ACCT 320 Analysis of Investigative Project Design
Order ID 53003233773 Type Essay Writer Level Masters Style APA Sources/References 4 Perfect Number of Pages to Order 5-10 Pages
ACCT 320 Analysis of Investigative Project Design
This aspect of the three-part assignment will relate to the case you described. Assume you are a fraud examiner available for hire. Provide a discussion of the approach you, as an investigator, would use to look into a lead received about the possible fraud. The discussion should include several steps and indicate what documents you anticipate will be available and important during your investigation, whether interviews of individuals will be involved, who those individuals might be, and how you might analyze the collected information.
Assume you have received a general lead, but not all of the facts you laid out in your case presentation. Think through what type of actions may have occurred or might be taking place during your investigation. What records might be a good source to investigate the situation? Oral evidence through interview of individuals can be helpful, but documents are necessary to confirm oral evidence. How can you relate oral evidence to documents you expect to find?
This investigative design should be provided in prose, i.e., narrative writing. For those with audit background, this would be much like an audit program or the expected path you anticipate the investigation to take. The Investigative Design can be posted as a separate document to the Investigative Project Design assignment folder in LEO, or as a single document below your Case Presentation paragraphs.
If you follow the latter approach, you will be able to view both the case description and your proposed investigative approach on the same document. This might be one and a half to two pages of narrative. When the submitted Investigative Design documents are reviewed, if posted with the case design, only the section about the investigation will be reviewed and graded.
A word of caution here! For the steps provided, there needs to be enough wording that a reader can understand what actions you plan to take during the investigation. This is about explaining to a supervisor how you plan to pursue this fraud. A supervisor, if approving your plan, would be committing your organization to spend the funds to support your efforts and the related expenses. Professionalism in this submission is important.
References and in-text citations are appropriate for this part of the three-part assignment. These sources fortify the merit of your approach to the case and often provide insights about the suitability of your approach to a specific case.
ACCT 320 Asset Misappropriation
Accounting fraud is a common evil vice that has seen down many companies globally. Some companies are operating below the profit margin not because they are not profitable but because some employees have decided to embezzle and drain the pocket of the company to satisfy self-interest through schemes possibly known them only such as false account reporting, preparation of materially false account records and journal entries.
Asset misappropriation is the fraud explored, where the employees that were entrusted to protect the assets of the company specifically cash decided otherwise, and instead used their position to embezzle and steal to meet their lavish needs. When the red flags were raised and management ordered for the forensic audit of the financial transactions, it was shocking to establish in 3 years, $5.4 million had been embezzled from the company account to two individual accounts.
The principal accountant for the company was the mastermind that drove the entire process, where he established a link with the officer that approves payment and two junior accountants who verified transactions and ascertained whether they are true or not. Ideally, the principal accountant operated a secondary account with the name of his wife and a fictitious business that was deemed to supply products to the company.
The principal accountant established when actual deliveries were made and payment processing was done, and at this time, he would link junior accountant to have fictitious orders processed and verified, then transmitted to the payment approval officer to recommend for the payments. When the payment was processed and money wired to the principal accountant, each junior accountant was given a kickback of 10% and while the payment approval officer was given 20%.
To avoid detection, expenses and assets were overstated by the amount that had been paid, and principal account being the one that oversaw the preparation of the financial statements, followed on these fictitious transactions keenly to ensure whatever had been embezzled, had securely been concealed in the balance sheet and income statement hence evading controls put in place in the organization.
Additionally, even though separation of duties was a control measure implemented by the organization, the principal accountant used his influence to influence two junior accountants and payment approval officer to bend to his wish, hence circumventing organizational controls.
ACCT 320 Analysis of Investigative Project Design
QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points: Student failed to submit the final paper. 20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. 40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. 50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. Use of Sources (worth a maximum of 20% of the total points). Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. 5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. 10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. 15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. 20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. Grammar (worth maximum of 20% of total points) Zero points: Student failed to submit the final paper. 5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors 10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors 15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. 20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. Structure of the Paper (worth 10% of total points) Zero points: Student failed to submit the final paper. 3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. 5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper 7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. 10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper.
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