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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 oneinch margins on all sides; citations and references must follow APA or