ACCT100 Strayer University Week 4 Fraud Prevention Discussion
Part 1: Post a Response
View this short introduction to the discussion.
Save your time - order a paper!
Get your paper written from scratch within the tight deadline. Our service is a reliable solution to all your troubles. Place an order on any task and we will take care of it. You won’t have to worry about the quality and deadlines
Order Paper NowClick here to watch the video
As discussed in the video introduction, accounting fraud in large public companies has produced its fair share of major news headlines over the past 20 years. Even though laws like Sarbanes Oxley have been put in place to minimize the opportunity for financial fraud, the threat is still real in today’s corporate environment.
Imagine you have been hired to oversee the financial audit of a major company in your city. During the audit, one of the company’s employees has disclosed a potential fraud situation involving an accounting department supervisor.
- In addition to alerting your own manager about the situation, which one of the following options below would you choose to perform next as you proceed with your investigation? Only choose one.
- Option A: Gather additional information by interviewing other company employees.
- Option B: Meet with other members of the management team to discuss the company’s current internal controls for preventing fraud.
- Why do you feel your choice would be most effective?
- Discuss the reasoning for your selection.
Part 2: Respond to a Peer
Read a post by one of your peers and respond, making sure to extend the conversation by asking questions, offering rich ideas, or sharing personal connections.
Reference Articles
Biggest Corporate Scandals 2015
U.S. Charges Penn West Petroleum, Ex-Executives With Accounting Fraud
