Required: Students are required to research issues related to the recent Wirecard AG collapse in the
context of risk management. Students are required to identify and analyse the main features of the
fraud and suggest risk management strategies to avoid such frauds in the future. It is essential that
students refer to the latest available technology to support their analysis and recommendations.
Specifically, students are required to do the following:
1. Identify key features of the fraud missed by the auditors and explain how and why the auditors
were fooled by Wirecard AG.
2. Building on lessons learned from Wirecard AG, devise a risk management and information
system or methods mitigating against deceptions. Focus on how auditors could improve the
quality of their audits.
Format: The word limit is 2500 words. Your word count must be included on your cover page. Nothing
is to be excluded from the word count. If you exceed the word limit, 10% of the total marks will be
deducted as a penalty. In-text referencing is required for all sources used and a complete list of
references must be provided using APA Style – 7th Edition. More information about this referencing
style is available from the library: https://libguides.mq.edu.au/referencing/APA7thEdition
Your submission must contain the following (i.e. all files must be combined into one file and in this
order):
Cover page (You can design your own cover page)
Report
Reference list
The style must be as following:
Font – Times New Roman
Size – 12point
Spacing – 1.5 lines
Margins not less than 2.5 cm
Each page must have a footer containing the following:
ACCG8150, S1, 2023
Your SID
Page number
ACCG8150, S1, 2023
Generative AI Technology (GAIT):
Green Zone: GAIT use permitted within academic integrity guidelines
For this assessment, in addition to spelling/grammar checkers and referencing software, students
are permitted to use generative artificial intelligence tools (GAITs, e.g., ChatGPT) to:
