We hear it in the news, we see it on 60 Minutes, 20/20 and we read about it in the paper, but often many businesses think they’re invulnerable to fraud. Owners and managers alike, believe that because they have a set of internal controls that their businesses are protected. This mindset of “if it’s not broken why fix it?”, begs the question do they really know “it’s” not broken?
As we’ve seen in the last two videos this complacent attitude has severe consequences, not only financially but publicly as well.
The article “The Four Elements of Fraud” focuses in on behavior – and offers insight to risk factors involved with fraudulent behavior and those behaviors that companies should keep an eye out for. While this is an older article, the fundamentals remain today.
Before reading the article:
Pretend you own your own business. You are a sole proprietor with three employees. One employee is a sales person; one employee is a bookkeeper and the other employee is in shipping. You have a product that is very popular amongst college students and therefore sales are amazing – and the company sustains itself very nicely. As the owner, you tend to travel to develop personal relationships with College Presidents; and Marketing VP’s.
After reading the article: Keeping the above scenario in mind (you’re the owner, etc.) respond to the prompt below in proper written format (please follow this Discussion Board Requirements & Rubric) and answer the following:
Prompt: As the owner of this company, what type of internal controls do you have in place to ensure that while you’re away the mice won’t play (ahem, engage in fraudulent behavior)? List at least four internal controls; and what type of protection of fraudulent behavior they control” or in other words will provide protection from.
Need 300 Words or 1 Page
and Plagiarism Report
Please read attached document for reference
We value our customers and so we ensure that what we do is 100% original..
With us you are guaranteed of quality work done by our qualified experts.Your information and everything that you do with us is kept completely confidential.
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
The Product ordered is guaranteed to be original. Orders are checked by the most advanced anti-plagiarism software in the market to assure that the Product is 100% original. The Company has a zero tolerance policy for plagiarism.Read more
The Free Revision policy is a courtesy service that the Company provides to help ensure Customer’s total satisfaction with the completed Order. To receive free revision the Company requires that the Customer provide the request within fourteen (14) days from the first completion date and within a period of thirty (30) days for dissertations.Read more
The Company is committed to protect the privacy of the Customer and it will never resell or share any of Customer’s personal information, including credit card data, with any third party. All the online transactions are processed through the secure and reliable online payment systems.Read more
By placing an order with us, you agree to the service we provide. We will endear to do all that it takes to deliver a comprehensive paper as per your requirements. We also count on your cooperation to ensure that we deliver on this mandate.Read more