ACC 557 Week 5 DQ 1 Internal Controls

" Please respond to the following:

From the e-Activity, analyze the situation from the company you selected and the internal controls that may have been compromised to allow the problem to occur and the resulting financial impact to the business. Propose a plan to prevent this type of situation in the future.

Match the situation with the primary components of the fraud triangle factor (opportunity, financial pressure, or rationalization) that best describes it and specifically create strategies to address this component of the triangle to prevent recurrence for the above-mentioned company.

Answer:

On August 17, 2012, the U.S. Securities and Exchange

Commission (SEC) filed a federal case against defendants Paul Burks and Zeek

Rewards, based out of...