ACC 564 Week 7 Assignment 3 – Strayer
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Assignment 3:
Fraud in the AIS
Due
Week 7 and worth 280 points
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.
The
specific course learning outcomes associated with this assignment are:
- Analyze the business activities that comprise an accounting
information system to determine the information needs to support
decision-making function.
·
Use
technology and information resources to research issues in accounting
information systems.
- Write
clearly and concisely about accounting information systems using proper
writing mechanics.
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