Case 2 Jamaica Water Properties I Essay

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Case 2 Jamaica Water Properties Table of Contents Issues………………………………………………………………………………..... 1 Facts………………………………………………………………………………….. 2 Analysis…………………………………………………………………………….... 11 Conclusion/Recommendations………………………………………………………. 17 Reference/Bibliography…………………………………………………………….... 19 Issue 1. After discovering the suspicious items in JWP’s accounting records, should he have taken a different course of action than he did? 2. What measures can and should be taken to make it easier for corporate employees to ‘‘blow the whistle’’ on a fraudulent scheme they uncovered within the firm? 3. Should business, accounting firms, and other organizations explicitly reward ethical behavior by their employees and executives? 4. What measures can…show more content…
by that time, offered a wide range of services involving the design, development, and maintenance of complex mechanical, electrical, and computer systems. JWP targ eted its services to high-tech industries, including the financial services industry The company developed sophisticated control systems that helped major Wall Street firms, such as Merrill Lynch and Goldman Sachs, more efficiently and cost-effectively manage their operations. In addition in the early 1990s, Andrew Dwyer’s new business model for JWP had converted the company into a multibillion-dollar firm with a workforce of more than 20,000 employees. The company’s stock was listed on the New York Stock Exchange and included in the Standard & Poor’s 500. Probably most impressively, the company reported increased revenues each quarter over a 12-year period from 1979 through 1991.Although JWP still had a water utility division that division accounted for only 2 percent of the firm’s annual revenues. In early 1991, Dwyer made a key decision that he hoped would catapult JWP to among the largest and most prominent companies in the nation. Dwyer purchased the large computer retailer Business land, Inc. Business land’s operations were integrated into a new division of JWP that marketed computer hardware, business software applications, and information

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