ACC 564 WEEK 7 ASSIGNMENT 3
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Fraud in the Accounting Information System
For this assignment, research the Internet or
Strayer databases to locate a firm that was involved in a fraud and / or
embezzlement case.
Explain how the firm’s accounting information
system (i.e., components and functions) contributed to the fraud and / or
embezzlement. You will need to focus on how each component / function of the
accounting information system failed, which resulted in the scandal / case.
Write a ten to twelve (10-12) page paper in
which you:
- Based on the information you researched, assess the
failure of the firm’s accounting information system to prevent the related
fraud / embezzlement.
- Imagine that the company that you researched uses a
third-party accounting system. Evaluate the effectiveness of the firm’s
stakeholder in the event that a third-party accounting system suffers a
breach. Include an assessment of the level of responsibility of the
software provider to the business and its clients. Provide support for
your rationale.
- Determine what advances in accounting and / or
information technology could have prevented the event from occurring.
Provide support for your argument.
- Evaluate what changes should be made to both the Sarbanes-Oxley
Act of 2002 and other current laws in order to make them more effective in
deterring companies from committing crimes.
- Recommend a strategy that the company you indicated may
use to prevent future business information failures. Indicate how the company
should approach the implementation of your recommended strategy. Provide
support for your recommendation.
- 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:
- 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.
- 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.
The specific course learning outcomes
associated with this assignment are:
- Analyze the business activities that comprise an
accounting information system to determine the information needs to
support decision-making function.
- Use technology and information resources to research
issues in accounting information systems.
- Write clearly and concisely about accounting
information systems using proper writing mechanics.
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