02 Oct Writer Choice
41708Management and Internal Control” Please respond to the following:
Research the recent accounting scandal at PPG, Pittsburg Paint Group. Discuss the fraud in terms of the COSCO Components of Internal Control and Underlying Principles. Identify the major components involved, a description of the fraudulent behavior, and the principles violated. Identify the key person involved. Include a discussion of the penalties involved, and your assessment of their effectiveness in achieving the goals of the Treadway Commission. Click here to access an article to help you begin your research of this matter.
HERE IS PART OF THE ARTICLE
PPG Investigating Internal Report of Accounting Violations
In initial review, company identified about $1.4 million of expenses that should have been accrued
By Andrew Tangel and Austen Hufford
Updated April 19, 2018 5:57 p.m. ET
Paint maker PPG Industries Inc. said Thursday it had opened an investigation after receiving a report alleging violations of its accounting policies.
PPG said it recently received a complaint through its internal reporting system regarding how the company recorded certain expenses in its first quarter. In an initial review, the company said it identified about $1.4 million of expenses that should have been accrued.
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