Discussion: The Global Checklist

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6-1 Discussion: The Global Checklist In the article Conducting Forensic Accounting and Internal Investigations, Murphy and Vandenberg refer to the “global checklist.” Discuss the steps identified in t

6-1 Discussion: The Global Checklist

In the article Conducting Forensic Accounting and Internal Investigations, Murphy and Vandenberg refer to the “global checklist.” Discuss the steps identified in the checklist. Also, discuss why each would be important to review after the completion of the investigation.

6-1 Discussion: The Global Checklist In the article Conducting Forensic Accounting and Internal Investigations, Murphy and Vandenberg refer to the “global checklist.” Discuss the steps identified in t

Graduate Discussion Rubric Overview Your active participation in the discussion s is essential to your overal l success this term. Discussion questions will help you make meaningful connections between the course content and the larger concepts of the course. These discussions give you a chance to express your own thoughts, ask questions, and gain insight from your peers and instructor . Directions For each di scussion, y ou must create one initial post and follow up with at least two response posts . For your initial post , do the following :  Write a post of 1 to 2 paragraphs .  In Module One, complete your initial post by Thursday at 11:59 p.m. Eastern.  In Modules Two through Ten, complete your initial post by Thursday at 11:59 p.m. of your local time zone.  Consider content from other parts of the course where appropriate. Use proper citation methods for your discipline when referencing scholarly or popular sources. For your response posts , do the following :  Reply to at least two classmates outside of your own initial post thread .  In Module One, complete your two response posts by Sunday at 11:59 p.m. Eastern.  In Modules Two through Ten, complete your two response posts by Sunday at 11:59 p.m. of your local time zone.  Demonstrate more depth and thought than saying things like “I agree ” or “You are wrong .” Guidance is provided for you in the discuss ion prompt . Rubric Critical Elements Exemplary Proficient Needs Improvement Not Evident Value Comprehension Develops an initial post with an organized, clear point of view or idea using rich and significant detail (100%) Develops an initial post with a point of view or idea using appropriate detail (90%) Develops an initial post with a point of view or idea but with some gaps in organization and detail (70%) Does not develop an initial post with an organized point of view or idea (0%) 20 Timeliness N/A Submits initial post on time (100%) Submits initial post one day late (70%) Submits initial post two or more days late (0%) 10 Engagement Provides relevant and meaningful response posts with clarifying explanation and detail (100%) Provides relevant response posts with some explanation and detail (90%) Provides somewhat relevant response posts with some explanation and detail (70%) Provides response posts that are generic with little explanation or detail (0%) 20 Critical Elements Exemplary Proficient Needs Improvement Not Evident Value Critical Thinking Draws insightful conclusions that are thoroughly defended with evidence and examples (100%) Draws informed conclusions that are justified with evidence (90%) Draws logical conclusions (70%) Does not draw logical conclusions (0%) 30 Writing (Mechanics) Ini tial post and responses are easily understood, clear, and concise using proper citation methods where applicable with no errors in citations (100%) Initial post and responses are easily understood using proper citation methods where applicable with few errors in citations (90%) Initial post and responses are understandable using proper citation methods where applicable with a number of errors in citations (70%) Initial post and responses are not understandable and do not use proper citation methods where applicable (0%) 20 Total 10 0%

Tax Discussion – Haddock

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please make a reply of 200-250 words to this thread with two citations. When replying, try to address different aspects of the ethical argument. Often, these situations are not as black and white as

please make a reply of 200-250 words to this thread  with two citations. When replying, try to address different aspects of the ethical argument. Often, these situations are not as black and white as they seem, particularly when responsibilities such as independence and confidentiality come into play.

Tax Discussion – Haddock

I would not sign this tax return. There is some type of flow of money going on between John and his son and whether it be legitimate or not, I do not think it is okay to sign the tax return without investigating. The potential ethics I see in this situation are not abiding by the standard that I am upheld to as a tax professional if I sign the tax return as well as my own personal morals. The reasoning that the IRS has never objected, and they have been doing it for several years is not a reason to continue doing it and be okay with it. The rules that would be in violation under the AICPA Code of Professional Conduct are Rule 102: Integrity and Objectivity, Rule 501: Acts Discreditable, and Rule 202: Compliance with Standards (AICPA, 2013). An accounting professional must always exercise integrity and objectivity, never commit a discreditable act to the profession and must always comply with the designated standards for the matters of accounting services. If I signed off on the tax return, I would not be exercising due professional care or compliance with standards because of my knowledge of the rent that is much higher than the rent in the area.

The Statements on Standards for Tax services that I think are most applicable to this situation is Statement 1 about tax return positions and Statement 6 about knowledge of error. As tax professionals, we cannot knowingly submit and sign off on a tax return that has an error, “The term ‘error’ includes any position, omission, or method of accounting that, at the time of the return is filed, fails to meet the standards set out in SSTS No. 1” (Sawyers et al., 2021)(AICPA, 2018). Overall, I would have to investigate the rent or withdraw from the engagement if I was not able to find a legitimate reason for the rent being so high. Unfortunately, I also must think about the error in past years tax return if they have been reporting the rent like that for years. Psalm 25:21 states “May integrity and uprightness protect me because my hope, Lord, is in you” (Patterson & Kelley, 2018). In this situation it relates to abiding by my integrity and professional due care and God can help provide me with peace from any resentment or anger I would receive from withdrawing from the engagement.

Suspect Interview Questions A

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I. Suspect Interview Questions A. Type: Create a list of interview questions that includes all five types of interview questions to obtain an admission of guilt from a suspect. B. Sequence: Organize y

I. Suspect Interview Questions A. Type: Create a list of interview questions that includes all five types of interview questions to obtain an admission of guilt from a suspect. B. Sequence: Organize your list of questions in a logical and appropriate manner. C. Importance: Describe the importance of the sequence of your questions and why the list is organized as it is.

I. Suspect Interview Questions A. Type: Create a list of interview questions that includes all five types of interview questions to obtain an admission of guilt from a suspect. B. Sequence: Organize y

This study source was downloaded by 100000787033686 from CourseHero.com on 11-13-2021 19:34:18 GMT -06:00 https://www.coursehero.com/file/30372499/ACC-692-interview-questionsdocx/ This study resource was shared via CourseHero.com Introductory Questions 1. Hi William, I’m …………. I work here at PBS& J. Have we met before?Ans: hello ……….. As long as I remember i don’t think so.

2. I’m gathering information for an assignment that I hope you can help me with. Do you have a few minutes to speak to me?

Ans: yes please .

3. I’m trying to learn about the check disbursement process. I understand you are familiar with this. Is it okay if I ask you some questions about your role?

Ans: yes of course it is ok.

Informational Questions 4. How long have you been here at PBSJ?

Ans: I have been working here for quite a long time since 1990’s 5. Tell me a little about your positions throughout your time here.

Ans: I was hired in the company as a controller, and later on was promoted as a financial officer 6. Can you walk me through the check disbursement process as you understand it?

Ans: we enter the invoices that are carried to us in the company finances and record them as the accounts payables. Then the accounts that are payable and the ones invoices that have been submitted in and are paid to their respected accounts, This study source was downloaded by 100000787033686 from CourseHero.com on 11-13-2021 19:34:18 GMT -06:00 https://www.coursehero.com/file/30372499/ACC-692-interview-questionsdocx/ This study resource was shared via CourseHero.com7. What types of internal controls exist for the check disbursements?

Ans: first we take in the invoices and check whether the items have been delivered or purchased then the payments are proceeded with. Then the bank reconciliation is taken.

After that the payments are made.

8. You seem to have a lot of knowledge about this area. What ways could the process be improved?

Ans: well the process does not need any improvements just the items or the services that the payments are being made through should be checked before the payments are released.

9. What ways could the internal controls be improved?

Ans: internal controls can be improved with the segregation of the job assignments and power be divided amongst the employees before the payments are released it sould be checked twice or thrice.

Assessment Questions 10. Due to recent fraud scandals at large public companies, Congress has recently passed the Sarbanes-Oxley Act to protect shareholders and public from fraudulent transactions and to help improve accuracy on financials. Are you familiar with Sarbanes-Oxley?

Ans: yes indeed I am familiar with the act.

11. Oftentimes when someone is involved in fraud, they are in trouble themselves and not trying to hurt people. Do you know the type of person I’m talking about?

Ans: yes the one carrying out fraudulent activities internally. I hope so I’m right. This study source was downloaded by 100000787033686 from CourseHero.com on 11-13-2021 19:34:18 GMT -06:00 https://www.coursehero.com/file/30372499/ACC-692-interview-questionsdocx/ This study resource was shared via CourseHero.com12. Why would an employee of PBSJ feel justified in taking company money?

Ans: well I think there is no justification in this case because this is wrong ethically. One cannot justify it in anyway how much ever he or she tries to.

13. What types of consequences should those people face?

Ans: the consequences should be according to the fraudulent act that they have performed if it was at start , or he or she have left the fraudulent act from some time back then he or she should be punished but some leniency can be shown may be temporary suspension or some fine and a warning. But if the one has been doing it from some time back and still carried on he should be reported to the authorities.

Admission Seeking Questions 14. Our investigation has clearly established that you took company money. I know you have been with the company for a long time. You have a great reputation amongst the senior management and employees. I don’t think you would do something like this unless you were feeling forced. Is that how you felt?

Ans: well my name has been dragged in this matter but I was not the one to be blamed for it as I went along the flow as I had pressure over me. And when I saw the involvement of other employees I just didn’t thought about the odds that I could face. I was living in the moment you can say. That I regret also.

15. Tell me about the first time it happened.

Ans: well I cannot remember it as it was long time ago. This study source was downloaded by 100000787033686 from CourseHero.com on 11-13-2021 19:34:18 GMT -06:00 https://www.coursehero.com/file/30372499/ACC-692-interview-questionsdocx/ This study resource was shared via CourseHero.com Powered by TCPDF (www.tcpdf.org)16. Why did you decide to continue taking money?

Ans: obviously when I could get hold of my all needs in an instance through a shortcut I didn’t saw the way around and bought the stuff that I just wished for and kept on going.

17. What was the money used for?

Ans: it was used for buying fixed assets and pleasure seeking items.

18. Is there anything else that I know?

Ans: how can I tell that you are the one who had investigated all the case? I’m answering everything with all my cooperation.

19. Thank you for taking the time to answer my questions. Can I contact you again if I have any further questions?

Ans: yes of course I’m happy to help you out. It lightens my heart I must say. Thank you

Compare and contrast basic U.S. and international financial accounting standards.

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International versus U.S. Accounting Standards For this assignment, you will research and compare international and U.S. accounting standards. This will enable you to see how the different reporting m

International versus U.S. Accounting StandardsFor this assignment, you will research and compare international and U.S. accounting standards. This will enable you to see how the different reporting methods affect business and how product costs are affected by international business. The learning objectives of this report are as follows:

  1. Compare and contrast basic U.S. and international financial accounting standards.
  2. Explain how key international factors affect business reporting.
  3. Identify key compliance and regulatory requirements.

Using the  Unit IV Research Report Template , prepare a four- to five-page written report with at least three scholarly sources covering the items listed below.

Introduction

Part 1: Select financial statements for two related (e.g., computer manufactures, pharmaceutical companies, cell phone companies, etc.) businesses; one that uses U.S. accounting reporting and the other that uses international accounting reporting. Identify the following items:

  • Provide the name, location, and accounting standards used for each business.
  • Compare and contrast three major differences you see in the way the financial data is presented on the financial statements.
  • Identify which set of financial statements you think is the easiest to understand and provides you with most accurate cost data as a manager. (Do not forget to look at the notes to the financial statements also.)

Part 2: Analyze and discuss three international factors you think would affect the cost of the products made at the companies you selected and why.

Part 3: Discuss any compliance and/or regulatory issues you think would be involved in the companies you have selected as they relate to the cost of the products made. For example, are there strict regulations on product pricing, tariffs imposed on raw materials needed to make the products, or strict regulations on the wages paid to workers?

Conclusion and Recommendations

Be sure to use APA formatting throughout and reach out to the Writing Center or the Library for assistance with research, writing, and formatting. Include at least two of your scholarly resources from the CSU Online Library in your report.