2.2 Describe the causes of and common types of fraud and the impact of this on the organisation. 2.3 Explain the methods that can be used to detect fraud within an accounting system. 2.4 Explain the types of controls that can be put in place to ensure compliance with statutory or organisational requirements. 2.5 Explain how an internal control system can support the accounting function. 3.
Imagine that the company that you researched uses a third-party accounting system. Evaluate the effectiveness of the firm’s stakeholder in the event that a third-party accounting system suffers a breach. Include an assessment of the level of responsibility of the software provider to the business and its clients. Provide support for your rationale. Determine what advances in accounting and / or information technology could have prevented the event from occurring.
Imagine that the company that you researched uses a third-party accounting system. Evaluate the effectiveness of the firm’s stakeholder in the event that a third-party accounting system suffers a breach. Include an assessment of the level of responsibility of the software provider to the business and its clients. Provide support for your rationale. Determine what advances in accounting and / or information technology could have prevented the event from occurring.
The relationship is related to the needs of stakeholders and the ability to expect peculiar things from the organization so that they can maintain a trustful relationship in the organization (Castaldo, 2007, p. 57). In this situation, the leadership of a company needs to ensure that the organization develops an organizational culture that uses ethical stewardship to develop a sense of corporate trustworthiness among its various stakeholders so that it can enhance its sustainability in a highly competitive market (Sebastian, 2011). In this investigation, a research was done regarding the relationship between leadership, ethical stewardship and trustworthiness in corporate organizations and the issues related to the relationship if the business is totally invaded by an information system. A number of researchers support the theoretical concept of trustworthiness in corporate relationships in different ways. Individuals such as Covey and Paine suggest that a long-term trustworthiness is essential to establish a sustainable organization (Coldwell, Hayes & Long, 2010).
For example in reference to overstated revenues; computer assisted audit techniques can be useful in identifying unusual or unexpected revenue relationships or anomalies in transactions. Essentially computer programs can be programed look for anomalies in many areas of fraud as well as being able to separate and keep evidence organized by category which can be essential when going to court to give testimony. 3- 9. Where might financial statement fraud occur in a company (e.g., what are some red flags)? According to SAS No.
1. Why wasn't eBay held liable for the infringing sales made by users? (HINT: Describe how the elements of the Inwood test apply to eBay's actions). Tiffany claimed the contributory trademark infringement of eBay, which was a judicially constructed doctrine, articulated by the Supreme Court in Inwood Laboratories, Inc. v. Ives Laboratories, Inc. and found the liability for trademark infringement can extend beyond those who actually mislabel goods with the mark of another. As established in Inwood, "if a manufacturer or distributor intentionally induces another to infringe a trademark, or if it continues to supply its product to one whom it knows or has reason to know is engaging in trademark infringement, the manufacturer or distributor is contributor ally responsible for any harm done as a result of the deceit” (2nd Cir.
The aim of this report is to identify the element that make the company what it is today as well as analyze these elements against the academic models so as to form conclusions on the company’s overall performance. Furthermore, the report will comprise an investigation on the company’s share structure, the key people, its strengths and weaknesses as well as the company’s financial condition. To begin with, where does Asos stand in the market? According to Michael Porter’s Generic Strategies, Asos is surely
Given PCAOB oversight of accounting firms and the AICPA Code of Conduct, discuss whether or not you believe that public accounting firms can successfully manipulate audit work papers and records of clients engaged in fraudulent activity. The PCAOB Audit standard set the guidelines for revising audit working papers which is deemed necessary at times. However, the reason for the changes must be stated, when the change occurred and who
* Is the John Lewis formula for success suitable for other companies and if so explain why, if not explain why? The Report needs to include the following * What Supply chain challenges does John Lewis face when dealing with demand fluctuations and comment on how the supply chain investments support its overall customer service and resources utilisation objectives? * What prerequisites are important for the operation of the of the lean systems that are in
Comparison Matrix Paper: Leadership Ethics Phyllis Jones Grand Canyon University: LDR- 800 January 9, 2013 Comparison Matrix Paper: Leadership Ethics This COMPARISON MATRIX PAPER will focus on LEADERSHIP ETHICS and give comparison to three research articles that were utilized in the comparison matrix. The first article presented in the matrix, “The Influence of Retail Management's Use of Social Power on Corporate Ethical Values, Employee Commitment, and Performance”, by Biong, Nygaard, & Silkoset (2010). The purpose of this study is an attempt by the authors and/or researchers to investigate two primary issues that concern ethical values in the corporate retail and marketing environment. Such investigation of issues will