3. Justify at least three (3) fundamental items that should be included in a whistleblower policy. Provide a rationale for your selection of each of the three (3) recommended items. 4. Use at least three (3) quality resources in this assignment.
Chapter 1 Introduction and Statement of the Problem Introduction Phishing is the term used to describe massive e-mails that trick recipients into revealing their personal or company confidential information, such as social security and financial account numbers, account passwords and other identity or security information. These e-mails request the user’s personal information as a client of a legitimate entity with a link to a website that looks like the legitimate entity’s website or with a form contained in the body of the e-mail. The aim of phishing is to steal a user’s identity in order to make fraudulent transactions as if the Phishers were the user .In a typical phishing attempt, you will receive an authentic-looking email message that
These goals are accomplished using tangible countermeasures ranging from fencing and lighting to electronic surveillance equipment and carefully defined policies and procedures. The basic concept of physical security is to create barriers or obstacles that will protect people, their assets, and the environment. While people are not always the threats that businesses fear, natural disasters are a big part of their problems depending on the areas they live in. Physical security can’t prevent everything but creating protocols and ways to back up systems or to create a way for these businesses to rebuild without completely losing their business is a way to protect. To be prepared for anything is hard to do but with research and good instincts a business could be and feel safe from manmade and natural disasters.
Maxwell Case Fraud Investigation Summary This report deals with the internal investigation of fraudulent activities committed by Anna Thomas of Maxwell and Company. The investigation determined that Anna had been making personal charges and cash withdrawals on Rusher Automotive’s credit card for two and a half years. Introduction The accounting profession believes there are three conditions necessary for fraudulent behavior, as well as a responsibility to to perform quality services with integrity, objectivity, and professionalism. Accounting firms have the responsibility to hire and monitor competent personnel, so they can fulfill their assigned responsibilities. This report will explain how all three conditions were present in Anna’s actions, how Max and Company failed to uphold quality, and describe Anna’s background.
A. What factors should have been considered by Nichols in the risk analysis prepared during the planning phase of the audit? Screening process in the planning phase of the audit would have helped Nichols in determining the following factors: ➢ Nature of the Test ➢ Timing of the test ➢ How extent the Test needs to be Inherent Risk at an account level and overall financial level should have been assessed at the planning phase. Some of the other factors that were needed to be considered by Nichols were: ➢ What risks are present in their business that makes it a risky venture? ➢ Risk associated with the type of product they carry, company may carry products that went obsolete.
Cases like Enron, Madoff and other fraud cases have left companies vulnerable regarding how to resolve potential problems that may be related to fraud. Fraud risk assessments, which is a series of assessments used to determine the likelihood of a member or organization “using deception to make a personal gain dishonestly for oneself and/or create a loss for another (Samociuk & Iyer, 2010).” Through the evaluation of the importance of fraud risk assessment and the elements of a good fraud risk assessment, one can better understand how fraud risk assessments can positively affect the success of a company. Fraud risk assessment is an important element of a successful corporation for several reasons. Most of these reasons revolve around a company's naivete to the potential for fraud. Most corporations state that they did not realize that they had a high risk of fraud, which causes one to ask whether fraud could be prevented (Samociuk & Iyer, 2010).
This source is relative to my auditing collusion research because it discusses audits that are failing due to collusion and many other facets of fraud in the work place. Chauhan, A., & Kenkre, M. (2011). Fraud Investigations - Employee Fraud. Credit Control, 32(3/4), 8-17. Retrieved from
The ethics section is followed by an analysis of the emerging field of corporate social responsibility (CSR) accounting and auditing, an area that might provide answers for companies with challenges similar to those Nike encountered. ETHICAL CONSIDERATIONS When Nike began using traditional advertising methods to broadcast its production practices in response to activist criticism, it began to tread an ethically challenging path. Traditional advertising ethics are insufficient when applied to corporate social responsibility disclosure because the role of “company” intertwines with the role of “citizen,” which is held to a higher ethical standard. Corporate citizens are companies acting in behalf of a social interest, which may or may not affect revenues. These socially beneficial actions raise the ethical standard for such companies because of purportedly
Use the matrix within the help spreadsheet as a guide to develop a report in which you assess the three potential companies as investments. Discuss the risks and valuations issues that are apparent. Make a recommendation on one of these companies and make a clear, convincing argument for the choice. 2. Develop a PowerPoint presentation for the company that you recommend.
Flayton Electronics learns that the security of its customer data has been compromised and faces tough decisions about what to do next. How should Flayton Electronics responded to this crisis. The purpose this case study is to 1) Evaluate the obligation Flayton Electronics has to it’s customers to protect their private data; 2) If you were CEO, develop the communication strategy you would take to notify the customers of the potential security breach; 3) Determine the extent to which Flayton Electronics’ brand was damaged by the Security breach and 4) Recommend procedures that Flayton Electronics should take to prevent future security breaches. 1. Evaluate the obligation Flayton Electronics has to it’s customers to protect their private data.