Reference no: EM132521050 , Length: 6

Write a five to six (5-6) page paper in which you:

Question 1: Evaluate the level of SOX regulations that applies to for-profit and not-for-profit health care organizations, indicating whether or not mandating SOX requirements for non-profits might reduce fraud and increase corporate governance. Provide support for your rationale.

Question 2: Determine whether SOX has been effective in regulating ethical behavior of for-profit health care organizations. Defend your position.

Question 3: Review the audit report issued by the external auditing firm from the company's Website for the year it was accused of fraud. Then, determine whether the external auditors were negligent in preparing the audit report for the company. Formulate an opinion regarding which Internal Control was deficient or what GAAP was violated. Defend your position.

Question 4: Determine what provision(s) of SOX was / were violated in the health care fraud case in question. Indicate whether or not SOX adequately provides sanctions to deter the behavior or if changes are needed to the regulations to remedy the issue(s) and thus ensure compliance.

Question 5: Based on the fraudulent activity that occurred, recommend two (2) improvements to the internal control environment to reduce those occurrences. Provide detailed recommendations.

• Use at least four (4) quality academic resources in this assignment.

The specific course learning outcomes associated with this assignment are:

Question 6: Evaluate internal controls within an organization and create a risk assessment.

Question 7: Analyze ethical theories to evaluate a decision-making process to determine compliance with professional codes of ethics.

Question 8: Evaluate the health of organizations to assess the level of risk in an audit engagement.

Question 9: Evaluate financial data for potential fraud and prepare an audit approach for detecting fraud.