Week 7 Assignment 2-Accounting and Audit Enforcement



Week 7 Assignment 2

Week 7 Assignment 2 Submission

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Assignment 2: Accounting and Audit Enforcement

Due Week 7 and worth 320 points

Using the Internet, Strayer databases, or the Securities and
Exchange Commission’s Website,

Located at
http://www.sec.gov/divisions/enforce/friactions/friactions2012.shtml, perform a

On several U.S. health care publicly-traded companies and
choose a health care organization that

Has been accused of committing health care fraud.

Write a five to six (5-6) page paper in which you:

1. Evaluate the level of SOX regulations that applies to
for-profit and not-for-profit health care organizations, indicating whether or
not mandating SOX requirements for non-profits might b reduce fraud and
increase corporate governance. Provide support for your rationale.

2. Determine whether SOX has been effective in regulating
ethical behaviour of for-profit health care organizations. Defend your

3. Determine whether deficiencies existed in the IT
environment, and suggest ways to improve audit trails, data integrity, and
policies and procedures in order to reduce the risk of fraudulent activity.

4. Review the audit report issued by the external auditing
firm from the company’s Website for the year it was accused of fraud. Then,
determine whether the external auditors were negligent in preparing the audit
report for the company. Formulate an opinion regarding which Internal Control
was deficient or what GAAP was violated. Defend your position.

5. Determine what provision(s) of SOX was / were violated in
the health care fraud case in question. Indicate whether or not SOX adequately
provides sanctions to deter the behaviour or if changes are needed to the
regulations to remedy the issue(s) and thus ensure compliance.

6. Based on the fraudulent activity that occurred, recommend
two (2) improvements to the internal control environment to reduce those
occurrences. Provide detailed recommendations.

7. Use at least four (4) quality academic resources in this assignment.
Note: Wikipedia and other Websites do not qualify as academic resources.

Your assignment must follow these formatting requirements: Be
typed, double spaced, using Times New Roman font (size 12), and with one-inch
margins on all sides; citations and references must follow APA or
school-specific format. Check with your professor for any additional
instructions. Include a cover page containing the title 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 assignment page

The specific course learning outcomes associated with this
assignment are:

Evaluate internal controls within an organization and create
a risk assessment.

Analyse ethical theories to evaluate a decision-making
process to determine compliance with professional codes of ethics.

Evaluate the health of organizations to assess the level of
risk in an audit engagement.

Evaluate financial data for potential fraud and prepare an
audit approach for detecting fraud.

Assess the risk of financial misstatement in an IT-based

Use technology and information resources to research issues
in accounting management.

Write clearly and concisely about accounting management
using proper writing mechanics.


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