Read the case study: Ethics Case Study: KPMG Faces Indictment Over Abusive Tax Shelters Writter: Dennis Elam,
Question:
Read the case study: Ethics Case Study: KPMG Faces Indictment Over Abusive Tax Shelters
Writter: Dennis Elam, Texas A & M University Kingsville, USA
1: Develop a document that identifies why separation of duties is important in a business of your choice (e.g., retailer, movie theater, bank, fast-food restaurant). Create a graphic organizer or visual representation that you could share with colleagues to explain precisely how duties should be separated. Write a narrative that explains your visual document.
2: Interview the manager of a retail establishment. Ask the manager to explain the internal controls over both cash and inventory for the business. Be sure to consider that management overriding is a major problem. Report on the cash and inventory controls that this business has in place and evaluate any holes or vulnerabilities. Write a paper of approximately 750–1,000 words that summarizes the interview.
3: Write a research paper of approximately 750–1,000 words that addresses the following: An explanation of the Sarbanes-Oxley Act The responsibilities of senior management and directors with regard to preparing and reporting the financial information of a company The importance of safeguarding assets, providing reliable data, and promoting operational efficiencies in relation to the act
Ethical Obligations and Decision Making in Accounting Text and Cases
ISBN: 978-1259969461
5th edition
Authors: Steven M. Mintz, Roselyn E. Morris