Online College Courses for Credit

ACCT451 Week 2 Homework Assignment

ACCT451 Week 2 Homework Assignment

Author: l marshall

Case 5.2 Page 145
1. Explain how Heirloom could defraud the bank and how each internal and external party, except the bank, could defraud Heirloom.   
2. What risk factor, unusual item, or abnormality would alert you to each fraud?
3. What Control Weaknesses make each fraud possible?
4. Recommend one or more controls to prevent or detect each means of committing fraud.
Problem 7.1
A. What deficiencies existed in the internal environment at Springers.
B. Do you agree with the decision to settle with the Springers rather than to prosecute them for fraud and embezzlement?
C. Should the company had told Jason and Maria the results of the high-level audit? Why or why not?

See More
Fast, Free College Credit

Developing Effective Teams

Let's Ride
*No strings attached. This college course is 100% free and is worth 1 semester credit.

37 Sophia partners guarantee credit transfer.

299 Institutions have accepted or given pre-approval for credit transfer.

* The American Council on Education's College Credit Recommendation Service (ACE Credit®) has evaluated and recommended college credit for 32 of Sophia’s online courses. Many different colleges and universities consider ACE CREDIT recommendations in determining the applicability to their course and degree programs.