Review and add a summary – Assignment Help

Please review the following from the ACFE 2018 Report to the Nations and add to my summary below regarding your posting about an effective control system and the role management plays.

Beware of the Tone at the Top

Thirty percent of the responses denoted lack of internal controls contributes to fraud, while 19% of the responses denote override of existing controls as a contribution to fraudulent behavior. Also, if the tone at the top is negative, this is another weakness. Poor tone at the top is to blame for 23% of internal control weakness for financial statement fraud, 18% for corruption and 9% for asset appropriation.

***MY POST BELOW***

The financial analysis of an organization indicates the financial health of the organization, which gives an overview of the firm’s growth and sustainability in the long term. Financial fraud affects financialanalysis by creating a false picture of the revenues, the profits, solvency, operational efficiency, capital efficiency and liquidity (Seitz, Oeding, &Weise, 2015). As a fraud investigator, I would use liquidity analysis as a component of financial analysis to support my investigation for two reasons. Firstly, these ratios measure the ability of a firm’s cash to offset its expenses. Notably, fraud may adversely affect the cash and liability accounts, which will, in turn, be visible for scrutiny. As well, this fraud will reduce the firm’s interest coverage ratio implying that my evidence will support the firm’s inability to pay its interest expenses on time.

According to Seitz, Oeding, and Weise (2015), a firm must uphold its investors’ rights by maintaining an effective control system that provides a platform for whistleblowers to provide beneficial information in preventing financial fraud. In the light of the case scenario, it is clear that improper depreciation occurred; there was embezzlement of funds and mismanagement of inventory. As such, I used the financial dashboard tool to maintain snapshots of the firm’s financial health to identify instances of fraud. As well, the expense tracking tool provided expense recording software that keeps a record of all cash expenses. Finally, I applied the liquidity analysis that is a component of financial analysis to identify the current and the interest coverage rations necessary to investigate the firm’s liquidity.

Reference:

Seitz, J., Oeding, J., & Weise, M. (2015). Is it ethical for the U.S. government to offer financial awards to potential whistleblowers of financial statement fraud and internal control violations? Journal of Theoretical Accounting Research, 10(2), 68-90.

The post Review and add a summary appeared first on ESSAY PAPER.


Review and add a summary was first posted on February 7, 2021 at 2:26 pm.
©2019 "ESSAY PAPER". Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at ALL ANSWERS

Place your order
(550 words)

Approximate price: $22

Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more