Description
Preparation
Complete the following:
Review the assigned readings from the previous weeks and reflect on the strengths, weaknesses, and issues with internal control.
Conduct your own research in the Capella library to locate additional resources to support your work in this assignment.
Instructions
Research the topic of internal controls and outline the set of these controls that would apply to your current, or a former, organization of which you are familiar. This could be government, nonprofit, or for-profit. The organization should have at least 40 or more employees. (Ask your instructor if you need an alternative option). Outline where there may be areas that could be vulnerable to fraud such as cash handling; financial statements; supplier relations; inventory; general company assets, or other areas. You may focus on one area of the organization if there is sufficient material for an in-depth analysis, that is, inventory controls for a large retailer). What are the associated internal controls management would want to have in place and why? How great are the risks of fraudulent activity in these areas to the organization? Which key management areas of the organization would be essential in assessing risks and implementing controls (that is, accounting, finance, production, operations, sales, warehouse, retail locations, or other areas) and why? How do those controls fit into addressing one or more aspects of a fraud model or theory?
Additional Requirements
Your assignment should meet the following requirements:
Written communication: Your assignment should demonstrate sound critical thinking and research skills, as well as doctoral-level writing skills.
Length: 10–12 double-spaced pages, not including the title page, reference page, or appendices.
References: A minimum of 12 scholarly resources and practitioner resources. Be sure that your resources are recent (within the last 3–5 years) and appropriate.
APA format: Follow current APA Style and FormatLinks to an external site. guidelines.
Font and font size: Times New Roman, 12 point.
