5-1 Project One

ACC 692 Project One Guidelines and Rubric

Competency

In this project, you will demonstrate your mastery of the following competency:

Apply fraud interview principles and techniques during an investigation

Scenario

You are a staff accountant at a forensic accounting firm, the Blue Lotus Company, and have been asked by your manager to help develop a document to aid in the interview process for a current fraud investigation. Although the investigation is already underway, you need to continue preparing for the interview process. This document will be used by both current employees and potential new hires as an effective way to prepare and review important procedures. You will need to provide relevant, current information on fraud interview principles and techniques. You will also need to explain the steps that will lead to a successful interview process.

Directions

For this project, you will use the Blue Lotus Company Supporting Document in the

Supporting Materials

section along with your prior knowledge to create an interview process document.

Specifically, you must address the following rubric criteria:

Explain the steps needed for preparing this fraud investigation.

Describe various techniques that will lead to a properly organized interview process.

Describe the multiple factors that may influence interviewees’ responses in this fraud investigation.

1. Explain relevant legal requirements that connect to this specific fraud case.

Determine an appropriate ethical framework relevant to this specific fraud case.

1. What to Submit

To complete this project, you must submit the following:

1. Interview Process Document

Your submission should be a 2- to 3-page Word document with 12-point Times New Roman font, double spacing, and one-inch margins. Sources should be cited according to APA style.

Supporting Materials

The following resource supports your work on the project:

1. Resource: Blue Lotus Company Supporting Document
   This document will clarify information about the fraud investigation.

ACC 692 Blue Lotus Company Supporting Document
The CFO of Banking Services United has contacted your firm, the Blue Lotus Company, after receiving
notice from the bank that its line of credit was past due. The CEO believed that Banking Services United
had not accessed the line of credit after it was paid off last year. During your investigation, you
performed an analysis of the general ledger and related audit logs, bank records, emails, and phone
records; toured the company’s offices; and reviewed policies for accessing funds from the line of credit.
The policy for the line of credit states that the board of directors has the authority to approve major
financial decisions, including access to the line of credit. The CEO and CFO have the authority to request
fund transfers from the line of credit. The controller manages the line of credit and can only request
funds with approval from the CEO or CFO.
As a result of your investigation, you found that there have been several unauthorized withdrawals from
the company’s former office manager who resigned a couple of months ago. Your investigation team is
preparing for the interview phase of the investigation.