External auditor

Drake Unlimited, LLC (DU) seeks to minimize risk of fraud and misconduct in the organization. Establishing an effective “tone at the top” is key to achieving optimal performance and integrity of financial reporting. The behaviors and actions of management illustrate the organization’s tolerance of deviant conduct. Thus, management is responsible for setting the appropriate example for the organization. This memo describes the importance of demonstrating ethical values and a culture of integrity…

The Fall of Enron-An Analysis of Ethical Issues ENRON & ARTHUR ANDERSEN ETHICS ESSAY The Fall of Enron An Analysis of Ethical Issues Xiaomeng Wang 1. Introduction Although Enron went bankrupt and disappeared ten years ago, the impacts it has made on the ethical standards never faded. It took Enron 16 years to go from about ten billion dollar assets to more than sixty-five billion dollar assets, and took twenty-four days to go bankrupt. (McLean & Elkind, 2004) Enron, which once…

Such immense faith and commitments is invested in the leader. The leadership in Enron was aimed to creating an aura of charisma among the leaders and eventually creating major defects identified in (Conger, 1990). The leaders cultivates a compelling and captivating self image, enjoy a lifestyle of great luxury, has total authority and build their eminence and maintain their grip on their followers. As such immense faith and commitment is invested in the leader. Enron’s leadership aimed at…

frequently has several subsystems, depending on the kind of organization. These include systems to assess earnings, costs and profits, auditing systems for both internal and external functions and systems to manage funds. A fiscal MIS can also be used to prepare reports for third parties, such as investors or external auditors. Upgrading info in the database also is not difficult. For instance, if a customer 's address changes, only one man has to input the info that is new and the whole…

in trust which has become payable to third parties; further, members who hold trust money must keep such books and records that correctly record and explain the transactions in the trust account and have the account audited by an independent external auditor at least…

3.0 Ethical and legal issues in CI During competitive intelligence process, Popular Bookstore needs to deal with ethical issues in term of privacy, accuracy, property and accessibility (PAPA) which introduced by Dr. Richard Manson in 1986. According to business dictionary, ethical issues refer to the problem or situation that requires a person or organization to choose between alternatives that must be evaluated as right or wrong. 3.1 Privacy Privacy is the right of individuals to keep…

with outside counsel, and the Executive Board carries out strategies and policies placed by the Board of Directors. Nestlé’s Creating Shared Value Council is what provides guidelines for Nestlé’s position in society and behavior, governed by 12 external experts assessing progress, corporate social responsibility, sustainability etc. The Nestlé in society board, of which Bulcke is chairman, sees to the implementation of strategy, working to assure that all economic activity of the firm cohere to…

performance shows that it has an effective marketing strategy and stable market share and not to mention is under the leadership by a group of innovative and creative management team and board of directors. The Company consist of 2 secretaries and the external auditor for the company is Ernst &…

Company Analysis Part 4 Long-Lived Assets What are the key long-lived asset and related expense accounts for OI? Long-lived assets refer to non-current assets that companies use in several operating cycles and might include land, equipment, building and fixtures (Johnstone, Gramling and Rittenberg 561). Owens-Illinois has the following key long-lived assets; land, buildings and building equipment, factory machinery, transportation, office and other miscellaneous equipment. According to…

operator of luxury hotels. Four Seasons operating model is each property is a profit center. Furthermore, to achieve their objective they have set very high standards to achieve and maintain in each department. Moreover, they have internal and external auditors to assess whether each property is performing as per set standards. Going even further this objective is built in the performance management and compensation aspect for each general manager. Furthermore, we can say with conviction that…