Management Control

Fraudulent financial reporting is one form of corporate corruption and may involve the manipulation of the documents used to record accounting transactions, the misrepresentation of accounting events or transactions, or the intentional misapplication of Generally Accepted Accounting Principles (GAAP) (Crumbley, Heitger, and Smith, 2013). Examples of fraudulent schemes befitting of this category abound and usually involve financial statement items that have been misclassified, omitted, overstated, undervalued, or prematurely recognized. One case involving CEO Bill Smith of Moonstay

Occupational fraud is defined as the use of a person’s job for individual enrichment through the purposeful mishandling or misapplication of his or her employer’s capital or assets (Wells, 2005). Occupational fraud can have a serious impact with far-reaching consequences. In 2004 for the Association of Certified Fraud Examiners (ACFE) conducted a survey that provided 508 usable studies of fraud for a total of over $761 million

          ▪ trace cash receipts entries from the cash receipts journal entries to the bank statement;

There were 347 alleged cases of fraud involving public company according to Fraudulent Financial Reporting: 1998-2007 sponsored by Committee of Sponsoring Organizations of the Treadway Commission (COSO, 2010) that were investigated by Securities and Exchange Commission (SEC) on May 2010, which is showing 53 increased in the number of fraud when compared to the 1987-1997 study (p.5). COSO’s result is a sad number in a 10 year period, which averaging close to 35 accounting frauds a year (p.5). COSO’S study shows out of the nearly 350 financial frauds investigated 60% were identified to involved improper revenue recognition and 89% were recognized the CEOs and/or CFOs involvement (p.5). COSO’s research

Occupational fraud can be defined as “the use of one’s occupation for personal enrichment through the deliberate misuse or misapplication of the employing organization’s resources or assets” (ACFE, 2016). Asset misappropriation proved to be the most common form of occupational fraud with 83% of cases but it has the smallest median loss of $125,000 whereas the Financial statement fraud occurs in less than 10% of cases but its median loss of $975,000 (ACFE, 2016). This figure only shows the amount of losses caused by the known fraud cases, as it is impossible to know the undetected and unreported cases (ACFE, 2016). However, it is essential to determine the cost of fraud as it helps to understand the scope and impact of the problem and helps the organizations to quantify the fraud risk and assist in deciding the allocation of antifraud resources and programs. The financial losses are also related to the length of time the fraud remain undetected. The 2016 study by ACFE finds that the median duration of a fraud goes undetected was 18 months and in some extreme cases more than five years (ACFE, 2016).

Arens, A. A., Elder, R.J., & Beasley, M.S. (2012). Auditing and assurance services: An integrated approach (14th Ed.). New York, New York: Pearson.

The ability to allocate resources to achieve a goal is the hallmark of project management. This case study is designed to help you practice the allocation of resources in project management and identify the effects of resource allocation on achieving specific goals. Read through and complete this case study, and examine the final outcome to understand the potential problems and pitfalls that can occur in projects. Through these types of exercises and personal experience you will build an experience base of skills that will help you better manage your own research laboratory.

Students conducting PG Independent Scholarship (PG IS), UG Applied Research Project (UG ARP), UG Maths Projects (UG MP) or Learning-through-Work (LTW) projects must complete this form and submit to their project supervisors for approval. After initial approval, project supervisors need to submit these forms to PG IS, UG ARP, UG MP or LTW coordinator who would then submit these to the Chair of the Computing Ethics Committee (CREC) for further consideration.

Income Taxes. The Company anticipates its effective tax rate will be approximately 37%, which reflects a more normalized rate after the release of the tax valuation allowance in 2015 and is based on the Company’s relative mix of domestic, foreign and state income tax expense.

An expanding industry in which our company was well positioned for growth, having access to capital and a history of very stable management.

This paper will provide examples for each type of service, which is auditing, assurance and attestation. These are very important services when it comes to the auditing process. There are certain individuals and organizations that may request these services. Also, the standards that apply to each service and who establishes those standards will be further discussed. These services are important to ensure profitability and future success for the business.

Management control – all devices or systems managers use to ensure that behaviors and decisions of their employees are consistent with the organizations objectives and strategies (MCS)

The purpose of this case study is to describe and analyse the features of the management control system (MCS) of University of Southern California (USC). Before commencing the analysis a brief background of USC is provided.

中文摘要 在过去 20 年中，中国海尔集团从一个濒临破产的冰箱制造工厂转变成了一个 拥有多化产品的国际企业集团，并被列入《世界最具影响力的 100 个品牌》。海尔 拥有包括白色家电、黑色家电、米色家电在内的 96 大种类、15100 多个规格的产 品群，并出口产品到全球 160 多个国家和地区。同时，海尔现有工业园区 10 个、 海外工厂及制造基地 30 个、海外设计中心 8 个、营销网点 58800 个。据 2004 年市 场统计显示，海尔小冰箱、酒柜在美国市场已占据了第一的市场份额。在 2004 年 11 月的英国《金融时报》和普华永道联合评选的“全球最受尊敬的企业＂中，海 尔蝉联中国最受欢迎企业第一名。 本论文叙述了海尔集团发展战略创新的三个阶段：名牌战略、多元化战略和国 际化战略，并指出海尔企业文化、制造技术、组织结构、管理控制机制、信息技术 和薪酬体制是如何配合其战略发展的三个阶段而相应改变的。 本文还对海尔 OEC 和市场链流程再造的管理控制机制进行了详细的阐述。最后作者指出海尔的五个改 进方向及海尔可向美国通用电气集团借鉴的五种管理方法。

A series of corporate collapses over the last two decades has generated consider-able debate and a strengthening of corporate governance requirements. But throughout the belief has