Hello Niamh,

I only need the power point portion of this question answered. Could you answered it by Tuesday April 18, 2017.

I. Project Title: The University Bookstore: Valuing Familiarity at the Expense of Ethics II. Introduction: Working as an accountant or auditor means you are more likely to be confronted with ethical dilemmas and or fraud. Accountants and auditors have an explicit responsibility to an organization's stakeholders and to the general public to perform their work with due diligence. They must understand risk factors and know how to mitigate risk. Once you become a professional accountant and/or auditor, you must adhere to the AICPA's Code of Professional Conduct or The Institute of Internal Auditors Code of Ethics, as well as the code of ethics of the organization where you work. In this project, you will examine a real-life situation to identify potential stakeholders, discuss possible ethical issues, and propose actions to mitigate fraud. Your role in this project is that of the internal auditor for a university bookstore. Completion of this project will show your ability in a number of competencies. As you complete this project, focus on the following goals and competencies: Goal 1: Communication: Learners demonstrate ability to communicate clearly both orally and in writing. o Competencies: 1.1 Organize document or presentation clearly in a manner that promotes understanding 1.2 Develop coherent paragraphs or points so that each is internally unified and so that each functions as part of the whole document or presentation 1.3 Provide sufficient, correctly cited support that substantiates the writer's ideas 1.4 Tailor communications to the audience 1.5 Use sentence structure appropriate to the task, message and audience 1.6 Follow conventions of Standard Written English Goal 2: Critical Thinking: Learners demonstrate ability to apply logical, systematic decision-making processes to formulate clear, defensible ideas and to draw ethical conclusions. o Competencies: 2.1 Articulate and frame the issue 2.2 Collect and evaluate information 2.3 Evaluate the underlying causes or conditions of elements contributing to an issue 2.4 Use systems thinking to arrive at a decision in the context of an issue 2.5 Apply ethical principles when determining actions. Goal 3: Quantitative Reasoning: Learners demonstrate the ability to use mathematical operations and analytical concepts and operations to address problems and to inform decision-making o Competency 3.1 Construct models that represent real-world problems or processes 3.2 Develop visible representation of data 3.3 Analyze data using mathematical/algebraic operations 3.4 Use calculated results to inform the problem or process Goal 4: Leadership, Facilitation, and Collaboration: Learners lead, facilitate, and collaborate with a variety of individuals and diverse teams to achieve organizational objectives. o Competency 4.1 Demonstrate an ability to plan a particular objective or goal Goal 12: Functional and Personal Competencies in Accounting Ethics: Learners demonstrate conduct that meets the standards of professional practice that reflects acting in an honest manner, free from conflicts of interest, and within the boundaries of law. Competencies o 12.1 Legal, Regulatory, & Ethical: Learners demonstrate an applied understanding of ethics, professional responsibilities, and legal issues affecting the accounting professions. o 12.2 Legal, Regulatory, & Ethical: Identify and respond to situations that may be unethical or in violation of professional standards. o 12.3 Communication: Effectively communicate the importance of ethical behavior to clients. Goal 15: Functional and Personal Competencies in Accounting Ethics: Learners demonstrate o Competencies: 15.2 Use authoritative guidance to accomplish tasks and solve accounting-related problems 15.3 Critical Thinking: Use professional judgment to identify key issues with a client's system of controls and relevant financial statement sections Case specifics: Rich has worked as the textbook manager at a public university since 1999. When the previous bookstore manager left in 2002, Rich applied for his job. University administrators liked Rich because he often worked late, as did the administrators. Rich also rarely missed work for either illness or vacation. Thus, the human resources (HR) department did not follow standard hiring procedures such as checking references. Instead, the HR department approved Rich as the new Bookstore Manager within days of the previous manager's departure. Excitedly, Rich accepted the promotion and even agreed to continue working as the textbook manager despite the fact he would not be paid for these extra responsibilities. The Dean of Students, who monitors bookstore operations, felt this would be a good opportunity for both Rich and the university. Rich has managed the bookstore for the past three years without any issues, which has been a relief since you have lost two internal auditors on your team. In addition, the arrival of your baby 6 weeks early caused you to fall way behind on regularly scheduled internal audits. The university is in the process of applying for a loan to fund an expansion. Several lenders expressed interest in funding the project and requested audited financial statements. Fortunately, they have agreed to accept internally audited financial statements in exchange for a 1.25% higher rate of interest. As a member of the internal auditing team of this public university, you are responsible for providing the internally audited financial statements. To get started, you requested a reconciliation of the bank deposits and checks logged in by Pam Becker, the accounts receivable clerk. You may find the Policies and Procedures Manual for Accounting & Financial Control and Internal Controls for Small Organizations useful. After reviewing the reconciliation for the past quarter, you are in a quandary. Several retail items from a major supplier are on clearance and the paper trail leads to a check from the supplier that does not appear on any bank statements. You recall the previous bookstore manager telling you that in situations where merchandise is put on clearance, the supplier will often write a check to help offset bookstore losses. You decided to call Rich Martin, the bookstore manager. Rich was your stepson before you divorced his mother twenty-five years ago, but you see no reason to inform the university of this past relationship. Rich is on his vacation in St. Thomas, U.S. Virgin Islands, but you are able to contact him via cell phone. Rich confirms the supplier did send a check, but because he was in a rush to start his vacation, he failed to deposit the check. However, he does remember locking it in his desk for safekeeping. Rich said not to worry; he would deposit the check as soon as he returned from vacation. There was some nervousness and hesitancy in Rich's voice that made you uncomfortable with his explanation. In addition, you know that protection of assets is a critical responsibility of internal auditors. You may find the Internal Auditing Handbook and the Risk Based Internal Auditing resources helpful in completing your investigation. Rich's hesitancy reinforces your decision to retrieve and deposit the check. You call the security desk and request that Rich's desk be unlocked with the master key. You perform an exhaustive search, but do not find the check. You did, however, find an envelope in the very back of the bottom drawer; it contained $80,000 in cash! After a thorough investigation, the internal audit team determined that most of the money stolen by Rich is from textbook buy-back programs. It is common practice for textbook resellers to arrive on campus twice a year (at the end of each fall and spring semester) to pay wholesale prices to buy back textbooks faculty members and bookstores no longer need. In his position as the textbook manager, Rich took full advantage of this opportunity. What remains a mystery is how Rich could have collected $80,000 from what typically gives rise to a very small amount of money. The University had outsourced the operations of the textbook buy-back program to Booker's, Inc., a small firm out of Baltimore. Rich was in charge of handling all interactions with Booker's, Inc. At the end of each buyback period, Booker's, Inc. wrote a commission check to the university for allowing them to conduct the program on campus. Peter Justen, one of Booker's representatives who was also on Rich's bowling league, hand delivered the checks directly to Rich. Fortunately, Rich's favorite daughter-in-law Rebecca Knownott, CPA worked in the business office of the university. The mother of a young child, Rebecca chose to work as a bookkeeper even though she was a CPA because she did not want to work beyond 40 hours per week, which is typically required of CPAs. Rebecca never questioned Rich when he asked her to cash the checks, claiming he needed the cash to pay refunds to students for sales returns. Although Rebecca wondered why the bookstore would have so many refunds, she never questioned her father-in-law because it would displease her husband and Rich was paying the childcare expenses for her daughter Tabitha. In addition, the bookstore sold textbooks to Booker's, Inc. when professors no longer needed them. Peter also hand delivered these checks to Rich. Rebecca cashed the checks for her father-in-law, again without questioning him. For the last two years, during which Rich served as both the bookstore and textbook manager, Peter had been paying the university in cash instead of checks. The total of the missing funds from the buy-back process amounted to $372,586.46, and the total missing funds for the sale of wholesale texts was $629,482.32. The checks payable to the university for the Athletic Department's textbooks were also given directly to Rich. He never accounted for the checks nor did he transfer the funds to the Athletic Department. The total of missing funds to the Athletic Department was $340.520.67. After Rich received and cashed the checks from Booker's, Inc., he failed to record the transactions in the university's accounting system; keeping the cash for his own personal use. III. Steps to Completion 1. Thoroughly examine the AICPA's Code of Professional Conduct. 2. Identify all stakeholders in the case and explain what each stakeholder has at stake. A stakeholder could be an owner, employee, shareholder, taxing authority, community, investor, etc. 3. List and describe all ethical conflicts in involved in this scenario 4. Write a 20-25 page paper that responds to the following ethical considerations. a. Part 0 of the AICPA Code of Professional Conduct refers to professional conduct of all CPAs. Focus on the following topics and describe how they relate to the specifics on the case. i. 0.300.020: Responsibilities ii. 0.300.030: The Public Interest iii. 0.300.040: Integrity iv. 0.300.050: Objectivity and Independence, and v. 0.300.060: Due Care b. Part II of the AICPA Code of Professional Conduct: Members in Business refers to threats that fall into one or more of the following broad categories. Discuss the threats relevant to the specifics on the case. i. Adverse interest threat ii. Advocacy threat iii. Familiarity threat iv. Self-interest threat v. Self-review threat, and vi. Undue influence threat c. The AICPA Code of Professional Conduct discusses safeguards and defines safeguards as \"Safeguards may partially or completely eliminate a threat or diminish the potential influence of a threat\" (AICPA Code of Professional Conduct, p. 134). Suggest safeguards that could have mitigated the risk of threats in the case. d. Include the following appendices: i. A list of all stakeholders and an explanation of what each had at stake, ii. A list of the ethical conflicts associated by specific character in the case, and iii. Any other tables, graphs, or lists you deem as necessary. 5. Prepare a recorded presentation (approximately 15 minutes) of your analysis of the case with justification for all decisions. Be sure to include which actions were illegal, unethical, and/or in violation of professional standards. Include at least one slide that effectively communicates the importance of ethical conduct and how your behavior as a graduate accounting student contributes to your overall goal of graduating with a clean academic record. 6. Complete and submit the UMUC Graduate School Leadership Self Assessment for Individual Projects to assess the process used, time you invested, and quality of your depth of concentration and use of critical thinking skills to complete this project. IV. Deliverables 1. Paper written in APA style format including appendices. 2. Recorded Power Point presentation file that includes: i. Audio enhancement on each slide ii. Speaker's notes placed under each slide 3. UMUC Graduate School Leadership Self Assessment for Individual Projects