For this assignment, research the Internet or Strayer databases to locate a firm that was involved in a fraud and / or embezzlement case.
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 an eight (8) page paper in which you:
1. Based on the information you researched, assess the failure of the firm’s accounting information system to prevent the related fraud / embezzlement.
2. 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.
3. Determine what advances in accounting and / or information technology could have prevented the event from occurring. Provide support for your argument.
4. 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.
5. 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.
6. 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 New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
• Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.
The specific course learning outcomes associated with this assignment are:
• Analyze the business activities that comprise an accounting information system to determine the information needs to support decision-making function.
• Use technology and information resources to research issues in accounting information systems.
• Write clearly and concisely about accounting information systems using proper writing mechanics.
Click here to view the grading rubric for this assignment.
Grading for this assignment will be based on answer quality, logic / organization of the paper, and language and writing skills, using the following rubric.
Points: 280 Assignment 3: Fraud in the AIS
Criteria Unacceptable
Below 70% F Fair
70-79% C Proficient
80-89% B Exemplary
90-100% A
1. Based on the information you researched, assess the failure of the firm’s accounting information system to prevent the related fraud / embezzlement.
Weight: 15% Did not submit or incompletely assessed the failure of the firm’s accounting information system to prevent the related fraud / embezzlement. Partially assessed the failure of the firm’s accounting information system to prevent the related fraud / embezzlement. Satisfactorily assessed the failure of the firm’s accounting information system to prevent the related fraud / embezzlement. Thoroughly assessed the failure of the firm’s accounting information system to prevent the related fraud / embezzlement.
2. 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.
Weight: 15% Did not submit or incompletely evaluated the effectiveness of the firm’s stakeholder in the event that a third-party accounting system suffers a breach, imagining that the company you researched uses a third-party accounting system. Did not submit or incompletely included an assessment of the level of responsibility of the software provider to the business and its clients. Did not submit or incompletely provided support for your rationale. Partially evaluated the effectiveness of the firm’s stakeholder in the event that a third-party accounting system suffers a breach, imagining that the company you researched uses a third-party accounting system. Partially included an assessment of the level of responsibility of the software provider to the business and its clients. Partially provided support for your rationale. Satisfactorily evaluated the effectiveness of the firm’s stakeholder in the event that a third-party accounting system suffers a breach, imagining that the company you researched uses a third-party accounting system. Satisfactorily included an assessment of the level of responsibility of the software provider to the business and its clients. Satisfactorily provided support for your rationale. Thoroughly evaluated the effectiveness of the firm’s stakeholder in the event that a third-party accounting system suffers a breach, imagining that the company you researched uses a third-party accounting system. Thoroughly included an assessment of the level of responsibility of the software provider to the business and its clients. Thoroughly provided support for your rationale.
3. Determine what advances in accounting and / or information technology could have prevented the event from occurring. Provide support for your argument.
Weight: 15% Did not submit or incompletely determined what advances in accounting and / or information technology could have prevented the event from occurring. Did not submit or incompletely provided support for your argument. Partially determined what advances in accounting and / or information technology could have prevented the event from occurring. Partially provided support for your argument. Satisfactorily determined what advances in accounting and / or information technology could have prevented the event from occurring. Satisfactorily provided support for your argument. Thoroughly determined what advances in accounting and / or information technology could have prevented the event from occurring. Thoroughly provided support for your argument.
4. 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.
Weight: 20% Did not submit or incompletely evaluated 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. Partially evaluated 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. Satisfactorily evaluated 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. Thoroughly evaluated 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.
5. 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.
Weight: 20% Did not submit or incompletely recommended a strategy that the company you indicated may use to prevent future business information failures. Did not submit or incompletely indicated how the company should approach the implementation of your recommended strategy. Did not submit or incompletely provided support for your recommendation. Partially recommended a strategy that the company you indicated may use to prevent future business information failures. Partially indicated how the company should approach the implementation of your recommended strategy. Partiallyprovided support for your recommendation. Satisfactorily recommended a strategy that the company you indicated may use to prevent future business information failures. Satisfactorily indicated how the company should approach the implementation of your recommended strategy. Satisfactorilyprovided support for your recommendation. Thoroughly recommended a strategy that the company you indicated may use to prevent future business information failures. Thoroughly indicated how the company should approach the implementation of your recommended strategy.Thoroughlyprovided support for your recommendation.
6. 3 references
Weight: 5% No references provided Does not meet the required number of references; some or all references poor quality choices. Meets number of required references; all references high quality choices. Exceeds number of required references; all references high quality choices.
7. Clarity, writing mechanics, and formatting requirements
Weight: 10% More than 6 errors present 5-6 errors present 3-4 errors present 0-2 errors present
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