As a follow up to my questions last week on Halyard $HYH I did some more digging on the fraud case and thought I would pass along what I found out. Pete said that Mike did more work on this so it may be repetitive but here goes. I talked to Michael Avenatti the lawyer on the class case. He said the case is ongoing and should go to trial in the next few months. He said it is a Qui Tam case to recover money for the whistle blowers. He is not sure HYH will survive this as they have no insurance
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October 1‚ 2011 I was asked to give my recommendations on LJB Company’s internal control system before the company decides to go public in the future. Based on my review of the information that I have been given‚ the following are my recommendations for new internal controls: 1. Establishment of Responsibility 2. Segregation of Duties 3. Human Resources Control 4. Independent Internal Verification 5. Physical controls It is good to see that LJB recognizes the efforts of its
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Problem and Methodology One of many food stamp frauds was discovered when an employee of New York City Human Resources Administration (HRA) noticed and reported irregularities in HRA’s processing of food stamp applications. The New York City Department of Investigation (DOI) investigated the report and found out that Vanee Sykes with other four people‚ including current and former New York City employees carrying out a massive food stamp fraud. Vanee Sykes was a
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Case Study 2 – Internal Control The following are the internal control requirements a company who wants to go public needs to be put into place. INTERNAL CONTROL REQUIREMENTS Management’s Assessment Section 404(a) of the Act and the related rules adopted by the SEC require management to assess the effectiveness of the company’s internal control over financial reporting as of the end of the company’s most recent fiscal year‚ and to state in the company’s annual report whether the company’s internal
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In 1996‚ a city manager in California’s Contra Costa County became suspicious when a local disposal service company asked for help keeping itself afloat. Orinda-Moraga Disposal Services wanted to raise rates on its customers and needed the Contra Costa Sanitation District’s approval. However‚ the company had recently stated its desire to lower rates. The wary city manager hired forensic accountant Dan Ray to uncover the truth. After examining Orinda-Moraga’s records‚ Ray discovered that the company
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Part A: Duty to Prepare Police Notes 1) The opposing parties appealing to the Supreme Court of Canada are; Ruth Schaeffer‚ Evelyn Minty‚ Diane Pinder‚ and Ian Scot. In this situation‚ Ruth Schaeffer happens to be the biological mother of Mr. Schaeffer. Diane Pinder is the sister of the now deceased Minty and Evelyn Minty is the biological mother of one of the slain males. (Doug Minty). What both families have in common is a male member from both sides was shot and killed by police and the officers
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learning" as a means of promoting employee development at the same time acquiring highly skilled work force. After researching on steps to training and development‚ there have been numerous results‚ each having their own set of steps‚ some have three steps‚ five steps and seven-step plans. Looking through the many sources‚ there are a lot of similarities between them. Then there was one article I found written by Jim Kasperik and Greg Herlevi of Tooling U-SME company that specializes on professional
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Regular Visits 06 6. Counseling 06 Outcomes 06 Undertaking by lead Professionals 06 Suggestions for her future 07 References 08 Background: A 14-year old girl lives with two younger siblings. Mum has history of mental illness and shop lifting. Her attendance is very low‚ she often arrives to school late‚ or leaves early to go meet Nan to go for shopping. Her diet is poor‚ she is obsessed about her body image‚ and her youth
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Case Study Two Name Accounting and Finance 02Feb2011 Dear President of LJB Company‚ (1) If the LJB Company should decide to become a publicly traded company‚ a few internal controls should be implemented to comply with the Sarbanes-Oxley Act (SOX). * Management will need to provide periodic quarterly reports to evaluate the effectiveness and reliability of LJB’s internal controls over financial reporting procedures. * Management should certify the accuracy and fairness of presentation
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Trying to design a web page using hyper text mark up language (html) Smtp-simple message transfer protocol or simple mail transfer protocol It is a mark up language meaning giving demarcations to a page to depict the content of the page in an order Mark up tags- the tag describes the document we are trying to create. Html tags are contained in left and right bracket angles. The tags normally come in pairs. The first is called the start tag and the last is called the closing or end tag. The difference
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