Accounting Question

ACC 691 Module Seven Assignment Guidelines and Rubric

Scenario

You are an accountant for Ready Meals, a chain of stores in the Midwest that specializes in creating nutritious family dinners that can be purchased and warmed at home, primarily serving working parents. Your supervisor is concerned because the Quincy, Illinois, store has shown unusually high food costs compared to revenues over the past six months. You are asked to investigate further by examining the vendor payments, looking for something unusual. Your supervisor has asked you to email them your findings and any suggested prevention measures.

The skills practiced in this assignment will help to support your work in Project Two.

Directions

Write an email that summarizes your dataanalysis and describes the impactof fraud prevention strategies on the organization.

Specifically, you must address the following rubric criteria:

Explain the role of data in determining which prevention strategy to implement in an organization.

Evaluate the data set provided for fraudulent activity. Include the following in your response:

Vendor analysis for consistency

1. Personnel responsible for data entry

Benford’s Law for data analysis

1. Describe fraud prevention strategies that would mitigate the fraud that was discovered.

Summarize the impact the fraud prevention strategies may have on the organization.

What to Submit

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

Supporting Materials

Resource:Ready Meals Vendor Payments

This document will provide the vendor payment data for the organization in the scenario.

Resource:

Invoice Numbers for Herbs Are Us

1. This document will provide the invoice numbers for a vendor in the scenario.