The documents were prepared internally and this was a potential problem because they could have been altered by anyone within the company. When documentation such as delivery receipts are obtained from an independent source outside the company, it provides a greater assurance of reliability for the auditor. Grant Thornton should have used the delivery receipts as a basis but further obtained other forms prepared by external entities such as the Form 9540-1 prepared by the USDA official, and the notification form that the customs broker prepared. These forms are slightly more difficult to alter because a third party indirectly related to the company prepares them. Grant Thornton should have cross-referenced these forms and looked for any discrepancies.
The conflicts raised by this case are typical from projects that are not closely monitored, resulting in a lack of overall control of tasks. Better reading and quicker response would probably avoid the failure of the partnership. Improvement in the organizational side is needed in order to embrace new technologies, as well as the leadership behavior of the project manager. Negotiation and development of new agreements on how to handle future conflicts, re-evaluation of the tasks required, tracking process on a daily basis and scheduling overtime could help to put the project back in time. A clearly defined escalation process, rethink the tasks allocation to future milestones and co-locating teams with similar activities would help the project
Ethical Challenges and Agency Issues Debra Novy ACC/557 June 4, 2012 Cynthia Reyburn Ethical Challenges and Agency Issues Ethical Challenges-Timely Reporting The ethical challenges faced with timely reporting in reference to budget problems mostly stem from the lack of communication or failure to provide for unforeseen challenges to meet the deadline. The planning phase of an audit should take into consideration the possibility of challenges beyond the parameters set in completing the audit. The auditors should provide exception statements in their estimates to address how the unforeseen issues will be handled. The case states that the client initiated a new set of procedures with regard to product costs. The auditor’s estimate did show extra time to address that portion of the audit.
We could bring up the case as a sample to demonstrate what we are discussing about. However, adding a question to prove our point is not recommended in academic writing. The subject line information to identify the situation has to be included on the head of the memo. In addition, clarity, correctness, and courtesy are very important and they represent for our efforts. The memo should be clearly written and organized in direct order, beginning with the objective and then systematically and covering the vital bits of information (Rentz, 2008).
This will ensure that errors and mistakes are reduced or eliminated when implementing policy. Basically, the public policy process is used in stages to ensure the government takes responsibility and responds appropriately on behalf of the public. Although, policy is not black and white, there are many gray areas in need of improvement, regulation and revision to best support our diversities and communities country wide. Thorough examination is critical when identifying and outlining the problem within the public policy process. During the examination of the problem first one must recognize that an issue exists.
Even if encapsulation creates some security, it might secure the programmer against making changes. The advantage of the creation of an object is that it can be easily reused for purposes other than what it was created to go with since it is not a stand-alone program (Gaddis, 2010, p. 505).These objects can be passed from one programmer to another to work on varieties of applications and still retain their inherent functionality. The encapsulation of this object protects it when it is used by the other application as well. This enhances the security of the object and it maintains its integrity. Object oriented languages deal with the creation of classes that serve as outlines for the creation of objects.
While this adds to the usefulness, since reports from one period are comparable to reports from another, it also aids in analyzing reports for this same reason, too. This means that certain methods can be used for a single item. If a method needs to be changed, this is something that would then have to be clearly explained and illustrated through disclosures. This can only happen as long as the entity can justify the use of an alternative accounting principles, and this entity must be ready to defend the change, which should not be taken
Data governance that would help the organizations manage the availability, usability, integrity, and security of the data seems to be missing. It would help increase the privacy, security, data quality, and compliance with government regulations. Lastly, data quality audits and data cleansing are desperately needed to decrease the number of inconsistent record
Olive (2013) “Even the best polices can encounter implementation challenges. Thus, policies should be viewed as “living documents.” They need leadership, resources, monitoring, and other inputs to thrive and achieve their goals” (Without Effective Implementation, a Policy is Just an Idea). The implementation process is the most important process of policy making. This is the first of the final phases of the policy. At this point different aspects of the policy begin to surface that were not in consideration during the formulation phase, and perhaps if it was it the debate was not enough to stop the bill from going through the legislative process.
Communicating Effectively in My Organization Bryan Luther HCS/325 November 28, 2011 Susan McQuade Communicating Effectively in My Organization Effective Communication is defined as “sending the right message that is also being correctly received and understood by the other person or persons” (Effective Communication, 2011). Many times communication is happening but not in an effective manner. This is either because the sender is not sending the right message or the message is not understood by the receiver. Organizations that can communicate effectively have the advantage because of time saved by not misunderstanding one another. My current organization, called Carolina Chutes, communicates but often times not effectively.