falsely represented to immigration authorities that certain foreign nationals worked full-time for his computer training business. At least one individual fraudulently obtained a visa in connection with Zhang’s offense. What had trigger Zhang being caught was he told a colleague one of his hard drives holding the code had been lost. The colleague immediately told his supervisor and the bank's officials alerted the FBI (FBI, 2012). The GWA code gave Zhang access to the United States
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Section 404: Assessment of internal control Section 404 of the SOX Act, requires management to produce an internal control report as part of each annual Exchange Act. The report must affirm the responsibility of management for establishing and maintaining an adequate internal control structure and procedures for financial reporting. The report must also contain an assessment, as of the end of the most recent fiscal year, of the effectiveness of the internal control structure and procedures of the issuer
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1. What types of control – feedforward, concurrent, or feed back – do you think would have been most useful in this situation? Explain your choices. All these types of controls are useful in this situation. They are ways of communication before, during and after and audit is done. One was actually used before the explosion happened and that was feedback. In the article it describes where an audit was done and there was feed back given to BP in regards to some matters that required immediate
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is that colonial powers require African natural resources, while Africa has always needed colonial investment and other financial resources in order to develop and grow. It is through this supposed interdependence that to justify completely taking control of the African continent (Martin 1982: 223). While formal colonialism has come to an end, what has risen from it is what is known as ‘neo-colonialism.’ Kwame Nkrumah, former Ghanaian president is an instrumental figure in defining the concept of neo-colonialism
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the book is being in control. Two of the major themes, which are explained in the novel, are the control of information, history, and language as mind control. These are two forms of control, which are practiced by the Party and the citizens of Oceania. The topic of control of information and history in the novel, through many different ideas. One main ways this theme is brought out is through the Party's slogan "Who controls the past controls the future. Who controls the present controls the past"
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Internal Controls Under Sox, all publicly traded corporations are required to maintain an adequate system of internal controls. It is recommended that LJB being a relatively small sized company in terms of its employees should reevaluate the costs versus benefits of being a public traded company. It LJB decided to issue stock; they will need to determine how many shares of stock should be sold and the value that should be assigned to the stock. With the internal controls that need to be placed
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Operations Management: BUS 515 November 12, 2011 The control chart helps in detecting and understanding presence of special causes of variation. In order to deal and tackle defects in the products and to make quality products available to the consumers, the control chart for product so prepared by standard material and for product prepared by super plastic would help in understanding the areas to be focused and controlled. The 3-sigma control chart prepared for the standard material clearly gives
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Petroşani, Economics, 11(1), 2011, 187-196 187 INTERNAL CONTROLS IN ENSURING GOOD CORPORATE GOVERNANCE IN FINANCIAL INSTITUTIONS KOSMAS NJANIKE, MARGARET MUTENGEZANWA, FUNGAI B. GOMBARUME * ABSTRACT: This paper assessed factors that influence the internal controls in ensuring good corporate governance in financial institutions in developing economies with special reference to Zimbabwe. The research paper assessed how lack of internal controls affected good corporate governance and aimed to bring
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New York Apartment Price Controls – An Article Review Rent controls began in New York City in November 1943, when rent for all units in the city were frozen at their March 1943 levels as part of the U.S. Emergency Price Act of 1942 (Gyourko & Linneman, 1990). The price controls were altered by Federal Housing and Rent act of 1947, exempting units built after February 1947 from all future controls; New York City continued to price control rent on virtually all apartments constructed prior
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developed too much IT architecture using financial advisory, where R&D and openness keys to development and the culture, while ignoring the environment. Open communication and trust was barricaded and destroyed by ASK (financial IS). The workers were being motivated by fear, much like Geneen in Morgan’s Images Of Organization. From an IT architecture standpoint, numbers based on the finance division depicted the entire company, even the organizational structure. The organizational structure did not align
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