Subject: Business    / Finance
Question

Select a public company and evaluate their audit and control environment. For assistance in selecting a public company, you may refer to the document, “How to Choose a Public Company” linked in Resources.

In your case study, address the following.

Identify at least two situational pressures in your selected company that would increase the likelihood of fraudulent activity.
Describe three circumstances in corporations where fraudulent activity is easier to commit and less prone to detection.
Describe, from a risk assessment perspective of fraudulent financial reporting, the external environmental factors that should be considered in a company’s industry, its business environment, and its legal and regulatory environment. Then assess how well your chosen company responded to each of these types of external environmental factors.
Evaluate your company’s system of internal controls and identify potential ethical issues in accounting and financial reporting in the system.
Recommend, based on your research, what top management should incorporate into their risk management processes and/or procedures to reduce the possibility of fraudulent financial reporting. Support your recommendations with relevant sources.

Additional Requirements

Use the following program standards for all assessment submissions in this course:

Written communication: Written communication should be free of errors that detract from the overall message.
APA formatting: Your writing should be formatted according to APA style.
Font and font size: Times New Roman, 12 point.
Length: Submit between 2–3 pages.

This paper must hit these requirements:
Assess impact of external environment factors from a risk assessment perspective of fraudulent financial reporting.Examine the main ethical issues related to financial reporting.Describe situational pressures in a selected public company that could increase the likelihood of fraudulent activity.Evaluate a company’s financial system as it relates to establishment, maintenance, and evaluation of its system of internal controls.

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