Procedures that should be considered for detective controls

Assignment Help Operation Management

Reference no: EM1386462

Management is aware of the increased requirements for a public company to maintain a system of internal control to help prevent and detect fraud. The CEO, Mary Moore, is also interested in using a proactive posture toward building an antifraud prevention program, including exploring using a proactive auditing approach to fraud discovery. The internal auditor and the external fraud investigator as well as accounting and consulting firms have discussed proactive approaches for detecting fraud.

Management is aware that eliminating the opportunity for fraud is critical. Recently, the Institute of Internal Auditors (IIA), the American Institute of Certified Public Accountants (AICPA), and the Association of Certified Fraud Examiners have adopted a comprehensive guide for managing the business risk of fraud.

Please answer the following questions in preparing this 4-6 page paper. As you answer each question, you must provide support or evidence that will enhance and empirically prove your answers. Academic criminal justice articles or real life criminal justice findings that are not found in journals or other academic sources must be used in supporting your answers. Please use APA style for all cited sources, including your reference page.

What would be the procedures that should be considered for detective controls, including independent checks and a system for documents and records?

Reference no: EM1386462

Questions Cloud

An airport is planning on building a new runway : An airport is planning on building a new runway, identify three significant sustainability impacts that this would cause

Discuss the possibility of a fraud hotline : Discuss the possibility of a fraud hotline as part of your program. How can a hotline be implemented as a tool for preventing and detecting fraud? Provide an overview of steps that you would take for a successful implementation if the corporation ..

What is the highest electron kinetic energy : A Father pulls his sons across the son on a sled. The children and sled together weigh 550-N. The father pulls the sled with a force of 400-N at an angle of 40 degrees above the horizontal. Avoiding friction, determine out the acceleration of the ..

How much work is completed on the toboggan : A person pulls a toboggan for a distance of 30-m along the snow with a rope directed 25.0° above the snow. The tension in the rope is 98-N.

Procedures that should be considered for detective controls : What would be the procedures that should be considered for detective controls, including independent checks and a system for documents and records?

What is the wavelength of the longest probable standing wave : An 80.7-kg jogger is heading due east at a speed of 1.950 m/s. A 53.60 kg jogger is heading 33.1° north of east at a speed of 2.89m/s. compute the magnitude (enter first) and direction of the sum of momenta of the two joggers.

Individual income tax return project : Prepare the 2011 Federal Individual Income Tax return for Adam & Mary Smith, based on the information supplied above. You may use tax software, OR you may manually prepare the return using the correct IRS forms for 2011.

Standard deviation for the problem of presidential election : In the 1992 U.S. presidential election, Bill Clinton received 43% of the vote compared to 38% for George H. W. Bush and 19% for Ross Perot. Suppose we had taken a random sample of 100 voters in an exit poll and asked them for whom they had voted.

What are the benefits of a comprehensive control program : What are the benefits of a comprehensive control program? If you were advising this corporation, what would be the specific benefits for them?

User Account

All Pages