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

Answer rating: 100% (QA)

1 Separation of duties is a term that is used to describe a concept whereby a single task is accomplished by different individuals who perform different process which are associated with the same task ... View the full answer