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Strayer ACC564 (Strayer) Week 7 Assignment 3:Fraud in the Accounting In

Question # 00046016
Subject: Kindergarten
Due on: 02/02/2015
Posted On: 02/02/2015 08:36 AM

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ACC 564 (Strayer) Week 7 Assignment 3: Fraud in the Accounting Information System

For this assignment, research the Internet or Strayer databases to locate a firm that was involved in a fraud and / or embezzlement case.

Explain how the firm’s ACCOUNTING information system (i.e., components and functions) contributed to the fraud and / or embezzlement. You will need to focus on how each component / function of the accounting information system failed, which resulted in the scandal / case.

Write a ten to twelve (10-12) page paper in which you:

  1. Based on the information you researched, assess the failure of the firm’s accounting information system to prevent the related fraud / embezzlement.
  2. Imagine that the company that you researched uses a third-party ACCOUNTING SYSTEM. Evaluate the effectiveness of the firm’s stakeholder in the event that a third-party accounting system suffers a breach. Include an assessment of the level of responsibility of the software provider to the business and its clients. Provide support for your rationale.
  3. Determine what advances in accounting and / or INFORMATION TECHNOLOGY could have prevented the event from occurring. Provide support for your argument.
  4. Evaluate what changes should be made to both the Sarbanes-Oxley Act of 2002 and other current laws in order to make them more effective in deterring companies from committing crimes.
  5. Recommend a strategy that the company you indicated may use to prevent future business information failures. Indicate how the company should approach the implementation of your recommended strategy. Provide support for your recommendation.
  6. Use at least three (3) quality resources in this assignment. Note: Wikipedia and similar Websites do not qualify as quality resources.

Your assignment must follow these formatting requirements:

? • Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.

? • Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

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Strayer ACC564 (Strayer) Week 7 Assignment 3:Fraud in the Accounting In

Tutorial # 00067936
Posted On: 05/28/2015 09:36 PM
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Tutorial Preview …Week x Assignment xxxxxxx…
ACC_564_Assignment_3_Fraud_in_the_AIS_(2).docx (28.12 KB)
Preview: enforcing xxx use xx an adequate xxxxxxxxxx information system xxxxxxxxx to xxx xxxxxx an xxx has five xxxxxxx objectives: to xxxxxxxx and xxxxxx xxx valid xxxxxxxxxxxxx properly classify xxxxxxxxxxxxx record transactions xx their xxxxxx xxxxxxxx value, xxxxxx transactions in xxx proper accounting xxxxxxx and xxxxxxxx xxxxxxx transactions xxx related disclosures xx the financial xxxxxxxxxx ( xxxxxx xxxxx Steinbart, xxxxx Once the xxxxxx is in xxxxxx monitoring xxx xxxxxxxx of xxx system periodically xxxx prevent and xxxx identify xxxxx x procedure xxxxx to be xx place for xxxx monitoring xxxxxxx xxxxxxxxxx and xxxxxxxx specific duties xxxxxxxxxx must set x standard xxx xxxxxxxxx in xx organization on xxx importance of xx accounting xxxxxxxxxxx xxxxxx and xxx maintenance Employees xxxxxx be trained xx the xxxxxxx xxxxxxxxx while xxxxx the system, xxx expected to xxxxxx any xxxxxxxxxx xxxxxxxx from xxxxxx regarding embezzlement xx fraud Organizations xxxx to xx xxxxxxxx and xxxxxx any employee xx executive who xxxxxxxx fraudulent xxxxxxxx xxxx fraud xxxxxxx organizations need xx be responsible xxx take xxxxxx xx prevent xxxx type of xxxxxxxx in the xxxxxx Also xxxxxxxxxx xxxxxxxx audits xx an accounting xxxxxxxxxxx system should xxxxxxxx possible xxxxxx xxxxxxxx audits xxxxxx the reliability xxx integrity of xxxxxxxxx and xxxxxxxxx xxxxxxxxxxxx evaluate xxxxxxxx control effectiveness, xxx assess employee xxxxxxxxxx with xxxxxxxxxx xxxxxxxx and xxxxxxxxxx as well xx applicable laws xxx regulations xxxxxxx xxxxx Steinbart, xxxxx Auditing typically xxxxxxxxx employees from xxxxxxxxxx fraud xxxxxxxxxxx xxx less xxxxxx to exhibit xxxxxxxx behavior when xxxx are xxxxx xx being xxxxxxx or can xx caught Fry’s xxxxxx make xxxx xx have xx audit committee xxx will handle xxxxxxxx audits xxx xxxxxxxxx is xxxxxxxxxxx from the xxxxxxxxxx and operation xxxxxxxxx of xx xxxxxxxxxxxx An xxxxxxxx auditor could xxxx identified the xxxxxxxx scheme xx xxxxx Siddiqui, xx Fry’s had xxxx utilizing this xxxx of xxxxxxxxx xxxxxx an xxxxxxxxxx information system xxxxxxx area of xxxxxxxxxxxx Fry’s xxxxxxxxxxx xxxxx incorporate xxxxxx their accounting xxxxxxxxxxx system, is x forensic xxxxxxxxxx x computer xxxxxxxx specialist can xxxxxxxx an accounting xxxxxxxxxxx system xxx xxxxxxxxx if xxxxxxxxxx activity occurred xxx identify the xxxxxxx A xxxxxxxx xxxxx Touche xxxxxxxxx team uncovered xxxxxxxx that helped xxxxxxx a xxxxx xxxxxxxxxxx purchasing xxxxxxx who had xxxxxxxx over $600,000 xx supplier xxxxxxxxx xxxxxxx & xxxxxxxxxx 2012) This xxx very similar xx the xxxxxxxx xxxxxx of xxxxx Siddiqui Ausaf xxxxxxxxxxx the expenditure xxxxx of xxx xxxxxxxxxx system xxx primary objective xx the expenditure xxxxx is xx xxxxxxxx the xxxxx cost of xxxxxxxxx and maintaining xxxxxxxxxxxx supplies, xxx xxx various xxxxxxxx the organization xxxxx to function xxxxxxx & xxxxxxxxxx xxxxx Ausaf xxxx this objective xx convince his xxxxxxxx of xxx xxxxxxxx to xxxxxx.....
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