A key project for the Anti-Fraud Collaboration is its case studies. These are a series of hypothetical fraud scenarios, which are modeled on the Harvard Business School case method. Those using the case—whether students or professionals—start with a set of facts about a company. They then can discuss and better understand what could have been done to improve that environment and mitigate the risk of fraud.

ANTI-FRAUD COLLABORATION CASE STUDIES

The Carolina Wilderness Outfitters Case Study explores potential material fraud at a fictitious public company. The case is designed to facilitate a discussion about what steps to take when fraud is suspected in an organization. The case study also aims to raise awareness of the environments in which financial reporting fraud might flourish and engage audit committees, financial executives, and internal and external auditors in a discussion about mitigating the risks of fraud. Carolina Wilderness Outfitters comes with two scenarios (A and B) to provide an extra dimension to the discussion.

The Hollate Manufacturing Case Study examines a potential material fraud at a fictional manufacturing company in order to raise awareness of environments in which financial reporting fraud might flourish. The Case Study and companion Discussion Guide provide a roadmap to help members of the financial reporting supply chain – audit committees, financial executives and internal and external auditors – engage in interactive discussions on stopping a fraud once it has been identified.

The Kendallville Bank Case Study explores potential material fraud at a fictitious regional bank. With a plot revolving around the questionable accounting decisions of a star executive, this hypothetical scenario is designed to foster a greater understanding of the importance of exercising skepticism as a participant in the financial reporting process at publicly traded companies.

CASE STUDY DISCUSSION GUIDES

Whether it is the Carolina Wilderness Outfitters Case Study, the Hollate Manufacturing Case Study, or the Kendallville Bank Case Study the companion Discussion Guide offers a blueprint to help experienced trainers and educators lead an interactive discussion based on the Case Study with members of the financial reporting supply chain and others with an interest in fraud deterrence and detection. The Discussion Guides are specially designed for individuals trained in case method teaching. If you have experience in leading education or training programs, and wish to request a free copy of both or one of the Discussion Guides, please register here. If you have questions about our case studies or qualifications for receiving the discussion guides please e-mail Tom Payne, CAQ Research Manager.