˃As economic crimes increase globally, accounting fraud is consistently in the top three areas according to a global survey reflected in this week′s chapter reading. Use the Internet to research a company sanctioned for financial accounting fraud in the past five (5) years. Give your opinion on the situational pressures that caused perpetrators to commit fraudulent reporting. Assess the opportunities for fraudulent financial reporting and discuss ways the company you researched could eliminate fraudulent reporting. Provide justification for your response. ˃Describe how standard costs are determined by a manufacturing company. Describe two types of standard cost variances that are used by management to assess both the efficiency and effectiveness of comparing actual hours to standard hours.
