ACC 571 Week 10 Assignment 4 – Asset Misappropriation and Corporate Governance
Assignment 4: Asset Misappropriation and Corporate Governance
For this assignment, use the Internet or Strayer databases to research and identify an organization that was a
victim of asset misappropriation.
Write a five to six (5-6) page paper in which you:
Based on your research, evaluate the type of asset misappropriations that occurred at the organization,
and assess the factors that contributed to the misappropriation. Give your opinion on whether poor
management or lack of management played a role in the asset misappropriation. Provide support for
your rationale.
1.
Evaluate the legal mechanisms that could have been used to recover assets through the civil and
criminal justice systems. Assess whether the civil and criminal justice systems did an effective job in
recovering the organizations assets. Provide support for your rationale.
2.
Assess managements responsibility to share information related to the breach with various stakeholder
groups, indicating what should be shared and how. Provide support for your rationale.
3.
Review AICPA Statements on Auditing Standard (SAS) No. 99, Risk Factors Relating to
Misstatements Arising from Misappropriation of Assets, found within the text. Assess SAS 99 risk
factors and discuss if the risk factors were prevalent in the organization you researched. Give your
opinion on whether or not organizations should implement a plan that reviews risk factors on a regular
basis to determine if fraud has occurred. Explain why or why not.