Wirecard’s Billion-Dollar Accounting Fraud
Read the transcripts Download transcripts or listen to the podcast titled “Behind the Scenes of Wirecard’s Billion-Dollar Accounting Fraud”
- Evaluate the actions and ethical breach of the Wirecard’s leadership.
- Describe how the tone at the top contributed to this fraudulent activity.
- Describe how various stakeholders (employees, stockholders, and the community) were affected by the actions of Wirecard leadership.
- How did the Audit Committee and Board fail in their responsibilities?
- Audit regulation requires the audit team to assess the fraud risk associated with each engagement. What characteristics of Wirecard might have caused it to be identified as a high-risk audit? Consider the incentives, rationale, and opportunities for fraud in the assessment.
- Your written paper should be 3-4 pages in length not counting the title and reference pages, which you must include.
FRAUD TALK–EPISODE 100 Behind the Scenes of Wirecard’s Billion-Dollar Accounting Fraud Listen to Mason Wilder, CFE, ACFE senior research specialist, and Brian Fox, vice president of strategic partnerships at Thomson Reuters and president & founder of Confirmation, discuss the rise and fall of the German payments group, Wirecard.