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:
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