You have been hired by the Securities and Exchange Commission (SEC) as a fraud prevention and...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
You have been hired by the Securities and Exchange Commission (SEC) as a fraud prevention and detection expert. The position you were hired for is to provide training to SEC employees on lessons leamed from financial statement fraud. Using the Internet or Strayer databases, research at least two major fraud cases that were a result of financial statement fraud. Write a four to six (4-6) page paper in which you: 1. Assess the culture of the organizations that you researched, analyzing the corporate culture or "tone at the top". 2. Assess the causes of the financial statement fraud(s) and the effectiveness of fraud prevention and detection at those companies based on the research you conducted. Provide support for your assessment. 3. Propose what could / should have been implemented in those companies that would have prevented or detected the fraud, indicating who should have been responsible for the implementation. Provide support for your proposal. 4. Explore the roles and responsibilities at these companies and assess if that contributed to the fraud, indicating how these roles should be changed to prevent future fraudulent activity. Provide support for your rationale. 5. Evaluate the effectiveness of SEC regulation and requirements, indicating improvements needed to detect fraud in the future. Provide support for your recommendations. 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: O 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. O 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. You have been hired by the Securities and Exchange Commission (SEC) as a fraud prevention and detection expert. The position you were hired for is to provide training to SEC employees on lessons leamed from financial statement fraud. Using the Internet or Strayer databases, research at least two major fraud cases that were a result of financial statement fraud. Write a four to six (4-6) page paper in which you: 1. Assess the culture of the organizations that you researched, analyzing the corporate culture or "tone at the top". 2. Assess the causes of the financial statement fraud(s) and the effectiveness of fraud prevention and detection at those companies based on the research you conducted. Provide support for your assessment. 3. Propose what could / should have been implemented in those companies that would have prevented or detected the fraud, indicating who should have been responsible for the implementation. Provide support for your proposal. 4. Explore the roles and responsibilities at these companies and assess if that contributed to the fraud, indicating how these roles should be changed to prevent future fraudulent activity. Provide support for your rationale. 5. Evaluate the effectiveness of SEC regulation and requirements, indicating improvements needed to detect fraud in the future. Provide support for your recommendations. 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: O 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. O 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.
Expert Answer:
Answer rating: 100% (QA)
Securities and Exchange Commission is set up in United States The main objective of this commission ... View the full answer
Related Book For
Project management the managerial process
ISBN: 978-0073403342
5th edition
Authors: Eric W Larson, Clifford F. Gray
Posted Date:
Students also viewed these accounting questions
-
Why is it important to assess the culture of an organization before deciding what project management structure should be used to complete a project?
-
In a research study conducted to assess how companies view their long term economic prospects, representatives from 50 large companies, 100 midsized companies, and 200 small companies were contacted...
-
Research a fraud scheme such as embezzlement corruption or financial statement fraud Submit a paper that addresses the following 1. Explain the difference between litigating the fraud case in civil...
-
Consider the following. (a) Find aw s aw at (b) Find aw s w at w = x cos(yz), x = s, y = t, z =s - 2t aw aw by using the appropriate Chain Rule. (Enter your answers in terms of s and t.) s at aw s...
-
a. Explain the cost- of- carry model with dollar dividends in your own words. b. Justify why the spot price considered in the model is net of the present value of all future dividends paid over the...
-
For each of the following statements provide an indirect proof [as in part (2) of Theorem 2.4] by stating and proving the contrapositive of the given statement. (a) For all integers k and l, if kl is...
-
In this chapter, we explored Balinese cockfighting and Spanish bullfighting as examples of deep play. We noted that in the United States, sports like football might be examples of deep play. However,...
-
Vigeland Company completed the following transactions during 2011. The annual accounting period ends December 31, 2011. Jan. 15 Purchased and paid for merchandise for resale at an invoice cost of...
-
What is different about the cells that make up the outermost layer of the skin when compared to these epidermal cells? Compare the structure of the dermis to the epidermis. What structures are found...
-
a. Use the CAPM to compute the required rate of return on common equity capital for Starbucks. b. Using your projected financial statements from Case 10.1 for Starbucks, begin with projected net cash...
-
Suppose a friend of yours approaches you and offers to give you $110 in a years period if you agree to give him $100 now. Assume that you are absolutely certain that you will be repaid. What is your...
-
A wheel of diameter 5.0 cm has a 3.0 m cord wrapped around its periphery. Starting from rest, the wheel is given a constant angular acceleration of 1.0 rad/s?. How long does it take for the cord to...
-
What can you do to improve your emotional intelligence skills? List three goals/strategies you can implement to improve your emotional intelligence skills. Do you think EQ predicts more career...
-
Korkdam Breweries Limited (KBL), a major beer manufacturer takes prides in its excellent performance. Tracking performance from plant to the warehouse, the Managing Director; Jack Singaro was pleased...
-
Production has indicated that they can produce widgets at a cost of $4.00 each if they lease new equipment at a cost of $10,000. Marketing has estimated the number of units they can sell at a number...
-
(1) How do the companies create an OHS Workplace culture? (2) What are the 5 categories of injuries? Explain each of them briefly. (3) What is the main purpose of accident report? What are some of...
-
On October 1 , ABC purchases 1 0 0 units of inventory from XYZ for $ 1 0 0 per unit. These units had a cost of $ 6 0 / unit for XYZ . The terms of the sale are 1 / 1 5 n / 4 5 . On October 5 , ABC...
-
Michelles trust is subject to 3.8% surtax on the lesser of the trusts net investment income or the excess of the trusts adjusted gross income over the $12,400 threshold (the highest trust tax rate)....
-
What are the major types of costs? Which costs are controllable by the project manager?
-
What is culture shock? What can you do to reduce the negative effects of culture shock?
-
1. Critique Briggss management of the first meeting. What, if anything, should she have done differently? 2. What barriers is she likely to encounter in completing this project? 3. What can she do to...
-
An orthotropic lamina forms one layer of a laminate which is initially at temperature \(T_{0}\). Assuming that the lamina is initially stress free, that the adjacent laminae are rigid, that the...
-
A carbon/epoxy lamina is clamped between rigid plates in a mold (Figure 5.17), while curing at a temperature of \(125^{\circ} \mathrm{C}\). After curing, the lamina/mold assembly (still clamped...
-
Samples of unidirectional Kevlar 49/epoxy and S-glass/epoxy composites are subjected to elevated temperatures in an oven and the resulting thermal strains are measured by using strain gages oriented...
Study smarter with the SolutionInn App