ACC 556Internal Accountant's Report to Management

Per management's request this document has been prepared to assist in determining if a full financial status review of the recent job bid is necessary. Fully understanding and preparing for possible issues is vital to our organization's success. Several key points and issues should be reviewed prior to entering into any contracts. The following information will be discussed in this memo: 1.) The impact of occupational fraud and abuse on the company, 2.) U.S. governmental oversight of accounting fraud and abuse and its effect on the organization and, 3.) Potential corruption schemes to be aware of. This information will be followed by a recommendation of the types of accounting evidence and methods of gathering such information to...