Dena Brenner, the ambitious payroll manager and attractive woman, has been working for the Sure Growth Company for three years. After three years, the company obtained larger establishments and decided to hire Dena as the Corporate Payroll Manager. She was well spoken and was well liked by the upper management. The upper management decided to move her to the Human Resource department where she worked with Klaus Dieter. Klaus Dieter worked with the company as a Treasurer for twelve years and ensured that each individual in the company focused on details and cash flow.
This created tension between Dena and Klaus because Dena’s work did not have sufficient details and accuracy in regards to cash flow. Klaus became suspicious of the minor fluctuations in the payroll cycle that Dena created. He decided to hire
…show more content…
Mr. Klaus performed well in hiring an outside private investigation team after noticing fluctuations in the payroll cycle from 4 million to 4.5 million and 700,000 wire transfer. Hiring is better than an internal investigation because it could cause problems in the lack of necessary tools, training, and experience. Thus, the experienced investigation team brought forth clear evidence that Dena was conducting money laundering and forgery. Dena Brenner committed fraud that could have been prevented if the company had stronger controls. IAS management needs to implement a stronger system that has a supervisor review and approve changes in payroll to ensure that transactions and changes are performed correctly. Also, the controller of the company needs to reconcile accounts each month and have them reviewed and approved by the supervisor. Lastly, payroll needs to be reviewed, approved, and mailed by a non-preparer and sent directly to the company’s lockbox.
Penny Ann Beernsten, a thirty-six year old small business co-owner and physical fitness instructor, went through a traumatic experience on the afternoon of July 29, 1985. She jogged at a stretch of Lake Michigan shoreline in Wisconsin. She was planning on meeting with her father at the beach at 4:00 PM and she started the jog at 3:50 PM, but was grabbed and taken to the woods where she was raped and deprived her of oxygen by suffocation until she passed out. When she woke up, she walked out of the woods, where couples comforted her until she found her husband and finally the police. (Possley).
During our negotiation with D.G. Barnhouse (DGB), we intend to utilize an integrative bargaining strategy with management. Before coming to this conclusion, we weighed the advantages and disadvantages of a distributive approach, however, we eventually decided to take an integrative and predominantly interest based stance versus a position based stance in our negotiations after assessing internal and external environmental factors. In addition, we settled on this strategy because we ultimately believe that management and the union share at the very least, one fundamental common interest, which is the firm’s financial stability. That being said, even with our plans to use integrative bargaining, we still plan to negotiate assertively to achieve
The underlying issues in both cases are racial discrimination. For Cheryl Boulden in the affirmative action case the issue is being “an African American woman among the good ol’ boys in Indiana.” She was recruited because of race and her permanent handicap was seen as an asset for a diversity program lacking any. Yet these qualities made her a target of racism. Susan Finn’s ethnic discrimination presents a dilemma of how to deal with a contract physician’s abusive behavior “toward Hispanics and female staff as well as patients” (Reeves, 2006, p. 79). While the issues of racial and gender discrimination is not unusual, the failure of these agencies to address multiple complaints is.
Appendix A.2 also lists several factors that could provide opportunities for management/employees to commit fraud. One factor that could lead to fraud is if, “There is ineffective monitoring of management as a result of: domination of management by a single person or small group without compensating controls.” The auditors should have taken notice of the lack of controls and segregation of duties with respect to Phar-Mor’s
1. There’s a potential risk of delegating one-person manipulating the recording and authorizing of the payroll accounts.
The consumer report being homicidal and harm to self/ other. The consumer also report he is having delusional but, no A/V hallucination. It is recommended that the consumer goes crisis residential. The writer discuss case with Dr Valamundia and he agreed that because the consumer is still taking about suicide he should go to crisis residential. However, there are no beds available for the consumer. The writer informed Dr. Valamudia because no beds the consumer will go inpatient.
After read the article I have better understand how to analyze the Gaston’s hiring of Decarlo as COO. Gaston’s has been very successful in her business and her organization has been grew so much then in October 2006 she realizes that she need a president and COO for her organization, because the organization has been expand. She create the position with job description that will help her company to become more successful. For this particular position Gaston raised her expectation what she wants and what should be the requirement for the COO position. These requirement was for COO to be in charge and responsible for manager supplies, retailer and partnership then to overlook the quality control in order to make sure her products was the disserved
Accounts Receivable deposit all funds into the defaulted bank accounts. At this time the cash transfer needs to be executed by the Community Controller if that is whet the Board requires. Furthermore this request it’s to be treated the same like any other request transferring funds for one account to another.
Wayland Manufacturing Company’s lack of internal controls enables employees, including Newbaker, to commit asset misappropriation. Newbaker’s dual roles grant him complete control over the recording and paying of accounts payable transactions. Newbaker is a knowledgeable employee who wants the company to succeed, but this could also because he wants to continue misappropriating funds. In addition, two of the four files provided for the audit are created in-house, which suggest that they are not as reliable as the other files created by other parties (Arens, Elder, & Borsum 2013) (Red Flags and Prevention Tips for Accounts Payable Fraud 2015) (Accounts Payable and Disbursements Fraud
DeAngelia provides the Silver codes to the client and informs the client the brothers will provide them to their assigned MB.
Mustika Ratu has averted this crisis through cautious investment of the proceeds of their Initial Public Offering as shown in Appendix (Exhibit 8). They have held the plan for further expansion of manufacturing facilities and construction of packaging and labelling materials production facilities and the containers were redesigned to reduce the plastic
First and foremost, the accounting system used should be updated. The case stated that the system was 30 years old and that prior accounting period transactions could not be locked down, which enabled internal control processes to be bypassed. Enhancing internal
Steven, a staff accountant in the accounts payable section, is confident that he knows the “ins” and “outs” of the bureaucratic organization he works in. Kristin, a new manager of accounts payable, no non-sense type of manager, Kristin was experienced and determined to perform her new assignment with the same vigor that had brought her so much success throughout her career. Steven believes people seem to gain promotions and have the opportunity to work overtime based on who likes them rather than the quality of their work. As a result, Steven who is dissatisfied with what he senses are political machinations that have influenced managerial decision making within
I went Into work extra early because Mr. Frank wanted to talk to me. When I arrived at the Pectacon I looked out and saw a beautiful golden sunrise and knew that from then on, it was going to be a great day. I walked into the narrow door and saw Otto sitting at the office desk with his hands folded. “Hello, Mr Müller,” Otto said. “Its summer now and we need extra help at the Opekta… I figured you would be a fantastic employee since you are doing such a great job here at the Pectacon. I guess what I'm asking is for you to transfer to the Opekta. You will get a raise of 50 Deutsche Marks.”
Diverse and inclusive learning environments are important to me because I am an immigrant. I arrived from Mexico when I was nineteen years old and since I put a foot into this country, I learned that I was not welcome. Writing about me it’s a little hard. I have so many memories that I would like to share but I especially want to tell you one story that might change the way you see immigrants like me. I have been living in the United States since 2006. I’m a victim of human trafficking that survived and overcame many barriers. Moreover, the fact that I suffered so much during so many years made me stronger and also helped me to feel that the world should know that human trafficking is the modern form of slavery. The reason that I want to be a journalist and communicator is because I want to be the voice of the people that cannot speak. Hopefully, one day I will be able to help others with the power of information. I want to work for the Latina community because the lack of education makes them victims of several crimes. I’m a single mother too that wants to give to her son the opportunity to achieve all his dreams without all the