Questions/Business/ManagementWeek 3 Interim Report and Presentation
Part 1: Week 3 Interim Report
Continue your research on the selected organization, focusing this week on the use of technology in mediating organizational risks. Based on your research, analyze how the organization enables risk management through the use of technology and include your analysis in this weeks Interim report.
The Sarbanes-Oxley Act significantly increases the responsibility of CEOs and CFOs in attesting to the integrity of their company’s financial statements. In the face of this increased responsibility, CFOs are enhancing their ERM practices and are making significant demands for more detailed internal management reports and other information from business managers. Their focus is on increasing transparency within the organization to reduce unpleasant surprises.
Review documentation on the organization you selected. In particular, research the annual statements as required by Section 404 Sarbanes-Oxley Act of 2002, on internal controls and mediating risks. For the interim report this week, you should explain what the organization does to mediate risks, and discuss internal controls and associated risks.
Part 2: Presentation
Prepare a 1015-page Microsoft PowerPoint presentation that summarizes your findings over the last three weeks on your selected organization. You may choose to access previous submissions, along with this template.
Attachments
SU_FIN4101_W3_A2.ppt
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Prof_Expert4_UA 98 TUTOR Posted 180. Sold 177. Solution preview:
Applying the Sarbanes_Oxley Acts Section ***, the annual statements of Wal-Ma** ******* *** ***** ****** ******* ***** *** ******** ***** ******** including ***** **** ** ***** ***** ***** (external auditors), ****** **** *** ******** ******* procedures *** ** ***** *** ******** ******** ******* **** Wal-Marts ******** ******* procedures *** **** prescribed Committee_of ****** ******* ***** *** ******** ******** effectively ****** ******* ***** *** ******** ******** ******** **** **** *** ***** ** fraudulent ******** ***** ******** ** *** financial ******* *** ***** ******* *** possibility ** inclusion ** unrealistic ******** Additionally, fraudulent ******** *** intentionally **** ** ******* * ****** financial ******* ** *** **** *** ** *** realistic ******** ****** ** *** fraudulent ******** ******** Management, accounting ***** *** ******** *** ******** *** ******* *** ******** ** ******* ***** financial ******* *** ***** ******* *** ******* fraudulently overstating *** ******** Similarly, *** ***** financial ******** *** ******* fraudulently overstating *** *** *** ******** Likewise, *** fraudulent ******** *** ******* understating *** liabilities ** *** **** ******* *** fraudulent ******** *** ******* understating *** ****** ******** ** *** **** *** effective ******** ******** ******* procedures **** ******* requiring *** correction ** adjustment ** fraudulent ******** *** fraudulent ******** ****** ** ******** ** ******* *** **** financial ******* (Ferrell, ***** ******** *** ******** ******** ******* procedures *** **** *** ******** Sarbanes_Oxley ******* ******* *** Compliance ******* *** ***** ** *** ******* ****** ** *** preparation ** *** financial ******* ****** *** *** intentionally **** ** ***** ******* ****** *** ***** ***** ** ****** *** ******** ******** internal_control procedures **** ******** *** ******** ****** **** discovery, *** ******** ******** **** automatically ****** adjusting *** ******** ** *** ******* ******* ******** ******** ** ******** ***** ******* ****** **** ** ****** *** ***** ******* *** ******** ******** *** employees ** *** **** *** ******** ******** ******* *** ******** ******* ******* activities ** *** ******** ******** ******** ** *** ***** ***** *** ******** ******** *** *** employees ** *** **** (Ferrell, ***** Furthermore, *** ******** ******* ***** ****** (mediate) ***** *** ******** ******** institutes ******** controls **** ****** procedure ** ****** *** **** **** **** collected **** *** customers *** *** ****** ** *** ***** ******** Likewise, *** ******** ******** ***** procedures ******* *** ***** ******* ***** ** *** ******** ******** *** *** **** ** *** ***** ****** ** **** **** ** *** ******** ******* *** ***** ***** *** ****** ******** ***** inventories **** *** *** ***** ** *** ***** *** inventory *** ****** ** ******* ******* ****** ******** ****** ** ****** *** **** ** *** discovering **** ******** ***** ***** *** ******* ******** ** *** ******** ** inventories (Ferrell, ***** Likewise, ***** ******** ******* procedures *** ** ***** ** ****** ******* ***** ******** ****** *** **** ******* **** ****** *** **** ** shoplifting *** **** ** ******** ***** ****** *** ******** ***** ******** Inventory ****** *** conducted regularly ** **** *** **** ** unreported ******** ** ****** ***** ******** ******* *** ******** ******** ******* procedure ******* ***** ******* ******** ** *** ****** ***** ** *** customers ***** ******** *** *** **** ** *** ***** ***** ****** *** ******** customers ******** ** ****** *** **** ** ******** *** ***** *** **** ******* **** ******* ** relatives ******** ***** **** *** ****** ******** ***** ** ****** ******** *** ***** ******** ****** **** **** ***** customers ** ***** *** *** ***** ******** ** *** acpanying ***** ******* ** ******** Likewise, *** ******** ****** **** ******* *** ****** ** *** ******** employees ** determine ** **** *** ******** ***** ******** ** ******** ******* *** ****** ******* permission ******** *****
Attachments
Week 3 Interim Report3.zip
Sarbanes_Oxley Act
Applying the Sarbanes_Oxley Acts Section ***, the annual statements ** ******** ******* *** ***** ****** ******* ***** *** ******** ***** ******** including ***** **** ** ***** * ***** (external auditors), ****** **** *** ******** ******* procedures *** ** ***** *** ******** ******** ******* **** Wal-Marts ******** ******* procedures *** **** prescribed Committee_of ****** ******* ***** *** ******** ******** effectively ****** ******* ***** *** ******** ******** ******** **** **** fraudulent ******** ******** ** *** financial ******* *** ***** ******* *** possibility ** inclusion ** unrealistic ******** Fraudulent ******** *** intentionally **** ** ******* * ****** financial ******* ** *** **** *** ** *** realistic ******** ****** ** *** fraudulent ******** ******** Management, accounting ***** *** ******** *** ******** *** ******* *** ******** ** ******* ***** financial ******* *** ***** ******* *** ******* fraudulently overstating *** ******** Similarly, *** ***** financial ******** *** ******* fraudulently overstating *** *** *** ******** Likewise, *** fraudulent ******** *** ******* understating *** liabilities ** *** **** ******* *** fraudulent ******** *** ******* understating *** ****** ******** ** *** **** *** effective ******** ******** ******* procedures **** ******* requiring *** correction ** adjustment ** fraudulent ******** *** fraudulent ******** ****** ** ******** ** ******* *** **** financial ******* (Ferrell, *****
******** *** ******** ******** ******* procedures ******** ** Sarbanes_Oxley ******* ******* *** **** **** **** ****** ** *** preparation ** *** financial ******* ****** *** *** intentionally **** ** ***** ******* ****** *** ***** ***** ** ****** *** ******** ******** internal_control procedures **** ******** *** ******** ****** **** discovery, *** ******** ******** **** automatically ****** adjusting *** ******** ** *** ******* ******* (Ferrell, *****
Furthermore, *** ******** ******* ***** ******* ***** *** ******** ******** institutes ******** controls **** ****** procedure ** determine ** **** collected **** *** customers *** *** ****** ** *** ***** ******** Likewise, *** ******** ******** ***** procedures ******* *** ***** ******* ***** ** *** ******** ******** *** *** **** ** *** ***** ****** ** **** **** ** *** ******** ******* *** ***** ***** *** ****** ******** ***** inventories **** *** *** ***** ** *** ***** *** inventory *** ****** ** ******* ******* ****** ******** ****** ** determine ** **** ******** ***** ***** *** ******* ******** ** *** ******** ** inventories ******** ****** *** **** ******* **** ****** shoplifting *** ******** ***** ****** *** ******** ***** ******** Inventory ****** *** ******** * regularly ** **** unreported ******** ** ****** ***** ******** ******* *** ******** ******** ******* procedure ******* ***** ******* ******** ** *** ****** ***** ** *** customers ***** ******** *** *** **** ** *** ***** ***** ****** *** ******** customers ******** ******** *** ***** ******** ****** **** **** ***** customers ** ***** *** *** ***** ******** ** *** acpanying ***** ******* ** ******** Likewise, *** ******** ****** **** ******* *** ****** ** *** ******** employees ** determine ** **** *** ******** ***** ******** ** ******** ******* *** ****** ******* permission
Moreover, *** ******** ******** ******* ******** *** ******** *** **** ** * ***** ** ***** *** ***** *** ***** ** **** ** ****** *** ****** ** ******* spoilages ****** *** accounting ****** ******** ******** ****** **** *** ******** ****** ***** ***** **** *** ***** ** ***** *** ******* ***** *** ***** *** ***** *** *** ***** ** *** ***** ******* ***** *** ******* ***** ***** ****** *** **** ****** *** *** ***** **** *** *** ***** *** ****** ** **** spoilages ** customers *** ** ***** ** ******** *** ******* ** ***** ****** ***** ** *** ***** ** *** ** ***** ******** ****** ** ********
References
****** ** ****** Essentials ** ******** ***** *** **** * ***** * **** *****
******** * ****** ******** ****** ******* ******** ****** *** **** ******* ********
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SU_FIN****_W*_A*cppt
Final_Project **** * ******* ****** _Presentation Students **** ****
******** ***
****** *** **** **** **** ******* ** ****** *** **** ** shoplifting ****** (Bergdahl, ***** *** **** ******* ****** shoplifters *** *** **** ******** ***** ***** **** *** ******** ******** ***** ** * **** **** **** shoplifters *** ***** *** ***** ***** ******* ****** *** *** ****** *****
Sarbanes_Oxley ***
******** *** Sarbanes_Oxley ******* ******* **** *** ****** statements ** ******** ******* *** ***** ****** ******* ***** *** ******** ***** ******** including ***** **** ** ***** * ***** (external auditors), ****** **** *** ******** ******* procedures *** ** *****
Continuation
Likewise, *** fraudulent ******** *** ******* understating *** liabilities ** *** **** ******* *** fraudulent ******** *** ******* understating *** ****** ******** ** *** **** *** effective ******** ******** ******* procedures **** ******* requiring *** correction ** adjustment ** fraudulent ******** *** fraudulent ******** ****** ** ******** ** ******* *** **** financial ******* (Ferrell, *****
*** Technologies ** *** *******
******** *** ******** ******** ******* procedures *** **** *** ******** Sarbanes_Oxley ******* ******* *** Compliance ******* *** ***** ** *** ******* ****** ** *** preparation ** *** financial ******* ****** *** *** intentionally **** ** ***** ******* ****** *** ***** ***** ** ******
*** Technology *******
Furthermore, *** ******** ******* ***** ****** (mediate) ***** *** ******** ******** institutes ******** controls **** ****** procedure ** ****** *** **** **** **** collected **** *** customers *** *** ****** ** *** ***** ******** Likewise, *** ******** ******** ***** procedures ******* *** ***** ******* ***** ** *** ******** ******** *** *** **** ** *** ***** ****** ** **** **** ** *** ******** *******
Continuation
Furthermore, ******** ***** purchasing ****** ** different suppliers ** ****** *** materials ** inventory ***** **** ** ******* ****** **** different suppliers, ******** ** ******* ** * ****** ****** ** *** ******** ** *** ******** ** *** **** ** ******* *** ******** ***** ** ***** ******** management *** ******** *** **** **** **** ******* ******** **** ***** **** suppliers, *** **** ** ******** ******* ******** ***** **** ** ******* ** ******** **** ***** ****** *****
Conclusions
******** **** **** ******* ** ****** *** **** ** shoplifting ****** ******* ******** ***** ******** ****** ** **** *** *** ****** shoplifters ******** *** Sarbanes_Oxley ******* ******* **** *** ****** statements ** Wal-Marts ***** ****** ******** ***** * ***** (external auditors) affirming *** ******** ******* procedures ****** ** ****** ******* ******** ***** *** ** ****** including ******** ****** *** fraudulent ******* ** *** financial *******
******** ******** ********
******** **** **** ******* ** ****** *** **** ** shoplifting ****** ******* ******** ***** ******** ****** ** **** *** *** ****** shoplifters ******** ******** ******** ******** ***** ** ******** ****** *** ******** ******** ****** *** ***** ** employees *** ******** **** ******** *** ** *** ***** ******** ******* authorization
Conclusions
******** managements **** management ******** ***** **** ***** ***** ******** Sarbanes-Oxley *** ***** regulation requirements ** implementing ******** ******* standards *** ******** ******* ******** ******** effectively ******** Wal-Marts **** management priorities ** ******** ******** ****** increasing ******** * *** *******
References
****** ** ****** Essentials ** ******** ***** *** **** * ***** * **** ***** Bergdahl, * ****** ******** Retrieved ******** ** **** **** * ******* * ****** Enterprise **** Management *** **** * ***** * **** *****
References
***** * ****** **** Management *** **** * ***** * **** ******** * ****** ******** ****** ******* ******** ****** *** **** ******* ******** ***** ****** * ****** Principles ** ******** Financial Accounting Bloomington ****** ***** *****
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*Price: $10.00