Fraud in the AIS
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FraudintheAIS.docxAssignment 3 is due this week. Your fraud case should be within three years. Do not use Enron and WorldCom, those old cases. Please use a current case within three years.
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 embezzlement case.
Explain how the firm’s accounting information system (i.e., components and functions) contributed to the fraud and 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:
1. Based on the information you researched, assess the failure of the firm’s accounting information system to prevent the related fraud/embezzlement.
2. Imagine that the company that you researched uses a third-party accounting system. Evaluate the effectiveness of the firm’s stakeholder if 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.
3. Determine what advances in accounting and information technology could have prevented the event from occurring. Provide support for your argument.
4. Evaluate what changes should be made to both the Sarbanes-Oxley Act of 2002 and other current laws to make them more effective in deterring companies from committing crimes.
5. 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 a 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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Measured Item |
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Thoroughly assessed the failure of the firm’s accounting information system to prevent the related fraud / embezzlement |
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Identify a fraud in a firm, within the past three years |
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assessed the failure of the AIS system to prevent the fraud / embezzlement |
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Support your assertion with a scholarly article with proper APA in-text citation |
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First article |
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Second article |
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Thoroughly evaluated the effectiveness of the firm’s stakeholder in the event that a third-party accounting system suffers a breach, imagining that the company you researched uses a third-party accounting system. Thoroughly included an assessment of the level of responsibility of the software provider to the business and its clients. Thoroughly provided support for your rationale. |
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Evaluated the effectiveness of the firm’s stakeholder in the event that a third-party accounting system suffers a breach |
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The level of responsibility of the software provider to the business and its clients |
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Support your assertion with a scholarly article with proper APA in-text citation |
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First article |
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Second article |
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Thoroughly determined what advances in accounting and / or information technology could have prevented the event from occurring. Thoroughly provided support for your argument. |
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Determined advances in accounting and / or information technology could have prevented the fraud / embezzlement |
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Any new innovation that was not in place, but, could have been helpful |
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Support your assertion with a scholarly article with proper APA in-text citation |
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First article |
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Second article |
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Thoroughly evaluated 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 |
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Stated the Sarbanes-Oxley Act of 2002 section that deals with fraud prevention |
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Explained the stated Sarbanes-Oxley Act of 2002, the section that deals with fraud prevention |
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Detection and prevention legislation to prevent fraud and embezzlement |
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Detection and prevention legislation to prevent other crimes and protection of stakeholders interest |
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Support your assertion with a scholarly article with proper APA in-text citation |
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First article |
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Second article |
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Thoroughly recommended a strategy that the company you indicated may use to prevent future business information failures. Thoroughly indicated how the company should approach the implementation of your recommended strategy. Thoroughly provided support for your recommendation. |
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Recommended a strategy that the company you indicated may use to prevent future business information failures. |
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First recommendation |
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Second recommendation |
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Third recommendation |
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Indicated how the company should approach the implementation of your recommended strategy |
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Each recommendation supported by scholarly article with proper APA in-text citation |
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First article |
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Second article |
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Third article |
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Exceeds five articles; all references are high-quality choices. |
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APA Format & Citation ( 0-3 errors present-Grammar & punctuations) |
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Save the file as Lastname_Firstname_Assignment 3.docx |
