ACC 691 Module Two Assignment Guidelines and Rubric
Scenario
You are a staff accountant for Sea Coast Productions, an organization that films and promotes local tourism-related videos. Your supervisor is concerned about whether your organization has proper internal controls. You have been asked to review a case study of another organization to identify internal control weaknesses in that organization and relate it to potential weaknesses your organization might face. Your supervisor has asked you to write a report based on your findings.
The skills practiced in this assignment will help to support your work in Project Two.
Directions
Refer to the case study in the
Supporting Materials
section to write a report describing the internal controls that the organization should implement.
Specifically, you must address the following rubric criteria:
Explain types of internal controls that can mitigate the fraud in the case study. Address the following types of fraud in your response:EmbezzlementLarcenyMisappropriation
What to Submit
Submit your report as a 1- to 2-page Microsoft Word document with double spacing, 12-point Times New Roman font, and one-inch margins. Sources should be cited according to APA style.
Supporting Materials
Resource:
Harvard Case: Clueless in Seattle (With No Internal Controls)
This case study describes a scenario where three entrepreneurs start an organization and the situation that unfolded when the owners gave the organization’s controller too much authority with no internal controls.