ACC 562 WEEK 7 ASSIGNMENT 3 F&C INTERNATIONAL
Follow below link to get this tutorial:
Contact us at:
ACC 562 WEEK 7 ASSIGNMENT 3 F&C
INTERNATIONAL
Read the case study titled “F&C
International” prior to doing this assignment.
Write a five to six (5-6) page paper in which
you:
1.
Over time, there has
been significant legislation passed, such as Sarbanes-Oxley, yet corporate
fraud is still pervasive in today’s business environment. Suggest three (3) new
ways that you believe will eradicate corporate fraud.
2.
In the F&C case,
inventory manipulation was used to enact the fraud. Discuss the proper internal
controls needed over inventory and how these controls will act as a deterrent
to fraudulent activities.
3.
For a moment, step
into the shoes of Catherine Sprauer at F&C International. Indicate what you
would have done following each of the confrontations she had with the two
employees who insisted that F&C executives were involved in a fraudulent
scheme to misrepresent the company’s financial statements.
4.
Discuss how accounting
firms should modify their audit procedures to ensure the risk of financial
fraud is minimized.
5.
Discuss how the
Securities and Exchange Commission (SEC) continues to fail to detect fraudulent
activities in publically traded companies. Suggest a recommendation for improvement.
6.
Evaluate whether
legislation and regulatory agency oversight will increase or decrease corporate
fraud. Explain your position.
7.
Use at least three (3)
quality resources in this assignment.
No comments:
Post a Comment