Evaluate the level of SOX regulations that applies to for-profit and not-for-profit health care organizations
accounting
Description
Assignment 2: Accounting and
Audit Enforcement
Due Week 7 and worth 300 points
Using the Internet, Strayer databases, or the
Securities and Exchange Commission’s Website, located at http://www.sec.gov/divisions/enforce/friactions/friactions2012.shtml, perform a search on several U.S. health care publicly-traded
companies and choose a health care organization that has been accused of
committing health care fraud.
Write a five to six (5-6) page paper in which you:
1.
Evaluate the level of SOX
regulations that applies to for-profit and not-for-profit health care
organizations, indicating whether or not mandating SOX requirements for
non-profits might reduce fraud and increase corporate governance. Provide
support for your rationale.
2.
Determine whether SOX has been
effective in regulating ethical behavior of for-profit health care
organizations. Defend your position.
3.
Review the audit report issued by
the external auditing firm from the company's Website for the year it was
accused of fraud. Then, determine whether the external auditors were negligent
in preparing the audit report for the company. Formulate an opinion regarding
which Internal Control was deficient or what GAAP was violated. Defend your
position.
4.
Determine what provision(s) of
SOX was / were violated in the health care fraud case in question. Indicate
whether or not SOX adequately provides sanctions to deter the behavior or if
changes are needed to the regulations to remedy the issue(s) and thus ensure
compliance.
5.
Based on the fraudulent activity
that occurred, recommend two (2) improvements to the internal control
environment to reduce those occurrences. Provide detailed recommendations.
6.
Use at least four (4) quality
academic resources in this assignment. Note: Wikipedia
and other Websites do not qualify as academic resources.
Your assignment must follow these formatting requirements:
·
Be typed, double spaced, using
Times New Roman font (size 12), with one-inch margins on all sides; citations
and references must follow APA or school-specific format. Check with your
professor for any additional instructions.
·
Include a cover page containing the
title of the assignment, the student’s name, the professor’s name, the course
title, and the date. The cover page and the reference page are not included in
the required assignment page length.
The specific course learning outcomes associated with this assignment
are:
·
Evaluate internal controls within
an organization and create a risk assessment.
·
Analyze ethical theories to
evaluate a decision-making process to determine compliance with professional
codes of ethics.
·
Evaluate the health of
organizations to assess the level of risk in an audit engagement.
·
Evaluate financial data for
potential fraud and prepare an audit approach for detecting fraud.
·
Assess the risk of financial
misstatement in an IT-based environment.
·
Use technology and information
resources to research issues in accounting management.
·
Write clearly and concisely about
accounting management using proper writing mechanics.
Grading for this assignment will be based on answer quality, logic
/ organization of the paper, and language and writing skills, using the
following rubric.
|
Points: 300 |
Assignment 2:
Accounting and Audit Enforcement |
|||
|
Criteria |
Unacceptable Below 70% F |
Fair 70-79% C |
Proficient 80-89% B |
Exemplary 90-100% A |
|
1. Evaluate the
level of SOX regulations that applies to for-profit and not-for-profit health
care organizations, indicating whether or not mandating SOX requirements for
non-profits might reduce fraud and increase corporate governance. Provide
support for your rationale. Weight: 20% |
Did not submit or
incompletely evaluated the level of SOX regulations that applies to
for-profit and not-for-profit health care organizations, indicating whether
or not mandating SOX requirements for non-profits might reduce fraud and
increase corporate governance. Did not submit or incompletely provided
support for your rationale. |
Partially
evaluated the level of SOX regulations that applies to for-profit and
not-for-profit health care organizations, indicating whether or not mandating
SOX requirements for non-profits might reduce fraud and increase corporate
governance. Partially provided support for your rationale. |
Satisfactorily
evaluated the level of SOX regulations that applies to for-profit and
not-for-profit health care organizations, indicating whether or not mandating
SOX requirements for non-profits might reduce fraud and increase corporate
governance. Satisfactorily provided support for your rationale. |
Thoroughly
evaluated the level of SOX regulations that applies to for-profit and
not-for-profit health care organizations, indicating whether or not mandating
SOX requirements for non-profits might reduce fraud and increase corporate
governance. Thoroughly provided support for your rationale. |
|
2. Determine
whether SOX has been effective in regulating ethical behavior of for-profit
health care organizations. Defend your position. |
Did not submit or
incompletely determined whether SOX has been effective in regulating
ethical behavior of for-profit health care organizations. Did not submit or
incompletely defended your position. |
Partially
determined whether SOX has been effective in regulating ethical behavior
of for-profit health care organizations. Partially defended your
position. |
Satisfactorily
determined whether SOX has been effective in regulating ethical behavior
of for-profit health care organizations. Satisfactorily defended
your position. |
Thoroughly
determined whether SOX has been effective in regulating ethical behavior
of for-profit health care organizations. Thoroughly defended your
position. |
|
3. Review the
audit report issued by the external auditing firm from the company's Website
for the year it was accused of fraud. Then, determine whether the external
auditors were negligent in preparing the audit report for the company.
Formulate an opinion regarding which Internal Control was deficient or what
GAAP was violated. Defend your position. Weight: 15% |
Did not submit or
incompletely reviewed the audit report issued by the external auditing
firm from the company's Website for the year it was accused of fraud; did not
submit or incompletely determined whether the external auditors were
negligent in preparing the audit report for the company. Did not submit or
incompletely formulated an opinion regarding which Internal Control was
deficient or what GAAP was violated. Did not submit or incompletely defended
your position. |
Partially
reviewed the audit report issued by the external auditing firm from the
company's Website for the year it was accused of fraud; partially determined
whether the external auditors were negligent in preparing the audit report
for the company. Partially formulated an opinion regarding which
Internal Control was deficient or what GAAP was
violated. Partially defended your position. |
Satisfactorily
reviewed the audit report issued by the external auditing firm from the
company's Website for the year it was accused of fraud; satisfactorily
determined whether the external auditors were negligent in preparing the
audit report for the company. Satisfactorily formulated an opinion
regarding which Internal Control was deficient or what GAAP was
violated. Satisfactorily defended your position. |
Thoroughly
reviewed the audit report issued by the external auditing firm from the
company's Website for the year it was accused of fraud; thoroughly determined
whether the external auditors were negligent in preparing the audit report
for the company. Thoroughly formulated an opinion regarding which
Internal Control was deficient or what GAAP was
violated. Thoroughly defended your position. |
|
4. Determine what
provision(s) of SOX was / were violated in the health care fraud case in
question. Indicate whether or not SOX adequately provides sanctions to deter
the behavior or if changes are needed to the regulations to remedy the
issue(s) and thus ensure compliance. Weight: 15% |
Did not submit or
incompletely determined what provision(s) of SOX was / were violated in
the health care fraud case in question. Did not submit or incompletely
indicated whether or not SOX adequately provides sanctions to deter the
behavior or if changes are needed to the regulations to remedy the issue(s)
and thus ensure compliance. |
Partially
determined what provision(s) of SOX was / were violated in the health
care fraud case in question. Partially indicated whether or not SOX
adequately provides sanctions to deter the behavior or if changes are needed
to the regulations to remedy the issue(s) and thus ensure compliance. |
Satisfactorily
determined what provision(s) of SOX was / were violated in the health
care fraud case in question. Satisfactorily indicated whether or
not SOX adequately provides sanctions to deter the behavior or if changes are
needed to the regulations to remedy the issue(s) and thus ensure compliance. |
Thoroughly
determined what provision(s) of SOX was / were violated in the health
care fraud case in question. Thoroughly indicated whether or not
SOX adequately provides sanctions to deter the behavior or if changes are
needed to the regulations to remedy the issue(s) and thus ensure compliance. |
|
5. Based on the
fraudulent activity that occurred, recommend two (2) improvements to the
internal control environment to reduce those occurrences. Provide detailed
recommendations. Weight: 20% |
Did not submit or
incompletely recommended two (2) improvements to the internal control
environment to reduce those occurrences, based on the fraudulent activity
that occurred. Did not submit or incompletely provided detailed
recommendations. |
Partially
recommended two (2) improvements to the internal control environment to
reduce those occurrences, based on the fraudulent activity that occurred.
Partially provided detailed recommendations. |
Satisfactorily
recommended two (2) improvements to the internal control environment to
reduce those occurrences, based on the fraudulent activity that occurred.
Satisfactorily provided detailed recommendations. |
Thoroughly
recommended two (2) improvements to the internal control environment to
reduce those occurrences, based on the fraudulent activity that occurred.
Thoroughly provided detailed recommendations. |
|
6. 4 references Weight: 5% |
No references provided |
Does not meet the
required number of references; some or all references poor quality choices. |
Meets number of
required references; all references high quality choices. |
Exceeds number of
required references; all references high quality choices. |
|
7. Clarity, writing
mechanics, and formatting requirements Weight: 10% |
More than 6 errors
present |
5-6 errors present |
3-4 errors present |
0-2 errors present |
