Homework
For this homework, you will represent a company that does not currently have an accounting information system (AIS) established. Make sure you clearly identify the business line, product type, and market position.
Read this article before you begin:
o Identifying the Absence of Effective Internal Controls: An Alternative Approach for Internal Control Audits.
Instructions
Write a 3 to 4 pages paper in which you:
o Identify at least four different areas where there could be potential accounting fraud in a company. Make sure you elaborate on your reasoning for why accounting fraud could occur as well as the financial implications on the organization.
o Design a method of detection and a method of limiting the possible financial fraud. Provide support for your arguments and rationale using support from your text and supplemental readings.
o Provide support for arguments and rationale using AIS knowledge and recent AIS literature.
o Draft a one-page recommendation at the end of the document directed to the CEO explaining the findings, recommendations, and benefits of installing an accounting information system. Make sure you are specific in your recommendations. This is an additional page and not included in the original 3 to 4 pages paper.
Format your homework according to the following formatting requirements:
o The answer should be typed, using Times New Roman font (size 12), double spaced, with one-inch margins on all sides.
o 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.
o Also include a reference page. The Citations and references must follow APA format. The reference page is not included in the required page length.
The specific course learning outcome associated with this homework is:
o Assess the accounting process of a business to determine the need for an accounting information system to prevent fraud.