Governance Strategies
For this assignment, you will select a different company than in the prior assignments and one that was recently exposed to financial fraud. The fraud could be an internal or external type of financial fraud; it is strictly a financial type of fraud.
Describe a selected company, its operations, and its associated industry that recently was subjected to financial fraud and evaluate these areas for strengthening corporate financial governance practices.
Evaluate in detail the financial fraud the selected company was exposed to, citing errors in financial operations, applications of accounting procedures, and lack of accounting oversight that includes any potential unobserved deficiencies.
Recommend a detailed strategy for a selected company with at least three integrated solutions for auditing and monitoring procedures to improve corporate governance of the company’s finances and mitigate financial fraud risk for the company.
Evaluate potential risks in the selected company for ethics violations and how the integrated solutions for auditing and monitoring procedures will mitigate the risk and that is supported with a justification for reducing the risk.
Evaluate at least two industry best practices in a recommendation to the selected company to adopt in its financial governance policies that would increase ethical standards and enhance corporate governance practices.
