix. Please watch the video and also review the related resources listed below.

All the Queen’s Horses

Don't use plagiarized sources. Get Your Custom Essay on
All the Queen’s Horses This week’s discussion is based on the documentary, All the Queen’s Horses. The documentary is available on Netflix. Please watch th
Just from $13/Page
Order Essay

On February 14, 2013, Rita Crundwell, former comptroller for the city of Dixon, IL was sentenced to 19½ years in prison for stealing more than $53 million from Dixon. Crundwell’s crime went on record as the largest municipal fraud in U.S. history. Just as shocking as the amount stolen from this small Illinois town, was the fact that Crundwell engaged in her scheme to pillage Dixon for 20 years before being discovered.

Crundwell’s fraud shines an unflattering spotlight on the accounting profession and the role of the audit. The relevance of the audit has been in question since the uncovering of massive corporate frauds dating back to Worldcom and Enron. Subsequent to Crundwell’s conviction, the city of Dixon sued its auditors, accountants and bank, settling their claim against them for $40 million.

After viewing the video and reviewing the related resources, please submit a 3-4 paragraph initial post, addressing the following:

Describe the fraud scheme committed by Rita Crundwell, including how she concealed the fraud.
How did Rita Crundwell steal over $37,000 each day from a town with an annual budget of around $6 million?
Discuss the application of the fraud triangle and other fraud theories we have covered as they apply to this case study.
How could this fraud have been prevented? In your discussion, be sure to explain the controls that were missing at City Hall.
How could such embezzlement go undetected in annual audits by two independent accounting firms and in annual audit reviews by state regulators? How was this fraud continued for so many years? What red flags did the auditors miss?
How did residents not become suspicious of Crundwell’s extravagant wealth and frivolous spending?
How was the fraud finally detected? Explain the legal side of the case.

As with other discussions, you will not see other students’ posts under after your initial post. Please have your initial post submitted by Wednesday to ensure full credit. After your initial post, please continue the discussion with three (3) substantive replies to your classmates’ initial posts.

Related resources:

How People Rationalize Fraud

https://ed.ted.com/lessons/how-people-rationalize-fraud-kelly-richmond-pope

$54 Million Fraud

https://www.aicpastore.com/Content/media/PRODUCER_CONTENT/Newsletters/Articles_2013/ForensicValuation/54-million-dollar-fraud.jsp

How Ronald Reagan’s Hometown Was Robbed Blind

https://www.thedailybeast.com/how-ronald-reagans-hometown-was-robbed-blind

Rita Crundwell And The Dixon Embezzlement

http://www.chicagomag.com/Chicago-Magazine/December-2012/Rita-Crundwell-and-the-DixonEmbezzlement/

Homework On Time
Calculate the Price of your PAPER Now
Pages (550 words)
Approximate price: -

Why Choose Us

Top quality papers

We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.

Professional academic writers

We have hired a team of professional writers experienced in academic and business writing. Most of them are native speakers and PhD holders able to take care of any assignment you need help with.

Free revisions

If you feel that we missed something, send the order for a free revision. You will have 10 days to send the order for revision after you receive the final paper. You can either do it on your own after signing in to your personal account or by contacting our support.

On-time delivery

All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed.

Original & confidential

We use several checkers to make sure that all papers you receive are plagiarism-free. Our editors carefully go through all in-text citations. We also promise full confidentiality in all our services.

24/7 Customer Support

Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.

Try it now!

Calculate the price of your order

Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.

Essays

Essay Writing Service

You are welcome to choose your academic level and the type of your paper. Our academic experts will gladly help you with essays, case studies, research papers and other assignments.

Admissions

Admission help & business writing

You can be positive that we will be here 24/7 to help you get accepted to the Master’s program at the TOP-universities or help you get a well-paid position.

Reviews

Editing your paper

Our academic writers and editors will help you submit a well-structured and organized paper just on time. We will ensure that your final paper is of the highest quality and absolutely free of mistakes.

Reviews

Revising your paper

Our academic writers and editors will help you with unlimited number of revisions in case you need any customization of your academic papers