ACCG2067 – Foundations of Forensic and Data Analytics - Accounting and Finance Assignment Help

Assignment Task:

Task:

Learning Objectives

• ULO1: Understand the role of forensic accounting and its relationship to the legal system, including the legal, ethical and professional obligations of forensic accountants.
• ULO2: Identify indicators of fraudulent activity and develop awareness of investigative procedures, including an appreciation of the role of evidence in the litigation process.
• ULO3: Develop awareness of issues and key principles of professional digital forensic practice, including chain of custody and best practice procedures.
• ULO4: Understand the theory, and principles of application, of data analytics skills and techniques to forensic accounting.
• ULO5: Recognise mechanisms to uncover or recover evidence from digital devices to support litigation and investigations.

Group Assignment

Mikos Frederick, an immigrant from Ukraine, is a hotel owner in Sydney. Since his arrival in Australia during the 1980s, Frederick has built a very successful and popular hotel. Until recently, the hotel averaged $20 million in total revenue per year. Lately though, there have been rumours that Frederick’s hotel, the Russian Roulette, may be suffering unusual losses. Recently, several of Frederick’s key staff have quit, complaining about low wages and non-existent benefits. In fact, the hotel’s main attraction, its popular chef Alex Klarinko, quit as well as the hotel’s headlining performer.
While Frederick focused on coming up with a new compensation policy, he hired CA Tony Slinko to look into the hotel’s diminishing cash flows. The first thing Tony did was head for the kitchen to partake of the award-winning food. The new chef, Jim Smoot, wasn’t what Tony expected. First of all, he wanted Russian, as most of the employees seemed to be, and second he refused to talk about why he had come to the Russian Roulette when so many wanted to leave.
After his visit to the kitchen, Tony reasoned that if employees felt like they weren’t being compensation accordingly; the may be apt to defraud the hotel.

Question 1 (20 marks):
Complete an investigation. Using the template below, your investigation plan must clearly address how you will manage the investigation to address the allegation of potential employee-related fraud. Your plan should be a formal report with headings and complete sentences.

Question 2 (15 marks):
Tony returns to the kitchen and sees Smoot’s phone and laptop turned on and connected to the charger. Tony grabs the devices—he notices the mobile phone is locked and returns it. However, the
laptop is not password protected, he turns it off and carries it to his car to review in private.
Once home, Tony commences the extraction of the data from the laptop by using his preferred forensic software and makes one copy. He places the copy created into a folder and returns the laptop to his car to return to the kitchen first thing in the morning.

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