KPMG United States- Oct. 17‚ 2015 1. Issuer O: “The Firm identified a fraud risk related to revenue. The Firm’s testing of controls over revenue and accounts receivable‚ however‚ was insufficient. Specifically: With respect to one of the issuer’s segments‚ which consisted of three business units‚ the Firm failed to identify and test any controls over revenue and accounts receivable for two of the business units‚ which‚ in combination‚ represented a significant portion of the issuer’s total revenue
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Organizational Responsibility Organizational structure and culture influence have a huge effect on the success or downfall of an organization. Many organizations have proper processes in place to prevent health care fraud and abuse. This paper reviews fraud and abuse and how organizational structure and governance‚ culture‚ and focus on social responsibility affect or influenced the described situation. This paper will also review resources and allocation to prevent this type situation in the future
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decided to enter the show business world. These two young entrepreneurs were able to convince a well-known Toronto businessman to invest one million in “cinema complex”. Over the next several years Drabinsky and Gottlieb were successfully able to expand their company‚ while they convinced to gather up large sums for the development of multiscreen theaters complexes throughout Canada and the United states. By 1980 Cineplex Odeon controlled about Two thousand theaters‚ which made it the second largest
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acct 504 | MANAGERIAL USE ANLYSIS | CASE STUDY 2 INTERNAL CONTROL | 12/1/2012 | Case Study 2 Internal Control . A requirement is important to know that all publicly traded U.S. corporations are required to maintain an adequate system of internal controls and procedures for financial reporting in accordance with the Sarbanes-Oxley Act Section 404. It is the responsibility of your executives to ensure there are dependable and effective controls in place‚ and auditors from outside
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Payroll Patty Scam The Payroll Patty Scam is a payroll scam were a company nearly lost three quarters of a million dollars. The payroll clerk‚ known at Payroll Patty‚ was creating “ghost” employees in order to hide the fraud she was committing. The payroll clerk was adding these “ghost” employees to a separate cost center which was not noticed since the company typically had seasonal contract labor employees anyways. No red flags were noticed for a long time because it was typical for the company
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where in they just fired the employees from the organizations they merged with. The project was then dragged on to Fierst who was able to persuade the CEO that Milanese was ineffective and should be "encouraged" to retire. In the performance review report Ekdhal found that the managers had put mostly 4 and 5 in the performance review. So he conducted another Performance review after giving the managers training on how to grade the employees; despite of the opposition from the CFO ‚but could find
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Case Study Report Introduction This case is about Zenova ’s project team‚ Ryan Douglas is a manager who works at a multinational company called Zenova which makes health and beauty products. Four months ago‚ Ryan led his project team which integrated 16 members come from 5 different countries was ordered to perform a significant survey about job satisfaction of employees in all the subsidiaries and completed in 18 months. However‚ there are some problems about Ryan ’s team and how to deal with
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Case Study 2 – Internal Control TO: LJB Company President FROM: Accounting Firm DATE: August 12‚ 2012 SUBJECT: Internal Control It is with great pleasure that we can provide you information and advisement on internal controls that will assist LJB Company with going public. We understand that you have communicated your concerns and expect that this report will assist you with deriving conclusions. This report will: 1. Inform you of any new internal control requirements in reference to going
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Case Study Report BHO2259 PRODUCT & SERVICES INNOVATIONS University Name of student Q1. Use the Cyclic Innovation Model (Fig 1.9‚ pg 30) figure to illustrate the innovation process in this case and provide a brief description? Answer – Apple has been known as the world’s most innovative company and is still proving to use the most innovative technologies in the world. It has shown innovation capabilities in all areas‚ product‚ customer experience and leadership. They have focused primarily on
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Details: Write a 500-750-word paper that analyzes the two leadership case studies‚ "Coach Knight: A Will to Win" and "Coach K: A Matter of the Heart." Introduction: Leadership research has been extensively done to improve leaders in the way they lead. There are two researchers that have formed models to guide leaders in different approaches or behaviors according to the situation that he or she is in. Address the following questions and concepts: 1) Through your review of Fiedler’s
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