Homework: Financial Statement Fraud
Overview
For this homework, imagine you are as a certified fraud examiner. You have been hired by the Securities and Exchange Commission (SEC) as a fraud prevention and detection expert. The position you were hired for is to provide training to SEC employees on lessons learned from financial statement fraud committed by publicly traded companies.
Using the Internet or Strayer databases, research at least two major fraud cases that were a result of financial statement fraud.
Instructions
Write 4 to 6 pages paper in which you:
• Assess the culture of the organizations that you researched, analyzing the corporate culture or "tone at the top."
• Assess the causes of the financial statement fraud(s) and the effectiveness of fraud prevention and detection at those companies based on the research you conducted. Provide support for your assessment.
• Propose what could/should have been implemented in those companies that would have prevented or detected the fraud, indicating who should have been responsible for the implementation. Provide support for your proposal.
• Explore the roles and responsibilities at these companies and assess whether that contributed to the fraud, indicating how these roles should be changed to prevent future fraudulent activity. Provide support for your rationale.
• Evaluate the effectiveness of SEC regulations and requirements, indicating improvements needed to detect fraud in the future. Provide support for your recommendations.
Format your homework according to the give formatting requirements:
• The answer must be using Times New Roman font (size 12), double spaced, typed, with one-inch margins on all sides.
• The response also includes a cover page containing the student's name, the title of the homework, the course title, and the date. The cover page is not included in the required page length.
• Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.
The specific course learning outcome associated with this homework is:
• Propose fraud prevention strategies based on corporate culture, financial statement fraud, and leadership responsibilities at a given company.