The LDC Cloud Systems Case Study is another installment in the Anti-Fraud Collaboration's successful series of case studies. Participants in case study teachings start with a hypothetical scenario about a fictional company dealing with a fraud. Guided by an instructor, they then discuss what could have been done to address the situation.
With a plot centered on a bribery allegation and questionable accounting oversight within the company, LDC Cloud Systems is designed to provide the reader a better appreciation of how fraud situations can unfold and be addressed, including the importance of strong board oversight. The case study explores actions of management and the board in-depth, providing a timeline of decisions after they uncover potential problems within the company. It also illustrates how complex accounting practices common in today’s fast-changing business environment can make a company susceptible to fraud.
For classroom use, the Anti-Fraud Collaboration has also created a set of video vignettes that bring scenes from the case study to life.