Audit committee

The Enduring Power Of Attorney is the one that initiates even if the grantor becomes incapacitated. After a certain age, an individual becomes unable to take decisions of their basic as well as financial transaction. This negatively affects the dependants, service providers and the ones who own the property jointly with the grantor. So, an attorney is appointed for handling the financial decisions and transactions on behalf of the grantor. He/she needs to perform his/her responsibilities…

another authorises the refund to check the validity of it. If not separated, this gives anyone access to cash at the till, increasing possibility of fraudulent activity. 3) Regular audits to account for the transactions within the store is crucial for small businesses who risk employees engaging in theft. This audit if regular can highlight…

There’s no known cure for greed. That said, the fall of Enron was inevitable from its inception, for whichever way the head goes, the body follows and with Ken Lay as the head, one could expect nothing less. Can a rotten tree produce good fruit? My initial response to the movie, “The Smartest Guys in the Room”, was to discuss Lay and Skilling. But a more careful consideration of the matter, I had to admit that they really weren’t the problem, even though they were the deed doers. None of…

Chapter three of “Ethical Dilemmas and Decisions in Criminal Justice” we focused on what is ethical and moral. However now there is a transition from chapter three on to chapter four where now it is explored why a human may or may not be ethical or what may cause someone to transfer from good to evil. Though to be specific we are looking for the light in criminal justice professionals to guarantee they act ethically. As said by Pollock, “Philosophers, religious scholars, biologists, psychologist…

In this case there is an owner Jay Carlos is faced with a major dilemma. He has opened up a business that house the mental retarded and he learned that he is not prepared to handle the heat that is coming from OSHA. The representative comes to the facility and he thinks that his contacts including his attorney have the power to override the demands of the OSHA representative. In the 1970’s when things started to change he learned that in order to operate that facility he needs to provide state…

HealthSouth & Fraud Risk Factors HealthSouth was faced with a number of incentives and pressures that contributed to its fraudulent actions. For instance, the doubling of pretax earnings in 2000 although sales only grew about 3%, management’s commitment to meeting the Wall Street analysts’ expectations, and the significant financial interest and business dealings that the directors had with the company. The financial interest of the directors certainly increased their motivation and drives to…

The first thing I see that could have been more effective with the bad news. Bob Nardelli should have done it in person, not by a letter to the employees (Cardon, 2013). Furthermore, by delivering the bad news in person it would have given the employees a chance to ask questions. For example, about the voluntary packages, the employees may have wanted to know exactly what the packages had to offer. Bob Nardelli, did not give the announcement much time to be considered for the employees. The…

In Miller v. Mills Construction (2003), Mills Construction had contracted with the City of Brookings, SD to construct buildings. Mills Construction subcontracted the erection of a steel clear span to Double Diamond Construction, which is owned by Wilma Miller. In the subcontract, Miller agreed to supply labor and equipment for the project and Mills agreed to supply materials, which they obtained from American Buildings Company (ABC). After beginning the project, Miller noticed issues with the…

You usually need to have a relationship with the company that requires you to keep info confidential. So if I am a board member giving people confidential information, I am liable. Darla does not have a relationship with Cardware that requires her not to trade on insider information. Darla is not employed by Cardware, and she did not steal the information, so it would be difficult to charge her with "misappropriation." There is also another test under the insider trading law. Darla did not pay…

One of the most frustrating involvements we have as humans is the fact that we enter more and more contracts as working adults. Why does everyone seem to want to enter a contract in recent times? Where do we go when things are so convoluted or cryptic in the fine print of a simple download or update. How do we get answers for the contracts that we are aware of moreover, how do we defend against those that we are unknowingly a part of? How challenging might it be for us to interface with a false…