Proposal for the analytical report Essay Example | Topics and Well Written Essays - 1000 words

Proposal for the analytical report - Essay ExampleThe research intends to resolution the question, is there a significant relationship between upcountry control pr numberices and reported method of method of accounting frauds in organizations? It proposes to test the null hypothesis that there is no significant difference between effectiveness of internal control mechanisms and incidence of accounting fraud in organizations. Introduction Fraud defines a criminal trick that targets a financial gain. While a final independent audit may identify accounting fraud for legal actions against suspected personnel, this avenue does not recover lost finances because criminal acts attracts no remedy to the victim. The best solution for safeguarding an organizations finances is therefore through establishment of secure internal control avenues that can detect and prevent manageable frauds. This research seeks to establish a al-Qaeda ensuring implementation of most prehend internal contro l measures. The problem Fraud is a major scourge to the going concern of an organization, both small scale and large scale. This identifies fraud and internal control measures towards unequivocal fraud as essential elements to organisational management. A number of internal control measures exist for signal detection and preventing fraud such as application of checks and balances on offices that deals in finance based issues like planning, authorizing, and accounting offices. Frequent reconciliation of accounts, restricting access to authorized personnel, strong policies and discouraging conspiracy are different identified control avenues (Hogan, 2011). Brainstorming to evaluate possible fraud or fraud indicators and monitoring form to codes of conducts as set by organizations also facilitates detection and prevention of fraud (Aicpa, 2005). Such measures are but hard to understand if fraud is deeply rooted in an organization, such as in band where an organizations management applies fraud in outside ventures. This therefore identifies far-reaching effects of fraud that extends to painss performance and consumers economic factors. Fraud is however both a criminal and immoral act that should not exist in professional practice. Effective measures are therefore necessary to ensure that possible threats of fraud are identified and eliminated. Findings from this research go away be instrumental to professional personnel that is aerated with the responsibility of safeguarding an organizations finances. Such are accounts officers and the chief accounting officer, internal auditors, organizations managements and external auditors. The accounts officers lead find the research results helpful in identifying potential threats to fraud for necessary actions such as reportage to senior management officers. The chief accounting officers is however a chief beneficiary of the research findings that will help in controlling the vice in his docket. The management who se role involves disciplining employees and overly supervising an organizational activities and processes need to be informed about fraud control because they are the organizations custodians to external stakeholders. Internal and external auditors will however find the results helpful in identifying inconsistencies in statements and in recommending appropriate measures