Financial planner

intelligence community, a factor that had been a driving factor was financial instability, or even greed for the matter. (Kramer, Heuer jr, Crawford 2005, 26) This poses an ability to determine potential threats beforehand with the vetting process, meaning in the background interview the detection of financial mishandling or even the past delinquent financial actions can show a instance where a person may become an insider threat based upon financial gain.…

management is responsible for providing an assessment of internal controls as part of the yearend audit regarding the effectiveness of internal controls. SOX section 406 states that a strong Code of Ethics should be put in place and adhered to by senior financial officers. Phar-Mor fraud was carefully carried out by corporate management and executive from the very top. It is extremely improbable that the SOX standards described above would have been effective in detecting the fraud. If the…

1. Maintains an exact replica of one disk on another offering 100% fault tolerance. 2. Data redundancy - If one disk fails, data can be recovered from the other. 3. Fault tolerance - Even when one disk fails, the other one can continue functioning and the system continues to function. 4. Quick recreating data when a disk is replaced 1. Reduced data storage capacity a Raid 1 disks capacity is half the physical disk capacity. 2. Raid 1 is slower as it does not improve read or write speeds. 1.…

In 1999, Richard Scrushy overstated HealthSouth’s earnings by at least $1.4 billion in order exceed the expectations of Wall Street earnings. During this time investors and lenders were more concerned with revenue than profits. Generally Accepted Accounting Principles (GAAP), stated if policies and procedures were not violated then they are considered legal, and ethically adequate. This allowed HealthSouth to meet expectations of analyst for 40 consecutive quarters, by using creative and…

Donald Cressey’s “Fraud Triangle” is a classic model used to clarify a widely-supported hypothesis of why the occupational offender commits fraud. (Sridhar Ramamoorti , Daven Morrison ,Joseph W. Koletar, 2009)According to the ACFE, occupational fraud is“the use of one’s occupation for personal enrichment through the measured misuse or misapplication of the employing organization’s resources or assets. The source of fraud lies in voracity and the opportunity for deception. It has severely…

In 1857 “a third son of William, Thomas Shields Bisland purchased Fairfax Plantation, located in St. Mary Parish from Joshua Baker” … the father-in-law of Thomas’ brother, William Alexander Bisland. “Baker, who served a brief term as a military governor of Louisiana in 1868, played an important role in the maintenance of the Bisland plantations during the war.” Scarborough speculates his appointment as a Unionist Governor during Reconstruction helped to keep Hope Farm and Aragon as working…

Background- Positive Confirmations: Before we perform our audit of Simply Soup Inc.’s cash balance, the audit associate examined the bank reconciliation statement established by the client, and the test shown some supports for the management assertions to the cash balances of the company. Although the test shown some support evidences for the cash balances of Simply Soup Inc., it’s more reliable to test support documents from external sources. Therefore, we have to request the cash…

The fraud perpetrated at Rite Aid could have been detected through the reconciliation of liabilities with monthly statements from the creditors. By reconciling the liabilities with the vendors’ statements, the auditors would have been able to detect any omission of liabilities or the reversal of expenses as was the case at Rite Aid. Also, the auditors could have used analytical procedures such as ratios for the year of audit and compared it to prior periods to detect unusual patterns or trends.…

America: Riveting Prospects, the article written by Ed Crooks, discusses the issues within the United States lack of exporting goods. He briefly touches on five reasons why our economy is not quick to jump at the opportunity that trade can bring. Here within I will discuss those five areas along with my opinion on international commerce. 1. The United States are not custom to selling internationally. Mr. Crooks speaks about there only being 1% of goods exported to other countries at the time…

The overall attractiveness of the industry is moderate. As a whole, the audio entertainment industry provides hundreds of thousands of jobs directly and indirectly. As a consumer, the attractiveness of this industry is high. The consumer has the ability to choose between the programming of AM/FM, internet, and satellite radio, based on their likes and dislikes, vis-a-vi payed programming versus commercial programming. The attractiveness remains high on the part of the consumer due to their…