and serve as a defense in safeguarding assets and preventing and detecting errors‚ fraud‚ and abuse. Effective internal controls provide reasonable assurance that an organization’s objectives are achieved through (1) reliable financial reporting‚ (2) compliance with laws and regulations‚ and (3) effective and efficient operations. The passing of the Sarbanes-Oxley Act of 2002‚ as well as the numerous corporate frauds and bankruptcies over the past decade—including some from Fortune 500 companies
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The purpose of this memo is to disclose fraudulent reporting I have found in the company’s financial information in relation to product costs. Direct costs of work from private clients are being included in the overhead costs of the company. This increases the total overhead cost that is allocated amongst clients cost of sales‚ including the Defense Department of the government. The company has cost-plus contract with government in building and maintaining roads to military bases. In cost-plus contracts
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INVENTORY OBSERVATION MEMO 1. Before commencement of verification‚ the management should issue appropriate instructions to stock taking personnel. Such instruction should cover all phases of physical verification and preferably be in writing Auditor should examine these instructions to assess their efficacy In the given Case; Manager‚ Andrew Jacobs issue said instructions to count team. But‚ while issuing instructions‚ no consideration was made to: • Stock held by company
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I’m writing this memo because I believe the best way to donate one billion dollars is to fund the construction of a science and technology museum in the Detroit inner city. This museum is the best way to donate this money for 3 main reasons: • Investing in America • Innovation and invention • Creating a brighter future for disadvantaged students Investing in America This museum will not only be an investment to the people of Detroit‚ it will be an investment for the future of America. Many students
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MEMORANDUM DATE: March 17‚ 2009 TO: Shari Malin FROM: Wendy Quintana‚ Student SUBJECT: Racial Profiling INTRODUCTORY SUMMARY We have been assigned a problem analysis memo and I’ve chosen the topic of racial profiling‚ for being a minority myself. One usually associates racial profiling with police officers‚ but the truth is that it’s not limited to them only. There’s been racial profiling observed in every position of power. Some observers claim that racial profiling doesn’t exist‚
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The purpose of this memo is to present the process that I went through when writing my adjustment letter for the freshmen orientation in the College of Engineering at The University of Arkansas. When I was writing my adjustment letter‚ I had to think of had happened during my engineering freshmen orientation. My freshmen orientation was good and very organized; however‚ I think we should have talked about some other important topics such as: The basics of college-level academic expectations and
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TO: FROM: DATE: RE: Dr. Karen Ford-Eickhoff Sonia Y. Farfan Murte 10/20/2014 Harley-Davidson Memo To be competitive in today’s market‚ companies need to evaluate their organizational capabilities from time to time. This allow companies in different industries to attract their customer’s attention by offering uniqueness and creativity in products that stand out from the competitors. By innovating and constantly updating their products‚ companies are always able to target and attract more customers
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Nordstrom Executive Summary This memo will provide a brief history and financial overview of Nordstrom‚ a high-end‚ quality clothing store operating in 28 states with more than 200 stores according to Nordstrom’s Business Wire press release on December 2‚ 2010 (Nordstrom‚ 2010). Additionally‚ an overview of the financial information includes specific details from the balance sheet‚ income statements‚ and statement of cash flow for 2007 through 2009 and any latest reporting for 2010. The statements
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Memo To: xxxx From: xxxx Date: February 8‚ 2015 Re: Things about Interview We had our first business meeting on February 3‚ 2015 in the small section class. There were mainly three topics about interview we discussed in the class. Our group’s topic is interview preparation. I got one journal to share named How to “Prepare for a Job Interview” on the website of The Wall Street Journal. In addition‚ we also learned from other two groups about the interview skills and interview clothing. In the
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Memo To: All staff From: Human Resource Manager Date: 7/3/2011 Subject : Work practices and the prevention of Food Poisoning To all staff and employees‚ The following criteria must be followed at all times in the vicinity: Personal hygiene Try to avoid touching your mouth‚ nose‚ ears‚ eyes or any body opening as these areas contain harmful micro-organisms. If you do touch any of these areas including jewellery‚ make sure you wash your hands before touching any food‚ utensils or linen
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