Accounting Assignment
5.4 – Assume you are asked to be part of an audit of GE’s insurance business to assess fraud risks, what issues would you report? Did KPMG adequately evaluate the insurance claim reserves estimates?
5.2 -Using the Fraud Triangle as the foundation explain how fraud occurred at this company. Also discuss whether Ernst & Young should have identified the fraudulent act taking place and what factors contributed to the audit firm not identifying the fraud.
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