ACC 564 Assignment 3 Fraud in the Accounting Information System
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ACC 564 Assignment 3 Fraud in the Accounting Information System
For this assignment, research the Internet or Strayer databases
to locate a firm that was involved in a fraud and / or embezzlement case.
Explain how the firm’s accounting information system (i.e.,
components and functions) contributed to the fraud and / or embezzlement. You
will need to focus on how each component / function of the accounting
information system failed, which resulted in the scandal / case.
Write a ten to twelve (10-12) page paper in which you:
Based on the information you researched, assess the failure of
the firm’s accounting information system to prevent the related fraud /
embezzlement.
Imagine that the company that you researched uses a third-party
accounting system. Evaluate the effectiveness of the firm’s stakeholder in the
event that a third-party accounting system suffers a breach. Include an
assessment of the level of responsibility of the software provider to the
business and its clients. Provide support for your rationale.
Determine what advances in accounting and / or information
technology could have prevented the event from occurring. Provide support for
your argument.
Evaluate what changes should be made to both the Sarbanes-Oxley
Act of 2002 and other current laws in order to make them more effective in
deterring companies from committing crimes.
Recommend a strategy that the company you indicated may use to
prevent future business information failures. Indicate how the company should
approach the implementation of your recommended strategy. Provide support for
your recommendation.
Use at least three (3) quality resources in this assignment.
Note: Wikipedia and similar Websites do not qualify as quality resources.
Your assignment must follow these formatting requirements:
Be typed, double spaced, using Times New Roman font (size 12),
with one-inch margins on all sides; citations and references must follow APA or
school-specific format. Check with your professor for any additional
instructions.
Include a cover page containing the title of the assignment, the
student’s name, the professor’s name, the course title, and the date. The cover
page and the reference page are not included in the required assignment page
length.
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