ACCT562 2022 April Discussions Latest (Full)

ACCT562 Auditing - An Operational and Internal Perspective Including Fraud Examination

Week 1 Discussion

What is Fraud?

What is fraud? Who perpetrates it? What is its impact on business? Why does fraud still persist after the scandals of WorldCom and Enron in the early 2000s and the passage of Sarbanes-Oxley?

 

ACCT562 Auditing - An Operational and Internal Perspective Including Fraud Examination

Week 2 Discussion

Oversight of Financial Statement Fraud

The Public Company Accounting Oversight Board (PCAOB) is a direct result of the financial statement fraud that occurred in the early 2000s. What does it do, and most importantly, how does it accomplish its mission? What evidence is there that it is effectively executing that mission?

 

ACCT562 Auditing - An Operational and Internal Perspective Including Fraud Examination

Week 3 Discussion

Work Programming

Review the multitude of types of audit programs. Find a work program associated with this week’s fraud topics, and describe the control, objective, and one or two steps.

 

ACCT562 Auditing - An Operational and Internal Perspective Including Fraud Examination

Week 4 Discussion

Non Cash Asset Fraud

Read the case study on page 211-213 on high tech theft. What key controls were not in place in this case? What industries are susceptible to this type of fraud?

 

ACCT562 Auditing - An Operational and Internal Perspective Including Fraud Examination

Week 5 Discussion

Corruption in a Global Economy

what is corruption? Discuss the different categories of corruption.

 

 

 

ACCT562 Auditing - An Operational and Internal Perspective Including Fraud Examination

Week 6 Discussion

Expense Reporting Fraud

Let's put expense reporting fraud in perspective with the Fraud Scale and the Fraud Triangle. What factors from an opportunity standpoint have to be in place?

 

ACCT562 Auditing - An Operational and Internal Perspective Including Fraud Examination

Week 7 Discussion

Investigating Fraud

By now, most folks have seen at least one or two investigation shows – real or dramatic. A fraud investigation has to be conducted by professionals with the interests of the firm, the victims, and also the suspected perpetrator in mind. How does a fraud investigation get started? What is the criteria? And when should law enforcement ever be engaged?