Acct Study guides, Class notes & Summaries

Investigate Project Design .docx ACCT 320 Investigative Project Design-Wire Fraud UMGC ACCT 320 Fraud Detection and Deterrence Case Presentation Faye Barnes and Jack Holmes created a scheme that hacked into the company's network and spoofed emails. If a company had an account payable account and invoices were being paid through ACH and was approved through email it was an easy way for them to steal money. They would send an email from a current employee asking that an invoice be paid f...

Deterrance Measure Design .docx ACCT 320 Deterrence Measure Design-Wire Fraud UMGC ACCT 320 Fraud Detection and Deterrence DeterrenceMeasureDesign After conducting the fraud investigation it is important to issue new laptops to affected employees. I recommend better security software that will update automatically to keep up with any new security threats. External hard drives or the cloud should be used to back up systems data. The company needs to invest in phishing training for its staf...

Current Event Report ACCT 320 Current Event Report 2 UMGC ACCT 320 Fraud Detection and Deterrence On Friday, March 26, 2021, Daniel Boice the CEO and co-founder of Trustify Inc, a private technology start-up company that connected customers with private investigators were sentenced to 97 months in prison plus 3 years of supervised probation and ordered to pay 18,131,742.21 in restitution and 3.7 million in forfeiture (Department of Justice, U.S. Attorney's Office, Eastern District of Vi...

IASB US GAAP Report .docx ACCT 311 IASB US GAAP REPORT Management Commentary ACCT 311 Introduction The International Accounting Standards Board (IASB) is an impartial body of professionals with a good combination of recent practical expertise in setting accounting standards, planning, auditing, or presenting financial reporting, and accounting preparation. Wide geographical diversity is also required. The IFRS Foundation Charter outlines the full board selection requirements, and the regiona...

Fraud Project Report .docx ACCT 320 Fraud Project Report: Monitoring Activities UMGC ACCT 320 Fraud Detection and Deterrence Monitoring Activities Monitoring Activities is one of the essential components of the five COSO s Frameworks. It is important because it monitors internal controls ensuring that the system that has been implemented is working properly and are operating effectively. Managing controls involves third-party and company reviews of the controls along with notifying the rel...

Current Event Report ACCT 320 Current Event Report 3 UMGC ACCT 320 Fraud Detection and Deterrence It was revealed that four suspects are facing charges for an unemployment pandemic benefits fraud in which they are said to have used personal details from over three hundred inmates that resulted in over $300,000 in compensation. Mary Benton and Angel Cartwright, both 38, reportedly joined forces with two convicts at two state prisons to compile personal details, then used it to claim unemp...

Weeks 1-5 of ACCT 220

Weeks 1-5 of ACCT 220

University of Maryland CMIT 370 Questions 1. You manage a group of 10 Windows 8 workstations that are currently configured as a workgroup. Which are advantages you could realize by installing active directory and adding the computer to a domain? 2. Logical organization of resources= Collection of network resources= Collection of related domain trees= Resource in the directory= Group of related domains= 3. domain controller= site= subnet= forest root domain= tree root domain= 4. Data...

Target 10K R RUNNING HEAD: Target Corporation 10-K Report ACCT 221 Target Corporation 10-K Report ACCT 221 Target Corporation 10-K Report Target Corporation, better known as simply Target, is the number 37 ranked Fortune 500 Company (Fortune Media IP Limited, 2020). Founded in 1962, Target is a popular general merchandise retailer based in the United States, with over 1,900 stores nationw...