Internal Accountants Report to Management ACC 556 (3 Pages 1161 Words)

This report will present the necessary information needed to understand and decide whether to perform a full financial status review before proceeding with the bid. The information covered will include: The effect of occupational fraud and abuse on the company U.S. governmental oversight of accounting fraud and abuse and its effect on the company Potential corruption schemes to be aware of in the company Recommendation of types of accounting evidence and methods of gathering such evidence to support the financial status review. Fraud deterrence occurs in several stages, and the key is to know that prevention is not to same as deterrence. First is the impact of controls implementing basic controls...