INTRODUCTION Background Pioneer Petroleum was founded in 1924‚ through a merger within industrial‚ pipeline transportation‚ and refining fields. PP has evolved over the last 60 years into a company that now also works with agricultural chemicals‚ plastics‚ and real estate development concentrating in gas‚ oil‚ petrochemicals‚ and coal. In 1990‚ PP improved their coker and sulfur recovery facility to make their refining process more efficient and in turn has become one of the lowest cost refiners
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BYP 13-1 FINANCIAL REPORTING PROBLEM (a) TOOTSIE ROLL INDUSTRIES‚ INC. Trend Analysis of Net Sales and Net Earnings For the Five Years Ended 2001 Base Period 1997—($ in thousands) 2001 2000 1999 1998 1997 (1) Net sales Trend $423‚496 113% $427‚054 114% $396‚750 106% $388‚659 103% $375‚594 100% (2) Net earnings Trend 65‚687 108% 75‚737 125% 71‚310 118% 67‚526 111% 60‚682 100% This analysis of
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In the case of Goodner Brothers‚ Inc. ‚ the six key control weakness were no proper segregation of duties‚ no proper procedure on recording documents‚ lacking monitoring on performance review‚ low gross profit margin than benchmark‚ no control on accessing to the accounting system and inventory storage and too depends on the honesty of the employees. Woody Robinson know very well that the company have these weaknesses that give him the chances to enter the hole to start the fraud activities. Firstly
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SIP REPORT “Employee Engagement Forum at Persistent System Ltd‚ Nagpur” Prepared By: Ms.Khushboo Bajaj Guided By: Ms.Supriya Chatterjee Department of Management Studies and Research‚ Tirpude College of Social Work‚ Civil Lines‚ Sadar‚ Nagpur – 440010 CERTIFICATE DECLARATION I hereby declare that this project report titled “Employee Engagement” has been successfully completed at PERSISTENT SYSTEM LTD‚ towards the partial fulfillment of the requirement for the award of the
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Case 1.9: ZZZZ Best Company‚ Inc. 1. A review differs from an audit because a review does not allow the auditor to test or observe internal controls and assess control risk. According to AS 5‚ effective internal control over financial reporting provides reasonable assurance regarding the reliability of financial statements. As a result‚ an auditor cannot provide reasonable assurance regarding the reliability of the financial statements by just completing a review; they must complete a full audit
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WEEK7 ASSIGNMENT 3 FRAUD IN THE AIS JERRY S. KOLEH STRAYER UNIVERSITY PROF. DANIEL ACHEAMPONG ACCT564 (ACCOUNTING INFO SYSTEM) MAY 26‚ 2013 Embezzlement of $19.2 Million at Citigroup and the failure of its AIS to prevent the fraud As alluded to by the Security Director ’s Report (2011)‚ it seems internal auditor were not thoroughly reconciling or analyzing statements relative to payments made to contractors and money transfers. Or still‚ they probably did not even have
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Proactive Fraud Auditing End of Chapter 4 in Albrecht FRAUD DETECTION Recognizing the Symptoms of Fraud Identify Risk Exposures Proactively Look for Symptoms & Exposures 1 2 Actg 537 Identify Fraud Symptoms for Each Exposure 3 4 Investigate Identified Symptoms Symptoms of Fraud What are some irregularities in source documents to look for? Missing Documents Payee Names & Addresses = Employee “Stale Items” on Bank Items” Reconciliation Excessive Voids or Credits
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Student’s name Professor’s name Course title Date British Petroleum (BP) case study British Petroleum (BP) is a global oil and chemical company with global headquarter in London and United States operation in Houston‚ Texas. BP owns numerous oil fields‚ refineries and chemical manufacturing plants worldwide. It is the largest company in the United Kingdom while BP America in U. S. is the largest BP division. BP operations as of 2013 were spread in over 80 countries around the world. The brands
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title: Apple Inc. Class: BSc 18C Word count: 2643 Date: Nov/15/2012 Table Of Content 1. Introduction – HRM & Potential risks in Apple Inc. (P3) 2. Recruiting – Internal & External sources (P4-P5) 3. Selection – Five steps in the selection process (P6-P8) 4. Training and development – Stages of designing (P8-P10) 5. Conclusion (P10) 6. References (P11-P12) Apple Inc. 1. Introduction – HRM & Potential risks in Apple Inc. Importance
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Livent‚ Inc. is a company that is very involved in the entertainment business‚ mainly in live theatrical productions. When dealing with a company in the entertainment industry‚ there are many risks that can be involved in auditing situations. A big risk that can be common is working with the higher officers of the company who are not strongly educated in the financial field. They are only familiar with the entertainment part of it and do not pay attention to a lot of the finances. It is common for
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