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Summary on Trap Doors and Trojan Horses
Finance & Accounting
Pages 5 (1255 words)
Name: Instructor: Course: Date: Trap Doors and Trojan Horses. Fraud is a term used to refer to the intentional deception by an individual with the sole intent of damage or for gain or interest. Fraud is regarded as a criminal act and it is prohibited by law attracting severe fines and prison sentences depending on its magnitude and intent.
Fraud can involve as little as $1 to millions of dollars depending on the players involved, as characterized by most fraud activities involving large corporations like banks and investment firms. Trap Doors and Trojan Horses is a book authored by Larry Crumbley, Lawrence Murphy Smith and Laura Davis DeLaune that details the intricacies of fraud involving large corporations and firms. The book is written as a novel that portrays what is regarded as mundane auditing or accounting process in an extremely creative and interesting manner that captures the reader’s attention. The technique used to write the book helps shed light onto the inner workings of high level fraud in the corporate world, and the players involved. This paper seeks to provide a summary of the book by highlighting the key concepts and components addressed by the book. Fraud in the accounting world is best investigated and found out by accountants who are professionally trained and certified with what is referred to as a certified public accountant (CPA) accreditation. ...
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