Component of Internal Control

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For this assignment, select one Component of Internal Control discussed in the
framework:
 Control Environment
 Risk Assessment
 Control Activities
 Information and Communication
 Monitoring Activities
Discuss the implications of the selected component or control area. How does this
relate to the types of fraud you have studied during the course, like larceny? How do
the controls you selected build a better culture in an organization? You might refer to
a case you presented during the class and how the issues from that case might have
been avoided, if this component of internal control had been applied effectively.
Several points should be clear: (a) When you select one of the components from the
internal control framework, you are not necessarily stating your view that one
is best compared to the others, since each has a unique role in the whole. (b) Toward
the end of your discussion of the component you considered, comment on how that
component interacts with or supports other components in making up the whole. That
is the point of this ending.
This Report unites the various sources and information you have collected during the
course. The Report, including a reference list, is to generally comply with the
American Psychological Association (APA) style rules. Times New Roman font is
standard for APA formatting. As noted elsewhere, the Report should be single-spaced
with a blank line between paragraphs. Completed Reports are to be posted to the
Project Report Assignments folder.
Fraud topics discussed: Asset misappropriation, skimming, register disbursement scheme,
tampering with payroll, bribery scheme
A successful Report should not require more than two pages in most instances. This
should be an opportunity to look back on the course and see how organizational risk,
risk management, and systems of internal control come together to deter fraud.
Power Point Presentation
Develop a slide show providing general information to your colleagues
about the component of internal control from the COSO framework you
wrote about in your final project report. Identify the component you