Detecting Fraud in Financial Reporting and Accounting Irregularities Discussion

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Business Finance

Hi,

I have tow video you can find it at the attachment below.and follow the questions . Also,I hope the answer is clear and easy to understand

Discuss the benefits and the costs of Dodd-Frank’s whistleblower provision. Demonstrate with examples. Conclude with an evaluation of this provision and if you believe there is a better solution, please propose in a cogent manner.

Please define fair value as it relates to financial reporting. Explain and critique any inconsistencies you may note in this definition. In your explanation distinguish among the Fair Value Hierarchy i.e. Level 1, Level 2 and Level 3. Identify the internal and external risks that accompany each level while questioning what attributes could be material or not.

Describe the difference between an accounting error & accounting irregularity?

Thanks.