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Dilemma of accountant
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TITLE PAGE Name: Divesh Kanwar Student Number: 822-728-176 Course Section: BGMT300 – 1R Ans. 1 Britney MacPherson as the manager of the Winnipeg location of Maple Leaf Shoes is handed over three cases regarding the problems that had occurred in the facility. According to the case the problem that needs to be taken care of first is regarding Paul Bertuzzi warehouse supervisor at the Winnipeg facility. Paul on his training met two other supervisors of different locations who revealed to him a moneymaking scheme of selling the company’s latest shoe designs and production techniques to an overseas shoe manufacturer in return for part-ownership in the business. An auditor of the company discovered about scheme of two warehouse supervisors of other facilities and they were fired. Paul and an employee admitted to be aware of this scheme. This problem is very important to be solved as it is related to the company’s confidential information. The manager needs to look deeply into the problem to find out whether they actually had given any information or they just planned about this scheme. Because in case the information has been leaked the company may have to face disastrous problems as the overseas manufacturer may produce and sell the products at cheaper rates than their company, due to which they may have to plan some new ideas to solve the future problem The Problem that needs the least attention is related to Max MacSweeney a sever year old accountant of the company who has a good repute in the business community. When the company monitored the internet usage of employees, Max was found to be visiting pornographic sites after regular working hours on four different evenings with an average time of 3 hours per visit. He used... ... middle of paper ... ... incident related to misuse of inventory to the manager. He can also be charged of planning to join the scheme later due to which he didn’t reported about the fraud. Ans. 6 The Court can overrule the decision for terminating Paul as he was not involved in the scheme. Due to his honesty he even admitted to be aware of the scheme. Moreover, no fraud was found in his facility and he should be held responsible for the warehouse for which he is in charge. Furthermore, higher management should be held responsible for not keeping an eye on the activities of supervisors at different locations. Ans. 7 From my point of view I would have reported the scheme to senior management. The scheme would have proved very harmful for the whole company and the harm of the company is bad for each and every employee of the company. Many people may have lost their jobs due to this scheme.
I believe that asset misappropriation by accounts payable fraud is occurring at Wayland Manufacturing Company due to a lack of proper internal controls. Making the company’s Chief Accountant responsible for additional day-to-day functions provides him with opportunity to commit by creating fictitious vendors with his information and then creating fictitious invoices. Newbaker can then conceal his fraud by approving the invoices for payment. Employees working at an organization for more than five years are more likely to commit fraud. Therefore, Newbaker’s six-year history with the company has made him trustworthy and very knowledgeable, which could indicate involvement in asset misappropriation. The high employee turnover could represent a past fraudster leaving before getting caught or employees refusing to continue with the asset misappropriation. In addition, the varying monthly accounts payable transactions ranging from the lowest being April 2014 and
AT&T is the biggest American company that has accommodated itself to the pornography boom. Its cable division, AT&T Broadband, distributes to subscribers the explicit porn channel, The Hot Network; and this has unfortunate repercussions in the world of Internet pornography. In the spring of 2001, an interfaith coalition of relig...
Lastly, by holding unlawful job negotiations with a Pentagon official, the Boeing former financial officer was seen to be breaching the utilitarianism principle. Moreover, concealing of the findings of the internal studies regarding gender’s pay further illustrates this ethical lapse in Boeing.
Tryon, G. & Kleiner, B. H. (1997). How to investigate alleged employee theft properly. Managerial Auditing Journal, 12(1), 19. Retrieved May 15, 2005, from ABI-Inform Online
When the car industry comes to mind, you think of Detroit. When oranges come to mind, you think of Florida. When pornography comes to mind, you think of the Internet. Almost everything in today’s society has its place, and the place for the pornography industry is the Internet. Being almost inevitable, pornography has become part of everyone’s Internet experience. Whether its junk e-mail or a nasty pop-up for $3.99 a month subscriptions, its hard to say that there isn’t anyone out there who hasn’t been exposed to Internet pornography in one way or another. One reason for this is the overwhelming size the pornography industry has grown to become. For some, the easy access to the industry has allowed for millions of dollars to be made. For others, this has caused serious problems. Parents who have children know what troubles Internet pornography can bring. Not only do actual pictures and services provide a venue for profits to be made, but software preventing the easy access has became more popular as well.
Was it unethical practices, poor governmental regulations, or bad organizational behavior that lead Kozlowski to make the decisions that lead to the 2005 conviction? Vasile (2004) defined business ethics as “learning what is right and what is wrong and simply doing what is right” (p. 2). However, the actions attached to the decisions are not always as easily derived. In most instances, leaders are faced with making the decision as to what is...
Mr. Steinhafel begins holding twice-daily status meetings, providing tips on how to monitor their accounts, promised zero liability, offer a new technology defenseless to fraud. Consequently, essential information, that the money making managers could have passed on. Some people may be understanding if the pieces of information, on how highly technical and sophisticated the breach may affect any organization at any time. I believe and telling the employees and customers how valuable they are to the
...lse would have had to periodically review Campos’ work. Another simple procedure that could have been used is having a surprise distribution of payroll for selected departments. Instead of the employees receiving direct deposit for that pay period, the company could have printed out every employee’s check from that department for that pay period. This could have led to unclaimed checks which would have led to the discovery of fraudulent employees. Also, having analytical procedures to measure the reasonableness of the Dodgers payroll expense by department might have discovered that certain departments had payroll expenditures that were clearly too excessive. From a company standpoint, having a better budget would have also helped to discover this scheme. There should have been a labor budget which would have helped call attention to the excessive payroll amounts.
The employee should usually seek less harmful ways to resolve the issue first. Employees should usually alert management and executives of wrongdoing before making the wrongdoing known to the public. Management or executives should usually be given a chance to rectify
Huffstutter, P.J.. "Yahoo, MSN Criticized for Offering Easy Access to Pornography." Los Angeles Times 23 Sept. 2001, sec. C: 1-2. Bruckman, Amy.
What is the most ethical way to deal with someone that has embezzled thousands of dollars from you? This paper will discuss how to handle a situation in which you find that a person that has worked for you for approximately twenty years is stealing from you. In a situation like this, you need to consider what is best for the person, the company, and what will bring about the best ending. These are the three classifications are traditionally used in ethics. They classify the basis for ethical decision-making.
Since the invention of the computer and the creation of the internet, technology has come a long way. Computers initially filled up entire rooms to now easily fitting in the palm of the next 10-year old kid, the internet id a platform that is beneficial for the distribution of content such as music and video. Companies across the globe took an early potential the internet had to make them money and push their company 's forward. The pornographic industry hasn 't let this new form of technology pass then by, that can clearly be seen in almost every form of media today with online pornography being one of its most explicit versions. For the past several years, a debate as to whether porn causes negative effects in the individual and social lives
NET failed to recognize or react to either situation. It is imperative to understand that NET was liable for its employees but the employees, as individuals were also liable for their actions. NET lacked the system controls necessary to keep the company liability to a minimum on this issue. Usually with failures such as these, the system internal controls are this company is lacking the most. Ethical behavior among management is key to ethical behavior among employees.
Meantime, pornographic artifacts such as videos and pictures are ubiquitous; they can be found in the sex shop, at the newsstands or even at home through the internet. According to Manning (2005)’s study, he revealed that the global revenues generated from the general pornography was fifty-seven billion dollars in 2005, with 2.5 billion dollars revenue came from the internet sector. He further denoted that the pornography market is now generated far more revenues than other markets such as the basket franchise and professional football (Manning, 2005). A more recent data disclosed by Internet Pornography Statistics (2006) demonstrated an increasing trend of pornography consumption. The global revenue of pornography market was increased to ninety-seven billion dollars in 2006, and China with twenty-seven billion dollars was listed as the top in generating most of the pornography revenues (Internet Pornography Statistics, 2006). Under the facilitation of internet nowadays, it enables a vast range of pornographic products (e.g. images; videos) and offers anonymous access for people all over the world to consume
The Internet came with an abundant amount of benefits for our civilization as a whole. People became more connected and had the ability to access information they would have otherwise never seen. Yet, there is another side to this connectivity a much more malicious side: pornography. Pornography, typically abbreviated as porn, dominates the internet- as many as 12% of all websites are pornographic and the industry is worth nearly $97 billion . With regards to acceptance, some supported pornographic consumption while others rejected it due to religious or moral beliefs. Porn was considered as something that was not very dangerous. This has all changed, however, within the last decade as piles of research highlights the crude effects of pornography, not just on adults, but also adolescents. Porn harms adolescents through obscenity and early exposure to sexual images, this in turn promotes less progressive gender roles and sexual behavior .