Week 1 Discussion ACC1002

Y2 Please help with Development of an Anti-Fraud Program The potential for fraud occurs in all organizations, regardless of the industry in which it operates, financial structure, or size. Every organization is vulnerable to fraud. The risk of fraud should be reduced as much as possible to improve the longevity of the organization. Hence, preventing, deterring, and detecting fraud are crucial to the success of organizations. Deterring and preventing fraud can be more economical than detecting, investigating, and recovering from fraud after the fact. These anti-fraud measures must start at the top and must be communicated throughout the organization. They must go beyond internal controls yet consider the cost-benefit. Please explain ho to develop an anti-fraud program, or model, that can be implemented in any organization. In other words, don't apply the model to a specific organization. The model, if applied correctly, must be efficient in preventing, detecting and deterring fraud.…

19 From the options given below find the reason/s to regulate the inefficiency in accounting profession a. Regulation seeks to ensure that accounting services are of the right quality b. All the options c. Regulation is used to mitigate the potential impact of this inefficiency on the society d. Regulation is used to mitigate the potential impact of this inefficiency on the economy Clear my choice

f In addition to the risk factor identified in the preceding question, another risk factor relating to misstatements arising from fraudulent financial reporting is: Multiple Choice Earnings this year are lower than management had hoped. Accounts payable are limited to commercial suppliers. Sales are made to residential, commercial, and governmental purchasers. The industry faces great technological changes in almost all of its products. Untitled docume...pdf Untitled docume....pdf docx Presentation se...pdf Untitled docume...pdf MacBook Air

Efforts to improve global financial system hampered by Covid-19 James Langton October 7, 2020 Global policymakers’ effort to enhance oversight of financial markets by improving data collection, which was launched in the wake of the 2008 financial crisis, is being disrupted by the current Covid-19 crisis. According to a new report from the Financial Stability Board (FSB) and the International Monetary Fund (IMF), the pandemic has created “significant challenges” for the ongoing effort to improve oversight of the global financial system — a project known as the G20 Data Gaps Initiative (DGI). The primary objective of the DGI is to ensure that policymakers have access to reliable and timely statistics, enabling them to better monitor for systemic risk, and to assess vulnerabilities, interconnections, and potential spillovers in the financial system. The report said that lockdowns in response to the pandemic have hampered data collection and required a shift in resources to other…

19 From the options given below find the reason/s to regulate the inefficiency in accounting profession a. Regulation seeks to ensure that accounting services are of the right quality b. All the options c. Regulation is used to mitigate the potential impact of this inefficiency on the society d. Regulation is used to mitigate the potential impact of this inefficiency on the economy

Question 19, P1-12 One of the key risk areas that corporates need to manage is "ethical risks." Do you think that management of ethical risks is as important for business as management of financial risks? Explain how ethical problems may affect a firm's profits and stock price.

Ma4. What do you think are the top cyber threats targeting accounting firms? List two ways in which a company can protect its data What is the biggest challenges facing the accounting profession? What barriers might prevent you from conducting a good audit? Why is the leader important in accounting? How does new technology affect the accounting profession> What are the new technology being used in the accounting system?

QUESTION 17 Which of this can suggest a heightened of risk of fraud in the acquisition and payment cycle? O expected increases in gross margin O O Expenses that are at significantly normal. Inventory that is growing at a rate greater than sales O expected increases in the number of suppliers

119-Mr. Abdullah is an auditor in XYZ LLC. His job is to see the correctness of financial statements and to give suggestions. He came to know that his company is entering into a new product line, so he started discussing about it on various places and about its projection in the future. In this situation there is a chance of a. Advocacy threat b. Familiarity threat c. Self review threat d. None of the options

sh7 please help me  Thankyou The Sarbanes-Oxley Act of 2002 was a necessary response to the corporate accounting scandals of the early 2000s. It brought much-needed reform to the regulatory framework for corporate accounting and reporting and increased the accountability of public companies and their auditors. While there are concerns about the costs of compliance and the impact on competitiveness, there is evidence to suggest that SOX has helped prevent fraudulent reporting and improve the quality of financial reporting. Nonetheless, there may be room for further improvement in the act's implementation to address any remaining issues and to ensure continued investor confidence in the US financial markets.

QUESTION 24 Due to the political and country risks involved in international business, firms should: O A. do business only in countries where they can guarantee their shareholders profit on every project. OB. attempt to assess, measure, and manage risks before investing abroad. OC. do business only in developed countries. O D. All of the above O E. None of the above

Q1:Great West States (GWS) is a railroad company operating in the western United States.Juanita Salazar is risk manager of GWS. At the direction of the company’s chief executiveofficer, she is searching for ways to handle the company’s risks in a more economical way.The CEO stressed that Juanita should consider not only pure risks but also financial risks.Juanita discovered that a significant financial risk facing the organization is a commodityprice risk—the risk of a significant increase in the price of fuel for the company’slocomotives. A review of the company’s income and expense statement showed that lastyear about 28 percent of its expenses were related to fuel oil. Juanita was also asked todetermine whether the installation of a new sprinkler system at the corporate headquartersbuilding would be justified. The cost of the project would be $40,000. She estimates theproject would provide an after-tax net cash flow of $25,000 per year for three years, withthe first of these cash…

Discussion Questions on Fraud Prevention from Chapter 4 Fraud Examination 4th Edition 1. How do organizations create a culture of honesty, openness, and assistance? 2. What are different ways in which companies can eliminate opportunities for fraud? 3. What is the purpose of adopting a code of ethics throughout a company?

12 Discuss different forms of risk that any multinational enterprise might be exposed to the recent geopolitical tension in Ukraine and Russia.    Please solve in 45 mins will thumbs up no plagiarism please.

Chapter 8:  Sarbanes Oxley, Internal Control, and Cash Chapter 8 discusses the creation of the Sarbanes Oxley Act of 2002.  The act is commonly known by the acronym "SOX."  The act established the Public Companies Accounting Oversight Board.  This board is sometimes known as the "Peek-a-Boo" which serves as what may be a very appropriate acronym.  Please let us know why the Public Companies Accounting Oversight Board has come to be known as the "Peek-a-Boo."  Please use the link below to access the Sarbanes Oxley Act of 2002 and include it. http://www.soxlaw.com/ (Links to an external site.)

Incorrect Question 4 Which one of the following is not one of the components of an AIS used by companies to achieve their goals? O People O Internal controls and security measures O Procedures and instructions O internal and external reports O data Incorrect Question 5 Which one of the following statements about managerial reports and documents is false? O They can be used for external decision making by investors They can be used for Internal decision making for control O They can support the day to day business operations O They can be used for Internal decision making for planning

24-Imagine that you are hired as an accounting consultant in a multinational company. The company is entering into a contract with a supplier. The company asked you to analyze all the information and suggest what should be the right date and payment mode along with all the conditions. This type of situation refers that O a. None of the options O b. You are following normative theory in accounting O c. You are following agency theory O d. You are a follower of positive theory in this situation