Now that you have researched and investigated several companies, it’s  time to pull it all together in the final task, focused on one company.
You have already chosen a company (Target) that is on the brink of releasing a new innovative product or service. Your final project will be to forecast the future of this company in 5 years and 10 years related to the product (or service).
You will need to do substantial research about the company, product or service, and financial management and policies. You will need to collect substantial data to make a viable forecast. You will also need to choose a model to analyze the data. Based on the information discovered determine the financial health of your company. Then predict the financial future of the company. Provide documented support for your prediction.
Report your findings.

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.

Report Requirements

Report Content 

1. This report fulfills the request of your supervisor who is completing a project on these key issues, including certifications and the roles fraud detection and deterrence, as well as internal control serve, to meet the goals of the organization.
2. Following your review of course materials in Week 8, use the websites below to create a report of at least one page for each of the three topics: fraud detection and deterrence, internal control, and certifications.
3. Relate these topics to our course material for Principles of Accounting I.
4. The goal is to research, consider, and report what you know about these topics.
5. Consider the question and decide: what would you want to know?

Report Topics

1. Fraud Detection and Deterrence
2. Internal Control: COSO
3. Certifications: CFE, CIA, and CISA

Report Layout
1.  Always include your name and a descriptive title in the file name.
2.  Create, save, and submit a Microsoft Word document that covers the topics listed below and consists of one page (one page usually has at least 500 words) for each topic.
3.  Your report should be adequate. The report is expected to have at least four-pages.  Fewer than four pages is not long enough; seven pages is too long. Ideally, you will end up with a four-page (an introduction, 1 page covering each topics, and a conclusion) report not including the title or reference page.
4.  Include your name and a descriptive title in the file name.
5.  Your report should be single-spaced, with double spacing between paragraphs.
6.  Use headers within the document.
Report Structure

1. You are writing a business report, not double-spaced academic papers.
2. This is not a business proposal, and it is not a casual reflective report.
3. Tell a story.
4. Explain the concepts.
5. You are building your vocabulary.
6. Spell check. Write, read, and edit. Take care with word selection and sentence structure.
7. Use APA style for citations and create a works cited list. Include website references.
8. You can use the above concepts, particularly the paragraph on “Why audit?” without reference. A good item for your works cited list: UMGC ACCT 220 Course Materials.
9. Similar to all submissions for this class, use your own words.
10. Show what you know!

Q1:  All of the following are historical reasons for the increase in health care expenditures in the U.S. EXCEPT:
A) Cost insulation because of third-party payers.
B) Employer-sponsored health insurance.
C) Universal health insurance coverage.
D) Technological advances in health care.
E) ACA Reforms.
F) Decrease in competition in health insurance sector due to rising data-intensity in the sector.
G) Increased quality of care as measured by tangible outcomes metrics (e.g. life expectancies relating to different procedures and treatments, etc.
Explain your answer(s).
Q2:  Joan was injured in an auto accident. She was totally disabled and collected disability income benefits for 8 months. She would like to return to work on a part-time basis to see if her recovery is complete. Under what type of an insurance contract will her insurer pay disability income benefits to her during the period of her part-time employment?
A) Recurrent disability.
B) Presumptive disability.
C) Permanent disability.
D) Partial disability.
Explain your answer.
Q3:  B-Gallery owns a building on Wharf Street. B-Gallery purchased a Commercial General Liability Policy with no endorsements. All of the following claims would be covered under the policy EXCEPT
A) An artist sued the gallery for slander after an employee of the gallery said the artist’s work looks like it was painted by an intoxicated monkey.
B) A customer is injured when a painting falls from the wall and strikes the customer.
C) A customer is injured after falling on a slippery floor at the gallery.
D) An employee of the gallery accidentally started a fire that caused extensive damage to the building.
E) An owner of an adjacent building negligently floods B-Gallery with water, resulting in damages to the B-Gallery’s inventory.
Explain your answer(s).
Q4:  Executives of a smaller firm listed on the NYSE blocked an acquisition attempt by a larger company. When the stockholders learned they could have made large profits had the acquisition not been blocked, they filed a lawsuit against the executives of the firm. What type of liability insurance protects the executives of the organization against such suits?
A) Dram shop liability insurance
B) Directors and officers liability insurance
C) Employers liability insurance
D) Employment related practices liability insurance
E) Business Interruption insurance
What type of coverage would apply in this case?
1) blanket coverage.
2) corporate reimbursement coverage.
3) personal liability of directors and officers coverage.
4) entity coverage.
Explain your answers.
Q5:  You are risk manager at Bay Engineering, Ltd. You purchased a Commercial Package Policy for your company and added one optional coverage. This option suspends the coinsurance clause and substitutes a new agreement covering any loss in the same proportion that the limit of insurance purchased bears to a value specified in the declarations. This provision is known as
A) waiver of inventory coverage.
B) inflation guard coverage.
C) agreed value coverage.
D) replacement cost coverage
In this case, will the deduction be taken for depreciation when settling a covered loss?

Please answer the questions completely. No plagarism must be original work
Discuss the difference between a subsequent event and a subsequent discovery of facts. Next, determine the auditor’s responsibility for each event after the audit report is completed. Support your position.