Chat with us, powered by LiveChat ACC100 Strayer Accounting Fraud in Large Public Companies Discussion | Abc Paper
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As discussed in the video introduction,
accounting fraud in large public companies has produced its fair share
of major news headlines over the past 20 years. Even though laws like
Sarbanes Oxley have been put in place to minimize the opportunity for
financial fraud, the threat is still real in today’s corporate
environment. Imagine you have been hired to oversee the financial audit of a
major company in your city. During the audit, one of the company’s
employees has disclosed a potential fraud situation involving an
accounting department supervisor. In addition to alerting your own manager about the situation,
which one of the following options below would you choose to perform
next as you proceed with your investigation? Only choose one.Option A: Gather additional information by interviewing other company employees.Option B: Meet with other members of the management team to
discuss the company’s current internal controls for preventing fraud.Why do you feel your choice would be most effective?Discuss the reasoning for your selection.

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