Disscussion

Please, i need a new one. Not one that is already done. New ideas and paper for each question.

Week 6

Discussion 1

"Financial Statement Fraud" Please respond to the following:

· Evaluate the types of financial statement fraud that has occurred in the past and predict what types of fraud may / or may not be committed in the future. Support your prediction(s) with examples.

· Imagine you are the controller of a major new tech start-up. Upper management is putting pressure on you to exceed Wall Street’s earnings expectations for the next quarter. You have decided that you have to “cook the books” in order to exceed expectations. Create a scheme to increase earnings for the quarter. Support your scheme with examples.

Discussion 2

"Financial Reporting Structure" Please respond to the following:

· Analyze the current control structure for safeguarding financial reporting. Based on your analysis, recommend changes that will strengthen the current control structure. Support your recommendations with examples and rationale.

· You have just been hired by XYZ Company as a senior-level accountant. You think you have discovered what you believe to be fraud in the latest financial statements. Propose what actions you might take regarding what you have discovered. Support your proposal with examples.

Discussion 3

"Management Override, Collusion, and Earnings Management" Please respond to the following:

· Assess the three procedures that are effective in identifying breakdowns in internal controls due to override and collusion. Choose which of three would be most difficult for the external auditor to detect. Explain your answer.

· Compare and contrast earnings management and fraud and give your opinion of how external auditors can determine if management is deliberately managing their earnings.