CJ 350 Project 8

Do you think that Sony’s response to the attack was appropriate? Why or why not? What might Sony and the U.S. government done differently to discourage future such attacks on other U.S. organizations? Are there measures that organizations and the U.S. government can take together to prevent both real-world terrorist violence and cyberattacks? According to a recent report by Gartner, most business users will have access to some sort of self-service BI tool within the next few years; however, Gartner estimates that less than 10 percent of companies will have sufficient data governance practices in place to prevent data inconsistencies across the organization. Why do you think so many companies continue to invest in new analytics tools without implementing governance programs that ensure data consistency?

Which two adjustments are made to the fraud triangle to accommodate predators? • a. The fraud triangle is not meant to differentiate between accidental and predator fraudsters. • b. Criminal mindset and arrogance substitute for pressure and rationalization. • c. Predators have less pressure because they are more likely to be involved in international money laundering and setting up shell companies, particularly in foreign countries. O d. Criminal mindset and opportunity substitute for pressure and rationalization

ACC 622 Chapter 3 Problem 12 a. Using the COSO internal control model for control activities (e.g, transaction authorization, segregation of duties) identify anypotential internal control weakness in the NSC system. b. For each weakness discuss potentila for fraud in the system. c. Make recommendations for correcting each identified control weakness.

QUESTION 24 The U.S. Labor Department filed a complaint against Swatch Group alleging that the Swiss watchmaker improperly used transfer pricing to evade millions of dollars in customs dutles and taxes. O True O False

Research and summarize one of the following international topics related to forensic accounting: Foreign Corrupt Practices Act Panama Papers The link between U.S. used car dealers and international terrorist and drug dealers Transnational money laundering

Required information Chapter 04 Problem 4-31 LO 4-6, 4-9 [The following information applies to the questions displayed below.] Management fraud (e.g., fraudulent financial reporting) is a relatively rare event. However, when it does occur, the frauds (e.g., Enron and WorldCom) can have a significant effect on shareholders, employees, and other parties. The PCAOB's AS 2401, Consideration of Fraud in a Financial Statement Audit, provides the relevant guidance for auditors. Chapter 04 Problem 4-31 Part b LO 4-6, 4-9 b. Select the three conditions that are generally present when fraud occurs: Note: You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Management or other employees have an incentive or are under pressure that provides a reason to commit fraud. Circumstances exist that provide an opportunity for a fraud to be carried…

! Required information Chapter 04 Problem 4-31 LO 4-6, 4-9 [The following information applies to the questions displayed below.] Management fraud (e.g., fraudulent financial reporting) is a relatively rare event. However, when it does occur, the frauds (e.g., Enron and WorldCom) can have a significant effect on shareholders, employees, and other parties. The PCAOB's AS 2401, Consideration of Fraud in a Financial Statement Audit, provides the relevant guidance for auditors. Chapter 04 Problem 4-31 Part c LO 4-6, 4-9 c. Select the items that are most likely to be objectives of the "brainstorming" meeting that is held among the engagement team members: Note: You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. ?Share insights about the entity and its environment and the entity's business risks. ? Provide an opportunity for the team…

Required information Chapter 04 Problem 4-31 LO 4-6, 4-9 [The following information applies to the questions displayed below.] Management fraud (e.g., fraudulent financial reporting) is a relatively rare event. However, when it does occur, the frauds (e.g., Enron and World Com) can have a significant effect on shareholders, employees, and other parties. The PCAOB's AS 2401, Consideration of Fraud in a Financial Statement Audit, provides the relevant guidance for auditors. Chapter 04 Problem 4-31 Part b LO 4-6, 4-9 b. Select the three conditions that are generally present when fraud occurs: Note: You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Management or other employees have an incentive or are under pressure that provides a reason to commit fraud. Circumstances exist that provide an opportunity for a fraud to be carried…

Question 2Wirecard’s auditors are being faced with legal action after the collapse of the scandal-hitGerman payments firm. The German shareholders’ association SdK said it had filed criminal complaint against auditors at Ernst & Young (EY). The accountancy firm, EY refused to sign off Wirecard’s 2019 books after discovering1.9billion euros (US$2.1 billion) of cash had gone missing from its balance sheet. Munich-based Wirecard filed for insolvency, marking a tumultuous fall for the group. Wirecard, which is still listed on the DAX 30, has seen its share price capitulate since the accounting black hole was revealed. EY told CNBC that there were “clear indications that this was an elaborate and sophisticated fraud, involving multiple parties around the world in different institutions, with a deliberate aim of deception.” In an attempt to defend its reputation, the group added that “even the most robust and extended audit procedures” couldn’t uncover what it called a “collusive…

1. Is payment of bribes an unacceptable business practice within the U.S.? Justify youranswer with supporting evidence.

Case Study: Compliance Challenges in an International Subsidiary Introduction: Company XYZ, headquartered in the U.S., operates internationally through subsidiaries in several countries. This case study focuses on a specific international subsidiary that engaged in unethical practices, particularly creating off-the-book accounts to facilitate bribery payments to foreign officials. The subsidiary's lack of compliance measures and internal controls raises significant concerns about its adherence to the U.S. Foreign Corrupt Practices Act (FCPA) and ethical business conduct. Background: The international subsidiary in question has implemented internal controls, but notably, it does not utilize the COSO internal controls framework and lacks a comprehensive compliance program. This omission becomes critical as the subsidiary's actions involve undisclosed payments to foreign officials, leading to potential violations of the FCPA. Violations Under the Internal Control Provisions of FCPA: Use…

Which one(s) of the following most likely represent(s) a source of unsystematic risk? I. COVID-19 II. Russian assault on Ukraine III. A labor strike at an automobile company. III only I and II I, II, and III II only I only

1. The Suez shipping route is one of the most active routes used by commercial ships. Yet, these dangerous waters pose a major threat (of theft and kidnapping) to commercial sailors and the goods they transport. For the purpose of the question, assume that ships have to go through the Suez route and may not avoid it. What should shipping companies do to adapt to this threat? Present at least two things that could be done to reduce the piracy and kidnapping risk?.

Can anyone help?   The Sarbanes-Oxley Act is a product of a series of scandals that took place around the turn of the millennium.   A) Has Sarbanes-Oxley really done anything to curb fraud? B) How does the Sarbanes-Oxley Act affect U.S. companies as they compete globally?

Which of the following is true of internal control? One of the major purposes of internal control is to ensure that the assets are safeguarded. Internal controls are only necessary for beings living on other planets. None of these One of the major purposes of internal control is to ensure employees steal just enough from the company to keep moral high. 40 000

Q10 Which of the following best describes the reason why independent auditors report on financial statements?   a. management fraud may exist and it is more likely to be detected by independent auditors. b. Different interests may exist between the company preparing the statements and the persons using the statements. c. A misstatement of account balances may exist and is generally corrected as the result of the independent auditors' work. d. Poorly designed internal control may be in existence.