it recommended unnecessary repairs to customers in its automobile service business; Standard Chartered Bank was banned from trading on the Hong Kong stock market after being implicated in an improper share support scheme. The list goes on. In each case‚ employees broke through existing control mechanisms and jeopardized the franchise of the business. The cost to the companies- in damaged reputations‚ fines‚ business losses‚ missed opportunities‚ and diversion of management attention to deal with
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FAR600 CASE STUDY WORLDCOM QUESTION 1 a) Discuss the earnings management technique employed by the management of World Com. WorldCom admitted that the company had classified over $3.8 billion in payments for line costs as capital expenditures rather than current expenses. Line costs are what WorldCom pays other companies for using their communications networks; they consist principally of access fees and transport charges for messages for WorldCom customers. Reportedly‚ $3
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[1] What business was WorldCom in? WorldCom was in the business of telecommunications. Where was WorldCom located? WorldCom was located in Clinton‚ Mississippi. Who was the CEO? The CEO was Bernie Ebbers. Who was the CFO? The CFO was Scott Sullivan. What are the names of the two members of the internal audit staff who worked with Cynthia on their secret investigation? Gene Morse and Glyn Smith What made the internal auditors think that possibly there was a need to investigate WorldCom’s
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Kaiser Permanente Risk Management Executive Summary Organization Description Kaiser Permanente (KP) is the nation’s largest integrated health care delivery system. KP serves nine states and over nine million members‚ with an annual operating revenue in 2013 of 53.1 billion. KP is a leader in quality improvement efforts in the health care industry through participation in studies performed by the National Committee on Quality Assurance (NCQA)‚ The Joint Commission (TJC) accreditations‚ and the
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Executive Summary - Infection Control and Prevention Current Compliance Status for Joint Commission Accreditation Nightingale Community Hospital is committed to providing healthcare excellence‚ a healing environment and to be the choice for patient care. In order to continue to provide quality healthcare services in accordance with our values of safety‚ community‚ teamwork‚ and accountability Joint Commission Accreditation provides guidelines and standards for the Priority Focus Areas (PFA)
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1.0 Executive Summary Situation Analysis McDonald’s Corporation offers greater variety and quality choices and delight customers with the food and beverage products they desire from a fast-food restaurant. McDonald’s is convenient and modern making life fun and easy for customers‚ crew‚ and mangers. They also offer a range of tastes‚ sizes‚ and prices that deliver value to customers. An analysis of the internal and external environment indicates McDonald’s secret of success is its willingness
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Executive Summary Background: For displaying a new type of store and exposing more of the teahouse market to the community‚ Andy Yang and Tracy Huang decided to open Snowflake Tea House. The original Snowflake Tea House was launched in Fremont‚ CA; first opening in 2012. Due to the popularity‚ the owners decided to open another branch in Union City. This branch is renamed to be Snowflake Tea House 2. This location is very profitable to the new branch because Union City is located in the middle
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Executive Summary Ready For Zero ENT526 Introduction to Entrepreneurial Behavior Professor Alison Kemper Elevator Pitch Today a large some of the world’s population live with financial debt. Whether it is a credit card‚ car loan‚ student loan‚ or a mortgage‚ most adults in the developed world of all backgrounds‚ and all types of incomes often find themselves in some form of financial debt. There are multiple factors that lead people into debt. Some individuals
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computers‚ and was rumoured to be experiencing cash flow and inventory problems. The objective of Paula’s analysis is to help her manager decide if MiniScribe Corporation should remain in Alexander and Ferris’ ‘Buy’ recommendation list or not. The case was therefore analysed from Paula Perry’s viewpoint as a research analyst who must make a recommendation. The group made a background check of MiniScribe and the disk-drive industry‚ and took note of all the important events and developments which
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------------------------------------------------- ------------------------------------------------- Executive Summary Proposed Online Application for Fantastic Five T’shirts ------------------------------------------------- ------------------------------------------------- Fantastic Five T’shirts is a small company that specializes in custom designed t’shirts and does business primarily based on word of mouth advertising on a local level. Fantastic Five T’shirts desires a website which
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