Internal audit

DIAZ V. CARCAMO LEGAL ANALYSIS In a company an employee represents the business and if there is an incident that occurs on the job the company or organization is liable for whatever that occurs. In this paper, we will discuss an issue that transpired between Sugar Transport of Northwest, LLC and a driver for the organization name Jose Carcamo. We discuss the liabilities that the company will be liable due to the employee’s actions. We also will talk about the type of principles-agency…

According to the senior prosecutor Lee Won-seok , president Park Geun-hye was accused of letting her “long-time friend” Mrs. Choi Soon-sil, “who had no official position, intervene in state affairs…”, take advantage of the relationship with her to “pressured on business companies to offer bribes, thus taking private gain”, stated by Harris (2017). On the other hand, according to Zgheib (2015), bribery is “ the attempt of offering,…, soliciting of something else of value to an individual or…

Deaccession One of the many obstacles today that Museums must work around is deaccession. Deaccession is “to sell or otherwise dispose of an item in a collection (Webster). Museums use this method by “permanently removing an artifact/artwork by gift, exchange, sale or destruction from a collection” (Principles of deaccession). A reasonable concern for the artifact must be acknowledged before a deliberation can happen about the removal of an object from a collection (principles of deaccession).…

enjoy special privileges from the Federal Government such as exemption from federal and state income state, credit support from the U.S. Treasury; moreover, they are not subject to standard financial disclosures. Lack of effective and sufficient internal control is also another reason for this accounting fraud in 2003. The accounting scandal of Freddie Mac and Fannie Mae is strongly related to two of the three main points of the fraud triangle, which are opportunity and rationalization. The…

Question 1 Managing the Art of Innovation Assignment Question 1 One of the world's leading diamond mining companies (De Beers), was struggling to find ways to control and minimise diamond theft. As a result, this threatened their business viability due to substantial profit losses at many of the mines at the time. In attempts to start mitigating this problem, De Beers used a combination of physical body searches and conventional x-rays to detect any smuggled diamonds. According to Brian…

Laws Negligence. I. First element. General duty of care imposed to act as reasonable prudent person would in similar circumstances. • The merchandise was not properly secured by the store employees. Camper’s Discount Warehouse has the duty to create inside the store a safe environment for its clients. II. Second element. The breach of duty imposed by statute or by the application of the reasonable person standard. • The store employee did not follow the correct procedures on how to properly…

Ethics is formed by religious, socioeconomic and cultural backgrounds which includes safeguarding, systematizing, and suggesting concepts of wrong and right conduct. Basically, “doing the right things”. Ethical factor states that while certain actions might be both economical profitable and legal, they may be still not be right. Ethics in accounting which means making the ethically correct decision in estimation, handling and correspondence of monetary data about economic entities (A methodical…

What is the DMRP? DMRP is an approved program with a proven and effective process for removing and tracking discrepant materiel from Air Force (AF) supply. The intent of DMRP is to provide AF level support to ensure a closed loop reporting process for removing and tracking discrepant materiel from AF supply. DMRP is responsible for the following: – AF closed loop reporting process – Maintain a single point of entry for discrepant materiel notices – Address suspect materiel, suspect…

go through a legal process on their own, which would cause a major logistical nightmare for the bank (Morran, 2016). So rather than sit back and wait, the plaintiffs in the class action lawsuit are calling Wells Fargo’s bluff, arguing that since the CAA’s are not meant to cover illegal bank transactions, then the bank should have no ability to shield itself from this lawsuit. A recent court filing has even gone to the point of identifying that the CAA does not cover illegal actions and that it…

On March 18, 2017, at approximately (HOURS) I responded to 740 W Osceola Pkwy; Crosslands; Burlington in reference to a retail theft. Upon my arrival, I made contact with Charlie Camacho (complainant/ Loss Prevention) who advised me of the following via verbal and a sworn written statement: Charlie advised me at approximately 1400 hours, he was notified by a LP Greet of a retail theft that occurred on March 12, 2017 at approximately 1347 hours. Upon reviewing the video surveillance footage,…