Mogel’s Incorporated had multiple issues that produced the opportunity for Stefan Winkler to commit the crimes that he carried out. The main issue was the amount of access to Mogel’s assets Winkler had. As a result of this access and know how, Winkler had all opportunities in the world to steal as much as he did. If Mogel Inc. would incorporate a few tactics to strengthen their internal controls they could prevent this type of fraud within their business. Stefan used multiple types of skimming…
These relationships happen at school, parties, family gatherings, etc. and it is important to be able to trust anywhere you go. One of the most crucial, important places to be able to trust is in the workplace. Trust plays into many internal and external situations in the workplace such as when working with teams, doing purchase order requests, individual ethical behaviour, commitment, and simple morals of each individual. For example, think about this…. Joe is a Chartered Accountant and is…
Increasing access to quality education, including the marginalized would lead to development, reduces poverty, improve the wellbeing, and freedom of people. Constantly, denied quality education access for the marginalized children, according to Stark (2009), compels them to a limited life span. Children from poor families suffer from poor health, malnutrition, school uncertainties, dirty water, and poor sanitation, and above all, they are exposed to illness, exploitation, injustice, abuse,…
1.7.3 Risk Management ( Abdul Rasid, Golshan, Ismail & Ahmad, 2012) defined risk management, it involves managing to achieve a proper balance between realizing opportunities for gains while minimizing losses. As this definition implies, risk management is an integral part of a good management practice and an essential element of excellent corporate governance. Risk management is a repetitive process that constitutes steps that when performed; it facilitates improved decision-making and…
impact on the sufferer system. Meterpreter also makes use of a centralized communication system. (Offensivesecurity.com). Unlike other penetration testing tools like core impact, Metasploit Framework continues to be the free and open source, notwithstanding being acquired by Rapid7. The Express versions of Nexpose and Metasploit start at $2,000 and $5,000, respectively, with the full-featured Pro version starting at $15,000 per year. The price and comprehensive analysis of the Metasploit…
__________ is an organization structured around the idea of sharing knowledge, seeking knowledge, and creating opportunities to create new knowledge. A. A global company B. A modular organization C. An ambidextrous organization D. A learning organization Correct! The correct answer is: D. Concept: STRATEGIC CONTROL Concepts Mastery STRATEGIC CONTROL Questions 0% 10 10. Which of the following types of strategic control has a low degree of formalization? A.…
Corporate Governance The main bedrock of any successful economic unit( individual, firm ) be it private or public is to have an effective and efficient corporate governance system in place. There should be proper separation of power between the chairman, the managing director, the board of directors etc. Corporate governance can be defined as the process by which business organizations are managed and controlled. It can also be…
computers, sending relevant information to its employees in multiple locations. This also includes training material and customer service programs. Since Foot Locker operates in multiple regions and states, this would require the company to be aware of external factors contributing to market fluctuations. Foot Locker seeks to operate in high urban, high traffic retail areas. These areas include malls, shopping centers, and mass retailers. This would require information systems to gather relevant…
important role in the board and willing to dedicate time and energy for their responsibility. Second, the audit committee should understand the role of each party participate in the auditing process, including the management, the internal auditors and external auditors, and the interaction among these parties. It should be able to communicate independently with each party and design the appropriate mechanism to ensure the accountability of these parties. Finally, it needs to have frank and…
As a director, he was required to act, exercise and discharge his duties in accordance to Section 180, Section 181, Section 182 and Section 183 of the Corporation Act. He however failed to do so, for example when he authorised the issue of a prospectus by HIH Holdings (NZ) Ltd for the purpose of raising up $155 million of convertible notes to assist HIH in funding the takeover of the FAI. The prospectus failed to disclose the effect of a simultaneous transaction between HIH and Societe Generale…