Identify at least two situational pressures in your selected company that would increase the likelihood of fraudulent activity. Describe three circumstances in corporations where fraudulent activity is easier to commit and less prone to detection. Describe, from a risk assessment perspective of fraudulent financial reporting, the external environmental factors that should be considered in a company's industry, its business environment, and its legal and regulatory environment. Then assess how well your chosen company responded to each of these types of external environmental factors. Evaluate your company's system of internal controls and identify potential ethical issues in accounting and financial reporting in the system.
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