week 1 Internal Accountant s Report ACC 556 (3 Pages 998 Words)

In preparing for the upcoming government contract bid there is a need to explain how performing a full financial status review prior to the bid is in our best interest. The steps taken for the review are as follows: visualizing the impact of occupational fraud and abuse on the company, knowing how the US government oversees the accounting fraud and abuse and its effect on the company, identifying potential corruption schemes within our company, and analyzing the types of accounting evidence and methods used to support the financial status review. All these topics need great discussion where managers can have a full understanding to be able to make their decision that can impact our company as a whole....