Acc 571 Week 4 Assignment 2

In: Business and Management

Submitted By coursehomework
Words 288
Pages 2
ACC 571 WEEK 4 ASSIGNMENT 2
To purchase this visit here: http://www.coursehomework.com/product/acc-571-week-4-assignment-2/ Contact us at: help@coursehomework.com ACC 571 WEEK 4 ASSIGNMENT 2
ACC 571 Week 4 Assignment 2 - Cybercrimes and Computer Security
ACC 571 Week 4 Assignment 2 - Cybercrimes and Computer Security Systems Assignment 2: Cybercrimes and Computer Security Systems
Due Week 4 and worth 280 points
With the advent of computers, cybercrime and Internet frauds are increasing in frequency and in size. The trend is likely to continue. Cybercrimes are described as activities in which a computer or network of computers are an integral part of a crime.
For this assignment, research the Internet or Strayer databases and identify an organization that was a victim of cybercrime.
Write a four to five (4-5) page paper in which you:
Based on your research, identify and assess the fraud that occurred in the organization, as well as the impact that the fraud had on the corporation’s investors and creditors.
1.
Suggest how a financial forensic investigation could have detected fraud in the organization that you researched. Consider the risk factors, the elements of fraud, and the analysis of competing hypotheses.
2.
Asses the economic losses that occurred at the organization you researched and recommend a plan of action for the company to restore any economic losses.
3.
Compare and contrast accidental fraudsters and predators. Give your opinion on what type of fraudster(s) committed fraud at the organization you researched. Provide support for your rationale.
More Details hidden...
Course Home Work aims to provide quality study notes and tutorials to the students of ACC 571 Week 4 Assignment 2 in order to ace their…...

Similar Documents

Acc 565 Week 4 Assignment 2

...ACC 565 Week 4 Assignment 2 Assignment 2 :Constructive Dividends, Redemptions, and Related Party Losses IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download http://hwnerd.com/ACC-565-Week-4-Assignment-2-4331111.htm?categoryId=-1 If You Face Any Problem E- Mail Us At Contact.Hwnerd@Gmail.Com Suppose you are a CPA hired to represent a client that is currently under examination by the IRS. The client is the president and 95% shareholder of a building supply sales and warehousing business. He also owns 50% of the stock of a construction company. The remaining 50% of the stock of the construction company is owned by the client’s son. The client has received a Notice of Proposed Adjustments (NPA) on three (3) significant issues related to the building supply business for the years under examination. The issues identified in the NPA are unreasonable compensation, stock redemptions, and a rental loss. Additional facts regarding the issues are reflected below: • Unreasonable compensation: The taxpayer receives a salary of $10 million composed of a $5 million base salary plus 5% of gross receipts not to exceed $5 million. The total gross receipts of the building supply business are $300 million. The NPA by the IRS disallows the salary based on 5% of gross receipts as a constructive dividend • Stock redemptions: During the audit period, the construction company redeemed 50% of the outstanding stock owned by the client and 50% of the......

Words: 474 - Pages: 2

Acc 565 Week 4 Assignment 2

...ACC 565 Week 4 Assignment 2 Assignment 2 :Constructive Dividends, Redemptions, and Related Party Losses IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download http://hwnerd.com/ACC-565-Week-4-Assignment-2-4331111.htm?categoryId=-1 If You Face Any Problem E- Mail Us At Contact.Hwnerd@Gmail.Com Suppose you are a CPA hired to represent a client that is currently under examination by the IRS. The client is the president and 95% shareholder of a building supply sales and warehousing business. He also owns 50% of the stock of a construction company. The remaining 50% of the stock of the construction company is owned by the client’s son. The client has received a Notice of Proposed Adjustments (NPA) on three (3) significant issues related to the building supply business for the years under examination. The issues identified in the NPA are unreasonable compensation, stock redemptions, and a rental loss. Additional facts regarding the issues are reflected below: • Unreasonable compensation: The taxpayer receives a salary of $10 million composed of a $5 million base salary plus 5% of gross receipts not to exceed $5 million. The total gross receipts of the building supply business are $300 million. The NPA by the IRS disallows the salary based on 5% of gross receipts as a constructive dividend • Stock redemptions: During the audit period, the construction company redeemed 50% of the outstanding stock owned by the client and 50% of the......

Words: 474 - Pages: 2

Acc 565 Week 4 Assignment 2

...ACC 565 Week 4 Assignment 2 Assignment 2 :Constructive Dividends, Redemptions, and Related Party Losses IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download http://hwnerd.com/ACC-565-Week-4-Assignment-2-4331111.htm?categoryId=-1 If You Face Any Problem E- Mail Us At Contact.Hwnerd@Gmail.Com Suppose you are a CPA hired to represent a client that is currently under examination by the IRS. The client is the president and 95% shareholder of a building supply sales and warehousing business. He also owns 50% of the stock of a construction company. The remaining 50% of the stock of the construction company is owned by the client’s son. The client has received a Notice of Proposed Adjustments (NPA) on three (3) significant issues related to the building supply business for the years under examination. The issues identified in the NPA are unreasonable compensation, stock redemptions, and a rental loss. Additional facts regarding the issues are reflected below: • Unreasonable compensation: The taxpayer receives a salary of $10 million composed of a $5 million base salary plus 5% of gross receipts not to exceed $5 million. The total gross receipts of the building supply business are $300 million. The NPA by the IRS disallows the salary based on 5% of gross receipts as a constructive dividend • Stock redemptions: During the audit period, the construction company redeemed 50% of the outstanding stock owned by the client and 50% of the......

Words: 474 - Pages: 2

Acc 565 Week 4 Assignment 2

...ACC 565 WEEK 4 ASSIGNMENT 2 To buy this click here http://www.coursehomework.com/product/acc-565-week-4-assignment-2/ Contact us :+1 315-750-4434, help@coursehomework.com ACC 565 WEEK 4 ASSIGNMENT 2 ACC 565 WEEK 4 ASSIGNMENT 2 Assignment 2 :Constructive Dividends, Redemptions, and Related Party Losses Suppose you are a CPA hired to represent a client that is currently under examination by the IRS. The client is the president and 95% shareholder of a building supply sales and warehousing business. He also owns 50% of the stock of a construction company. The remaining 50% of the stock of the construction company is owned by the client’s son. The client has received a Notice of Proposed Adjustments (NPA) on three (3) significant issues related to the building supply business for the years under examination. The issues identified in the NPA are unreasonable compensation, stock redemptions, and a rental loss. Additional facts regarding the issues are reflected below: · Unreasonable compensation: The taxpayer receives a salary of $10 million composed of a $5 million base salary plus 5% of gross receipts not to exceed $5 million. The total gross receipts of the building supply business are $300 million. The NPA by the IRS disallows the salary based on 5% of gross receipts as a constructive dividend · Stock redemptions: During the audit period, the construction company redeemed 50% of the outstanding stock owned by the client and 50% of the stock owned by the......

Words: 471 - Pages: 2

Acc 565 Week 4 Assignment 2

...A++PAPER;http://www.homeworkproviders.com/shop/acc-565-week-4-assignment-2/ ACC 565 WEEK 4 ASSIGNMENT 2 ACC 565 Week 4 Assignment 2 ACC 565 WEEK 4 ASSIGNMENT 2 Assignment 2 :Constructive Dividends, Redemptions, and Related Party Losses Suppose you are a CPA hired to represent a client that is currently under examination by the IRS. The client is the president and 95% shareholder of a building supply sales and warehousing business. He also owns 50% of the stock of a construction company. The remaining 50% of the stock of the construction company is owned by the client’s son. The client has received a Notice of Proposed Adjustments (NPA) on three (3) significant issues related to the building supply business for the years under examination. The issues identified in the NPA are unreasonable compensation, stock redemptions, and a rental loss. Additional facts regarding the issues are reflected below: · Unreasonable compensation: The taxpayer receives a salary of $10 million composed of a $5 million base salary plus 5% of gross receipts not to exceed $5 million. The total gross receipts of the building supply business are $300 million. The NPA by the IRS disallows the salary based on 5% of gross receipts as a constructive dividend · Stock redemptions: During the audit period, the construction company redeemed 50% of the outstanding stock owned by the client and 50% of the stock owned by the client’s son, leaving each with the same ownership percentage of......

Words: 459 - Pages: 2

Acc 571 Week 2 Assignment 1 Strayer

...ACC 571 WEEK 2 ASSIGNMENT 1 STRAYER To purchase this visit here: http://www.coursehomework.com/product/acc-571-week-2-assignment-1-strayer/ Contact us at: help@coursehomework.com ACC 571 WEEK 2 ASSIGNMENT 1 STRAYER ACC 571 Week 2 Assignment 1 - Corporate Fraud Schemes - Strayer Identify an organization that was involved in corporate fraud. Explain how fraud can be detected and evaluate the importance of teamwork and leadership in a fraud investigation. For this assignment, research the Internet or Strayer databases and identify an organization that was involved in corporate fraud. Write a three to four (3-4) page paper in which you: Based on your research, identify and assess the fraud that occurred in the organization and the impact it has had on the corporation’s investors and creditors. Provide support for your rationale. 1. Suggest how a financial forensic investigation could have detected fraud in the organization that you researched. Consider the risk factors, the elements of fraud, and the analysis of competing hypotheses. 2. Evaluate how teamwork and leadership is an effective tool for financial forensic investigations. Provide support for your evaluation. 3. Assess the role of research in fraud examinations and financial forensics professions. Give your opinion on whether or not fraud examinations and financial forensics professions can have long-term success without continuous research in the field. Provide support for your......

Words: 279 - Pages: 2

Acc 571 Week 10 Assignment 4

...ACC 571 WEEK 10 ASSIGNMENT 4 To purchase this visit here: http://www.coursehomework.com/product/acc-571-week-10-assignment-4/ Contact us at: help@coursehomework.com ACC 571 WEEK 10 ASSIGNMENT 4 ACC 571 Week 10 Assignment 4 - Asset Misappropriation and Corpor 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 organization’s assets. Provide support for your rationale. 2. Assess management’s 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 ...

Words: 316 - Pages: 2

Acc 565 Week 4 Assignment 2

...ACC 565 WEEK 4 ASSIGNMENT 2 A+ Graded Tutorial Available At: http://hwsoloutions.com/?product=week-4-assignment-2 Visit Our website: http://hwsoloutions.com/ Product Description ACC 565 WEEK 4 ASSIGNMENT 2, Being The CPA, I would like to provide my recommendations on the issues mentioned by you as follows: Applicable Laws: As for the compensation, which is supposed to be paid to the shareholders of the company, there are some strict regulations under IRC and supporting authorities acting for the same. No compensation can be provided to any shareholder more than the amount paid to any other shareholder of the company is the same situation and circumstances. Redemption of stock held by the company is also considered as the compensation to the company so the company is not having the stock ownership any more. IRS rules explain that the losses, which are incurred as a result of any passive activity, are not allowed in a scenario where the income of the person increases the passive activities performed. The only exception to this the case is where the claimant is a real state personal as per the IRS rules. For such personal there are no limits to the loss and income arising and such income and loss is not supposed to be arising from the passive activities. Issues under Consideration: You are under consideration by the IRS and a notice is served to you called the notice of proposed Adjustments. Being The CPA, I would like to provide my recommendations on the......

Words: 450 - Pages: 2

Acc 571 Week 4 Assignment 2

...ACC 571 WEEK 4 ASSIGNMENT 2 To purchase this visit here: http://www.activitymode.com/product/acc-571-week-4-assignment-2/ Contact us at: SUPPORT@ACTIVITYMODE.COM ACC 571 WEEK 4 ASSIGNMENT 2 ACC 571 Week 4 Assignment 2 - Cybercrimes and Computer Security ACC 571 Week 4 Assignment 2 - Cybercrimes and Computer Security Systems Assignment 2: Cybercrimes and Computer Security Systems Due Week 4 and worth 280 points With the advent of computers, cybercrime and Internet frauds are increasing in frequency and in size. The trend is likely to continue. Cybercrimes are described as activities in which a computer or network of computers are an integral part of a crime. For this assignment, research the Internet or Strayer databases and identify an organization that was a victim of cybercrime. Write a four to five (4-5) page paper in which you: Based on your research, identify and assess the fraud that occurred in the organization, as well as the impact that the fraud had on the corporation’s investors and creditors. 1. Suggest how a financial forensic investigation could have detected fraud in the organization that you researched. Consider the risk factors, the elements of fraud, and the analysis of competing hypotheses. 2. Asses the economic losses that occurred at the organization you researched and recommend a plan of action for the company to restore any economic losses. 3. Compare and contrast accidental fraudsters and predators. Give your opinion on what...

Words: 1145 - Pages: 5

Acc 571 Week 2 Assignment 1 Strayer

...ACC 571 WEEK 2 ASSIGNMENT 1 STRAYER To purchase this visit here: http://www.activitymode.com/product/acc-571-week-2-assignment-1-strayer/ Contact us at: SUPPORT@ACTIVITYMODE.COM ACC 571 WEEK 2 ASSIGNMENT 1 STRAYER ACC 571 Week 2 Assignment 1 - Corporate Fraud Schemes - Strayer Identify an organization that was involved in corporate fraud. Explain how fraud can be detected and evaluate the importance of teamwork and leadership in a fraud investigation. For this assignment, research the Internet or Strayer databases and identify an organization that was involved in corporate fraud. Write a three to four (3-4) page paper in which you: Based on your research, identify and assess the fraud that occurred in the organization and the impact it has had on the corporation’s investors and creditors. Provide support for your rationale. 1. Suggest how a financial forensic investigation could have detected fraud in the organization that you researched. Consider the risk factors, the elements of fraud, and the analysis of competing hypotheses. 2. Evaluate how teamwork and leadership is an effective tool for financial forensic investigations. Provide support for your evaluation. 3. Assess the role of research in fraud examinations and financial forensics professions. Give your opinion on whether or not fraud examinations and financial forensics professions can have long-term success without continuous research in the field. Provide support for your......

Words: 832 - Pages: 4

Acc 571 Week 10 Assignment 4

...ACC 571 WEEK 10 ASSIGNMENT 4 To purchase this visit here: http://www.activitymode.com/product/acc-571-week-10-assignment-4/ Contact us at: SUPPORT@ACTIVITYMODE.COM ACC 571 WEEK 10 ASSIGNMENT 4 ACC 571 Week 10 Assignment 4 - Asset Misappropriation and Corpor 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 organization’s assets. Provide support for your rationale. 2. Assess management’s 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......

Words: 1257 - Pages: 6

Acc 571 Week 4 Assignment 2

...ACC 571 WEEK 4 ASSIGNMENT 2 To purchase this tutorial visit here: http://mindsblow.us/question_des/ACC571WEEK4ASSIGNMENT2/547 contact us at: help@mindblows.us ACC 571 WEEK 4 ASSIGNMENT 2 Cybercrimes and Computer Security Systems Assignment 2: Cybercrimes and Computer Security Systems Due Week 4 and worth 280 points With the advent of computers, cybercrime and Internet frauds are increasing in frequency and in size. The trend is likely to continue. Cybercrimes are described as activities in which a computer or network of computers are an integral part of a crime. For this assignment, research the Internet or Strayer databases and identify an organization that was a victim of cybercrime. Write a four to five (4-5) page paper in which you: Based on your research, identify and assess the fraud that occurred in the organization, as well as the impact that the fraud had on the corporation’s investors and creditors. 1. Suggest how a financial forensic investigation could have detected fraud in the organization that you researched. Consider the risk factors, the elements of fraud, and the analysis of competing hypotheses. 2. Asses the economic losses that occurred at the organization you researched and recommend a plan of action for the company to restore any economic losses. 3. Compare and contrast accidental fraudsters and predators. Give your opinion on what type of fraudster(s) committed fraud at the organization you researched. Provide support for your......

Words: 957 - Pages: 4

Acc 571 Week 2 Assignment 1 Str

...ACC 571 WEEK 2 ASSIGNMENT 1 STR To purchase this tutorial visit here: http://mindsblow.us/question_des/ACC571WEEK2ASSIGNMENT1STR/545 contact us at: help@mindblows.us Identify an organization that was involved in corporate fraud. Explain how fraud can be detected and evaluate the importance of teamwork and leadership in a fraud investigation. For this assignment, research the Internet or Strayer databases and identify an organization that was involved in corporate fraud. Write a three to four (3-4) page paper in which you: Based on your research, identify and assess the fraud that occurred in the organization and the impact it has had on the corporation’s investors and creditors. Provide support for your rationale. 1. Suggest how a financial forensic investigation could have detected fraud in the organization that you researched. Consider the risk factors, the elements of fraud, and the analysis of competing hypotheses. 2. Evaluate how teamwork and leadership is an effective tool for financial forensic investigations. Provide support for your evaluation. 3. Assess the role of research in fraud examinations and financial forensics professions. Give your opinion on whether or not fraud examinations and financial forensics professions can have long-term success without continuous research in the field. Provide support for your rationale. 4. Use at least three (3) quality resources in this assignment. Note: Wikipedia and similar Websites do not qualify as......

Words: 682 - Pages: 3

Acc 571 Week 10 Assignment 4

...ACC 571 WEEk 10 Assignment 4 To purchase this tutorial visit here: http://mindsblow.us/question_des/ACC571WEEK10ASSIGNMENT4/543 contact us at: help@mindblows.us 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 organization’s assets. Provide support for your rationale. 2. Assess management’s 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......

Words: 793 - Pages: 4

Acc 565 Week 4 Assignment 2

...ACC 565 WEEK 4 ASSIGNMENT 2 To purchase this tutorial visit here: http://mindsblow.us/question_des/ACC565WEEK4ASSIGNMENT2/536 contact us at: help@mindblows.us ACC 565 WEEK 4 ASSIGNMENT 2 Assignment 2 :Constructive Dividends, Redemptions, and Related Party Losses Suppose you are a CPA hired to represent a client that is currently under examination by the IRS. The client is the president and 95% shareholder of a building supply sales and warehousing business. He also owns 50% of the stock of a construction company. The remaining 50% of the stock of the construction company is owned by the client’s son. The client has received a Notice of Proposed Adjustments (NPA) on three (3) significant issues related to the building supply business for the years under examination. The issues identified in the NPA are unreasonable compensation, stock redemptions, and a rental loss. Additional facts regarding the issues are reflected below: • Unreasonable compensation: The taxpayer receives a salary of $10 million composed of a $5 million base salary plus 5% of gross receipts not to exceed $5 million. The total gross receipts of the building supply business are $300 million. The NPA by the IRS disallows the salary based on 5% of gross receipts as a constructive dividend • Stock redemptions: During the audit period, the construction company redeemed 50% of the outstanding stock owned by the client and 50% of the stock owned by the client’s son, leaving each with the same ownership......

Words: 1825 - Pages: 8