Accounting Question

ACC 691 Module Three Activity Guidelines and Rubric

Scenario

You are a senior accountant for Sapphire Consulting Group, a marketing firm with multiple departments. In your recent work, you came across certain practices that concerned you from an ethical standpoint. Your supervisor, the compliance officer, also mentioned to you that a few employees are not fully adhering to certain rules and regulations. Moreover, your supervisor is concerned that these employees have become too lax in their diligence. To address these concerns, your supervisor has asked you to write an interdepartmental memo that discusses the importance of internal controls and regulatory compliance, as well as best practices for moving forward.

The skills practiced in this assignment will help to support your work in Project Two.

Directions

Use the scenario provided in the

Supporting Materials

section to write an interdepartmental memo that describes how an ethical framework can be implemented in an organization.

Specifically, you must address the following rubric criteria:

Describe the detection technique that led to the discovery of the issue in the scenario.

Explain a prevention strategy that is missing from this scenario.

Summarize the impact that the missing prevention strategy can have if it is implemented.

Determine the role that ethics plays in the fraud examination in the scenario.

Explain the importance of organizational compliance with current laws and regulations.

Recommend strategies an organization can use to comply with current laws and regulations.

What to Submit

Submit your memo as a 3- to 4-page Microsoft Word document with double spacing, 12-point Times New Roman font, and one-inch margins. Sources should be cited according to APA style.

Supporting Materials

The following resource supports your work on this memo:

Resource:

Sapphire Consulting Group Unethical Practices

This document will clarify the background of the scenario.