Categories
Business and Management : Accounting

Discuss how the fraud occurred as a result of the revenue, expenditure, or production cycle.

Discussion Topic: Accounting frauds within the revenue, expenditure, and production cycle.
It is very easy to do a Web search and locate articles concerning accounting frauds as a result of misappropriating transactions using the revenue, expenditure, and/or production cycle(s).
Locate a recent (no more than 5 years) news article (see below) concerning a fraud using one of the aforementioned cycles of a company located within the vicinity of where you live. Post a link to the article (see below).
Discuss how the fraud occurred as a result of the revenue, expenditure, or production cycle.

Categories
Business and Management : Accounting

Assignment 2: PowerPoint Presentation The following Course Outcome is assessed i

Assignment 2: PowerPoint Presentation
The following Course Outcome is assessed in this assignment:
Assignment : Assess the variability of how fraud is adjudicated in the criminal justice system.
Submit a 6- to 8-slide PowerPoint presentation that summarizes the main points of the case, “Paradise Lost” applying pertinent concepts discussed in the assigned textbook reading.
Case Assignment: Read the assigned case for the week, submit the completed PowerPoint presentation (with additional title slide, summary, and reference slides) of the main points of the case and applicability to the concepts discussed in the assigned textbook reading.
Checklist:
Summarize the main points of the case.
Apply pertinent concepts from your unit reading.
Evaluate the variability of how fraud is adjudicated in the criminal justice system as determined in this case and using your reading and research.
Submit the 6- to 8-slide PowerPoint presentation with an additional title slide, summary, and reference slides. Use 24-point Arial for your presentation putting any additional notes below each slide in the notes section. Use 7th edition APA for all citations and accompanying references. Check that your spelling and grammar are correct.
Concepts covered in class:
Chapter 13: “External Fraud Schemes”
Chapter 14: “Fraud Risk Assessment”

Categories
Business and Management : Accounting

Assignment 1: Fraud Risk Assessment Briefly discuss what a fraud risk assessment

Assignment 1: Fraud Risk Assessment
Briefly discuss what a fraud risk assessment is. Why should a company be interested in fraud risk assessment? How can you ensure you have designed a good fraud risk assessment?
The essay should be a minimum of 2 pages, double-spaced. The essay will follow the 7th edition APA formatting standards with additional title and reference pages. Check for correct spelling, grammar, punctuation, mechanics, and usage. Your paper should follow the current APA format and style for all citations and accompanying references.
Address the following checklist items in your paper.
Checklist:
Briefly discuss what a fraud risk assessment is.
Explain why a company should be interested in fraud risk assessment.
Explain how you can ensure you have designed a good fraud risk assessment.

Categories
Business and Management : Accounting

Discussion Topic: Audit Failures The purpose of the audit is to provide assuranc

Discussion Topic: Audit Failures
The purpose of the audit is to provide assurance as to the accuracy of financial statements. Situations such as the Enron collapse, which were largely due to the failure of an auditor to detect fraud and even concealed it, led to significant public unrest and market failure. Please feel free to find more articles on your topic.
Topic: GE (General Electric) CO. Accounting Scandal
Article: https://www.cbsnews.com/news/general-electric-accounting-fraud-bigger-than-enron-alleged-by-madoff-whistleblower/
1)    Discuss the above article involving audit failure and how it led to public unrest.
2)    Also, when evaluating the article referenced, discuss how audit testing should have uncovered audit failure.