Committee of Sponsoring Organizations (COSO) Internal Control Framework’s Components of Internal Control Requirements 1. There was a lack of proper authorization in the budget process. The superintendent Spigot committed several projects that were not on the budget. For example‚ rent expenses were not budgeted in that fiscal year‚ which caused the budget to overrun and increase expenditures for custodial services. Also‚ the unbudgeted projects ran by the superintendent were not approved by the
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1. What are some potential legal and ethical issues present in this case study? One potential legal problem is that Mark did not use the money they way that it was intended to be used and budgeted for. Another legal problem was Mark eliminated safety features from the pool that could have and would have prevented injury to the residents of Acre Woods Retirement Community. Finally‚ Sarah could have legal recourse against Mark depending on the reason he gave her for removing her from her position
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Case Scenarios: Grocery‚ Inc.‚ Presentation LAW/521 February 3‚ 2014 Stuart Schwartz Case Scenarios: Grocery‚ Inc.‚ Presentation Grocery‚ Inc. Uniform Commercial Code The Uniform Commercial Code (UCC) applies to sales contracts that are agreements for the sale of tangible‚ moveable goods (Melvin‚ Chapter 8‚ 2011). Therefore‚ the UCC Article 2 would apply to Grocery Inc. and the different vendors that are making agreements‚ but only if the contract was missing or had open terms. “Article
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1.0 Introduction Motorola Inc. was established at 1928. The products are divided into two independent public companies‚ Motorola Mobility and Motorola Solutions on January 4‚ 2011. The company entried into the mobile radio communications area by the initial car radio‚ after developing it becomes to be one of the largest electronics corporation in the United States. 2.0 Planning 2.1 First step The basic principle of Motorola Inc. is to increase the market share. So they began the international
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THOMAS R. PIPER HEIDE ABELLI Monmouth‚ Inc. Harry Vincent‚ executive vice president of Monmouth‚ Inc.‚ was reviewing acquisition candidates for his company’s diversification program. One of the companies‚ Robertson Tool Company‚ had been approached by Monmouth three years earlier but had rejected all overtures. Now‚ however‚ Robertson was in the middle of a takeover fight that might provide Monmouth with a chance to gain control. Monmouth‚ Inc. Monmouth was a leading producer of engines
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investors and creditors. It would benefit them greatly because the audit work should be done with better care therefore they can use the statements with more trust. I feel that the judge should have authority to decide who auditors are liable to. In this case is clear that Touche was negligent and they should have liability to all foreseen third parties. 2) In section 11 of the securities act of 1933 the auditors have the burden of proof and in the securities exchange act of 1934 section 18 the plaintiffs
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References: Anthony‚ R.N. and Govindarajan‚ V. (1995)‚ Management Control System‚ Irwin‚ Chicago‚ IL. Ax‚ C. and Bjornenak‚ T. (2000)‚ “Bunding and diffusion of management accounting innovations: the case of the balanced scorecard in Scandinavia”‚ paper presented at the European Accounting Congress‚ Munich. Chenhall‚ R.H. and Morris‚ D. (1986)‚ “The impact of structure‚ environment‚
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Cascade control is a powerful extension of conventional 3 Cascade control is a powerful extension of conventional 3-term feed term feed back - control control. It is a strategy which compensates for specific disturbances at source and largely Prevents them from affecting process being controlled. A cascade control scheme has two controllers‚ the output of the master controller being used to adjust the set point of the slave controller The effect of steam pressure disturbances can be compensated
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3.1 THE PROCESS OF OPERATION MANAGEMENT The systems in operation management of Kamal & Kamal Pest Control have two sections. The first section is core system which means this section have marketing department‚ Operation department‚ Customer Relationship Management (CRM) department‚ purchasing department and Human Resources (HR) department. The second section is the supporting system which the system to support the core. The function of system is all department need to play their roles. If one department
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Chief Warrant Officer Bryson provided exemplary and effective leadership as Officer-In-Charge (OIC)‚ as Commander‚ Task Unit 1010.7.2 at U.S. Naval Computer and Telecommunications Station‚ Far East Detachment Chinhae Korea (NCTS FE Det Chinhae) from 7 August 2014 to 11 August 2016. As OIC‚ he was responsible for leading 17 active duty Sailors‚ four U.S. Civil Service employees and five civilian contractors providing fast‚ reliable ONE-NET C4I services throughout the Korean Theater of Operations
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