Resource: Blossoms Up! Case Study and Email No. 4Numerous emails have been sitting in the HR Director's in-box for two months. Smith is highly agitated that none of his have been responded to. Now that you are hired, he has asked you to address the emails immediately.Read Email No. 4 concerning a strategic organizational report that focuses on new mission and vision statements reflecting on strategic organizational goals.Complete Smith's directions and the instructions in the email.Use headings to appropriately signal the topics and keep your document organized.Use a minimum of five in-text citation sources within your paper and identify them in your APA correctly formatted References page.

Please refer to these resources for this discussion:Chapters 11, 12, and 13 in the Albrecht textbookFinancial Statement Fraud (Crazy Eddie's) video - located in the Course Documents folder under ACFE videosSmartest Guys in the Room - Enron documentary - located in the Course Documents folderThis week, we had the opportunity to explore some of the more egregious financial statement frauds from the past two decades. Many of these occurred prior to the enactment of Sarbanes Oxley (Enron, Worldcom, Waste Management, Adelphia, Tyco, Healthsouth, Qwest Communications, Cendant, and others). Other cases of financial statement fraud have surfaced after SOX was enacted, including Lehman Bros. and Fannie Mae.For this week's discussion, choose one of the pre-SOX financial statement fraud cases and write a brief summary (2-3 paragraphs) that outlines:What happened?Who was involved?How did they do it?How were they caught?What were the results (for both the victims and the perpetrators)?In addition to this summary, write a brief evaluation of how you think SOX might have impacted and/or changed your case study. Would it have still been likely to occur? Would it have been reduced in severity or duration? How might it have changed things for the victims? the perpetrators? For this part, I recommend that you refer to Appendix A at the end of Chapter 11 in the textbook and the discussion that ensues there, including the consideration of the Fraud Triangle presented in Table 11A.1. Would SOX have made a difference in your chosen case? If so, how? If not, why not?There are, of course, widely varied opinions of the effectiveness of SOX. Kayla Gillan, a former deputy chief of staff to the Chairman of the SEC, believes that SOX has been a beneficial and successful new law. She believes that, while no legislation can entirely eliminate financial statement fraud, SOX has been effective in rapidly increasing investor confidence. Despite acknowledging that SOX has increased the cost of participating in capital markets, she stated that many believe that the benefits far outweigh the increased costs. She believes that internal controls are more effective, auditor standards are more stringent, auditors are more competent and engaged, and the SEC has become more effective. She believes that the purpose of SOX legislation was to enhance investor protection and that it has largely accomplished this.On the other hand, there are those that believe that SOX has largely been a failure. Billionaire investor Mark Cuban, when considering the SEC and the experiences of startup companies, feels that SOX has made it much more difficult for companies to go public because of the increased costs associated with SOX. There are many more opinions on both sides of this argument. When it comes to preventing and reducing financial statement fraud, what do you think? Has SOX been a help or a hindrance? In summary, for this discussion (per the guidelines above):Write a 2-3 paragraph summary of a pre-SOX case study of financial statement fraud (20 pts.)Write a brief evaluation of how you think SOX might have impacted and/or changed your case study (10 pts.)Discuss whether SOX has been successful in reducing financial statement fraud. (10 pts.)ENRON The Smartest Guys in the Room.m4v How to Detect and Prevent Financial Statement Fraud, Second Edition.m4v