Audit

During the inspection of documents related to the construction project in Atlanta, Ga., I was able to detect a lack of segregation of duties, all the responsibility for hiring employees and operation of the project, rests with one person, the foreman of the project, who is in charge not only of observe that the job is completed but also of the administrative area of the same. Some of the failures that have detected, as result of too much pressure on the foreman is that there is no way to locate…

I am an accountant, who has asked by Denise Cook to provide her with advise. The Cook family had received their financial statements and they were concerned about some aspects of the statements. The Cook family believes that Mr. Ngo isn’t acting in good faith and is trying to cheat the Cook family of money that is rightfully owed to them. It is my job to provide a detailed report that analyzes aspects of the financial statements. My objective is to analyze the financial statements and report on…

At the meditation, I am confident the BMI’s counsel Mike McAuliffe will be prepared to articulate why the claims against BMI are lacking in merit. LMI adopts all of BMI’s liability arguments to the extent that the plaintiffs’ risk of an adverse adjudication reduces the net value of this litigation. Of the plethora of alleged defects, the contentions relating to the cast stone masonry of the building present the greatest potential exposure to LMI’s insured. Nevertheless, these allegations…

The important of redundancy issue of collection in the intelligence community. Redundancy can affect the budget, resources, capabilities, sharing information between agencies. Redundancy can cost the intelligence agency more because it will increase using resources, equipment’s, trained collectors, joint support elements, time to process the information, and make the agency insufficient in the operations. Redundancy can create an atmosphere on not looking deep to any case, by assuming that…

In this case Philips relied on the valuation that Stamp Champ made and the fact that the stamp was not damaged, in order to buy it. Because of the intentional or unintentional failure to disclose this material fact about the stamp Phillips lost $7800 that he paid for the stamp. If Phillips can prove that Stamp Champ knew about the water damage done to the stamp and decided not to disclose this to him at the time of the sale it constitutes Fraudulent Nondisclosure. In the case that he can’t prove…

Critical Legal Thinking Case Study 1 Sterling, Inc. vs NoBugs The purpose of this report is to present advantages and disadvantages of a lawsuit regarding the breach of contract between NoBugs and Sterling, Inc. Furthermore, we will discuss the pretrial planning should Sterling, Inc. decide to sue NoBugs. First we must evaluate the cost for Sterling, Inc. to move forward with a law suit against NoBugs. In addition to the financial loss in excess of 20 million for loss of profits, expenses…

It’s common of people to use their phone while driving but widely dangerous. Driving while using a cell phone can have your life in danger in a matter of seconds as well as innocent people as well. Banning the use of cell phones while driving should be enforced in full effect, driving and using your cell phone can automatically put your life in danger and possibly life term injury. Throughout the years there has been an increase number of deaths due to the use of cell phones use while driving,…

One of the internal control deficiencies that found in Societe Generale is the incapability of back office in detecting and inspecting the fraud activities. Based on the case study, we know that the back office staffs are unaware about the responsibilities to disclose the abnormal or significant transaction to their supervisor, because it is not specifically stated in their job description. Besides that, even though the back office staffs have discover some abnormal transactions that may cause…

On the schemes done by Walt Pavlo, many ethical problems were occurred and it will be figured out based on six hyper norms consisting of honesty, fairness, compassion, integrity, predictability, and responsibility and determinants of reputation which are credibility, reliability, trustworthiness, and responsibility. Because of the lapping, account receivable which involved the fraud did not show as old aging receivable. Generally, it can be easily done by a smaller business which has one…

This became a major issue due to the fact that in order for NAGPRA to apply, Native American tribal groups must be able to provide evidence that the remains discovered had been buried on what was once or currently. Thus in the eyes of the Native American community, to deny their claims of being the descendants of the Kennewick man equates to denying their religion and traditions. (Jones 2005 cited by Sayer 2010: 112). This is due to the fact that according to oral tradition and religious beliefs…