Power Point Presentation
Develop a slide show providing general information to your colleagues about the components of the COSO framework you wrote about in your final project report. Identify ONE component you selected to focus on, and 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? Indicate why you think this component is of important value to the fraud case you developed previously (in your case presentation)? 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.
In the note section of each slide, please provide a narrative writing of the content you wish to discuss on that particular slide. This narration should be written in prose, not bullet-point, and should include proper in-text citations.
If some content on the slides or in the slides’ note sections is based on a published source, a citation and reference list using APA formatting would be appropriate. Also, you should include 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.
Fraud Project Report
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 need to refer to a case you presented during the class and explain how the issues from that case might have been avoided, if this component of internal control had been applied effectively.
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.
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.