Describe the corporate governance plan of the organization

Reference no: EM131581283

Assignment: Asset Misappropriation and Corporate Governance

For this assignment, use the Internet or Strayer databases to research and identify an organization that was a victim of asset misappropriation.

Write a five to six page paper in which you:

1. Based on your research, evaluate the type of asset misappropriations that occurred at the organization, and assess the factors that contributed to the misappropriation. Give your opinion on whether poor management or lack of management played a role in the asset misappropriation. Provide support for your rationale.

2. Evaluate the legal mechanisms that could have been used to recover assets through the civil and criminal justice systems. Assess whether the civil and criminal justice systems did an effective job in recovering the organization's assets. Provide support for your rationale.

3. Assess management's responsibility to share information related to the breach with various stakeholder groups, indicating what should be shared and how. Provide support for your rationale.

4. Review AICPA Statements on Auditing Standard (SAS) No. 99, "Risk Factors Relating to Misstatements Arising from Misappropriation of Assets", found within the text. Assess SAS 99 risk factors and discuss if the risk factors were prevalent in the organization you researched. Give your opinion on whether or not organizations should implement a plan that reviews risk factors on a regular basis to determine if fraud has occurred. Explain why or why not.

5. Review the corporate governance plan of the organization you researched, evaluate the effectiveness of the plan, and make suggestions for improvements to protect the stakeholders. Provide support for your rationale.

6. Recommend a fraud prevention plan for this organization. Determine what positive or negative consequences this fraud prevention plan might have on employees' morale and the public perception of the organization.

7. Use at least four 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:

• Examine the basic concepts related to fraud, including environment, impact, and the methodologies related to fraud examination.

• Analyze the theories related to crime causation, the essence of crime, organizational environment conducive to crime, and ethical issues related to fraud.

• Examine the human factors related to corruption and how understanding these factors can facilitate the fraud prevention and deterrence process.

• Use technology and information resources to research issues in forensic accounting.

• Write clearly and concisely about forensic accounting issues using proper writing mechanics.

Reference no: EM131581283

Questions Cloud

Corporation recently reported sales and net income : Kenney Corporation recently reported sales of $100 million and net income of $5 million. The company paid dividends of $2 million.

Determining required rate of return for evaluating projects : Next, analyze the main factors that an organization should consider in determining the required rate of return for evaluating projects in global markets

Infants crawling and beginning to walk hazard : Infants crawling and beginning to walk Hazard: may choke on small objects and some foods

Calculate the depreciation schedule using five-year life : Calculate the depreciation schedule using a five-year life, straight-line depreciation, and the half-year convention for the first and last years.

Describe the corporate governance plan of the organization : Describe the corporate governance plan of the organization you researched. Recommend a fraud prevention plan for this organization.

Calculate the restaurant net present value : Use Excel or a similar spreadsheet application to calculate the restaurant's internal rate of return over the franchise's 15-year life

Downloading a coupon-shopping program : She tells you that it was working yesterday, and that she was on the web updating her Facebook page and then downloading a coupon-shopping program.

Money will be in the account at the end of that time period : How much money will be in the account at the end of that time period?

What is the price-earnings ratio and dividends per share : Makers Corp. had additions to retained earnings for the year just ended of $205,000. What are dividends per share? What is the price-earnings ratio?

User Account

All Pages