Business Finance
ACC 693 Southern New Hampshire University Fraud Analysis Paper

Southern New Hampshire University

Question Description

Background

  • What type of fraud could be possible in the case study? What led you to your determination?
  • What approach would you use to begin a risk assessment of the situation? Why?
  • How might IT relate to the commission of frauds? How might IT relate to the specific fraud in this case?
  • How can reliable data be collected using online resources?
  • What are appropriate ways to collect data that will result in admissible evidence? Be sure to provide a thorough description of how data is collected and what ensures it is considered admissible evidence.
  • What are appropriate ways to collect data while maintaining professionalism and integrity? Support your response.
  • What types of software are available to assist in analyzing large amounts of data, and how can they be implemented? How will the software assist in analyzing large amounts of data?

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ACC 693 Milestone One Guidelines and Rubric Overview: Milestone One of the final project provides an overview of the potential fraud scheme present in the case study chosen for your final project. This assignment marks the starting point in the forensic investigation by placing emphasis on the planning stages of the engagement and the beginning stages of the collection of evidence. Prompt: Review the case studies in Chapter 11 of Data Analytics for Auditing Using ACL. There are four case studies you may choose from for your final project. For this assignment, you will submit the Background section (Section I) of your final project. Specifically, the following critical elements must be addressed: I. Background A. What type of fraud could be possible in the case study? What led you to your determination? B. What approach would you use to begin a risk assessment of the situation? Why? C. How might IT relate to the commission of frauds? How might IT relate to the specific fraud in this case? D. How can reliable data be collected using online resources? E. What are appropriate ways to collect data that will result in admissible evidence? Be sure to provide a thorough description of how data is collected and what ensures it is considered admissible evidence. F. What are appropriate ways to collect data while maintaining professionalism and integrity? Support your response. G. What types of software are available to assist in analyzing large amounts of data, and how can they be implemented? How will the software assist in analyzing large amounts of data? Guidelines for Submission: Your paper must be submitted as a 2- to 3-page Microsoft Word document with double spacing, 12-point Times New Roman font, one-inch margins, and at least two sources cited in APA format. Critical Elements Proficient (100%) Needs Improvement (80%) Not Evident (0%) Value Background: Fraud Determines the type of fraud that could be possible in the case study and explains what led to this determination Determines the type of fraud that could be possible in the case study but does not explain what led to this determination, or determination is cursory or contains inaccuracies Does not determine the type of fraud that could be possible in the case study 12 Background: Risk Assessment Explains the approach to be used to begin a risk assessment of the situation and why Explains the approach to be used to begin a risk assessment of the situation, but does not explain why, or explanation is cursory or illogical Does not explain the approach to be used to begin a risk assessment of the situation 13 Background: IT Relate Discusses how IT might relate to the commission of frauds and the specific fraud in this case Discusses how IT might relate to the commission of frauds, but does not discuss how IT might relate to the specific fraud in this case, or discussion is cursory or contains inaccuracies Does not discuss how IT might relate to the commission of frauds 13 Background: Online Resources Explains how reliable data can be collected using online resources Explains how reliable data can be collected using online resources, but explanation is cursory or contains inaccuracies Does not explain how reliable data can be collected using online resources 13 Determines appropriate ways to collect data that would result in admissible evidence and provides a thorough description of how data is collected and what ensures it is considered admissible evidence Determines appropriate ways to collect data that would result in admissible evidence, but does not provide a thorough description of how data is collected and/or what ensures it is considered admissible evidence Does not determine appropriate ways to collect data that would result in admissible evidence 13 Determines appropriate ways to collect data that would maintain professionalism and integrity and supports response Determines appropriate ways to collect data that would maintain professionalism and integrity, but determination is cursory or contains inaccuracies or does not support response Does not determine ways to collect data that would maintain professionalism and integrity 13 Determines types of software available to assist in analyzing large amounts of data, discussing how it will assist and how it could be implemented Determines types of software available to assist in analyzing large amounts of data, but does not discuss how it will assist or how it could be implemented Does not determine types of software to assist in analyzing large amounts of data 13 Background: Admissible Evidence Background: Professionalism and Integrity Background: Analyzing Data Articulation of Response Submission has no major errors related to citations, grammar, spelling, syntax, or organization Submission has major errors related to citations, grammar, spelling, syntax, or organization that negatively impact readability and articulation of main ideas Submission has critical errors related to citations, grammar, spelling, syntax, or organization that prevent understanding of ideas Total 10 100% ...
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Final Answer

Attached.

1

Running head: FRAUD ANALYSIS

Fraud Analysis
Professor’s Name
Student’s Name
Course
Date

2

FRAUD ANALYSIS
Introduction
Identifying fraud in an organization is a vital aspect of business management. Fraud
can be branded in different ways; however, the most common definition is that fraud is an
intentional false representation of a material, conventionally a delusional deception which is
often detrimental (Albrecht & Zimbelman, 2011). Fraud is very costly to a business
organization and not only affects the net income, but also a deterrent to improvement and to
the very extent can incur huge losses. Wayland Manufacturing Company is a possible victim
of fraud and forms the basis of this paper which thoroughly details this vice.
Fraud Determination
According to the electronic files provided for auditing, files for purchase transactions
on accounts payable and outstanding accounts payable are considered less than efficient due
to deficient internal controls in their management. A considerable increase of purchases is
witnessed for the months of October and November which exponentially decreases in
December; this presents a sporadical pattern. The current liabilities arising from the
outstanding accounts payable is also ghastly. A nondescription is given as to why employees
are leaving the company, and as a result, the accounting responsibility is laid on one person
with unlimited freedom. Personnel misconduct could cause them to leave which raises
eyebrows on their accountability; sack...

Msharon (10461)
UCLA

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