Abstract
This is an actual case that has been, as noted when reading the postscript, only partially resolved. Therefore the name and location of the facility as well as the names of the employees have been changed. The case has also been classroom tested in a graduate auditing class where the students found this case to be more relevant to their own situations rather than many of the cases involving large corporations. The case involves a HUD funded independent living facility for senior citizens. The facility is run by a handful of employees who report to a director who in turn reports to a Board of Directors. The voluntary Board doesn’t get involved with the daily operations of the facility and for the most part does not exercise its oversight function. As a result, the director has a great deal of latitude with no supervision resulting in an atmosphere ripe for irregularities.
Recommended Citation
Russo, Charles J. PhD; Martins, Lasse PhD; and Martin, Charles L.
(2013)
"A Case of Fraud: Phoenix House,"
Journal of Business, Industry, and Economics: Vol. 18, Article 5.
Available at:
https://roar.una.edu/jobie/vol18/iss1/5