ACC571
Preview: ACC571 : Forensic Accounting
Course Guide
Prerequisites
Course Description
Instructional Materials
ACC562 (Advanced Auditing)
This course provides a framework for understanding forensic accounting. Topics covered include
various foundation areas of importance to the forensic accountant, the basic forensic accounting tool-
oriented areas, and practice areas relevant to forensic accounting.
Required Resources
Mary-Jo Kranacher. 2020. Forensic
Accounting
and
Fraud
Examination
(2nd ed.). John Wiley &
Sons.
Association of Certified Fraud Examiners. 2020. Career Center. http://www.acfe.com/career-center-
home.aspx
Alan Reinstein. 2002. Accounting Issues at Enron. The
CPA
Journal.
http://archives.cpajournal.com/2002/1202/features/f122002.htm
Kurt Eichenwald. February 10, 2002. Enron Buffed Image to a Shine Even as It Rotted From Within.
New
York
Times. http://large.stanford.edu/publications/coal/references/eichenwald1/
Jason Zweig. December 13, 2008. How Bernie Madoff Made Smart Folks Look Dumb. Wall
Street
Journal. http://www.democraticunderground.com/discuss/duboard.php?
az=view_all&address=389x4657532
NOTE: The links in this document do not function. Please refer to your course to view/
download linked content.
Liz Moyer. December 16, 2008. SEC to Probe Its Oversight of Madoff. Forbes.
http://www.forbes.com/2008/12/16/madoff-sec-probe-biz-wall_cx_lm_1216bizmadoff.html
Addison-Hewitt Associates. 2008. A Guide to the Sarbanes-Oxley Act of 2002.
http://www.soxlaw.com
Supplemental Resources
Association of Certified Fraud Examiners. 2020. What Does Fraud Mean to You?
http://www.acfe.com/vid.aspx?id=4295004653
Association of Certified Fraud Examiners. 2020. The CFE Credential. http://www.acfe.com/vid.aspx?
id=4294987613
Association of Certified Fraud Examiners. 2020. What Does a Fraudster Look Like?
http://www.acfe.com/vid.aspx?id=4295004650
Association of Certified Fraud Examiners. 2019. How White-Collar Criminals Differ From Other
Criminals. http://www.acfe.com/vid.aspx?id=4295005920
Association of Certified Fraud Examiners. 2019. Using Technology to Improve Fraud Detection and
Prevention. http://www.acfe.com/vid.aspx?id=4295001973
Association of Certified Fraud Examiners. 2017. Breaking Down Microexpressions During
Interviews. http://www.acfe.com/vid.aspx?id=4294998312
Association of Certified Fraud Examiners. 2016. Inside the Mind of a Fraudster.
http://www.acfe.com/vid.aspx?id=4294996581
Y. P. Astutie. 2013. Characteristics and Relevant Skills of the Forensic Accountant. Annual
International
Conference
on
Accounting
&
Finance, pp. 122–129.
Bill Carlino. 2010. Forensic Skills in High Demand. Accounting
Today, vol. 24, no. 6, p. 4
Mathew Loker. 2018. Conveniently Exposed: How the Convenience of the Internet Is Exposing You to
Identity Theft. Journal
of
Internet
Law, vol. 22, no. 2, pp. 3–7.
Suzanne Ogilby. 2014. What Do Involved Parties Want in a Forensic Accountant? Journal
of
Forensic
Studies
in
Accounting
&
Business, vol. 6, no. 1, pp. 85–108.
Teller Vision. 2018. Identity Fraud Soars in Number of Victims and Amount Stolen. Teller
Vision, no.
1488, pp. 1–2.
Teller Vision. 2019. Sophisticated Fraud Remains Rampant. Teller
Vision, no. 1503, p. 3.
Jim Zaiss. 2019. Identity Threat Assessment and Prediction. Journal
of
Consumer
Affairs, vol. 53,
no. 1, pp. 58–70.
Course Learning Outcomes
Weekly Course Schedule
Week 1 - To Do List
Learn: Read Chapter 1, "Core Foundation Related to Forensic Accounting and Fraud
Examination."
Learn: Read the PowerPoint presentation and notes.
Discuss: Complete the discussion, Fraud and Abuse.
Week 2 - To Do List
Learn: Read Appendix 1, "Careers in Fraud Examination and Financial Forensics."
Learn: Read the PowerPoint presentation and notes.
Prepare: Review career paths for fraud examiners to prepare for this week's discussion.
Evaluate issues related to corporate fraud including detection, leadership, and
research.
1
Evaluate the financial and economic impact of fraud and fraud detection tools
within a given organization.
2
Recommend key practices for investigating and preventing fraud, based on a
given case.
3
Evaluate issues related to asset misappropriation, risk factors, corporate
governance, and fraud prevention within a given organization.
4
Week 2 - To Do List
Discuss: Complete the discussion, Educational Requirements and Professional Organizations for
Fraud Examinations and Financial Forensics.
Assignment: Complete the assignment, Corporate Fraud Schemes.
Week 3 - To Do List
Learn: Read Chapter 2, "Who Commits Fraud and Why: Criminology and Ethics."
Learn: Read the PowerPoint presentation and notes.
Prepare: Read articles about the Enron case to prepare for this week's discussion.
Discuss: Participate in the discussion, Theories of Crime Causation and Non-sharable Problems.
Week 4 - To Do List
Learn: Read Chapter 12, "Complex Frauds and Financial Crimes."
Learn: Read Chapter 13, "Cybercrime: Fraud in a Digital World."
Learn: Read the PowerPoint presentations and notes.
Prepare: Read articles about the Bernie Madoff case to prepare for this week's discussion.
Discuss: Participate in the discussion, Securities Fraud.
Week 4 - To Do List
Assignment: Complete the assignment, Cybercrimes and Computer Security Systems.
Week 5 - To Do List
Learn: Read Chapter 3, "Legal, Regulatory, and Professional Environment."
Learn: Read the PowerPoint presentation and notes.
Prepare: Read about the Sarbanes-Oxley Act of 2002 to prepare for this week's discussion.
Discuss: Complete the discussion, The Sarbanes-Oxley Act of 2002 and the Criminal Justice
System.
Week 6 - To Do List
Learn: Read Chapter 8, "Fraud Detection: Red Flags and Targeted Risk Assessment."
Learn: Read Chapter 9, "Evidence-Based Fraud Examinations."
Learn: Read the PowerPoint presentations and notes.
Discuss: Complete the discussion, Management Override, Collusion, and Earnings Management.
Week 7 - To Do List
Learn: Read Chapter 10, "Effective Interviewing and Interrogation."
Week 7 - To Do List
Learn: Read Chapter 11, "Using Information Technology for Fraud Examination and Financial
Forensics."
Learn: Read the PowerPoint presentations and notes.
Discuss: Complete the discussion, IT Systems Controls and Data Recovery.
Assignment: Complete the assignment, Fraud Schemes and Fraud Investigations.
Week 8 - To Do List
Learn: Read Chapter 4, "Cash Receipt Schemes and Other Asset Misappropriations."
Learn: Read Chapter 5, "Cash Disbursement Schemes."
Learn: Read the PowerPoint presentations and notes.
Prepare: Identify and research a company that was a victim of expense reimbursement schemes or
multiple reimbursement schemes to prepare for this week's discussion.
Discuss: Complete the discussion, Sales Skimming and Cash Larceny.
Week 9 - To Do List
Learn: Read Chapter 6, "Corruption and the Human Factor."
Learn: Read Chapter 7, "Financial Statement Fraud."
Week 9 - To Do List
Learn: Read the PowerPoint presentations and notes.
Prepare: Use the Internet or Strayer University Library to identify and research a bribery scheme
involving a fraudster to prepare for this week's discussion.
Discuss: Complete the discussion, Financial Statement Fraud and Bribery.
Week 10 - To Do List
Learn: Read Chapter 15, "Consulting, Litigation Support, and Expert Witnesses: Damages,
Valuations, and Other Engagements."
Learn: Read Chapter 16, "Remediation and Litigation Advisory Services."
Learn: Read the PowerPoint presentations and notes.
Discuss: Complete the discussion, Commercial Damages, Liability, and Remediation Process.
Assignment: Complete the assignment, Asset Misappropriation and Corporate Governance.
Week 11 - To Do List
Discuss: Complete the discussion, The Role of the Forensic Accountant.
Grading Scale
Participation Total Points % of Grade
Discussion Participation 275 27.5%
Participation Total Points % of Grade
Assignment Total Points % of Grade
w02a1 - Corporate Fraud Schemes 150 15%
w04a1 - Cybercrimes and Computer Security Systems 180 18%
w07a1 - Fraud Schemes and Fraud Investigations 180 18%
w10a1 - Asset Misappropriation and Corporate Governance 215 21.5%
Totals 1000 100%
Final Course Grade
Points Percentage Grade
900 - 1000 90% - 100% A
800 - 899 80% - 89% B
700 - 799 70% - 79% C
0 - 699 69% and below F
Unique Course Features
Grading Scale Notation
Please consult the University Catalog and your academic advisor to determine the final grade needed
in this class to satisfy your specific degree conferral requirements.
Assignments
w02a1 - Corporate Fraud Schemes
Summary
Click the linked activity title to access this assignment.
Text
Overview
For this assignment, research the Internet or Strayer Library databases and identify an organization
that was involved in corporate fraud. You will assess how the fraud impacted the organization,
discuss how fraud can be detected, and evaluate the importance of teamwork and leadership in a
fraud investigation. You will also assess the role of research in fraud examinations and financial
forensics professions.
Instructions
Write a 3–4 page paper in which you:
1. Identify and assess the fraud that occurred in the organization and the impact it has had on the
corporation’s investors and creditors. Provide support for your rationale.
2. Suggest how a financial forensic investigation could have detected fraud in the organization.
Consider the risk factors, the elements of fraud, and the analysis of competing hypotheses.
3. Evaluate how teamwork and leadership are effective tools for financial forensic investigations.
Provide support for your evaluation.
4. Assess the role of research in fraud examinations and financial forensics professions. Give your
opinion on whether or not fraud examinations and financial forensics professions can have long-
term success without continuous research in the field. Provide support for your rationale.
5. Use at least three quality resources in this assignment. Note: Wikipedia and similar websites do
not qualify as quality resources.
This course requires the use of Strayer Writing Standards. For assistance and information, please
refer to the Strayer Writing Standards link in the left-hand menu of your course.
The specific course learning outcome associated with this assignment is:
Evaluate issues related to corporate fraud including detection, leadership, and research.
Scoring Guide
Identify and assess the fraud that occurred in
the organization and the impact it has had on
the corporation’s investors and creditors.
Provide support for your rationale. 20 %
Unacceptable
Did not submit or
incompletely identified
and assessed the
fraud that occurred in
the organization and
Needs Improvement
Partially identified and
assessed the fraud
that occurred in the
organization and the
impact it has had on
Competent
Satisfactorily
identified and
assessed the fraud
that occurred in the
organization and the
Exemplary
Thoroughly identified
and assessed the
fraud that occurred in
the organization and
the impact it has had
the impact it has had
on the corporation’s
investors and
creditors. Did not
submit or incompletely
provided support for
your rationale.
the corporation’s
investors and
creditors. Partially
provided support for
your rationale.
impact it has had on
the corporation’s
investors and
creditors.
Satisfactorily provided
support for your
rationale.
on the corporation’s
investors and
creditors. Thoroughly
provided support for
your rationale.
Suggest how a financial forensic investigation
could have detected fraud in the organization
that you researched. Consider the risk
factors, the elements of fraud, and the
analysis of competing hypotheses. 20 %
Unacceptable
Did not submit or
incompletely
suggested how a
financial forensic
investigation could
have detected fraud in
the organization that
you researched. Did
not submit or
incompletely
considered the risk
factors, the elements
of fraud, and the
analysis of competing
hypotheses.
Needs Improvement
Partially suggested
how a financial
forensic investigation
could have detected
fraud in the
organization that you
researched. Partially
considered the risk
factors, the elements
of fraud, and the
analysis of competing
hypotheses.
Competent
Satisfactorily
suggested how a
financial forensic
investigation could
have detected fraud in
the organization that
you researched.
Satisfactorily
considered the risk
factors, the elements
of fraud, and the
analysis of competing
hypotheses.
Exemplary
Thoroughly suggested
how a financial
forensic investigation
could have detected
fraud in the
organization that you
researched.
Thoroughly
considered the risk
factors, the elements
of fraud, and the
analysis of competing
hypotheses.
Evaluate how teamwork and leadership are
effective tools for financial forensic
investigations. Provide support for your
evaluation. 20 %
Unacceptable
Did not submit or
incompletely
evaluated how
teamwork and
leadership are
effective tools for
financial forensic
Needs Improvement
Partially evaluated
how teamwork and
leadership are
effective tools for
financial forensic
investigations.
Partially provided
Competent
Satisfactorily
evaluated how
teamwork and
leadership are
effective tools for
financial forensic
investigations.
Exemplary
Thoroughly evaluated
how teamwork and
leadership are
effective tools for
financial forensic
investigations.
Thoroughly provided
investigations. Did not
submit or incompletely
provided support for
your evaluation.
support for your
evaluation.
Satisfactorily provided
support for your
evaluation.
support for your
evaluation.
Assess the role of research in fraud
examinations and financial forensics
professions. Give your opinion on whether or
not fraud examinations and financial forensics
professions can have long-term success
without continuous research in the field.
Provide support for your rationale. 25 %
Unacceptable
Did not submit or
incompletely
assessed the role of
research in fraud
examinations and
financial forensics
professions. Did not
submit or incompletely
gave your opinion on
whether or not fraud
examinations and
financial forensics
professions can have
long-term success
without continuous
research in the field.
Did not submit or
incompletely provided
support for your
rationale.
Needs Improvement
Partially assessed the
role of research in
fraud examinations
and financial forensics
professions. Partially
gave your opinion on
whether or not fraud
examinations and
financial forensics
professions can have
long-term success
without continuous
research in the field.
Partially provided
support for your
rationale.
Competent
Satisfactorily
assessed the role of
research in fraud
examinations and
financial forensics
professions.
Satisfactorily gave
your opinion on
whether or not fraud
examinations and
financial forensics
professions can have
long-term success
without continuous
research in the field.
Satisfactorily provided
support for your
rationale.
Exemplary
Thoroughly assessed
the role of research in
fraud examinations
and financial forensics
professions.
Thoroughly gave your
opinion on whether or
not fraud
examinations and
financial forensics
professions can have
long-term success
without continuous
research in the field.
Thoroughly provided
support for your
rationale.
Three references. 5 %
Unacceptable
No references
provided.
Needs Improvement
Does not meet the
required number of
references; some or
all references are
poor-quality choices.
Competent
Meets the number of
required references;
all references are
high-quality choices.
Exemplary
Exceeds the number
of required
references; all
references are high-
quality choices.
Clarity, writing mechanics, and formatting
requirements. 10 %
Unacceptable
More than 6 errors
present.
Needs Improvement
5–6 errors present.
Competent
3–4 errors present.
Exemplary
0–2 errors present.
w04a1 - Cybercrimes and Computer Security Systems
Summary
Click the linked activity title to access this assignment.
Text
Overview
With the advent of computers, cybercrime and Internet frauds are increasing in frequency and in size.
The trend is likely to continue. Cybercrimes are described as activities in which a computer or
network of computers are an integral part of a crime.
For this assignment, research the Internet or Strayer databases and identify an organization that was
a victim of cybercrime. You will assess the fraud and its impact, discuss how it could have been
detected, assess economic losses and recommend a plan to restore those losses, and discuss
accidental fraudsters and predators. You will also evaluate the roles of teamwork and leadership in
forensic investigations.
Instructions
Write a 4–5 page paper in which you:
1. Based on your research, identify and assess the fraud that occurred in the organization, as well as
the impact that the fraud had on the corporation’s investors and creditors.
2. Suggest how a financial forensic investigation could have detected fraud in the organization that
you researched. Consider the risk factors, the elements of fraud, and the analysis of competing
hypotheses.
3. Assess the economic losses that occurred at the organization you researched and recommend a
plan of action for the company to restore any economic losses.
4. Compare and contrast accidental fraudsters and predators. Give your opinion on what type of
fraudsters committed fraud at the organization you researched. Provide support for your
rationale.
5. Evaluate how teamwork and leadership are effective tools for financial forensic investigations.
Provide support for your evaluation.
6. Use at least three quality resources in this assignment. Note: Wikipedia and similar websites do
not qualify as quality resources.
This course requires the use of Strayer Writing Standards. For assistance and information, please
refer to the Strayer Writing Standards link in the left-hand menu of your course.
The specific course learning outcome associated with this assignment is:
Evaluate the financial and economic impact of fraud and fraud detection tools within a given
organization.
Scoring Guide
Based on your research, identify and assess
the fraud that occurred in the organization, as
well as the impact that the fraud had on the
corporation’s investors and creditors. 15 %
Unacceptable
Did not submit or
incompletely identified
and assessed the
fraud that occurred in
the organization, as
well as the impact that
the fraud had on the
corporation’s
investors and
creditors.
Needs Improvement
Partially identified and
assessed the fraud
that occurred in the
organization, as well
as the impact that the
fraud had on the
corporation’s
investors and
creditors.
Competent
Satisfactorily
identified and
assessed the fraud
that occurred in the
organization, as well
as the impact that the
fraud had on the
corporation’s
investors and
creditors.
Exemplary
Thoroughly identified
and assessed the
fraud that occurred in
the organization, as
well as the impact that
the fraud had on the
corporation’s
investors and
creditors.
Suggest how a financial forensic investigation
could have detected fraud in the organization
that you researched. Consider the risk
factors, the elements of fraud, and the
analysis of competing hypotheses. 15 %
Unacceptable
Did not submit or
incompletely
suggested how a
financial forensic
investigation could
have detected fraud in
the organization that
you researched. Did
Needs Improvement
Partially suggested
how a financial
forensic investigation
could have detected
fraud in the
organization that you
researched. Partially
considered the risk
Competent
Satisfactorily
suggested how a
financial forensic
investigation could
have detected fraud in
the organization that
you researched.
Satisfactorily
Exemplary
Thoroughly suggested
how a financial
forensic investigation
could have detected
fraud in the
organization that you
researched.
Thoroughly
not submit or
incompletely
considered the risk
factors, the elements
of fraud, and the
analysis of competing
hypotheses.
factors, the elements
of fraud, and the
analysis of competing
hypotheses.
considered the risk
factors, the elements
of fraud, and the
analysis of competing
hypotheses.
considered the risk
factors, the elements
of fraud, and the
analysis of competing
hypotheses.
Assess the economic losses that occurred at
the organization you researched and
recommend a plan of action for the company
to restore any economic losses. 20 %
Unacceptable
Did not submit or
incompletely
assessed the
economic losses that
occurred at the
organization you
researched. Did not
submit or incompletely
recommended a plan
of action for the
company to restore
any economic losses.
Needs Improvement
Partially assessed the
economic losses that
occurred at the
organization you
researched. Partially
recommended a plan
of action for the
company to restore
any economic losses.
Competent
Satisfactorily
assessed the
economic losses that
occurred at the
organization you
researched.
Satisfactorily
recommended a plan
of action for the
company to restore
any economic losses.
Exemplary
Thoroughly assessed
the economic losses
that occurred at the
organization you
researched.
Thoroughly
recommended a plan
of action for the
company to restore
any economic losses.
Compare and contrast accidental fraudsters
and predators. Give your opinion on what type
of fraudsters committed fraud at the
organization you researched. Provide support
for your rationale. 15 %
Unacceptable
Did not submit or
incompletely
compared and
contrasted accidental
fraudster and
predators. Did not
submit or incompletely
gave your opinion on
what type of
fraudsters that
Needs Improvement
Partially compared
and contrasted
accidental fraudster
and predators.
Partially gave your
opinion on what type
of fraudsters that
committed fraud at the
organization you
researched. Partially
Competent
Satisfactorily
compared and
contrasted accidental
fraudster and
predators.
Satisfactorily gave
your opinion on what
type of fraudsters that
committed fraud at the
organization you
Exemplary
Thoroughly compared
and contrasted
accidental fraudster
and predators.
Thoroughly gave your
opinion on what type
of fraudsters that
committed fraud at the
organization you
researched.
committed fraud at the
organization you
researched. Did not
submit or incompletely
provided support for
your rationale.
provided support for
your rationale.
researched.
Satisfactorily provided
support for your
rationale.
Thoroughly provided
support for your
rationale.
Evaluate how teamwork and leadership are
effective tools for financial forensic
investigations. Provide support for your
evaluation. 20 %
Unacceptable
Did not submit or
incompletely
evaluated how
teamwork and
leadership are
effective tools for
financial forensic
investigations. Did not
submit or incompletely
provided support for
your evaluation.
Needs Improvement
Partially evaluated
how teamwork and
leadership are
effective tools for
financial forensic
investigations.
Partially provided
support for your
evaluation.
Competent
Satisfactorily
evaluated how
teamwork and
leadership are
effective tools for
financial forensic
investigations.
Satisfactorily provided
support for your
evaluation.
Exemplary
Thoroughly evaluated
how teamwork and
leadership are
effective tools for
financial forensic
investigations.
Thoroughly provided
support for your
evaluation.
Three references. 5 %
Unacceptable
No references were
provided.
Needs Improvement
Did not meet the
required number of
references; some or
all references were
poor-quality choices.
Competent
Met number of
required references;
all references were
high-quality choices.
Exemplary
Exceeded number of
required references;
all references were
high-quality choices.
Clarity, writing mechanics, and formatting
requirements. 10 %
Unacceptable
More than 6 errors
present.
Needs Improvement
5–6 errors present.
Competent
3–4 errors present.
Exemplary
0–2 errors present.
w07a1 - Fraud Schemes and Fraud Investigations
Summary
Click the linked activity title to access this assignment.
Text
Overview
Using the Internet or Strayer databases, identify and research a company with an employee who was
involved in corporate fraud. For the assignment you will determine how you would implement an
investigation of the fraudster, discuss how you would collect evidence, identify red flags, and suggest
key investigation practices. You will also recommend a fraud prevention plan for the organization and
discuss how it might impact the organization and its employees.
Instructions
Write a 4– 5 page paper in which you:
1. Based on your research, assume that you are fraud investigator assigned to coordinate an
investigation of the fraudster. Determine how you would implement this investigation without the
fraudster's knowledge. Provide support for your rationale.
2. Assuming you are the fraud investigator on this case, assess what types of surveillance and/or
covert operations you would use to collect evidence related to the fraud. Analyze technological
options for investigating fraud, indicating what you believe to be the most effective option.
Provide support for your rationale.
3. During the investigation, assess the most significant red flags that would have been an indication
of possible fraud needing corrective action by management.
4. Based on your research, suggest key practices the fraud investigator could have used in
conducting interviews with the fraudster and the company's employees. Assess the various
interviews and interrogation questions available to you. Select the type of interview and
interrogation questions that would have been most appropriate for this investigation. Provide
support for your rationale.
5. Recommend a fraud prevention plan for this organization. Determine the positive or negative
consequences that this fraud prevention plan might have on employees' morale and the public
perception of the organization. Provide support for your rationale.
6. Use at least four quality resources in this assignment. Note: Wikipedia and similar websites do
not qualify as quality resources.
This course requires the use of Strayer Writing Standards. For assistance and information, please
refer to the Strayer Writing Standards link in the left-hand menu of your course.
The specific course learning outcome associated with this assignment is:
Recommend key practices for investigating and preventing fraud, based on a given case.
Scoring Guide
Based on your research, assume that you are
the fraud investigator assigned to coordinate
an investigation of the fraudster. Determine
how you would implement this investigation
without the fraudster ’s knowledge. Provide
support for your rationale. 15 %
Unacceptable
Did not submit or
incompletely
determined how you
would implement this
investigation without
the fraudster’s
knowledge. Did not
submit or incompletely
provided support for
your rationale.
Needs Improvement
Partially determined
how you would
implement this
investigation without
the fraudster’s
knowledge. Partially
provided support for
your rationale.
Competent
Satisfactorily
determined how you
would implement this
investigation without
the fraudster’s
knowledge.
Satisfactorily provided
support for your
rationale.
Exemplary
Thoroughly
determined how you
would implement this
investigation without
the fraudster’s
knowledge.
Thoroughly provided
support for your
rationale.
Assuming you are the fraud investigator on
this case, assess what types of surveillance
and/or covert operations you would use to
collect evidence related to the fraud. Analyze
technological options for investigating fraud,
indicating what you believe to be the most
effective option. Provide support for your
rationale. 15 %
Unacceptable
Did not submit or
incompletely
assessed what types
of surveillance and/or
covert operations you
would use to collect
evidence related to
the fraud. Did not
submit or incompletely
analyzed
technological options
for investigating fraud,
indicating what you
believe to be the most
effective option. Did
Needs Improvement
Partially assessed
what types of
surveillance and/or
covert operations you
would use to collect
evidence related to
the fraud. Partially
analyzed
technological options
for investigating fraud,
indicating what you
believe to be the most
effective option.
Partially provided
Competent
Satisfactorily
assessed what types
of surveillance and/or
covert operations you
would use to collect
evidence related to
the fraud.
Satisfactorily analyzed
technological options
for investigating fraud,
indicating what you
believe to be the most
effective option.
Satisfactorily provided
Exemplary
Thoroughly assessed
what types of
surveillance and/or
covert operations you
would use to collect
evidence related to
the fraud. Thoroughly
analyzed
technological options
for investigating fraud,
indicating what you
believe to be the most
effective option.
Thoroughly provided
not submit or
incompletely provided
support for your
rationale.
support for your
rationale.
support for your
rationale.
support for your
rationale.
During the investigation, assess the most
significant red flags that would have been an
indication of possible fraud needing
corrective action by management. 15 %
Unacceptable
Did not submit or
incompletely
assessed the most
significant red flags
that would have been
an indication of
possible fraud
needing corrective
action by
management.
Needs Improvement
Partially assessed the
most significant red
flags that would have
been an indication of
possible fraud
needing corrective
action by
management.
Competent
Satisfactorily
assessed the most
significant red flags
that would have been
an indication of
possible fraud
needing corrective
action by
management.
Exemplary
Thoroughly assessed
the most significant
red flags that would
have been an
indication of possible
fraud needing
corrective action by
management.
Based on your research, suggest key
practices the fraud investigator could have
used in conducting interviews with the
fraudster and the company’s employees.
Assess the various interviews and
interrogation questions available to you, and
select the type of interview and interrogation
questions that would have been most
appropriate for this investigation. Provide
support for your rationale. 20 %
Unacceptable
Did not submit or
incompletely
suggested key
practices the fraud
investigator could
have used in
conducting interviews
with the fraudster and
the company’s
employees. Did not
submit or incompletely
Needs Improvement
Partially suggested
key practices the
fraud investigator
could have used in
conducting interviews
with the fraudster and
the company’s
employees. based on
your research.
Partially assessed the
various interviews and
Competent
Satisfactorily
suggested key
practices the fraud
investigator could
have used in
conducting interviews
with the fraudster and
the company’s
employees.
Satisfactorily
assessed the various
Exemplary
Thoroughly suggested
key practices the
fraud investigator
could have used in
conducting interviews
with the fraudster and
the company’s
employees.
Thoroughly assessed
the various interviews
and interrogation
assessed the various
interviews and
interrogation
questions available to
you. Did not submit or
incompletely selected
the type of interview
and interrogation
questions that would
have been most
appropriate for this
investigation. Did not
submit or incompletely
provided support for
your rationale.
interrogation
questions available to
you. Partially selected
the type of interview
and interrogation
questions that would
have been most
appropriate for this
investigation. Partially
provided support for
your rationale.
interviews and
interrogation
questions available to
you. Satisfactorily
selected the type of
interview and
interrogation
questions that would
have been most
appropriate for this
investigation.
Satisfactorily provided
support for your
rationale.
questions available to
you. Thoroughly
selected the type of
interview and
interrogation
questions that would
have been most
appropriate for this
investigation.
Thoroughly provided
support for your
rationale.
Recommend a fraud prevention plan for this
organization. Determine the positive or
negative consequences that this fraud
prevention plan might have on employees’
morale and the public perception of the
organization. Provide support for your
rationale. 20 %
Unacceptable
Did not submit or
incompletely
recommended a fraud
prevention plan for
this organization. Did
not submit or
incompletely
determined the
positive or negative
consequences that
this fraud prevention
plan might have on
employees’ morale
and the public
perception of the
organization. Did not
submit or incompletely
Needs Improvement
Partially
recommended a fraud
prevention plan for
this organization.
Partially determined
the positive or
negative
consequences that
this fraud prevention
plan might have on
employees’ morale
and the public
perception of the
organization. Partially
provided support for
your rationale.
Competent
Satisfactorily
recommended a fraud
prevention plan for
this organization.
Satisfactorily
determined the
positive or negative
consequences that
this fraud prevention
plan might have on
employees’ morale
and the public
perception of the
organization.
Satisfactorily provided
support for your
rationale.
Exemplary
Thoroughly
recommended a fraud
prevention plan for
this organization.
Thoroughly
determined the
positive or negative
consequences that
this fraud prevention
plan might have on
employees’ morale
and the public
perception of the
organization.
Thoroughly provided
support for your
rationale.
provided support for
your rationale.
Four references. 5 %
Unacceptable
No references
provided.
Needs Improvement
Did not meet the
required number of
references; some or
all references were
poor-quality choices.
Competent
Met number of
required references;
all references were
high-quality choices.
Exemplary
Exceeded number of
required references;
all references were
high-quality choices.
Clarity, writing mechanics, and formatting
requirements. 10 %
Unacceptable
More than 6 errors
present.
Needs Improvement
5–6 errors present.
Competent
3–4 errors present.
Exemplary
0–2 errors present.
w10a1 - Asset Misappropriation and Corporate Governance
Summary
Click the linked activity title to access this assignment.
Text
Preparation
Use the Internet or Strayer databases to research and identify an organization that was a victim of
asset misappropriation. For the assignment you will evaluate the types and causes of the
misappropriations, examine how assets were or could have been recovered, assess management's
responsibility to share information, and discuss SAS 99 risk factors. You will also discuss how to
improve the organization's corporate governance plan, recommend a fraud prevention plan, and
discuss its potential impact on the organization and its employees.
Instructions
Write a 5–6 page paper in which you:
1. Based on your research, evaluate the type of asset misappropriations that occurred at the
organization. Assess the factors that contributed to the misappropriation. Give your opinion on
whether poor management or lack of management played a role in the asset misappropriation.
Provide support for your rationale.
2. Evaluate the legal mechanisms that could have been used to recover assets through the civil and
criminal justice systems. Assess whether the civil and criminal justice systems did an effective
job in recovering the organization's assets. Provide support for your rationale.
3. Assess management's responsibility to share information related to the breach with various
stakeholder groups, indicating what should be shared and how. Provide support for your
rationale.
4. Review AICPA Statements on Auditing Standard (SAS) No. 99, "Risk Factors Relating to
Misstatements Arising from Misappropriation of Assets," found within the text. Assess SAS 99
risk factors and discuss if the risk factors were prevalent in the organization you researched.
Give your opinion on whether or not organizations should implement a plan that reviews risk
factors on a regular basis to determine if fraud has occurred. Explain why or why not.
5. Review the corporate governance plan of the organization you researched, evaluate the
effectiveness of the plan, and make suggestions for improvements to protect the stakeholders.
Provide support for your rationale.
6. Recommend a fraud prevention plan for this organization. Determine what positive or negative
consequences this fraud prevention plan might have on employees’ morale and the public
perception of the organization.
7. Provide at least four quality resources. Note: Wikipedia and similar websites do not qualify as
quality resources.
This course requires the use of Strayer Writing Standards. For assistance and information, please
refer to the Strayer Writing Standards link in the left-hand menu of your course.
The specific course learning outcome associated with this assignment is:
Evaluate issues related to asset misappropriation, risk factors, corporate governance, and
fraud prevention within a given organization.
Scoring Guide
Based on your research, evaluate the type of
asset misappropriations that occurred at the
organization, and assess the factors that
contributed to the misappropriation. Give
your opinion on whether poor management or
lack of management played a role in the asset
misappropriation. Provide support for your
rationale. 10 %
Unacceptable
Did not submit or
incompletely
evaluated the type of
asset
Needs Improvement
Partially evaluated the
type of asset
misappropriations
that occurred at the
Competent
Satisfactorily
evaluated the type of
asset
misappropriations
Exemplary
Thoroughly evaluated
the type of asset
misappropriations
that occurred at the
misappropriations
that occurred at the
organization. Did not
assess or
incompletely
assessed the factors
that contributed to the
misappropriation. Did
not submit or
incompletely gave
your opinion on
whether poor
management or lack
of management
played a role in the
asset
misappropriation. Did
not submit or
incompletely provided
support for your
rationale.
organization. Partially
assessed the factors
that contributed to the
misappropriation.
Partially gave your
opinion on whether
poor management or
lack of management
played a role in the
asset
misappropriation.
Partially provided
support for your
rationale.
that occurred at the
organization.
Satisfactorily
assessed the factors
that contributed to the
misappropriation.
Satisfactorily gave
your opinion on
whether poor
management or lack
of management
played a role in the
asset
misappropriation.
Satisfactorily provided
support for your
rationale.
organization.
Thoroughly assessed
the factors that
contributed to the
misappropriation.
Thoroughly gave your
opinion on whether
poor management or
lack of management
played a role in the
asset
misappropriation.
Thoroughly provided
support for your
rationale.
Evaluate the legal mechanisms that could
have been used to recover assets through
the civil and criminal justice systems. Assess
whether the civil and criminal justice systems
did an effective job in recovering the
organization’s assets. Provide support for
your rationale. 15 %
Unacceptable
Did not submit or
incompletely
evaluated the legal
mechanisms that
could have been used
to recover assets
through the civil and
criminal justice
systems. Did not
submit or incompletely
assessed whether the
civil and criminal
Needs Improvement
Partially evaluated the
legal mechanisms that
could have been used
to recover assets
through the civil and
criminal justice
systems. Partially
assessed whether the
civil and criminal
justice systems did an
effective job in
recovering the
Competent
Satisfactorily
evaluated the legal
mechanisms that
could have been used
to recover assets
through the civil and
criminal justice
systems. Satisfactorily
assessed whether the
civil and criminal
justice systems did an
effective job in
Exemplary
Thoroughly evaluated
the legal mechanisms
that could have been
used to recover
assets through the
civil and criminal
justice systems.
Thoroughly assessed
whether the civil and
criminal justice
systems did an
effective job in
justice systems did an
effective job in
recovering the
organization’s assets.
Did not submit or
incompletely provided
support for your
rationale.
organization’s assets.
Partially provided
support for your
rationale.
recovering the
organization’s assets.
Satisfactorily provided
support for your
rationale.
recovering the
organization’s assets.
Thoroughly provided
support for your
rationale.
Assess management’s responsibility to share
information related to the breach with various
stakeholder groups, indicating what should
be shared and how. Provide support for your
rationale. 15 %
Unacceptable
Did not submit or
incompletely
assessed
management's
responsibility to share
information related to
the breach with
various stakeholder
groups, indicating
what should be
shared and how. Did
not submit or
incompletely provided
support for your
rationale.
Needs Improvement
Partially assessed
management's
responsibility to share
information related to
the breach with
various stakeholder
groups, indicating
what should be
shared and how.
Partially provided
support for your
rationale.
Competent
Satisfactorily
assessed
management's
responsibility to share
information related to
the breach with
various stakeholder
groups, indicating
what should be
shared and how.
Satisfactorily provided
support for your
rationale.
Exemplary
Thoroughly assessed
management's
responsibility to share
information related to
the breach with
various stakeholder
groups, indicating
what should be
shared and how.
Thoroughly provided
support for your
rationale.
Review AICPA Statements on Auditing
Standard (SAS) No. 99, "Risk Factors Relating
to Misstatements Arising from
Misappropriation of Assets," found within the
text. Assess SAS 99 risk factors and discuss if
the risk factors were prevalent in the
organization you researched. Give your
opinion on whether or not organizations
should implement a plan that reviews risk
factors on a regular basis to determine if
fraud has occurred. Explain why or why not. 15
%
Unacceptable Needs Improvement Competent Exemplary
Did not submit or
incompletely reviewed
AICPA Statements on
Auditing Standard
(SAS) No. 99, "Risk
Factors Relating to
Misstatements Arising
from Misappropriation
of Assets." Did not
submit or incompletely
assessed SAS 99
risk factors and did
not submit or
incompletely
discussed if the risk
factors were prevalent
in the organization you
researched. Did not
submit or incompletely
gave your opinion on
whether or not
organizations should
implement a plan that
reviews risk factors on
a regular basis to
determine if fraud has
occurred. Did not
submit or incompletely
explained why or why
not.
Partially reviewed
AICPA Statements on
Auditing Standard
(SAS) No. 99, "Risk
Factors Relating to
Misstatements Arising
from Misappropriation
of Assets." Partially
assessed SAS 99
risk factors and
partially discussed if
the risk factors were
prevalent in the
organization you
researched. Partially
gave your opinion on
whether or not
organizations should
implement a plan that
reviews risk factors on
a regular basis to
determine if fraud has
occurred. Partially
explained why or why
not.
Satisfactorily
reviewed AICPA
Statements on
Auditing Standard
(SAS) No. 99, "Risk
Factors Relating to
Misstatements Arising
from Misappropriation
of Assets."
Satisfactorily
assessed SAS 99
risk factors and
satisfactorily
discussed if the risk
factors were prevalent
in the organization you
researched.
Satisfactorily gave
your opinion on
whether or not
organizations should
implement a plan that
reviews risk factors on
a regular basis to
determine if fraud has
occurred.
Satisfactorily
explained why or why
not.
Thoroughly reviewed
AICPA Statements on
Auditing Standard
(SAS) No. 99, "Risk
Factors Relating to
Misstatements Arising
from Misappropriation
of Assets." Thoroughly
assessed SAS 99
risk factors and
thoroughly discussed
if the risk factors were
prevalent in the
organization you
researched.
Thoroughly gave your
opinion on whether or
not organizations
should implement a
plan that reviews risk
factors on a regular
basis to determine if
fraud has occurred.
Thoroughly explained
why or why not.
Review the corporate governance plan of the
organization you researched, evaluate the
effectiveness of the plan, and make
suggestions for improvements to protect the
stakeholders. Provide support for your
rationale. 15 %
Unacceptable
Did not submit or
incompletely reviewed
the corporate
governance plan of
Needs Improvement
Partially reviewed the
corporate governance
plan of the
organization you
Competent
Satisfactorily
reviewed the
corporate governance
plan of the
Exemplary
Thoroughly reviewed
the corporate
governance plan of
the organization you
the organization you
researched, evaluated
the effectiveness of
the plan, and did not
submit or incompletely
made suggestions for
improvements to
protect the
stakeholders. Did not
submit or incompletely
provided support for
your rationale.
researched, evaluated
the effectiveness of
the plan, and partially
made suggestions for
improvements to
protect the
stakeholders. Partially
provided support for
your rationale.
organization you
researched, evaluated
the effectiveness of
the plan, and
satisfactorily made
suggestions for
improvements to
protect the
stakeholders.
Satisfactorily provided
support for your
rationale.
researched, evaluated
the effectiveness of
the plan, and
thoroughly made
suggestions for
improvements to
protect the
stakeholders.
Thoroughly provided
support for your
rationale.
Recommend a fraud prevention plan for this
organization. Determine what positive or
negative consequences this fraud prevention
plan might have on employees' morale and
the public perception of the organization. 15 %
Unacceptable
Did not submit or
incompletely
recommended a fraud
prevention plan for
this organization. Did
not submit or
incompletely
determined what
positive or negative
consequences this
fraud prevention plan
might have on
employees' morale
and the public
perception of the
organization.
Needs Improvement
Partially
recommended a fraud
prevention plan for
this organization.
Partially determined
what positive or
negative
consequences this
fraud prevention plan
might have on
employees' morale
and the public
perception of the
organization.
Competent
Satisfactorily
recommended a fraud
prevention plan for
this organization.
Satisfactorily
determined what
positive or negative
consequences this
fraud prevention plan
might have on
employees' morale
and the public
perception of the
organization.
Exemplary
Thoroughly
recommended a fraud
prevention plan for
this organization.
Thoroughly
determined what
positive or negative
consequences this
fraud prevention plan
might have on
employees' morale
and the public
perception of the
organization.
Four references. 5 %
Unacceptable
No references
provided.
Needs Improvement
Did not meet the
required number of
references; some or
Competent
Met number of
required references;
Exemplary
Exceeded number of
required references;
© 2020 Strategic Education, Inc.
all references were
poor-quality choices.
all references were
high-quality choices.
all references were
high-quality choices.
Clarity, writing mechanics, and formatting. 10
%
Unacceptable
More than 6 errors
present.
Needs Improvement
5–6 errors present.
Competent
3–4 errors present.
Exemplary
0–2 errors present.
