All of the conformation of purchase documents do not exist for the fraudulent transactions, and the nine people who worked for the controller’s office during fraud do not any longer. When looking at the COSO-Integrated controls framework there are a few things that went wrong. The first control would be control environment of the organization. Is the organization had a strong audit committee in place this potentially may not have happened. Making sure a good audit committee was in place could have reduced this risk because that would have meant good auditors who are not associated with management would have been able to monitor and catch these fraudulent investments. Next would have been the monitoring control itself was rather weak to not be able to catch these faulty investments that were used for personal pleasure. Auditors failed greatly by not catching these guys in the act of siphoning money from the University for these fraudulent investments. Next control failure that should have