Viktoria Martirosyan Case 1.1 Qt.1 Several parties were responsible for Enron crisis‚ including independent auditor‚ key executive officers‚ internal auditors‚ SEC and FASB. The hypocrisy‚ dishonorable actions and unethical behavior of Kenney Lay‚ Jeffrey Skilling‚ Andrew Fastow led to bankruptcy. This and many other problems‚ such as loss in transactions involving the swaps stocks‚ SPE related issues and est.‚ finally contributed to crisis. As Enron executives‚ all of their concerns should
Premium Auditing Audit Enron
The Department Store Dilemma There are several issues presented in this dilemma. One is about Mary-Alice’s heart condition and the restrictions in the company’s medical insurance program. In order to become a full time worker at Bassfield Department Store‚ the policy states that the employee must pass the physical exam. Due to the fact that Mary-Alice failed the exam‚ the personnel manager Bill Chaves thinks that she should be terminated because it violates the company’s policy. However‚ there
Premium Employment Full-time
Middletons should have considered and the procedure(s) the firm should have carried out in determining whether it should accept the appointment as auditors to Gramjon Limited. The most general definition of an audit is an evaluation of a person‚ organization‚ system‚ process‚ project or product. Audits are performed to ascertain the validity and reliability of information‚ and also provide an assessment of a system ’s internal control. (Wikipedia‚ 2009) Auditors have to do a lot of research on a firm before
Premium Audit Auditing Internal control
Social Research Governance in the public sector institutions in Jamaica: Internal Auditors Introduction The responsibility of the internal audit is to serve the Ministry of Justice in a manner that is consistent with the Financial Administration and Audit Act‚ Standards for the Professional Practise of Internal Auditing and with professional standards of conduct. This activity has the potential to provide hitherto unparallel services to management in the conduct of their duties. Background
Premium Internal audit Auditing Financial audit
CGAP Certified Government Auditing Professional ® ® CCsA Certification in Control Self-Assessment CfsA ® Certified Financial Services Auditor CERTIFICATION CANDIDATE HANDBOOK www.theiia.org/Certification www.theiia.org/Certification i IMPORTANT NOTE: The information in this handbook describes the application‚ registration‚ and certification processes for those IIA certification candidates who register through IIA Global Headquarters. It is not applicable to candidates
Premium Internal audit
11/12/2014 Ethics Case Study Henry’s Daughters First question: The movie “Henry’s daughters” reflects a big amount of ethical issues at individual and societal level. Sorted by importance and the impacting level‚ the following list shows the highlighted ethical issues based on my perception. 1. The selfish perception of benefits that Henry had. Such selfish that even his family would be affected. If his daughters cannot trust him‚ how his employees will? 2. The Invasion of privacy.
Premium Business ethics Ethics Morality
[pic] [pic][pic][pic][pic][pic] JOURNAL OF RESEARCH IN NATIONAL DEVELOPMENT VOLUME 8 NO 1‚ JUNE‚ 2010 THE ROLE OF AUDITORS IN FRAUD DETECTION‚ PREVENTION AND REPORTING IN NIGERIA Akinyomi Oladele John Department of Financial Studies‚ Redeemer’s University‚ Mowe E-mail: delejohn21@yahoo.com Abstract This study investigates the role of auditors in the detection‚ prevention and reporting of fraud. Data were obtained from 184 respondents in Nigeria. The findings revealed that the respondents
Premium Auditing Internal control Fraud
The Dilemma of an Accountant Studying the ethic case the dilemma is whether Dan Potter‚ who was assigned to an audit assignment should go by the audit and guidelines or whether he should disregard the ethical standards and continue to follow the instructions of his immediate boss. Dan Potter is working as a staff accountant at Baker Greenleaf. Dan final had an opportunity on first major audit assignment. This assignment required him to work under the supervision of his senior‚ Oliver Freeman‚ on
Premium Ethics Auditor's report Audit
Ethical Dilemma 1 Human Resource Issues There are many areas where ethical dilemmas arise. Here are five categories of common ethical dilemmas in business: 1. Human resource issues 2. Employee safety issues 3. Conflicts of interest 4. Customer confidence 5. Use of corporate resources We shall discuss ethical dilemmas related to human resource issues here. Human resource issues Human is the most important resource to an organization. Issues associated with human resources occur as a result
Free Ethics Employment Business ethics
Recommendation Brief for an Internal Auditor When a company is experiencing difficulty controlling their accounting functions‚ hiring an internal auditor may alleviate some of the problems. Internal auditors may perform a variety of services including operational audits‚ compliance audits‚ and financial statement audits. Additionally‚ an internal auditor can assist in development of internal controls and evaluate the effectiveness of computer systems (Arens‚ Elder‚ & Beasley‚ 2006). A company
Premium Auditing Financial audit Audit