Management

Our classroom includes access information to the recent publications of the
Committee of Sponsoring Organizations of the Treadway Commission (COSO). The
COSO Framework for Internal Control is the most recent guidance helpful to
organizational leaders seeking to develop and implement good systems of internal
control.
Access information is available from the Content area within our classroom. It might
be necessary to copy and paste the URL address provided into your Internet access
system (for example, Safari, Chrome, or Internet Explorer). The necessary access
code and password are provided.
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

selected, how you related that component to an effective system of controls.
Your colleagues will be interested in why you selected the component you
did. Indicate why you think this component is of particular value to an
overall system? Are there any particular concerns you have for individuals
in applying this component? The slide show is not necessarily limited in
length, but an appropriate slide show would probably include no less than
four slides and is not likely to include more than ten.
The ability to develop a slide show is often very important in one’s career.
This assignment provides an opportunity for students new to this activity a
chance to practice. There is a balance between providing a full explanation
in a report or narrative writing and using a slide show to highlight key
issues. As we all have encountered in some venue, often items referenced in
a slide show are discussed by an oral presenter in front of a group. Most
successful slide shows include bullet lists with the key points that would be
discussed if you presented your case before the class or a live audience.
Slide shows are not a place for a copy and paste of the words from your
narrative submissions. Also, most of us have been to a presentation and
heard the presenter refer to one of the slides as “sort of like an eye chart,”
because the text is too small to see and read. Summarize on your slides,
rather than including long text. A very good slide show should be suitable
for you to stand up and present to an audience.
If some content in the slides is based on a published source, a citation and
reference list using APA formatting would be appropriate. That includes a
reference list at the end of the slideshow and small citations by the content
supported by a reference. For example, you might refer to the Fraud
Triangle or an aspect of the COSO Framework in supporting your points. A
reference to those would be appropriate.