Designing the AIS to Detect Fraud
For this assignment, you will represent a company that does not currently have an accounting information system (AIS) established. Make sure you clearly identify the business line, product type, and market position.
Read this article before you begin:
Identifying the Absence of Effective Internal Controls: An Alternative Approach for Internal Control Audits.
Instructions
Write a 3–4-page paper in which you:
Identify at least four different areas where there could be potential accounting fraud in a company. Make sure you elaborate on your reasoning for why accounting fraud could occur as well as the financial implications on the organization.
Design a method of detection and a method of limiting the possible financial fraud. Provide support for your arguments and rationale using support from your text and supplemental readings.
Provide support for arguments and rationale using AIS knowledge and recent AIS literature.
Draft a one-page recommendation at the end of the document directed to the CEO explaining the findings, recommendations, and benefits of installing an accounting information system. Make sure you are specific in your recommendations