For Wizard Kim - Q4

Instructions:

After reading the article answer question # 4.

https://www.imanet.org/-/media/d62bf5c3348d434bb3e1f381a1e263ad.ashx

4. Relying on the COSO framework, identify specific flaws that were present in Le-Nature’s internal control. How were principles of COSO’s internal control framework violated by Podlucky and his co-conspirators? How did the deficiencies in Le-Nature’s internal controls contribute to the failure of third parties (including Wachovia, leasing companies, and the company’s independent auditors) to uncover the Le-Nature’s fraud?