Deloitte’s Diagnosis of SKS: During the planning meeting, the Deloitte Consulting Group correctly identified some of the key issues hindering SKS Manufacturing 's performance. For starters, we believe that Wattley-Davis correctly recommended a "multi-pronged" approach to fix the SKS short term business and manufacturing problems. Like Deloitte, our team also identified problems with the firm 's cost-structure and inventory levels that could be alleviated by synchronizing the production and procurement
A Case Study: How CIGNA Streamlined its Foreign Currency Payments Global Finance CIGNA, an international employee benefits provider, makes cross-border payments by wire, check and ACH to more than 225,000 beneficiaries in over 70 countries. The company wished to simplify and automate its foreign currency payments. Key objectives were to accelerate payment processing time, trim cost and to ensure a superior service to their clients. The Problem: Payment Timing is Critical to Service Quality
Deloitte, Haskins and Sells traces its history way back to the mid 1800s when William Welch Deloitte devised the double entry accounting system to help the Great Western Railway. Deloitte was also instrumental in solving the problem companies faced when it came to depreciating their fixed capital. Deloitte played a key role in the passage of the Joint Stock Banking Act in England, which required firms to provide their income statements and balance sheets. As accountancy started becoming indispensable
ACCY 303 Class, AE5 From: Man Fun Daniel Yeung, Seung Kim, Young Jae Lee, Max Kirsch Date: Oct. 18, 2010 Re: Financial Reporting Problems at Molex, Inc. INTRODUCTION This report discusses Molex, Inc.’s conflicts with its auditor, Deloitte and Touche, over a reporting issue in 2004. The report explains the details of the firm’s issue while also addressing the intentions behind Molex’s decisions, Deloitte’s concerns, and the resolutions for the conflict. MOLEX’S PROBLEMS In mid-July
Mini- Case: Going- Concern Reporting. Refer to the mini-case “GM: Running on Empty” on page C11 and respond to questions 1– 6. 1. Reviewing GM’s financial information in GM Exhibit 1 and its stock price in GM Exhibit 2 , when do you first see signs of GM’s impending financial distress? 2. In referencing professional standards, what factors should auditors consider in evaluating potential going- concern uncertainties? 3. Considering your response to questions 1 and 2, do you believe that the going-
of discrimination exist from gender to workplace. In some cases, people are still treated as second-class citizens, lacking basic rights and suffering violence and many kinds of disadvantages. Discrimination is a big social problem that needs to be addressed. In this memo, our group will clearly define current social issues such as sexual discrimination and racial discrimination, deeply analyze these two issues, and provide specific solutions for managers and organizations to effectively manage diversity
analyzed 2,410 occupational fraud cases whose combined losses totaled more than $6.3 billion. The organization identified three most common types of fraud: Asset misappropriation Corruption Financial statement fraud Of these, financial statement fraud is overwhelmingly the most common. Accounts payable, or AP, automation could help prevent
identify best practices and latest technologies to meet the demands of an ever-changing marketplace. Inspirational Mentor/Coach who builds multi-cultural, multi-location, cross-functional teams while minimizing costs and risks to deliver world-class solutions. Recognized for driving value for organizations, customers and employees through… • Enterprise-wide Business Transformation: Directed and led a multi-year enterprise-wide Business Transformation along with PeopleSoft ERP Implementation for a large
1. Introduction Information Technology (IT) sourcing today is bigger than ever before, thanks to the swiftness and ease of technology advancements such as cloud computing, business operation and infrastructure. IT sourcing is a common practice among both private and public organizations and are a major aspect in business strategy. IT sourcing is mainly categorized into IT insourcing and IT outsourcing. IT sourcing gives new starters the opportunity to benefit from the experience of others
Supply Chain Resilience: A Risk Intelligent approach to managing global supply chains Contents Contents 1 3 5 6 7 9 Preface A more complete view of supply chain risk? The four pillars of a resilient supply chain Resilience in action Building a resilient supply chain Ready. Set. Go. 9 Endnotes 10 Contacts 11 Nine fundamental principles of a Risk Intelligence program Preface This publication is the 25th whitepaper in Deloitte’s series on Risk Intelligence. The concepts and viewpoints