ACC 578 Week 7 Assignment 3-Financial Statement Fraud

Due Week 7 and worth 280 points

You have been hired by the Securities and Exchange Commission (SEC) as a 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 or Strayer databases, research at least two major fraud cases that were a result of financial statement fraud.

Write a four to six (4-6) 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 at 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 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.