Financial Statement Fraud

Assignment

_Financial Statement Fraud

Due

February 01

, 2019

-

18:00 hrs

E

S

T

/ 6:00pm

E

S

T

Scenario

-

You

have been hired by the Securities and Exchange Commission (SEC) as

fraud

prevention

and detection expert. The position

you

were hired

for is to provide training to SEC employees on lessons

learned from financial statement fraud.

Using the

Internet

, research

;

HealthSouth, Inc, and Waste Management, Inc

,

fraud

scandals

which

were

a result of financial statement fraud.

Write a five to

seven (5

-

7) page paper in which you:

1.

Assess the culture of the organizations that

you

researched, analyzing the corporate culture or

“

tone at the top

.”

2.

Assess the causes of the financial statement fraud(s) and the effectiveness of fraud prevention

and de

tection at those companies based on the research you conducted. Provide support for

your

assessment.

3.

Propose what could / should have been implemented in those companies that would have

prevented or detected the fraud, indicating who should have been res

ponsible for the

implementation. Provide support for

your

proposal.

4.

Explore the roles and responsibilities

of

these companies and assess if that contributed to the

fraud, indicating how these roles should be changed to prevent future fraudulent activity.

Provide

support for

your

rationale.

5.

Evaluate the effectiveness of SEC regulation and requirements, indicating improvements needed

to detect fraud in the future. Provide support for

your

recommendations.

6.

Use at least four (4) quality resources in this ass

ignment.

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 1” margins on all sides;

citations and

references must follow APA

·

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:

·

Create an approach to implementing a fraud detection pla

n

.

·

Research and analyze the impact of fraud on financial reporting within a corporation

.

·

Use technology and information resources to research issues in

fraud prevention and detection.

·

Write clearly and concisely about fraud prevention and detection usin

g proper writing mechanics

.

Assignment_Financial Statement Fraud

Due February 01, 2019 - 18:00 hrs EST / 6:00pm EST

Scenario - You have been hired by the Securities and Exchange Commission (SEC) as fraud prevention

and detection expert. The position you were hired for is to provide training to SEC employees on lessons

learned from financial statement fraud.

Using the Internet, research; HealthSouth, Inc, and Waste Management, Inc, fraud scandals which were

a result of financial statement fraud.

Write a five to seven (5-7) page paper in which you:

1. Assess the culture of the organizations that you researched, analyzing the corporate culture or

“tone at the top.”

2. Assess the causes of the financial statement fraud(s) and the effectiveness of fraud prevention

and detection at those companies based on the research you conducted. Provide support for your

assessment.

3. Propose what could / should have been implemented in those companies that would have

prevented or detected the fraud, indicating who should have been responsible for the

implementation. Provide support for your proposal.

4. Explore the roles and responsibilities of these companies and assess if that contributed to the

fraud, indicating how these roles should be changed to prevent future fraudulent activity. Provide

support for your rationale.

5. Evaluate the effectiveness of SEC regulation and requirements, indicating improvements needed

to detect fraud in the future. Provide support for your recommendations.

6. Use at least four (4) 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 1” margins on all sides;

citations and references must follow APA

 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:

 Create an approach to implementing a fraud detection plan.

 Research and analyze the impact of fraud on financial reporting within a corporation.

 Use technology and information resources to research issues in fraud prevention and detection.

 Write clearly and concisely about fraud prevention and detection using proper writing mechanics.