Controls and Risk Evaluations Stacey Richard ACCT 542 March 19‚ 2012 Professor Highwart Controls and Risk Evaluations In previous reports provided to Kudler Fine Foods‚ the company addressed several issues. First was how implementing AIS would improve operations‚ next was how the use of flowcharts showed connections between reportable accounts‚ and last was how the use of pivot tables could increase decision making. This report will address risks including internal control measures. Analysis
Premium Internal control Risk Auditing
positive working environment in an organization. Based on the pattern that caused the fraud‚ the management style of HealthSouth is clearly practice very authoritative which the reason for Richard orders fulfilled dutifully in order to partake in the fraudulent schemes. It’s clearly stated that the company not practicing a strong code of ethics. It has been proved that an effective antifraud environment is a culture with a strong value system founded in integrity. The value system is reflected in a code
Premium Audit Auditing Internal control
Business Law – Outcome 2 (Law of Contract) Identify and describe the essential elements of a contract There are 3 essential elements in a contract: * There must be an agreement on all material aspects (Consensus in idem) Both or all parties in a contract must have the same understanding of all terms within the contract. To reach and consensus in idem‚ any acceptance must meet one of the offers made. If a party makes changes to the original offer then this is considered a conditional offer
Premium Contract Breach of contract Contract law
The knowledge criteria then requires the individual to did so knowing what she is doing while freedom criteria requires the individual did so own her free will before being morally responsible for causing the wrong. Examining the cause of the fraudulent activities‚ Vinson initially been pressured by Yates‚ Myers and Sullivan to aid in painting the financial result of the company only one time and assured by Sullivan that he would take full responsibility for the action. Being a senior manager worked
Premium Corporate governance Fraud Ethics
and how to practice financial ethical standards to ensure accurate and fair reporting is the responsibility of the health care organization. Holding employees and management to a standard of working within these acceptable guidelines to avoid fraudulent
Premium Management Health care Medicine
Conflict on a Trading Floor The details of this transaction In this case study‚ the action takes place on the trading floor when Poseidon Cruise Lines wants to finance the construction of a new cruise ship that will be built by a French shipyard. The shipyard required payments in francs which created currency risk for Poseidon. Linda‚ a top salesperson‚ was assigned this transaction. She had developed a close relationship with the chief financial officer and treasurer over a year and a half of
Premium Fraud Deception Management
companies such as Enron‚ Tyco‚ and WorldCom‚ investors’ confidence in companies decreased‚ but once the SOX Section 404 guidelines were set investors saw that it left no room for error for unsuccessful internal controls‚ mismanagement of funds‚ and fraudulent activities. However‚ we all know that fraud and greed will happen and companies have to be mindful of that. Overall‚ the SOX Act of 2002 has been very beneficial and corporate America is better off by having in place into
Premium Enron
Healthcare Fraud and Abuse As we head into the next four years under the Obama administration‚ many Americans are hearing more and more about healthcare reform and what needs to be done to fix the ailing healthcare system. Part of the dramatic increase in healthcare costs is due to Medicare fraud abuse. Healthcare fraud is defined as making false statements or representations of material facts in order to obtain benefits or payment. Healthcare abuse is defined as practices involving the overuse
Premium Health insurance Health care Medicine
CJUS 4180 March 25‚ 2012 ????? Abstract Many types of fraud have occurred since the 1800s. As the economy fluctuates‚ many people and organizations believe they must commit fraud in order to have financial gain. Organizations and individuals must understand fraud and the types of fraud‚ in order to protect themselves. There are professionals trained that have received anti-fraud certification in order to fight against fraud. The anti-fraud professional assist companies and individuals
Premium Fraud
Yellow Journalism was the given name to mass media in the early eighteenth century. It consisted of cartoons‚ illustrations‚ catchy stories‚ and things that appealed to the readers interests and values(Mass Media 1). Sometimes the contents were fraudulent and emphasized tragedies. These types of contents sold papers in great volumes and created a large profit for such papers as the "New York World" and the "Journal."(Century 168) The owner of the "New York Journal" and the overall founder of
Premium William Randolph Hearst Newspaper