PCAOB is authorized to investigate and sanctioned public accounting firms and every individual associated with the firm. Yes, it has assistance from, The Office of Research and Analysis (ORA) supports PCAOB and oversees the board’s activities. ORA identifies audit issues that would make the audit fail. Sanctions could be a fine and/or suspension or revocation of the firm. The Federal Trade Commission is an agency to protect consumer from anti-competitive business practice, (monopoly) I believe that is a waste of an agency.
For example in reference to overstated revenues; computer assisted audit techniques can be useful in identifying unusual or unexpected revenue relationships or anomalies in transactions. Essentially computer programs can be programed look for anomalies in many areas of fraud as well as being able to separate and keep evidence organized by category which can be essential when going to court to give testimony. 3- 9. Where might financial statement fraud occur in a company (e.g., what are some red flags)? According to SAS No.
• SEC-Securities and Exchange Commission: The SEC’s purpose is to “serve as a repository and examiner for registration statements filed by companies planning to sell stock to the general public; providing information on securities to investors; advising on some bankruptcy reorganizations; and investigating and initiating action when federal securities laws are violated and frauds are committed.” The SEC’s job is to protect investors by regulating a policing the securities market. Friedrichs, David O. Trusted Criminals: White Collar Crime In Contemporary Society, 4th Edition. Cengage Learning, 06/2009. VitalBook file.
FTOverview As the CISO for VL Bank I was recently informed of the crime being committed against our customers. I have been tasked with investigating this crime and finding a swift resolution for our customers and to do everything within my power to bring the attacker(s) to justice. After carefully considering the document prepared by my information security analysts I have determined not only which laws apply to this crime but also the necessary steps taken to further the investigation and how to prevent security issues in the future. Two Laws that Apply to this Case After examining various case laws I have deduced the following laws apply in this case, they are the Computer Fraud and Abuse Act and the Electronics Communications Privacy Act. The Computer Fraud and Abuse Act explicitly states “when a trespass is made with an intent to defraud that results in both furthering the fraud and the attacker obtaining something of value” (Gallegos & Senft, 2009).
ACC 564 Assignment 2 – Hacking the AIS http://homeworktimes.com/downloads/acc-564-assignment-2-hacking-the-ais/ In today’s technology environment, hackers present a substantial risk to a firm’s accounting or business system. As the result of these attacks, firms suffer huge losses, ranging from financial losses to losses in confidence by consumers, creditors, and suppliers. Firms may have made a significant investment in financial and non-financial resources to secure these systems. For this assignment, research the Internet or Strayer databases for information related to business systems that have been hacked. Write a five to seven (5-7) page paper in which you: Based on the information you researched, evaluate the level of responsibility
IT550 Assignment Unit 1 Kaplan University As the digital age progresses, more and more business is conducted electronically. Symbiotically illegal activities of those that wish to prosper from security vulnerabilities will increase. Cybercrime can be motivated by a number of factors including terrorism. Cyberterrorism is any terrorist act that uses computers as the vehicle for their attack. Cyber terrorists can be motivated to target organizations that will result in the radical’s group to cause the most harm and/or receive the most attention for their party.
An employee theft is any intentional misappropriation of employer property, including fraud, embezzlement or forgery. It can involve a single low-level employee or a complex scheme involving many trusted senior employees. In order to collect under the crime coverage of an insurance policy, the theft must: Be a proven act of Disloyalty/Defalcation by an employee. Whose intent is to wrongfully deprive the insured of money or property? Directly causing a proven loss.
What is meant by the term lapping? How might an employee use lapping to conceal skimming? DQ 6: What are the three types of billing schemes? What type of proactive test is used to detect these schemes? ACC 375 Week 4 Individual Assignment Unethical Behavior Individual: Unethical Behavior
Make a recommendation to the CFO for the issuance of restated financial statement restatement. Identify at least three (3) significant issues that can result from the failure to issue restated financial statements. Examine the economic effect of restatement of the financial statements on investors, employees, customers, and creditors. Use five (5) quality academic resources in this assignment. Note: Wikipedia and other Websites do not qualify as academic resources.
Make a recommendation to the CFO for the issuance of restated financial statement restatement. Identify at least three (3) significant issues that can result from the failure to issue restated financial statements. Examine the economic effect of restatement of the financial statements on investors, employees, customers, and creditors. Use five (5) quality academic resources in this assignment. Note: Wikipedia and other Websites do not qualify as academic resources.