Option #1: Company Fraud: An evaluative report

The Portfolio Project Option 1 for ACT450 is a research report thatidentifies and analyzes a company that has been indicted for fraud. Thereport also will evaluate the auditor's role in relation to the fraud.

1. To conduct your research, choose as a casestudy one of the companies listed below, or obtain approval from yourinstructor to use a public company not on the list.
   • Children's Cancer Fund of America
2. Your report must describe the issues surrounding the company and anycompany policies in relationship to the impact those might have onpublic audits/accounting.
3. Provide the following elements in your paper:
   1. An executive summary identifying the company, the fraud, the affected stakeholders, and the ultimate resolution
   2. A brief history of the company
   3. An analysis of the auditor's role in the fraud, including any auditing standards that the auditors did not follow
   4. Identification of internal controls that were circumvented or lacking and that could have prevented the fraud
   5. Identification of accounting policies currently in effect that aredesigned to prevent similar problems from occurring again, or, if nopolicy exists, a proposal for a solution that would prevent arecurrence.

Your written response paper should be 8-10 pages in length. Typeyour paper in a Word document and follow APA format, according to CSU-Global Guide to Writing and APA Requirements.Include a title page and reference page. Use four (4) outside academicsources other than the textbook, course materials, or other informationprovided as part of the course materials.