Audit committee

possibility of fraudulent accounting activities by corporations. However, there are a few disadvantages according to "Connect Us". One of the main disadvantages is that it is very costly to both small and large corporations with can result in higher audit fees.…

SATYAM SCANDAL- INDIA’S OWN ENRON The Satyam Computer Services Limited company’s wrongdoing is a corporate scam that occurred in India in 2009 where the chairman, Mr. Ramalinga Raju revealed that the company’s accounts had been falsified. Background In 1987, Ramalinga Raju established Satyam, with his brother and brother in law, for providing software development and consultancy services to large firms. The company became public in 1991 and was listed on the Bombay Stock Exchange (Balachandran…

Chapter 25: The Joint Meeting of the Two Bureaus of North Kalimantan Communist Party Central (August 1972) In August 1972, the Secretary of the North Kalimantan Communist Party Central 2nd Bureau, Huang Ji Zuo came to the First Division coastal area. All members of the Party Central 1st Bureau, including Lin He Gui, his wife and I, came from Matang forest area to the coastal area to meet him. There would be a joint meeting between the Party Central 1st and 2nd Bureau. The meeting was…

The risk that are likely to be met by Jackson is, if he fails to make a real collaboration that is sound both in selectivity and accountability, the president might decidedly call off the knowledge sharing application which is something that is of great importance to Jackson in his position as the information officer of the company. There is the uncertainty as to whether the firm would be able to live up to the expectation if it were to be selected as a provider. The other dilemma that is faced…

Overview Fraud has become common occurrence in business world. And organizations lose considerable chunk of their hard-earned revenue to fraud. Prevention and Detection are two methodologies to handle a white-collar crime like business fraud. Wisest approach towards any illegal and inappropriate activity is to prevent it from occurring in first place. Prevention is the most economical way of tackling fraud. Barriers to Fraud Prevention Fraud prevention is challenged by several barriers which…

According to Hopkins and Gross (2010), the governing board plays a key role in how the nonprofit is controlled and handled. Based on how the organization is setup will determine how the governing board is selected, however, since they are the gate keeper of the organization (Hopkins & Gross, 2010), it would behoove the organization to have board members that are financially literate as it relates to business and budgets. Budgets are generally completed annually and the numbers should equate to…

5. The next day, Wilson asked Rifkin if he should refer Complainant to him directly. Rifkin didn’t want that either “no, we definitely don’t want to get the Legal Department in the middle of this.” If the “alleged incident” didn’t happen at RHD or during work hours, “there is nothing we can or should do legally.” Wilson wrote back on June 24 at 9:11 am, even more confused. Rifkin replied at 9:26 am, telling Wilson that he was not to investigate the incident. “I didn’t want to imply that you need…

36. a) Yes, because even though Peterman only provided Fogelman with a contract of agency that allowed him to sell the home, it can be inferred that he is also allowed to sell the piano that was still in the home. It does not have to be explicitly stated in the contract of agency. b) Yes, because it would be reasonable for a third party to assume that Fogelman is allowed to sell the piano that was still in the home, in which Peterman gave him the right to sell through a contract of agency.…

Alecia Swasy, a Wall Street Journal reporter, got a call in August 1991 from a former Procter & Gamble manager. He informed her that the police wanted to know what their previous conversations regarding P&G were about. The reason why this was happening because he was being investigated by Cincinnati fraud squad investigator Gary Armstrong. He was a part-time security guard for P&G and happened to have records of recent long-distance conversations, some which included calls with Alecia Swasy…

This article discussed how any archaeologist can treat house-floor assemblages at any site like the Pompeii systemic inventories. Schiffer points out that archaeologists need to make a difference on how they decide to deal with cultural artifacts that were found in archaeological sites. Schiffer’s point was to establish why there are many reasons why an artifact might be found where it is. He also wants to demonstrate and explain why de facto assemblages are depleting. Michael Schiffer states…