contributed to the commission of this fraud can first of all be seen in the area of segregation of duties. This internal control of segregation of duties helps to ensure that no individual controls every aspect of a transaction and separates the custody, accounting and approval function. This was very lacking at the MCI. As a matter of fact, Palvo was responsible for billing and collections for the carrier business segment, which created the opportunity for fraud. Of
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Daniel worked in the accounting department of Lynchberg Manufacturing. Daniels was recently asked to prepare a sales budget for the year 2011. He conducted a thorough analysis and came out with projected sales of 250,000 units of product. That represents a 25 percent increase over 2010. But after some time he found that he had made some mistake in his report. The report had indirect effect on the demand and sales of the product and also the hiring of the employees. He was in making a decision to
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Reporting Practices and Ethics of Health Care Oscar Derry Brown HCS405 March 9th 2013 Donna Nanovski Reporting Practices and Ethics of Health Care This paper will explain the practices and ethics of the health care system. Within the past few years there has been countless of fraud and abuse in the Medicare and Medicaid systems. Many false practices by doctors and health care staff to make the extra dollar. On the other hand there are health care providers who follow the right proto-call
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Ch. 4 Notes Situational Analysis - A process planners use, within time and resource constraints, to gather, interpret, and summarize all information relevant to the planning issue under consideration. Goal - A target or end that management desires to reach. Plans - The actions or means managers intend to use to achieve organizational goals. Scenario - A narrative that describes a particular set of future conditions. Tying plans to a firm’s financials is a key element of success. Bottom
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. Ethic Business Paper Melissa Malcolm PHL 323 January 13, 2015 Instructor Ashram Chooniedass Ethic Business Paper Enron started out in 1985 as a merger between InterNorth and Houston Gas Company, the company’s innovation leads to huge success. By 2000 Enron announce revenue of one hundred million dollars in profit. This huge increase was due to the trading energy sector of the company, shortly after it announced that Enron had become the sixth largest energy company in the world. In
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Ethics activity – Giant Engineering – Accountant’s responsibility As an assistant controller (management) Dewi Hartono has an ethical responsibility to take action. Hartono has discovered that the company purposely included direct cost to overhead cost. This has cause to over bill the federal government. Clearly, this is a violation of the law and could severely cause Hartono from ever preforming any type of accounting work; not mentioning a long time in prison. Hartono has a legal and ethical responsibility
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The Auditing Process • Secure top management and board commitment • Establish an ethics audit committee • Define the scope of the audit • Review the organizational mission, goals, and values • Collect and analyze relevant information • Verify the results through an outside agent • Report the findings to Audit committee, managers, and stakeholders Secure Commitment of Top Management and the Board: • first step in the auditing process Top management may want a way to benchmark their
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Q1) What is Ethical analysis and discuss its Application: in Corporate Decision making? Ethics is unique among disciplines in that practitioners often cannot agree on a common definition of their topic. Ethics Scoreboard can't solve that problem, which is many centuries old. Here it attempts to put forth definitions that explain what words mean when they are used on this website.] Values: Those qualities of behavior, thought, and character that society regards as being intrinsically good, having
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which course of action was to be taken based on each philosophical approach for the given scenarios. The three philosophical approaches are: consequentialism, deontology, and virtue ethics. Consequentialism is the view that the value of actions is derived solely from the value of its consequences. In accounting, this approach is used to analyze which decision is most ethical based on the harms and benefits to the stakeholders; basically, it is the decision that does the greatest good for the
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states that "we must appeal to idealizations in order to interpret rules." Agree with the author full heartedly, although I feel that is sometimes the problem. Not everyone has the same ideals, not even remotely. This is the starting point for good ethics, ones ideals and morals. If a person has good ideals and morals, rules will not apply, that person will use good judgment and do what they feel is right anyway. I feel the author is on target with the section "rules require principles and character
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