write an executive summary for a fraud examination report for WorldCom scandal detailing what actions you performed during the fraud examination, such as reviewing documents, interviewing witnesses, conducting analyses or tests, etc. Also, summarize the outcome of the fraud examination.
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write an executive summary for a fraud examination report for WorldCom scandal detailing what actions you performed during the fraud examination, such as reviewing documents, interviewing witnesses, conducting analyses or tests, etc. Also, summarize the outcome of the fraud examination.
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- You are required to assess key functions including risk management and compliance for J.P Morgan Chase, and present a written report based on J.P Morgan Chase on the following in 2,000 words: Risk management framework – Conduct an analysis of the risk management process/ framework implemented at the J.P Morgan Chase (including risk assessment and risk control mechanisms). You are required to report on key risks that the institution is exposed to and explain aspects of the framework, emphasizing the effectiveness of the risk management strategies used. Anti-Money Laundering and Terrorist Financing Strategies – Discuss with examples, J.P Morgan Chase approaches/ strategies to combat money laundering and terrorist financing issues. Statutory legislation and compliance - Explain the importance of financial institutions meeting regulatory requirements. Comment on specific legislation that J.P Morgan Chase must be compliant with.You are required to assess key functions including risk management and compliance for the Bank of America. You are to present a written report based on the Bank of America on the following: Risk management framework – Conduct an analysis of the risk management process/ framework implemented at the institution (including risk assessment and risk control mechanisms). You are required to report on key risks that the institution is exposed to and explain aspects of the framework, emphasizing the effectiveness of the risk management strategies used. Anti-Money Laundering and Terrorist Financing Strategies – Discuss with examples, the institution’s approaches/ strategies to combat money laundering and terrorist financing issues. Statutory legislation and compliance - Explain the importance of financial institutions meeting regulatory requirements. Comment on specific legislation that the financial institution must be compliant with.You are required to assess key functions including risk management and compliance for the Bank of America, and present a written report based on the Bank of America on the following in 2,000 words: Risk management framework – Conduct an analysis of the risk management process/ framework implemented at the institution (including risk assessment and risk control mechanisms). You are required to report on key risks that the institution is exposed to and explain aspects of the framework, emphasizing the effectiveness of the risk management strategies used. Anti-Money Laundering and Terrorist Financing Strategies – Discuss with examples, the institution’s approaches/ strategies to combat money laundering and terrorist financing issues. Statutory legislation and compliance - Explain the importance of financial institutions meeting regulatory requirements. Comment on specific legislation that the financial institution must be compliant with.
- 45-Who among the following are secondarily responsible for prevention and detection of frauds? O a. All the options b. Nomination committee is secondarily responsible for prevention and detection of fraud O C. Auditor is secondarily responsible for prevention and detection of fraud O d. Management is secondarily responsible for prevention and detection of fraudYou are required to select a well-established financial institution with a regional or international presence and assess key functions including risk management and compliance. You are to present a written report based on the following: Risk management framework – Conduct an analysis of the risk management process/ framework implemented at the institution (including risk assessment and risk control mechanisms). You are required to report on key risks that the institution is exposed to and explain aspects of the framework, emphasizing the effectiveness of the risk management strategies used. Anti-Money Laundering and Terrorist Financing Strategies – Discuss with examples, the institution’s approaches/ strategies to combat money laundering and terrorist financing issues. Statutory legislation and compliance - Explain the importance of financial institutions meeting regulatory requirements. Comment on specific legislation that the financial institution must be compliant with.Waste Management Scandal (1998), is one of the top 10 accounting scandals of all times. The Securities and Exchange Commission (SEC) found the company's owner and former CEO, Dean L Buntrock, guilty, along with several other top executives, and Waste Management's auditors, Arthur Andersen. What is meant by public interest of an auditor? Do we find the auditors — Arthur Anderson, serving their duty?
- Management in today’s corporate world has developed a habit of acting on their own interest rather than maximizing the interest or wealth of the shareholders. This has made the need for Independent Audit greater in Today’s Society than it was in 50 years ago. Mr. Ama Yaw, an investor, in his opinion sees “Auditor as an Insurer or a Guarantor of the correctness of the financial statements” because they rely only on audited Financial Statements in making investment decisions. Required: Comment on the Opinion of Mr. Ama Yawa - You are a CPA and have accepted a new client for an audit engagement. You come to realize that the client’s industry is more complex and technical than your initial assessments. In fact, you realize you are not competent to audit in certain areas of this client. What are your options? b - Audits that involve information technology can require special technical knowledge and skill. Name two credentials (designations) that demonstrate competency in auditing information technology. Also, please name the organizations who sponsor these credentials.The final task in the preliminary investigation is to summarize the results and recommendations in a report and/or in a presentation. Which form of communication, written or oral, do you think is the most effective for conveying your findings to management?
- Due to the possibility of serious misstatements as a result of fraud (fraud risk), an audit of financial statements conducted in line with generally accepted auditing standards should be conducted with (1) professional scepticism. (3) unbiased judgement. (2) self-reliant integrity. (4) unbiased conservatismHow to make your research title a good one?1.1 Create Modelling methods, Experiments and examples for IT in Family Owned Businesses: The study will be conducted using qualitative in accordance with the ethical principles of research, including informed consent, confidentiality, and voluntary participation. Participants will be informed about the study's purpose and procedures, and they will be given the opportunity to decline or withdraw from the study at any time. Confidentiality will be ensured by using anonymous questionnaires and protecting the identities of the participants in the report.