Preventative control and detective control

Assignment Help Business Management
Reference no: EM133148878

Those working in auditing, forensic accounting, and law enforcement regularly uncover irregularities in record keeping and documentation. Sometimes, these elements are clues that ultimately lead to the exposure of a variety of financial crimes and fraud schemes. Using the Internet or Strayer Library, locate an example of financial fraud that has occurred within the last three years. Share the article or link that you've located in your discussion response.

Summarize the basic elements of the financial fraud case you've selected. Identify the key areas or weaknesses that the perpetrators exploited to commit the fraud.

Identify two internal controls-?one preventative control and one detective control-?that would quickly prevent or uncover a similar fraud.

Reference no: EM133148878

Questions Cloud

Explain the items reported in retained earnings : Identify characteristics of corporations and their organization. Explain the items reported in retained earnings.
Compare the job order and process costing methods : Compare the job order and process costing methods, and explain how each of these can be applied to the company.
Identify responsibilities of that elective federal office : Identify responsibilities of that elective federal office. How does that elective federal office contribute to the function of the U.S. government?
Analysis of cash flow for small business : Did the bookkeeper correctly record the client's deposit? What would you do as controller for the firm? Did the bookkeeper correctly record the client's deposit
Preventative control and detective control : Identify two internal controls-?one preventative control and one detective control-?that would quickly prevent or uncover a similar fraud.
Create flowchart to depict the role : Create a flowchart to depict the role that each plays in a healthcare organization. Be sure to be creative but demonstrate the significance of each source.
Discuss benefits of establishing solid financial acumen : Discuss the benefits of establishing solid financial acumen in a company? Discuss your personal experiences in a situation where financial acumen
Discussion targeting business ethics in public domain : The turmoil in the world's financial system and near collapse of the banking system has created a discussion targeting business ethics in the public domain.
Accounting information systems : The other employees have very limited technology skills, and the firm has no formal system for creating or recording purchases

Reviews

Write a Review

Business Management Questions & Answers

  What is the company stock required return

Field Industries' outstanding bond has a 15- year maturity and $1,000 par value. Its nominal yield to maturity (YTM) is 5.19%, it pays interest semiannually, an

  Description of employee motivation

The supervisor approaches you for advice. Articulate on how the supervisor can help the employee-Please discuss employee motivation, employee satisfaction, retention and productivity in the health care organization.

  Theories of systems thinking and agile management

Assess how the theories of systems thinking and agile management enhance the POLC, so that an organization is more effective in a business environment

  Case studies in tort law

We've explored tort law and its application to the legal environment in which business operates.

  What decisions-making do managers at different levels make

What decisions-making do managers at different levels make?

  Indigenous condition that must be met by international

1.Which of the following has had the most impact on job loss in the U.S.?

  Impact of cash flow forecasting in hospitals

What are the impact of cash flow forecasting in hospitals based on utilization, physician competition, technology, cost of providing care

  Should you invest in the molson coors company

Should you invest in the Molson Coors Company and why? Where does the company fall on the Stuart Hart's Matrix?

  How management expects technology to improve business

Show how companies' current technology is meeting or not meeting business needs - Business Technology

  Managing workplace conflict and resolution

LIRN-based research, and the Internet, apply the learning outcomes of Managing Workplace Conflict and Resolution course concepts

  Identify the different management levels

Identify the different management levels in which they are working.

  Education and economic development

Q. Explain the link between education and economic development found by Easterlin. Does higher education for the elite or basic education for the masses have a larger impact on development?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd