3.During the investigation, assess the most significant red flags which would have been an indication of possible fraud needing corrective action by management. 4.Based on your research, suggest key practices the fraud investigator could have used in conducting interviews with the fraudster and the company’s employees. Assess the various interviews and interrogation questions available to you, and select the type of interview and interrogation questions that would have been most appropriate for this investigation. Provide support for your rationale. 5.Recommend a fraud prevention plan for this organization.
The “Five Forces” are external forces that a corporation needs to consider for its business strategy to compete with other in the real world. The “Five Forces” that shape the competition according to Mr. Porter are: 1) Threat of New Entrants, 2) Bargaining Power of Suppliers, 3) Bargaining Power of Buyers, 4) Threat of Substitute Products or Services, and 5) Rivalry Among Existing Competitors. In 2004, Robert Kaplan and David Norton published “Strategy Maps: Converting Intangible Assets into Tangible Outcomes”. Their strategy map provides a systematic way to analyze if the intangible assets are aligned with the critical internal processes. Intangible assets according to Kaplan et al.
These principles include Responsibilities, Public Interest, Integrity, Objectivity and Independence, Due Care, and Scope and Nature of Services. Accountants can use these principles as a guide when they encounter questionable requests from their clients, or supervisors, as well as avoiding any conflicts of interest that may arise (Mintz and Morris, 2011). It is important that accountants act ethically in reporting a company’s finances. Investors, as well as the general public rely on information when making financial decisions and whether to invest in a company. Out of the purposes of the AICPA Code of Professional Conduct, three of the most important include public interest, integrity, and due care.
It can depend on the investigation being held, the place and the difficulty of being able to solve the case. The investigator mindset is to find out why the crime happen, how it could’ve been prevented, and also investigate all the evidence that was found. These concepts can associate with the optimal mindset of an investigator manifest by how much the investigator knows, how much training the investigators has, and the experience that the investigator already has. The more training and
BSA/310 Business Systems Professor Jim Butcher System Inventory Student Erasmo Valoy October 21, 2012 Dear Marco Vasquez, My name is Erasmo Valoy I will be your IT consultant to help your business run in a smooth fashion. I will be giving you the top five IT systems that can help your business operations. These lists of systems are not set in stone, but this will give you an idea of how it works. Since finances are very important to keep track of money coming in and money coming out, it would be good to use the transaction processing system for internal and external transactions. This will control payroll transactions; this could be done by batch process or online.
Provide a rich and insightful listing SWOT analysis (with brief explanation where needed) that clearly and accurately reflects thinking through relevant general environment trends, basic industry facts, and five forces of competition, value chain (including financial) analysis. 1. Does Costco successfully carry out one of the five basic business-level strategies? Clearly explain, considering value chain activities and evaluation of criteria of valuable, rare, and hard to imitate attributes. 5 basic business-level strategies: 1.
The quality of the disclosure is certified by the audit committee and the Company’s outside auditors. The certification required under Section 302 is a change under the Security and Exchange Commission. The certification required under section 906 is an amendment to the U.S. Criminal Code. The overlap of certifications increases the penalty for inaccurate disclosure and/or failure to disclose the required information (Deming, 2006). Sarbanes-Oxley Act is designed to make all personnel accountable for their action or inactions.
Financial Statement Paper P Agnes Pierre Louis ACC/280 September 26, 2011 Minh Truong Financial Statement Paper In today’s business world it is required to keep an accurate account for assets and liabilities of each company. Good and ethical accounting practices can build the base for a strong and profitable company if the information is used properly. The definition of accounting is obvious but one most know the purpose of accounting which will be covered in the following paragraphs. There are four financial statements that are prepared by companies in today’s society as a form of reporting accounting companies. Those statements are income statement, retained earnings statement, balance sheet, and statement of cash flows.
Growing a business in accounting will take special characteristic, like self-confidence, but not over barring, integrity, time, patience, and organization (Cohn, M.). While being an accountant there is a high potential for human error, I must be detailed. Being a detail oriented person not only in my personal life as well as my business life I believe I can excel in my ventures. When handling client needs I would need to be clear on my abilities to get the job done. I am going to have peoples financial life’s in my hands, it’s extremely important that I am efficient in my job and protect my client’s
(Boundless, 2013) Maslow categorized the needs of humans into five stages which are: (1) Physiological needs (2) Safety needs (3) Social needs (4) Esteem needs and (5) Self-actualization. Some had extended Maslow’s theory by adding cognitive needs, aesthetic needs and transcendence needs to the hierarchy. (Koltko-Rivera, 2006) [pic] Figure 1: Maslow’s Hierarchy of Needs The areas discussed will be based on the original five stages and are linked to its application in business settings. | | |Applying Maslow to Business | |Maslow's hierarchy |Business examples | |Step 5 - Self-actualization |Opportunities for creativity and personal growth, promotion | |Step 4 - Esteem needs |Fancy job title, recognition of achievements | |Step 3 - Social needs