Explain the impact on affected stakeholders

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Reference no: EM131389412

Accounting Assignment

Make it 8 pages

cover page not required

choose one case and describe about it and answers all of the questions

https://www.sec.gov/litigation/complaints/2006/comp19740.pdf

And the action items are:

*Action Items*

1. Identify three organizations from the past five years that have had fraud related problems (e.g., fraudulent financial statements, violation of laws, indictment or conviction of employees committing fraudulent acts, etc.). Be sure to select three organizations that have enough information available to complete an effective research analysis.

2. E-mail your professor your selections by the end of Week 4. Be sure to include a one paragraph description of the fraud related problem(s) associated with each organization. Your professor will then notify you which of the three organizations to use in completing your research paper.

3. Research your organization with the goal of addressing all of the following:

1. First of all, need deep introduction about the case.

2. Identify and explain the fraud issue.

3. Identify the individuals involved in the fraudulent act(s), explain their role, and explain how they were able to commit the fraud (i.e., what factors were not present in the organization that allowed them to commit the fraud).

4. Identify and explain the laws, rules, ethics that were violated by the fraudster(s) (e.g., Sarbanes-Oxley Act of 2002, Financial Accounting Standards Board pronouncements, Public Company Accounting Oversight Board pronouncements, American Institute of Certified Public Accountants pronouncements, Securities and Exchange Commission pronouncements, etc.).

5. Explain the impact on affected stakeholders (e.g., stockholders, employees, creditors, suppliers, customers, etc.).

6. Identify what measures could have been taken to prevent the fraud committed or detect it earlier.

2. Write an 8-10 page, double-spaced paper addressing the items in Action Item 3. above. Be sure to follow proper APA formatting in all your citations.

3. If there is any auditor or auditor committee involve describe their names, what they do, how they figure out fraud etc.

4. Attach a reference page to your paper using proper APA format listing the authoritative resources you utilized.

Reference no: EM131389412

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