Research - Bernard L. Madoff Investment Securities LLC 2008

Select an accounting scandal from the listing provided in class. Research the scandal and develop a PowerPoint presentation that communicates the following:

Bernard L. Madoff Investment Securities LLC 2008. Audit firm: Friehling & Horowitz

• Background of the Company in which the scandal occurred
• Detail of the fraudulent activity that occurred
o Who was involved?
o What controls failed?
• Develop controls that would have help prevent/mitigate the occurrence of the fraudulent activity
o Based on what you’ve learned from the course, why would these controls work? Give your opinion
• If there are no controls that could have prevented the scandal from occurring, explain why