Listed Below Are 13 Specific Fraud Examples Taken from Some

question 19

Essay

Listed below are 13 specific fraud examples taken from some well-known fraud cases: MiniScribe, ZZZZ Best Carpet Cleaning, Lesley Fay, and Equity Funding.
Required:
For each fraud example, enter a letter corresponding to which information control goal was initially violated-Validity, Completeness, or Accuracy. Some examples might involve more than one violation.
NOTE: When we say initially, we mean what control goal failure led to this example, not what is the present condition. For example, master data might contain information that is inaccurate, but it might have been an inaccurate input that initially caused the data to be inaccurate.

---

Definitions:

Contribution Margin

The portion of sales income available to cover fixed expenses and contribute to net profit, after covering all variable expenses.

Financial Advantage

The benefit gained in financial terms, which might include profitability, revenue growth, or value creation, compared to a baseline or competitors.

Fixed Manufacturing Expenses

These are the expenses that remain constant regardless of the amount of goods produced, including rent for factory buildings or lease payments for manufacturing equipment.

Fixed Selling

Expenses that remain constant regardless of the level of sales or production, such as salaries of sales managers and rental charges of retail spaces.