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Week 7 Assignment 2-Accounting and Audit Enforcement

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Question;Week 7 Assignment 2;Week 7 Assignment 2 Submission;If you are using the Blackboard Mobile Learn iOS App, please;click "View in Browser?;Click the link above to submit your assignment.;Students, please view the "Submit a Clickable Rubric;Assignment" in the Student Centre.;Instructors, training on how to grade is within the;Instructor Centre.;Assignment 2: Accounting and Audit Enforcement;Due Week 7 and worth 320 points;Using the Internet, Strayer databases, or the Securities and;Exchange Commission?s Website;Located at;http://www.sec.gov/divisions/enforce/friactions/friactions2012.shtml, perform a;search;On several U.S. health care publicly-traded companies and;choose a health care organization that;Has been accused of committing health care fraud.;Write a five to six (5-6) page paper in which you;1. Evaluate the level of SOX regulations that applies to;for-profit and not-for-profit health care organizations, indicating whether or;not mandating SOX requirements for non-profits might b reduce fraud and;increase corporate governance. Provide support for your rationale.;2. Determine whether SOX has been effective in regulating;ethical behaviour of for-profit health care organizations. Defend your;position.;3. Determine whether deficiencies existed in the IT;environment, and suggest ways to improve audit trails, data integrity, and;policies and procedures in order to reduce the risk of fraudulent activity.;4. Review the audit report issued by the external auditing;firm from the company's Website for the year it was accused of fraud. Then;determine whether the external auditors were negligent in preparing the audit;report for the company. Formulate an opinion regarding which Internal Control;was deficient or what GAAP was violated. Defend your position.;5. Determine what provision(s) of SOX was / were violated in;the health care fraud case in question. Indicate whether or not SOX adequately;provides sanctions to deter the behaviour or if changes are needed to the;regulations to remedy the issue(s) and thus ensure compliance.;6. Based on the fraudulent activity that occurred, recommend;two (2) improvements to the internal control environment to reduce those;occurrences. Provide detailed recommendations.;7. Use at least four (4) quality academic resources in this assignment.;Note: Wikipedia and other Websites do not qualify as academic resources.;Your assignment must follow these formatting requirements: Be;typed, double spaced, using Times New Roman font (size 12), and 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;Evaluate internal controls within an organization and create;a risk assessment.;Analyse ethical theories to evaluate a decision-making;process to determine compliance with professional codes of ethics.;Evaluate the health of organizations to assess the level of;risk in an audit engagement.;Evaluate financial data for potential fraud and prepare an;audit approach for detecting fraud.;Assess the risk of financial misstatement in an IT-based;environment.;Use technology and information resources to research issues;in accounting management.;Write clearly and concisely about accounting management;using proper writing mechanics.

 

Paper#43555 | Written in 18-Jul-2015

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