For the Week 8 homework assignment, you will create, save, and submit a Microsoft Word document that covers the topics listed below and consists of one page for each topic. Always include your name and a descriptive title in the file name.
Essay Topics for You to Prepare
- Fraud Detection and Deterrence (www.acfe.com)
- Internal Control (COSA: see www.theiia.org)
- Certifications: CFE, CIA, and CISA (return to www.isaca.org)
Following your review of course materials this week, using the websites above, create an essay of at least one page (one page for each of the topics above). Relate these topics to our course material for Principles of Accounting I.
Your essay should be single-spaced, with double spacing between paragraphs. Use headers within the document. We are writing business reports, not double-spaced academic papers.
Tell a story. Explain the concepts. Use APA style for citations and create a works cited list. Your paper should be adequate. Fewer than three pages is not long enough; seven pages is too long.
Consider the question and decide: what would you want to know? Include website references in your essay. This is not a business proposal, but it is not a casual reflective essay. The goal is to research, consider, and report what you know about these topics. The concept of COBIT is related to each topic.
ISACA's "A COBIT 5 Overview" (http://www.isaca.org/COBIT/Documents/A-COBIT-5-Overview.pdf) is a key resource for your overall comments and "framing" of the three topics.
Why audit? We will either be the auditor or be audited. We must understand internal control and the management of risk. The management of risk is everyone's responsibility.
We are building your vocabulary. You can use the above concepts—especially the paragraph on "Why audit?"—without reference. A good item for your works cited list: UMUC ACCT 220 Course Materials.