Click the Assignment Files tab to submit your assignment as a Microsoft® Word
Document.
Copy and paste the questions onto a Word document. Write a brief response using the
information found in Chapter 4 and integrate it with what you have learned in the course
this semester.
Submit your assignment on the Assignments tab.
·
What does it mean to create a ―Culture of Honesty, Openness, and Assistance?‖
Give an example from an organization with which you have been affiliated.
·
Codes of Conduct and Conflict of Interest Forms are often called ―soft‖ controls.
What does this mean?
·
What does it mean to have a good system of internal controls? Give some examples
of inte rnal 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?