Strayer ACC 564 Week 2 Discussion 1 and 2

Discussion 1

• Assess the risks and unintended consequences associated with the lack of narratives, flowcharts, diagrams, and other written documentation that explains how a system works. Provide specific examples to support your response.
• Give an example of a situation that would underscore the importance of using the right tools and resources for proper system documentation. Provide specific examples to support your response.

Discussion 2

• From the e-Activity, assess the types of “creative accounting” techniques that were used in the case and the direct and indirect financial consequences of the fraud.
• From the e-Activity, suggest the type of “red flags” management should have been aware of when the fraud was taking place and the corrective action that should have been taken. Provide specific examples to support your response.