Reference no: EM131263015

The accounting and auditing professions are impacted by a number of regulatory and professional bodies. These include the Public Company Accounting Oversight Board (PCAOB) created by the Sarbanes Oxley Act of 2002; the Securities and Exchange Commission (SEC); the Financial Accounting Standards Board (FASB); the Governmental Accounting Standards Board (GASB); the American Institute of Certified Public Accountants (AICPA); and the Institute of Internal Auditors (IIA), to name a few. Since the enactment of SOX the environment for the accounting profession has grown much more complex than it was and the penalties for lack of compliance have become heavier.

Without identifying the name of your company, discuss how your company works to comply with the legal and ethical rules that abound when dealing with accounting and auditing issues. Additionally, ARGUE why it is important for all managers and leaders to be well informed about occupational fraud. GIVE specific facts that support your argument about the importance of this topic, including examples of the types of fraud that your organization may be susceptible to. Finally, DISCUSS the benefits that the company will receive because of your increased knowledge and how this would help you grow as a professional. If you do not work for a publicly traded company or a company that voluntarily complies, you may research a company on the internet and speak from a hypothetical point of view.

Your posting should be 350-400 words and should use the APA format for citations and references.

Support your answer using a minimum of two professional or academic sources.

You can use "forensic accounting and fraud examination" this is the course book name. This question for discussion, please I hope I will get the perfect answer. With reference