ACCT562 2022 April All Case Studies Latest (Full)

ACCT562 Auditing - An Operational and Internal Perspective Including Fraud Examination

Week 3 Case Study

Prepare a two-to-three page case study report on the following case: COVER STORY: INTERNAL FRAUD on pages 106-107 in Chapter 4: Billing Schemes of the Fraud Examination text by Wells. Discuss the coincidences involved in this case study. Use the 2016 Global Fraud Survey (Links to an external site.) for references concerning perpetrator, size of fraud, detection, and controls.

ACCT562 Auditing - An Operational and Internal Perspective Including Fraud Examination

Week 5 Case Study

Reporting and Relationships Case Study: Internal Auditing Reporting Relationships: Serving Two Masters (Links to an external site.)

Review the information contained with the governance report, and answer the following questions in a two-to-three page paper that addresses:

What is the correct relationship of internal audit to senior management?

How should conflict be managed? Is conflict inevitable?

What types of relationships would compromise independence?

What should the Audit Committee of the Board of Directors do to ensure auditor independence?

ACCT562 Auditing - An Operational and Internal Perspective Including Fraud Examination

Week 6 Case Study

Fashioning A Fraud Case Study: http://www.journalofaccountancy.com/Issues/2007/Oct/FashioningAFraud.htm (Links to an external site.) Read the case study, and discuss what type of fraud was presented in this case. Identify whether this case illustrates an example of the fraud flow in Exhibit 7.4, 7.5, or 7.6 in Chapter 7 of your textbook. In a two-to-three page paper, address the following questions:

Which fraud flow and specific steps did the fraudster manipulate?

How will the new processes installed deter, detect, or prevent this from recurring?