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Complete the Week 6 Short Answer Quiz.
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 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.