Write a 4 5 page paper in which you: Describe a Wells Fargo Bank, its operations, and its associated industry that recently was subjected to financial fraud and evaluate these areas for strengthening corporate financial governance practices. Evaluate in detail the financial fraud the Wells Fargo Bank was exposed to citing errors in financial operations, applications of accounting procedures, and lack of accounting oversight that includes any potential unobserved deficiencies. Recommend a detailed strategy for a selected company with at least three integrated solutions for auditing and monitoring procedures to improve corporate governance of the company's finances and mitigate financial fraud risk for the company. Evaluate potential risks in the Wells Fargo Bank for ethics violations and how the integrated solutions for auditing and monitoring procedures will mitigate the risk and that is supported with a justification for reducing the risk. Evaluate at least two industry best practices in a recommendation to the Wells Fargo Bank to adopt in its financial governance policies that would increase ethical standards and enhance corporate governance practices. Provide at least four reliable, relevant, peer reviewed references, published within the last five years that support the paper's claims.

Overview For this assignment, you will represent a company that does not currently have an accounting information system (AIS) established. Make sure you clearly identify the business line, product type, and market position. Read this article before you begin: Identifying the Absence of Effective Internal Controls: An Alternative Approach for Internal Control Audits. Instructions Write a 3-4-page paper in which you: Identify at least four different areas where there could be potential accounting fraud in a company. Make sure you elaborate on your reasoning for why accounting fraud could occur as well as the financial implications on the organization. Design a method of detection and a method of limiting the possible financial fraud. Provide support for your arguments and rationale using support from your text and supplemental readings. Provide support for arguments and rationale using AIS knowledge and recent AIS literature. Draft a one-page recommendation at the end of the document…

The following are various activities an auditor doesduring audit planning.1. Determine the likely users of the financial statements.2. Identify whether any specialists are required for the engagement.3. Send an engagement letter to the client.4. Tour the client’s plant and offices.5. Compare key ratios for the company to those for industry competitors.6. Review management’s risk management controls and procedures.7. Review accounting principles unique to the client’s industry.8. Identify potential related parties that may require disclosure.For each procedure, indicate which of the first four parts of audit planning the procedureprimarily relates to: (1) accept client and perform initial audit planning; (2) understandthe client’s business and industry; (3) assess client business risk; (4) perform preliminaryanalytical procedures.

Audit committees have an essential role to play in ensuring the integrity and transparency of corporate reporting. The external auditor will normally report to the audit committee on all the following matters except:  Select one: a.Detected frauds.  b.Future staff requirements of the audit firm.  c.Potential breach of Corporation Act 2001.  d.The management responsibility in presenting annual financial reports.

(a) Explain how the new internal audit department of Adom Hotels could assist the directors in preventing and detecting fraud and error. (b) Describe additional functions, other than fraud investigations, the directors of Adom Hotels could ask the internal audit department to undertake.

Which of the following best describes the main goal of any audit or due diligence project? A. Make sure the financial processes, and operational details of a corporation are proper B. Get the company successfully through an SEC investigation C. Find all the things that are wrong in a corporation's financials D. None of these ans

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Which of the following parties are responsible for the detection of errors and accounting irregularities in a company's financial statements? Multiple Choice O internal audit staff and audit committee of the board of directors. all of these answer choices are correct. the SEC staff during their review process external auditors

Match each of the numbered descriptions 1 through 7 with the term or phrase it best reflects. Indicate your answer by writing the letter A through G for the term or phrase in the blank provided. A. Ethics. B. Fraud triangleC. Prevention.

The following factors describe a potential audit client. For each factor, indicate whether it is indicative of poor corporate governance. Explain the reasoning for your assessment. Finally, determine the risks to reliable financial reporting that are associated with each factor.  a.The company is in the financial services sector and has a large number of consumer loans, including mortgages, outstanding. b.The CEO’s and CFO’s compensation is based on three components: (a) base salary, (b) bonus based on growth in assets and profits, and (c) significant stock options. c.The company has an internal auditor who reports directly to the CFO and makes an annual report to the audit committee.