Purpose

The purpose of this assignment is to assess your ability to:

• Analyze different types of fraud schemes
• Analyze internal control systems.
• Analyze the risks and controls associated with purchases and cash disbursement activities.
• Analyze the risks and controls associated with payroll and fixed asset activities.
• Analyze the data flows in a traditional cost accounting system.
• Analyze the associated issues related to design, maintenance, and operations of data warehousing.
• Analyze the various aspects of ERP configuration and the risks and considerations associated with ERP implementation.
• Analyze the internal control and auditing implications associated with ERPs.
• Analyze the issues of risk, trust, and security pertaining to electronic commerce.

Overview

Company Summary: Working with your instructor, choose a company you are familiar with or would like to learn more about and complete the following action items. Ideally, the company will have more than one location, either within one state or in multiple states.

NOTE: This is an INDIVIDUAL project.

Action Items

1. Elaborate on the selected company by providing core information such as the number of employees, annual revenue, current processes, etc., and prepare a comprehensive report that provides:
   1. An introduction that includes a comprehensive description of the organization and its operations.
   2. A comprehensive diagram indicating the flow of data through the organization.
   3. A comprehensive review of the major business processes of the organization using flowcharts that describe documents, data flows, and processes.
   4. Identification of any controls and potential risks within each business process.
   5. Evaluation of those controls and potential risks including a description of how to minimize such risks through alternative procedures.

Action Items

1. Elaborate on the selected company by providing core information such as the number of employees, annual revenue, current processes, etc., and prepare a comprehensive report that provides:
   1. An introduction that includes a comprehensive description of the organization and its operations.
   2. A comprehensive diagram indicating the flow of data through the organization.
   3. A comprehensive review of the major business processes of the organization using flowcharts that describe documents, data flows, and processes.
   4. Identification of any controls and potential risks within each business process.
   5. Evaluation of those controls and potential risks including a description of how to minimize such risks through alternative procedures.