Development of an Anti-Fraud Program

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Development of an Anti-Fraud ProgramThis Portfolio Project option has two parts: a written report and a PowerPoint presentation.

A typical organization loses a certain percentage of annual revenue to fraud. The potential for fraud occurs in all organizations, regardless of the industry in which it operates, financial structure, or size. Every organization is vulnerable to fraud. The risk of fraud should be reduced as much as possible to improve the longevity of the organization. Hence, preventing, deterring, and detecting fraud are crucial to the success of organizations. Deterring and preventing fraud can be more economical than detecting, investigating, and recovering from fraud after the fact. These anti-fraud measures must start at the top and must be communicated throughout the organization. They must go beyond internal controls yet consider the cost-benefit.

Develop an anti-fraud program, or model, that can be implemented in any organization. In other words, don’t apply the model to a specific organization. The model, if applied correctly, must be efficient in preventing, detecting and deterring fraud. At minimum, your model must address the following factors:

  • Fraud risk assessment
  • Employees’ Code of Conduct
  • Policies and procedures to prevent, deter, and detect fraud
  • Technical tools to prevent, deter, and detect fraud (i.e. SQL, ODBC, Digital Analysis, etc.)
  • Cost-benefit analysis

Resources to consider:

  • AICPA. (n.d.). Managing the business risk of fraud: A practical guide. Retrieved from https://competency.aicpa.org/media_resources/209048-managing-the-business-risk-of-fraud-a-practical-gu/detail
  • Protiviti. (n.d.) Evaluating your anti-fraud program. Retrieved from https://www.protiviti.com/US-en/insights/suggestions-evaluating-your-anti-fraud-program

The Portfolio Project preliminary deliverables are as follows:

  • Week 6: Submit the proposed final references section for your project (description below).

Part 1: Requirements for the paper:

  • Demonstrate your comprehension of the course material.
  • Use professional business language.
  • 12 pages in length (double-spaced), not including the cover and reference pages. Supporting documents (i.e. charts, graphics, etc.) should be included as addendums to your report and not in the body of the report.
  • Formatted according to the APA format.
  • Include a minimum of 7-8 credible, academic or professional references
  • In addition to your written report, prepare a PowerPoint to present your Anti-Fraud Program to management.

Part 2: Requirements for the presentation:

  • 8 slides, not including the cover and reference slides.
  • Demonstrate your comprehension of the course material.
  • Use professional business language.
  • Include slides that are professional in appearance and not too wordy.
  • Include voiceover that is clear and have minimal background noise (If you do not use the Voiceover feature, you must provide detailed notes in the “Notes” area to support the information presented on your slides).
  • Citations and references should be formatted according to the APA format.

Requirements for the final deliverables:

  • Submit 2 files:
    • PowerPoint presentation
    • Word document

Week 6: At this point you should have established the list of references that will be used to support the content of your paper. Submit the proposed references section of your paper to your instructor. Be sure that you have included a minimum of six references based on the source documents you will use when you prepare your final Portfolio Project due in Module 8. Also, include a list of financial and technical tools to be used in the model.

Ademola, L. S., Ch-Ahmad, A. B., & Popoola, O. J. M. (2017). The forensic accountants’ skills and ethics on fraud prevention in the Nigerian public sector. Academic Journal of Economic Studies, 3(4), 77-85.

Albrecht, W. S., Albrecht, C. O., Albrecht, C. C., & Zimbelman, M. F. (2019). Fraud examination (6th ed.). Boston, MA: Cengage Learning.

Association of Certified Fraud Examiners (ACFE). (2018). 2018 Report to the nations on occupational fraud and abuse. Retrieved from https://www.acfe.com/rttn2016/about/executive-summary.aspx

Heitger, L., & Greer, O. L. (2018). Forensic accountants to the rescue. Strategic Finance, 99(9), 48-53.

Jaggi, J. (2020). When Does the Internal Audit Function Enhance Audit Committee Effectiveness?

Kreuter, E. (2017). Forensic accounting: A value-adding skill for the CPA. The CPA Journal, 87(11), 6-

Demonstrate how to create a 24 month qualitative forecast.

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The purpose of this assignment is for you to demonstrate how to create a 24 month qualitative forecast. Its expected outcomes should have the student provide an understanding of how a customer’s demand is forecasted, assessed and measured for accuracy and customer satisfaction.

Instructions:

Jones Company distributes power supplies used for electronic toys. They have been in business for five years and the past five-year demand for power supply X52 is the following:

Year

Demand

1

12,925

2

17,263

3

22,512

4

28,765

5

31,646

Assume it’s January 1 and Jones needs help with developing the forecast for the next two years.Complete the following tasks to help Jones:

  1. Create a 24-month qualitative forecast. You can use a method of your choosing. Make sure you identify the assumptions you relied on and discuss how you developed the forecast.

2. Create a linear regression forecast for the next two years. MAKE SURE TO SHOW ALL CALCULATIONS FOR FULL CREDIT. Assume your forecast for the first six months of the first year is the following: JAN 2,000; FEB 2,800, MAR 3,200, APR 2,800; MAY 3,500; JUNE 3,300. Also, assume actual customer demand is the following: JAN 2,500; FEB 2,700, MAR 3,000, APR 2,600; MAY 3,200; JUNE 3,000. The acceptable tracking signal target is 1.5. Will you need to update your forecast for Jones? If so when should you do this? MAKE SURE TO SHOW ALL CALCULATIONS FOR FULL CREDIT.

  1. Write amemosummarizing and defining the conclusionsdrawn in completing your two year linear regression forecast.Yourmemo is tobe addressed to theCEO of Jones Company(Amanda Jones).

NOTE: All submitted work is to be your original work. You may not use any work from another student, the Internet or an online clearinghouse. You are expected to understand the Academic Dishonesty and Plagiarism Policy, and know that it is your responsibility to learn about instructor and general academic expectations with regard to proper citation of sources as specified in the APA Publication Manual, 6th Ed. (Students are held accountable for in-text citations and an associated reference list only).

Required Elements of the CustomerQualitative ForecastMemo:

  1. Create a 24-month qualitative forecast. You can use a method of your choosing. Make sure you identify the assumptions you relied on and discuss how you developed the forecast.
  2. Create a linear regression forecast for the next two years.
  3. Create amemosummarizing your work, and clearly defining, supporting and explaining the logic used in drawingyour conclusions. The memoshould be suitable forpresentation to the CEO of Jones Company and addressed to same (Amanda Jones).All conclusions must be substantiated by the course material. Use of outside sources is not acceptable.

Required Formatting of CustomerQualitative ForecastMemo:

  • This report should be double spaced (despite the fact that a regular business memo is single spaced), 12-point font, title page, intext citations and reference page,andfollow the headingsformat found in this linkOwl English Perdue Business Memo Format.
  • Third person writing is required.Third person means that there are no words such as “I, me, my, we, or us” (first person writing), nor is there use of “you or your” (second person writing).If uncertain how to write in the third person, view this link:http://www.quickanddirtytips.com/education/grammar/first-second-and-third-person;
  • Contractions are not used in business writing, so you are expected NOT to use contractions in writing this assignment.
  • Use APA formatting for in-text citations and reference page. You are expected to paraphrase and not use quotes. Deductions will be taken when quotes are used and found to be unnecessary;
  • The expectation is that you provide a robust use of the course readings.No other books besides the course eBook can be used. Whenusing a source document, the expectation is that the information is cited and referenced with a page or paragraph number;
  • Do not use wiki files;

SPAIN, ENGLAND AND THE NEW WORLD

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SPAIN, ENGLAND AND THE NEW WORLD
English Colonization and Jamestown

After reviewing the materials for English Colonization and Jamestown from the Background materials, please answer the following short-answer questions:

Why did the English select the site they did? Was it a good choice: why or why not?
What was the original purpose of the expedition that founded Jamestown?
What saved the Virginia colony from ruin?
How did the English view themselves in comparison to the indigenous people?
SLP Assignment Expectations
Use concepts from the background readings as well as any academic resources you can find (Wikipedia-type sources are not acceptable). Please be sure to cite your sources within the text and provide a reference page at the end of the paper.

The best way to prepare the paper is to organize it by question. For example; your paper should begin with the first question, 1. Why did the English select the site they did? Once you have answered this question, then address the second part of the question, Was it a good choice: why or why not?

Do the same for answering the remaining questions. This will help you keep track of your work and make it easier to review.

Length: 12 paragraphs per question, typed, double-spaced and in Times New Roman 12-point font.

The following items will be assessed in particular:

Your ability to apply the basic concepts to the questions.
The paper should address each element of the assignment.
Remember to support your answers with solid references including the background readings.
Upload your paper to the SLP 1 Dropbox when it is completed.

What is the purpose of a Statistical Quality Chart (SQC) and how is it used to evaluate the quality performance of an ongoing production processDescribe how to use Quality Functional Deployment (QFD) and Value Analysis (VA)..

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Each assignment must have 200- 350 words, please use apa format and reference as needed

Text Book: Operation & Supply Chain Management

Link of the required book is attached

https://drive.google.com/file/d/1iwgp50KDKe9oPui1a6sErG40p8BY5LgW/view?usp=drives

Learning Objective 6:

Students know both the SQC and non-SQC approaches to the management of quality

Expectations: Students can develop an SQC chart and use it to evaluate the quality performance of an ongoing production process. The student can also describe how to use QFD, VA, vendor analysis and Value Engineering in the managing of quality.

Task:

1- What is the purpose of a Statistical Quality Chart (SQC) and how is it used to evaluate the quality performance of an ongoing production process.

2- Describe how to use Quality Functional Deployment (QFD) and Value Analysis (VA).

Note: A discussion of SQC techniques are provided in Chapter 13. QFD and VA concepts are described in pages 50-51 in textbook.

Learning objective 7:

Students understand the major determinants of the facility location decision an will know how to use factor rating models to assist in the decision

Expectations: Students can discuss the facility location decision process to include the major variables. The student will, given the necessary information, also be able to use factor rating to assist in the location decision.

Task: Discuss the facility location decision process to include the major variables. Explain how factor rating can be used to identify the top location options. Identify any possible problems with using factor rating. See Chapter 15, pages 381-390 in textbook.

Learning objective 8:

Students will understand the general process of production planning to include aggregate planning and plant scheduling

Expectations: Students can describe the production planning process from the initial sales estimate to the plant floor. Student can also apply Johnson’s rule in scheduling the n-job on two machines problem.

Task: Explain the production planning process from the initial sales estimate to the plant floor. Describe the importance of Johnson’s rule in scheduling multiple machines.