2023 Assignment 2: Case Analysis Report: Wirecard Fraud
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2023 Assignment 2: Case Analysis Report: Wirecard Fraud
Requirements:
Research about Wirecard fraud case& . A client of similar nature to Wirecard has engaged you to provide consultancy services to learn how the fraud could have been prevented or detected by highlighting the examples of fraud symptoms in that case. You have been asked to structure the report as follows:
1. Executive Summary (10 marks)
2. Discussion:
a. Based on your understanding of the fraud case, choose* any four symptom categories# below:
i. Accounting anomalies
ii. Internal control weaknesses
iii. Analytical anomalies
iv. Extravagant lifestyle
v. Unusual behaviour
vi. Tips and complaints
b. For each symptom category chosen in 2.a. above, provide a suggestion^ to prevent or detect thereoccurrence of similar fraud.
(20 marks x 4 categories = 80 marks)
3. Conclusion. (10 marks)
[TOTAL: 100 MARKS]
Additional information:
• For feedback purpose: Only word file is permitted
• &A video on Wirecard is available on Stream to introduce you to the case. Research for more information about the case online.
• *The categories should ideally be chosen from those which have more evidence/information for your discussion.
• # Refer to page 131 of Chapter 5 and page 396 of Chapter 12 in the textbook.
• ^ As much as possible, the suggestions must be context specific to the fraud symptom and not a general suggestion at the firm levels, such as good governance or a good internal
control system. If you perceive good governance as suitable, be specific on which aspect of the good governance would likely prevent the specific fraud symptom that you identified.
• You need to apply your knowledge of auditing, the pre-requisite course to Forensic Accounting. Choose the categories wisely.
• You do not have to provide in-text citations or a reference list in your report.
• Maximum word count is 1,000 (plusminus 10%)
• Late submission: Please contact <[email protected]> at least aweek prior to the due date for approval, otherwise a 2% penalty applies for each day late, including weekends and public holidays.
• File name convention: A2_369_Surname_FirstName_Student ID
• Use of artificial intelligence aids is NOT allowed.
o Please take note of the University’sUse of Artificial Intelligence in Assessment Policy.
o The University will use a range of detection strategies to identify suspected use of artificial intelligence, including detection software.
o Refer toartificial intelligence aidsfor an indicative, but not exhaustive, range of aids that should not be used for this assessment.
o It is required that you list all the technology you have used to assist you in your writing of this assessment. This includes, amongst others, writing assistants, language translation programmes, coding or calculation programmes, statistical programs, Microsoft Office or Google Docs. The list should appear at the end of your assignment, following the sources/references/bibliography you used.
o It is strongly recommended that you retain drafts of your work, regardless of language, as these may be required to be presented as evidence in the case of an alleged breach of Academic Integrity.
• Format (below)
|
Case Analysis Report Wirecard Report Prepared for: [Your client’s name] Prepared by: [your (firm)name and designation] 1. Executive Summary 2. Discussion a. [Fraud symptom category 1] i. Identification/discussion of context/evidence from the case ii. Suggestion for prevention (or detection) b. [Fraud symptom category 2] i. Identification/discussion of context/evidence from the case ii. Suggestion for prevention (or detection) c. [Fraud symptom category 3] i. Identification/discussion of context/evidence from the case ii. Suggestion for prevention (or detection) d. [Fraud symptom category 4] i. Identification/discussion of context/evidence from the case ii. Suggestion prevention (or detection) 3. Conclusion |
Marking Rubric
|
Qualities |
A Pass |
B Pass |
C Pass |
Fail |
Max. Mark |
|
1. Executive summary |
Excellent executive summary of the report. (9 to 10 marks) |
Good executive summary. (7 to 8 marks) |
A reasonable executive summary. (5 to 6 marks) |
Poor executive summary. (0 to 4 marks) |
10 |
|
Any 4 symptom categories |
|||||
|
2. Accounting anomalies |
Excellent identification and discussion of fraud symptoms and prevention suggestions (with details/ *calculation as evidence). (18 to 20 marks) |
Good discussion of fraud symptoms and prevention suggestions (with details/ *calculation as evidence). (14 to 17 marks) |
Reasonable discussion of fraud symptoms and/or prevention suggestions (with details/ *calculation as evidence). (10 to 13 marks) |
Poor discussion of fraud symptoms and/or prevention suggestions (with details/ *calculation as evidence). (0 to 9 marks) |
20 |
|
3. Internal control weaknesses |
Excellent identification and discussion of fraud symptoms and prevention suggestions (with details/ *calculation as evidence). (18 to 15 marks) |
Good identification and discussion of fraud symptoms and prevention suggestions (with details/ *calculation as evidence). (14 to 17 marks) |
Reasonable identification and discussion of fraud symptoms and/or prevention suggestions (with details/ *calculation as evidence). (10 to 13 marks) |
Poor identification and discussion of fraud symptoms and/or prevention suggestions (with details/ *calculation as evidence). (0 to 9 marks) |
20 |
|
4. Analytical anomalies |
Excellent identification and discussion of fraud symptoms and prevention suggestions (with details/ *calculation as evidence). (18 to 20 marks) |
Good discussion of fraud symptoms and prevention suggestions (with details/ *calculation as evidence).
(14 to 17 marks) |
Reasonable discussion of fraud symptoms and/or prevention suggestions (with details/ *calculation as evidence). (10 to 13 marks) |
Poor discussion of fraud symptoms and/or prevention suggestions (with details/ *calculation as evidence). (0 to 9 marks) |
20 |
2023-09-16