Their mission is “to reduce the incidence of fraud and white-collar crime and to assist the Membership in fraud detection and deterrence.” 4. The ACFE “the ACFE is reducing business fraud world-wide and inspiring public confidence in the integrity and objectivity within the profession.” Members are from many different professions. (Accounting, Legal, Law Enforcement…etc) 5. Fraud Risk Management CPE would be beneficial to me because I could use what I would learn from the class to help the clients mitigate the risk of fraud occurrence. 6.
Lara Ramey Southern New Hampshire University OL 442 – Professor David Miller April 25, 2015 Final Paper: Data Security With technology taking over businesses and costs rising higher by the year, having a solid data security policy in place is an extremely beneficial and important part of protecting an organization. Sinrod (2010) discusses how financially damaging data breaches can be for an organization, with an average cost of $6.75 million per incident in 2009. Breaches can be expressed both in and out of the organization, with especially staggering statistics on employee theft. Dwyer (2014) states, “39 percent of data theft from businesses comes from company insiders. Even more troublesome, 59 percent of ex-employees admit they
IS/IT for managers: Halifax Case Study 1. Business Strategy 2.1. What was the strategic thinking taking place at Halifax at the time Halifax thought at that time that being the largest building company, and having over 20 millions customer accounts and around 20 % of the UK mortgage market would be key advantages to transform into the “biggest and best personal finance business in the UK”. This portfolio of current customers represents a large amount of potential customers, which explain this strategic move. More, the managers of Halifax sensed the potential of Internet in online banking and the evolution of the service. In terms of IS, it meant cleaning up the previous existing files by creating an accurate members register with up to date details of names, addresses … It imposes first to determine the level of data, and then to collect the information about current customers.
The Sarbanes Oxley Act The Sarbanes Oxley Act was passed in 2002 to prevent fraud and discrepancies within the corporate world. Corporate companies have been and will be fined millions of dollars when they are not compliant with the strict guide lines provided by the government. The companies must disclose all financial statement to prevent the tremendous fines. They need to be monitored to keep them honest instead of corrupt. Was this act a step in the right direction to help keep corporations honest?
More and more business relies on information technology because the manager of these businesses realizes the big difference between the traditional model and the new model. Amazon is a good example. When Amazon’s founder saw the opportunity to change the way people buy books, using the big power of IT, he made a successful move and expanded Amazon.com, making it a comprehensive online shopping website. This article will show how supply chain management and customer relationship management works in Amazon.com and how they affect Amazon.com to get big success. Company Overview Amazon.com, Inc. is an American multinational electronic commerce company.
04.05 Graphing Exponential Function Data is everywhere. No matter where you go, thanks to new technology, data is accessible at your fingertips. However, to make data understandable, it needs to be visualized. * Gordon is a financial analyst. He looks at tables and charts of data all day long.
Common Information Security Threats Paper CMGT/400 University of Phoenix January 27, 2013 In this day and age, technology has grown so fast that most of us are playing catch up to the people who were born in the “computer era”. As technology continues to advance, so do the threats; especially to businesses. Instead of having an upfront attack or robbery, they have chosen to go the electronic way. The one business that I would like to cover would be the banking industry. This institution is constantly being attacked, on a daily basis, with various methods.
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
The Financial Accounting Research System (FARS) is a system that contains six different databases that provide accountants’ access to official guidance to Generally Accepted Accounting Principles (GAAP). The purpose of FARS is to give accountants an effective and efficient way to research accounting literature that is up to date. It also helps to ensure data accuracy will all of the different accounting standards and laws. The FARS is beneficial to the accounting profession being a major database to search for all needed information. Without this type of database, accountants would be forced with searching many different databases with the possibility of coming up with conflicting and/or inaccurate information.
INTRODUCTION At times we may wonder what is meant by ethics, why accountants need ethics in their business life or even how they are related. As we may know, definitions of ethics vary with time but in most cases it is defined” With these definitions we can understand that basically ethics is knowing what is right (Mitchell 2009). Ethics in accounting and finance a global concern today (Onyebuchi, 2011). However, the accounting and finance sector has over the past years developed a culture of ethical misconduct (Gianneti & Yue Wang, 2014). According to Anup & Chadha (2005), Ethical misconducts often lead to corporate scandals that come with serious consequences e.g.