ABSTRACT: This paper describes the implementation of a ‘‘Ponzi scheme case study’’in auditing classes at the undergraduate and the Master’s level. This instructional case isbased on the much-publicized Madoff Ponzi scheme. The case exposes students toseveral auditing-related concepts, including: (1) fraud auditing; (2) ethical reasoning andutilitarian principles; (3) affinity fraud and Ponzi schemes; (4) internal control evaluation;(5) governance issues; (6) the Securitie
ABSTRACT: This paper describes the implementation of a ‘‘Ponzi scheme case study’’ in auditing classes at the undergraduate and the […]