Discuss implication of the selecte component or control area


PPT and Essay Homework

Power Point Presentation

Develop a slide show providing general information to your colleagues about the component of internal control from the COSO framework you wrote about in your final project report. Identify the component you selected, how you related that component to an effective system of controls. Your colleagues will be interested in why you selected the component you did. Indicate why you think this component is of particular value to an overall system? Are there any particular concerns you have for individuals in applying this component? The slide show is not necessarily limited in length, but an appropriate slide show would probably include no less than four slides and is not likely to include more than ten.

The ability to develop a slide show is often very important in one's career. This homework provides an opportunity for students new to this activity a chance to practice. There is a balance between providing a full explanation in a report or narrative writing and using a slide show to highlight key issues. As we all have encountered in some venue, often items referenced in a slide show are discussed by an oral presenter in front of a group. Most successful slide shows include bullet lists with the key points that would be discussed if you presented your case before the class or a live audience.

Slide shows are not a place for a copy and paste of the words from your narrative submissions. Also, most of us have been to a presentation and heard the presenter refer to one of the slides as "sort of like an eye chart," because the text is too small to see and read. Summarize on your slides, rather than including long text. A very good slide show should be suitable for you to stand up and present to an audience.

Fraud Project Report

Our classroom includes access information to the recent publications of the Committee of Sponsoring Organizations of the Treadway Commission (COSO). The COSO Framework for Internal Control is the most recent guidance helpful to organizational leaders seeking to develop and implement good systems of internal control.

Access information is available from the Content area within our classroom. It might be necessary to copy and paste the URL address provided into your Internet access system (for example, Safari, Chrome, or Internet Explorer). The necessary access code and password are provided.

For this homework, select one Component of Internal Control discussed in the framework:

i. Control Environment
ii. Risk Assessment
iii. Control Activities
iv. Information and Communication
v. Monitoring Activities

Discuss the implications of the selected component or control area. How does this relate to the types of fraud you have studied during the course, like larceny? How do the controls you selected build a better culture in an organization? You might refer to a case you presented during the class and how the issues from that case might have been avoided, if this component of internal control had been applied effectively.

i. When you select one of the components from the internal control framework, you are not necessarily stating your view that one is best compared to the others, since each has a unique role in the whole.

ii. Toward the end of your discussion of the component you considered, comment on how that component interacts with or supports other components in making up the whole. That is the point of this ending.

Format your homework according to the following formatting requirements:

i) The answer should be typed, using Times New Roman font (size 12), double spaced, with one-inch margins on all sides.

ii) The response also includes a cover page containing the title of the homework, the student's name, the course title, and the date. The cover page is not included in the required page length.

iii) Also include a reference page. The Citations and references must follow APA format. The reference page is not included in the required page length.

Attachment:- Internal-Control.rar

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Accounting Basics: Discuss implication of the selecte component or control area
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