The Business Advisory Council (BAC) Faculty Scholars research project on which I work is conducted under Dr. James R. Crockett. Dr. Crockett is a professor of auditing at The University of Southern Mississippi in Hattiesburg. Dr. Crockett supplies court records of embezzlements committed across the state of Mississippi. The goal of the project is to break down and organize the public records for each case in order to identify internal control (i.e., policies and procedures designed to provide management with reasonable assurance that the company achieves its objectives and goals) problems. The sources were used to identify warnings signs (red flags), to identify internal control weaknesses, to analyze cases in terms of the fraud triangle (i.e., this includes three components: opportunity, pressure, and rationalization), and if possible to identify how the embezzlement was discovered and what incentives caused the person to commit the act.
"Business Advisory Council Scholars Research,"
The Catalyst: Vol. 1:
2, Article 3.
Available at: https://aquila.usm.edu/southernmisscatalyst/vol1/iss2/3