Financial audit

Wells Fargo faces a civil lawsuit filed by Mike Feuer, Attorney of the city of Los Anglos. Wells Fargo is accused of unethical behavior by setting impartial sales targets for its employees. The company enforces quotes that were nearly impossible to meet which triggered unethical and fraudulent tactics. Under tremendous pressure due to impartial goals, Wells Fargo employees adopted fraudulent methods for meeting these goals. Investigation findings showed evidence of bankers opening unauthorized…

Have you ever faced a challenge that might have took years to complete? Well, for authorities in the articles " Isabella Stewart Gardner Heist: 25 years of theories", and " National Treasures: Recovering Artwork owned by U.S. Government," they faced some pretty tough challenges. The authorities in these article face a challenge to find the missing and stolen art work from many years ago. It took them years to find the missing and stolen artwork that belonged to either a art museum or the…

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Problem Alistair, a chief legal officer, is responsible for insuring that his firm, a pharmaceutical company, upholds high ethical standards. After a thorough review of the firm’s European offices, Alistair has declared a clean sheet; however, he has heard of “the Bosnia contract.” By all appearances “the Bosnia contract” is a charitable endeavor by Alistair’s company to supply needed aid kits to worn-torn Bosnia, except for one. That exception is that there is a large commission paid to the…

will help develop the culture of the business in a subtle manner. An important factor for an ethics and compliance program is to include processes to measure its performance. The following will explain the processes AlphaTech will use to monitor, audit, and report employee misconduct. Monitoring: Measure and procedures to be used to monitor employee misconduct Surveys will be used to understand the general awareness of the employees of AlphaTech ethics and compliance program. The amount…

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…

with losing integrity and responsibility. Restructuring account receivable made the company to lose credibility and integrity and the accounting staff lost honesty. Also if financial reporting manipulated as outstanding accounting balance was disappeared, it is hard to say there are reliability and trustworthiness to the financial report and the company. Using “cash in transit” was not proper entry and it was just for reduce accounts receivable. To this wrongful statement did not have…

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…

1). The requirement of section 301.4 of the Sarbanes-Oxley Act of 2002, the audit committee of a public company needs to establish procedures for the receipt, retention, and handling of complaints received by the company regarding accounting, internal controls, or auditing matters. They are also required to establish procedures for those complaints to be treated confidentially, and for the submission process, the employees can submit anonymous their complaints about the accounting or auditing…