Assignment 5: Capstone Research Project and worth 360 points Imagine you are one of several accountants on a team of independent auditors hired by a new CFO to evaluate the corporation’ s accounting practices and interpretations. Upon your preliminary findings, you suspect possible fraud. The following red flags you see involve the following:
Leases on technology assets seem inflated
Understatement of e-Commerce state tax payments
Fictitious employees receiving post-employment benefits
Hiding cash in order to help in future quarters where earnings do not meet analyst’s expectations
Concealing inventory shrinkage because it seems low for the industry
Write an 8-10 page paper in which you:1. Research the appropriate GAAP rules that will assist you in determining if fraud is taking place in each of the five (5) scenarios mentioned above.2. In your opinion, as a body of rules and regulations, discuss whether or not these rules are sufficient to minimize fraudulent activities in organizations.3. Explain the consequences of the fraudulent activities to the organization.4. Recommend how each red flag can be corrected. Describe who and what is involved. 5. Recommend internal controls to prevent these red flags from reoccurring in the future. Describe who and what is involved.6. Incorporate at least five (5) reputable sources to support your paper.Your assignment must:
Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; references must follow APA or school-specific format. Check with your professor for any additional instructions.
Include a cover page containing the tile of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required page length.
The specific course learning outcomes associated with this assignment are:
Analyze accounting situations to apply the proper accounting rules and make recommendations to ensure compliance with generally accepted accounting principles.
Analyze business situations to determine the appropriateness of decision making in terms of professional standards and ethics.
Analyze business situations to evaluate organization culture and internal controls to ensure that financial statements are presented fairly, not deceptively or fraudulently.
Analyze business situations and apply advanced federal taxation concepts.
Use technology and information resources to research issues in accounting.
Write clearly and concisely about accounting using proper writing mechanics.
willing to pay $50... last time they did not re-credit my account for a paper that was incorrect... I need an original paper please.
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