fraud. 2. a. Executive professionals search/human resource services – a company’s auditing firm cannot also provide employee search services for them. The potential executives have a large amount of power in the company, therefore relating the two can serve as a powerhouse for internal fraud. b. Software design services – if the company’s auditor is the designer of the software being audited, there would be a large amount of bias on the auditor’s part to put the software in a positive light. This
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where is the problem you ask? The problem is the drastic difference in views, ethics and even loyally. The baby boomers are a generation of employees who worked hard and worked hard for one company. The Baby Boomers were focused on the organizations they lead, profit & loss, revenue growth, filling open positions, developing employees, and improving work cultures among myriad other issues related to running a business (Hain, 2013, para. 4). When I think of the boomers, I think of suits and ties
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Past, Present, and Future Growing up I did not have much encouragement to get an education beyond high school. In fact, I swore I would never go college. My words exactly were, “I am not crazy enough to finish 13 years of school just to go back for another 4 or more and have to pay for it!!!” The thought was absolutely ridiculous. Then I started my first job at Sonic Drive In. I saw grown men working hard in the kitchen and sweating over a hot stove all day everyday. Suddenly a college education
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leaders many companies can use this example to help create both a positive and productive working environment. Today many of the larger fortune 500 corporations require their executive staff members to read the book The Art of War by the Author Sun Tzu. Although this book is primarily a strategic military manual it clearly amalgamates military strategy and leadership principles in order to successfully win a war or in modern times to be a financial success. Key factors that can determine a successful
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management company. The most specific courses that I have taken that have helped me prepare for this job would have to be all managerial, marketing, and finance courses. These courses prove that I am able to understand the inner workings of how to run a business, from managing the overall work force goals, to understanding financial statements and understanding how to make the company more marketable to new potential clients. Some of the skills I have that will transfer to this new job are as followed: proficient
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ETHICS IN ACCOUNTING: THE WORLDCOM INC. SCANDAL Conf.univ.dr. Lucian Cernuşca “Aurel Vlaicu” University, Arad, str. Piaţa Sporturilor, nr. 10, bl. 25, apt. 7, 310167 Arad, Phone: 0730468534, luciancernusca@gmail.com What is ethics? What does ethics have to do with accounting? How does a scandal affect the business environment and the society? This article will explain just those questions by analyzing a “famous” fraud scandal: WorldCom Inc. The article discusses the chronology of events
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organizational leadership to alter its goals and effectiveness, by way of strategic variables or necessity. The understanding and significance of theoretical and practical change in organizational leadership is fundamental to the nature and trends of business and government goals and their effectiveness. Organizational leadership is a planned social process that a person or persons in charge, lead or organize groups of people to achieve a common objective. This process may be orchestrated
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least effective employment. According to Kinicki, effectiveness means “to achieve results, to make the right decisions, and to successfully carry them out so that they can achieve the organization’s goals” (5). This simply implies that when one is involved in such employment the focus should be on the success of the company or business. Focusing on two jobs that stood out; one was in the military, I was a lower enlisted soldier in a Transportation Unit (Majority of the things we dealt with were vehicles
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abstinence from drug use. The price of locking up drug offenders rises as the amount of space lessens in our prisons. The cost to put a single drug dealer is about $450,000 and the cost for arrest and conviction is $150,000. The same $450,000 can provide treatment and/or education for about 200 people. In consideration, putting a person in prison produces about fifteen dollars in related welfare costs, for every dollar spent on incarceration. Every dollar spent on treatment and education saves
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and business services to cater for public-sector organisations, participants of local and international conferences, and academic program workshops and seminars. The facilities are as follows: * Accommodation comprising of one Presidential Suite * 128 en-suite guest rooms * Two Restaurants * A 250-seat capacity Conference Hall * Two medium-size 70-seat capacity meeting rooms * Six syndicate rooms * Laundry services Other services provided at the unit are Business Centre
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