Identify and explain the fraud issue.
Identify the individuals involved in the fraudulent act(s), explain their role, and explain how they were able to commit the fraud (i.e., what factors were not present in the organization that allowed them to commit the fraud).
Identify and explain the laws, rules, ethics that were violated by the fraudster(s) (e.g., Sarbanes-Oxley Act of 2002, Financial Accounting Standards Board pronouncements, Public Company Accounting Oversight Board pronouncements, American Institute of Certified Public Accountants pronouncements, Securities and Exchange Commission pronouncements, etc.
Explain the impact on affected stakeholders (e.g., stockholders, employees, creditors, suppliers, customers, etc.).
Identify what measures could have been taken to prevent the fraud committed or detect it earlier.