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Bre X Minerals

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Submitted By menabass
Words 1138
Pages 5
Fraudulent Activities of

Bre-X Minerals Company

Strayer University

Abstract

This paper covered the ways in which investigating management and directors would

help determine the value of Bre-X’s gold prospect. This paper also covered the ways in

which investigating the company’s relationship with other entities would help in the

determination of Bre-X’s gold prospect. Another area this papered covered was the ways

was the ways in which investigating the organization and its industry would help

determine the value Bre-X’s gold prospect as well as the ways in which investigating the

financial results and operating characteristics would help in the determination of the

of the company’s value. Lastly this paper covered some of the perpetrators motivations

to commit fraud.

Fraudulent Activities of

Bre-X Minerals Company

“Financial statements fraud involves the intentional publishing of false

information in any portion of a financial statement (Association of Certified Fraud

Examiners).” The Bre-X Minerals Case, provided false information that became

detrimental to investors. The false information that harmed investors led to the analysis

of how investigating management and directors would help in the determination of the

company’s value of gold prospect’s. This also led to the ways in which investigating the

company’s relationship with other entities, the organization and its industry and the

ways the financial results and operating characteristics help determine the value of Bre-X

gold prospect. In addition an examination of the perpetrators motivations to commit fraud

was evaluated.

Management plays a vital and important role in a business. However,

if management is involved in fraudulent activities management can cause more harm than

good. In the Bre-X Minerals Case, investigating

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