Sue Ramos is an internal auditor with a problem on her hands. Keep digging into a curious finding from an investigation of a whistleblower tip a week before the third-quarter filing date? Or proceed through the mountain of other work that must be completed and put the investigative revelation on the to-do list for the next routine compliance review?
The Anti-Fraud Collaboration outlines the fictitious scenario in a case study meant for training and classroom purposes to facilitate discussion of when and how to pursue internal investigations if a faint whiff of fraud is detected. The “Carolina Wilderness Outfitters Case Study” is the second case study published by the Anti-Fraud Collaboration after the Hollate Manufacturing case study got positive reviews for helping facilitate training on understanding the conditions that can lead to fraud and misrepresentation in financial reporting.
