For this assignment , research the Internet or databases to locate a firm that was involved in a fraud and / or embezzlement case . Explain how the firm ’ s accounting information system ( i . e ., components and functions ) contributed to the fraud and / or embezzlement . You will need to focus on how each component / function of the accounting information system failed , which resulted in the scandal / case .
Write a ten to twelve ( 10-12 ) page paper in which you :
Based on the information you researched , assess the failure of the firm ’ s accounting information system to prevent the related fraud / embezzlement . Imagine that the company that you researched uses a third-party accounting system . Evaluate the effectiveness of the firm ’ s stakeholder in the event that a third-party accounting system suffers a breach . Include an assessment of the level of responsibility of the software provider to the business and its clients . Provide support for your rationale . Determine what advances in accounting and / or information technology could have prevented the event from occurring . Provide support for your argument . Evaluate what changes should be made to both the Sarbanes-Oxley Act of 2002 and other current laws in order to make them more effective in deterring companies from committing crimes . Recommend a strategy that the company you indicated may use to prevent future business information failures . Indicate how the company should approach the implementation of your recommended strategy . Provide support for your recommendation . Use at least three ( 3 ) quality resources in this assignment . Note : Wikipedia and similar Websites do not qualify as quality resources .
Your assignment must follow these formatting requirements :
Be typed , double spaced , using Times Roman font ( size 12 ), with one-inch margins on all sides ; citations and references must follow