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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.