Le-Nature's Inc. fraud : what happened and why? / Michael C. Knapp, Carol A. Knapp.

Format:

Book

Author/Creator:

Knapp, Michael Chris, 1954- author.

Knapp, Carol A., author.

Series:

SAGE Knowledge. Cases.

SAGE Knowledge. Cases

Language:

English

Subjects (All):

Fraud--Case studies.

Fraud.

Business ethics--Case studies.

Business ethics.

Le-Nature's Inc--Case studies.

Le-Nature's Inc.

Genre:

Case studies.

Physical Description:

1 online resource.

Place of Publication:

London : SAGE Publications Ltd, 2017.

System Details:

text file

Summary:

Le-Nature's Inc. was a Pennsylvania-based beverage company founded in 1989 by CEO Gregory Podlucky, who oversaw a large-scale financial fraud based on bogus sales revenues from the late 1990s through 2006. This case uses the Le-Nature's fraud as a vehicle to introduce students to the fraud triangle, the Committee of Sponsoring Organizations of the Treadway Commission (COSO) internal control framework, and how management accountants can contribute to strong internal controls, fraud prevention, and an ethical climate that encourages good overall corporate governance. Case questions require students to relate the Le-Nature's case to these topics and make recommendations on how Le-Nature's could have improved its corporate governance practices and avoid this massive fraud. Students are also required to explore the ethical responsibilities of corporate accountants and other parties involved in the accounting and financial reporting process by referring to the IMA Statement of Ethical Professional Practice.

Notes:

Originally Published InKnapp, M. C., & Knapp, C. A. (2015). Le-Nature's Inc. fraud: What happened and why? IMA Educational Case Journal, 8(4), Article 1.

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Description based on XML content.

ISBN:

9781526426390

OCLC:

1017714289

Access Restriction:

Restricted for use by site license.