Internal Control and Oversight

• From the e-Activity, research management’s responsibility for internal controls, and determine whether the Securities and Exchange Commission (SEC) should have levied more severe sanctions on Microsoft’s management team for the accounting errors discovered. Speculate on the main reasons why Microsoft’s managers did not deny or affirm guilt for their accounting errors. Support your position.

http://www.aicpa.org/_catalogs/masterpage/Search.aspx?S=internal+control+over+fianncial+reporting

• Discuss the importance of senior management in setting the tone at the top for honesty and integrity within a company. Identify at least two consequences of management not establishing a code of ethics, and describe the impact on the internal control environment. Provide examples.

These are discussion question that can be a paragraph long and isn’t due until next week that’s why the payment is so low.