Homework: COSO's Internal Control Integrated Framework
Overview
For this homework, pick a health care organization of your choice. It could be a hospital, large clinic, or care facility.
Read these articles before you begin the homework:
i. The COSO Framework in Emerging Technology Environments: An Effective In-Class Exercise on Internal Control. Journal of Emerging Technologies in Accounting.
ii. COSO Internal Control - Integrated Framework: An Implementation Guide for the Healthcare Provider Industry.
Instructions
Write a 4 to 5 pages paper in which you:
i. Identify at least three of the five different 2013 framework elements that focus on internal control. Make sure that elements connected are related to financial reporting of the organization. Provide your rationale on the reasoning that the selected elements are tied to the financial reporting process in the organization. These are located in Chapter 3 in your textbook.
ii. Design a method in AIS where it can be integrated in the health care industry that will improve the efficiency of its operations.
iii. Design a method in AIS where it can be integrated in the health care industry that will improve the communication of the chosen health care organization.
iv. Draft a one-page recommendation at the end of the document directed to the CEO explaining the findings, recommendations, and benefits of installing an accounting information system. Make sure you are specific in your recommendations.
Format your homework according to the following formatting requirements:
i) The answer should be typed, using Times New Roman font (size 12), double spaced, with one-inch margins on all sides.
ii) The response also includes a cover page containing the title of the homework, the student's name, the course title, and the date. The cover page is not included in the required page length.
iii) Also include a reference page. The Citations and references must follow APA format. The reference page is not included in the required page length.
The specific course learning outcome associated with this homework is:
i. Establish the proper control environment to oversee and control processes using an accounting information system.