Internal Control System For this week's discussion: Use the Internet or Strayer University Library to locate and review the Sarbanes-Oxley Act legislation online. Review the auditing sections in SOX Act. Research a company that had a fraud event happen due to inadequate accounting procedures. Review the fraud event that happened in the company in detail and identify at least two accounting control procedures that were deficient in this event. Propose an internal control system that would have eliminated the fraud, using the ERP system. Be sure to respond to at least one of your classmates' posts.
Internal Control System For this week's discussion: Use the Internet or Strayer University Library to locate and review the Sarbanes-Oxley Act legislation online. Review the auditing sections in SOX Act. Research a company that had a fraud event happen due to inadequate accounting procedures. Review the fraud event that happened in the company in detail and identify at least two accounting control procedures that were deficient in this event. Propose an internal control system that would have eliminated the fraud, using the ERP system. Be sure to respond to at least one of your classmates' posts.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Internal Control System
For this week's discussion:
- Use the Internet or Strayer University Library to locate and review the Sarbanes-Oxley Act legislation online. Review the auditing sections in SOX Act.
- Research a company that had a fraud event happen due to inadequate accounting procedures.
- Review the fraud event that happened in the company in detail and identify at least two accounting control procedures that were deficient in this event.
- Propose an internal control system that would have eliminated the fraud, using the ERP system.
Be sure to respond to at least one of your classmates' posts.
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