Who might you need to speak with regarding the fraud

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Reference no: EM133831585

Assignment: Hypothesis Development & Investigation Planning

Overview

Forensic accounting has been identified as the fastest growing area of accounting. Fraud examiners must understand the legal aspects of fraud and what constitutes fraud. To be successful in this industry, they must be able to determine why people commit fraud and how to prevent it from happening. Through this analytical process, examiners may then provide organizations with recommendations for improving their internal controls, thus preventing further financial losses and additional harm to their reputations.

For Milestone, you will submit your hypothesis development and investigation plan for your company. Consider potential frauds and perpetrators in your company, how the fraud could be investigated, regulatory issues, and any other fraud risk inquiries required. Once you have developed your fraud hypothesis, propose an investigation plan. Describe the process of how you would investigate the potential fraud and all of the factors that must be considered for carrying out the investigation.

Prompt

Develop a fraud hypothesis for your case and a plan for investigating the fraud.

Specifically, the following critical elements must be addressed:

I. Hypothesis Development

A. What frauds could occur in the environment you researched? How are these related to the specific company, the industry, and the economic conditions as a whole?

B. Of all of the employees mentioned, who would have incentives or opportunities to commit fraud? Why? Get the instant assignment help.

C. Which of the employees who had the incentive or opportunity to commit fraud is in a position to cause the financial anomalies found? Explain why.

II. Investigation Planning

A. Describe the process of how could you investigate the potential fraud and the appropriate steps to complete the process.

B. What documents might you need? Who might you need to speak with regarding the fraud? Support your responses.

C. Illustrate how regulatory issues such as Sarbanes-Oxley or SAS No. 99 would impact the investigation.

D. What other fraud risk inquiries are needed to investigate the suspected fraud? What steps would need to be taken to address these risk inquiries?

Reference no: EM133831585

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