Single Audit

Chapter three of “Ethical Dilemmas and Decisions in Criminal Justice” we focused on what is ethical and moral. However now there is a transition from chapter three on to chapter four where now it is explored why a human may or may not be ethical or what may cause someone to transfer from good to evil. Though to be specific we are looking for the light in criminal justice professionals to guarantee they act ethically. As said by Pollock, “Philosophers, religious scholars, biologists, psychologist…

In this case there is an owner Jay Carlos is faced with a major dilemma. He has opened up a business that house the mental retarded and he learned that he is not prepared to handle the heat that is coming from OSHA. The representative comes to the facility and he thinks that his contacts including his attorney have the power to override the demands of the OSHA representative. In the 1970’s when things started to change he learned that in order to operate that facility he needs to provide state…

Dallas Gold & Silver Exchange, a jewelry company, created and filed with the Commission materially inaccurate financial statements since 2009. I. John Benson, the Chief Financial Officer of DGSE, was found to manipulate the amounts of inventory for 2009 and 2010 by inflating millions of dollars (Jacobson, 2012). He exploited the inappropriate controls of DGSE and made some fraudulent accounting entries; He concealed them with false inventory details and management representation letter. Mr.…

HealthSouth & Fraud Risk Factors HealthSouth was faced with a number of incentives and pressures that contributed to its fraudulent actions. For instance, the doubling of pretax earnings in 2000 although sales only grew about 3%, management’s commitment to meeting the Wall Street analysts’ expectations, and the significant financial interest and business dealings that the directors had with the company. The financial interest of the directors certainly increased their motivation and drives to…

The first thing I see that could have been more effective with the bad news. Bob Nardelli should have done it in person, not by a letter to the employees (Cardon, 2013). Furthermore, by delivering the bad news in person it would have given the employees a chance to ask questions. For example, about the voluntary packages, the employees may have wanted to know exactly what the packages had to offer. Bob Nardelli, did not give the announcement much time to be considered for the employees. The…

In Miller v. Mills Construction (2003), Mills Construction had contracted with the City of Brookings, SD to construct buildings. Mills Construction subcontracted the erection of a steel clear span to Double Diamond Construction, which is owned by Wilma Miller. In the subcontract, Miller agreed to supply labor and equipment for the project and Mills agreed to supply materials, which they obtained from American Buildings Company (ABC). After beginning the project, Miller noticed issues with the…

You usually need to have a relationship with the company that requires you to keep info confidential. So if I am a board member giving people confidential information, I am liable. Darla does not have a relationship with Cardware that requires her not to trade on insider information. Darla is not employed by Cardware, and she did not steal the information, so it would be difficult to charge her with "misappropriation." There is also another test under the insider trading law. Darla did not pay…

One of the most frustrating involvements we have as humans is the fact that we enter more and more contracts as working adults. Why does everyone seem to want to enter a contract in recent times? Where do we go when things are so convoluted or cryptic in the fine print of a simple download or update. How do we get answers for the contracts that we are aware of moreover, how do we defend against those that we are unknowingly a part of? How challenging might it be for us to interface with a false…

possibility of fraudulent accounting activities by corporations. However, there are a few disadvantages according to "Connect Us". One of the main disadvantages is that it is very costly to both small and large corporations with can result in higher audit fees.…

SATYAM SCANDAL- INDIA’S OWN ENRON The Satyam Computer Services Limited company’s wrongdoing is a corporate scam that occurred in India in 2009 where the chairman, Mr. Ramalinga Raju revealed that the company’s accounts had been falsified. Background In 1987, Ramalinga Raju established Satyam, with his brother and brother in law, for providing software development and consultancy services to large firms. The company became public in 1991 and was listed on the Bombay Stock Exchange (Balachandran…