Exchange and Provost

Payroll Scheme A. What measures could have been taken to prevent the fraud committed by Katie Jordan or detect it earlier? o Aramis Properties clearly fell victim to a ghost employee payroll scheme perpetrated by Katie Jordan. (Wells, 2014) The company could have prevented or detected the crime earlier if they added a few measures that strengthen their internal controls. Like most companies that fall victim to fraud, the mangers placed too much trust, in an employee, Jordan’s boss…

Doe Deere is the founder and CEO of Lime Crime cosmetics. The fact is that the makeup company and Deere have heavily influenced the makeup industry. Deere is famous for creating a really strong unicorn vibe around her makeup line. This trend has ascended to new heights in the makeup world. Now, more makeup lines are using the unicorn colors made famous by Lime Crime in their own line of cosmetics. Today, Lime Crime is everywhere. It's in magazines, newspapers, retail stores, and online. In fact,…

Moving along with the documentary, they begin to talk about the operation on the 19th floor which as known as the lipstick building. This was very interesting because no one would suspect anything from a lipstick company. That was very genius of Madoff to do. Inside the building there were 20 to 30-year-old working making millions of dollars a year. Madoff “company” was run by Madoff family members like his two sons and brother. Where the actual fraud was taking place was in the 17th floor by…

filed a private lawsuit against me. To conclude this chronicle of calamitous events, I have been made aware that Cardozo & Co. is under investigation by the United States Department of Justice (DOJ), the Internal Revenue Service (IRS), the Securities Exchange Commission (SEC), the Florida Attorney General, and the Florida Department of Revenue. I must now, as a result of my actions, ask myself: Am I, in any manner, liable under common law? Am I, in any manner, liable under statutory law? May I…

Gold margins are standardized because of adornment+ investment factor. However, quest for greater margins is driving diversification from gold jewellery products. Demand for gold jewellery remains very strong because of cultural traditions, Gold jewellery sales - for weddings, in particular - will continue to generate volume growth for jewellery retailers. Platinum and diamond jewellery sales will generate margin growth. The shift to more profitable diamond jewellery has been smooth because…

I chose the scandals of Bernard Madoff. Bernie Madoff has committed one of the largest financial fraud, Ponzi scheme, in history and 'made a loss of nearly $65 billion. Bernard Madoff is an American fraudster and a former stockbroker, investment advisor, and financier. Bernie Madoff was a well-known and a well-liked man on Wall Street. Madoff had a perfect reputation, not only in the investment market, but socially. He ran an elaborate Ponzi scheme at his investment company, Bernard Madoff…

Lord Moulton claimed ethics is “obedience to the unenforceable” (CS). In other words, ethics are moral principles, rather than written and defined laws, that dictates an individual 's decisions and behavior. In the corporate environment, ethics aids in the ensurance that business will conduct in a trustworthy and respectable manner so clients are treated fairly. However, with the desire and the possible underlying goal to maximizing profits, corporations often are faced with ethical dilemmas,…

of the retailer and not the accountant. In multiple cases, internal controls for these estimations are very limited, as the knowledge to the extent of the discounts and the commercial terms resides mostly with buyer, adding a difficulty to the capacity of other departments to asses the estimations. Furthermore, the compensation of the buyer often involves bonuses attached to commercial income targets, therefore the estimation of the buyer is not objective and can be subjected to personal…

sons, who would late rename the company E.R. Squibb & Sons. Both, began to make moves within industry, creating new products and implementing effective marketing plans. In 1924 Bristol Meyers became a publicly traded company on the New York Stock Exchange. Bristol Meyers began…

Marshall and Wyatt, CPAs is an independent auditor for the publically traded company Interstate Land Development. Interstate has been preparing and filing there own tax returns since Marshall and Wyatt have been auditing their company. While the SEC was processing the registration statement Marshall and Wyatt received a subpoena directing them to turn over all the working papers relating to Interstate for the year 20X2-20x5. They initially refused to turn them over because they did not prepare…