Overview
As the senior internal auditor for Innovative Hockey Gear, LLC, you
have determined the appropriate fraud detection policies. Now you are
working with your team to draft a fraud prevention and detection plan.
Use the Internet to research the key
elements of a fraud prevention and detection program and prepare a
plan.
Write a 4-6 page paper in which you:
Evaluate the key elements that should be included in the plan,
including a justification as to how the element is likely to protect
corporate assets and minimize risk based on your research.
Create an argument to be presented to the senior leadership in
support of a fraud prevention and detection plan, indicating the
consequences of failure to implement the plan. Provide support for your
argument.
Create an approach to identify the roles and responsibilities of key
personnel in the organization, indicating the significance of each role
in the fraud prevention and detection equation. Provide support for
your rationale.
Compare the roles of management, internal auditors, external
auditors, governing bodies, and the board of directors, and assess how
each can contribute to your fraud prevention and detection plan.
Evaluate the tools that you would propose to use to make your plan
more effective in mitigating or eliminating fraud and how you would
justify the risk/reward ratio of each tool recommended.
Prepare a fraud prevention and detection plan based on your
findings, indicating how you would communicate the plan to employees
throughout the organization.
Predict the future occurrences of corporate fraud and the likelihood
that it will be detected by regulatory agencies based on your research.
Provide support for your rationale.
Use at least three quality resources in this assignment. Note: Wikipedia, Investopedia, and similar websites do not qualify as quality resources.
As the senior internal auditor for Innovative Hockey Gear, LLC, you
have determined the appropriate fraud detection policies. Now you are
working with your team to draft a fraud prevention and detection plan.
Use the Internet to research the key
elements of a fraud prevention and detection program and prepare a
plan.
Write a 4-6 page paper in which you:
Evaluate the key elements that should be included in the plan,
including a justification as to how the element is likely to protect
corporate assets and minimize risk based on your research.
Create an argument to be presented to the senior leadership in
support of a fraud prevention and detection plan, indicating the
consequences of failure to implement the plan. Provide support for your
argument.
Create an approach to identify the roles and responsibilities of key
personnel in the organization, indicating the significance of each role
in the fraud prevention and detection equation. Provide support for
your rationale.
Compare the roles of management, internal auditors, external
auditors, governing bodies, and the board of directors, and assess how
each can contribute to your fraud prevention and detection plan.
Evaluate the tools that you would propose to use to make your plan
more effective in mitigating or eliminating fraud and how you would
justify the risk/reward ratio of each tool recommended.
Prepare a fraud prevention and detection plan based on your
findings, indicating how you would communicate the plan to employees
throughout the organization.
Predict the future occurrences of corporate fraud and the likelihood
that it will be detected by regulatory agencies based on your research.
Provide support for your rationale.
Use at least three quality resources in this assignment. Note: Wikipedia, Investopedia, and similar websites do not qualify as quality resources.
