ACC 556 ASSIST Great Stories /acc556assist.com ACC 556 ASSIST Great Stories /acc556assist.com | Page 50

·
What does it mean to have a good system of internal
controls? Give some examples of internal controls.
·
Whistleblower policies and procedures? Good or bad idea?
Why?
·
Symptoms of fraud can be separated into six groups: (1)
accounting anomalies, (2) internal control weaknesses, (3)
analytical anomalies, (4) extravagant lifestyle,
·
(5) unusual behavior, and (6) tips and complaints. Discuss
three.
·
Discuss the elements of a good fraud report.
·
What does ―Tone at the Top‖ mean?
·
Discuss the relative oversight responsibility of the audit
committee, management, internal audit and independent auditors
as it pertains to fraud.
·
Summarize the five steps of managing the Business Risk of
Fraud.
·
Define and explain ERM.
·
What is a risk assessment? What are the steps to complete
one?
·
Give some examples of how technology may be used in
fraud prevention.
·
Explain FCPA and the U.K. Bribery Act. Why all the fuss?