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Fraudulent financial reporting typically involves
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According to World Bank Report (2008), record keeping is a fundamental activity of public administration. Without records especially financial records such as; Vouchers, Vote books and Cash books, there can be no rule of law and no accountability especially when it comes to the financial records such as the financial statements because they are essentially needed by the officials when making accountabilities for the goods or services undertaken.
Ashbaugh-Skaife et al (2009), public servants must have information to carry out their work, and records represent a particular and crucial source of information. Records provide a reliable, legally verifiable source of evidence of decisions and actions. They document compliance or non-compliance with laws,
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This is especially for clients with long-term or complex needs, or who require multiple services. Accurate and up-to-date recording is important especially when there is an emergency and the staff-in-charge is not available (due to illness, vacation, resignation, etc.). Good records and documentation will facilitate communication between service providers to ensure coordinated, rather than fragmented, service.
Ashbaugh-Skaife et al (2007), clearly understood reporting mechanisms exist to alert senior management to new and changing risks regarding financial statements, reliable controls are embedded in day-to-day operations to manage risks and to enable compliance with relevant legislative financial management requirements , ineffective or unnecessary controls are identified and replaced/corrected to reduce costs and/or reallocate resources and adequate monitoring of internal controls is in place to ensure that they are applied effectively and appropriate action is taken when control breakdowns are
One must understand that the integral core of a company rests in its accounting and financial areas. The departments’ need employees with an advanced knowledge and skill set to ensure the payment of supplies and accounting on the expenditure is correctly recorded. If the accounting desk presents inaccurate spending calculations on behalf of the company, it could result in spending more than what has actually been earned; this could lead to the company not only being unable to increase in revenue, but also experience loss. It is imperative that the management of the financial department is well informed and able to make decisions by taking into account the usage of every coin stated in the expenditures, and also to know the amount of revenue the company is making so that we can plan on better strategies to improve the revenues (Lu, Madu, Kuei & Winokur, 1994).
The two reasons records and documentation should be correct is for legal purposes and administrative purposes. It helps to be able to look back on your records for further information on each client.
The oversight responsibilities of the board, the CAE lacking of expertise or broad understanding of financial controls and responsibilities, and the understaffed internal audit functions lacking of independence and direct access to the board of directors contributed to the absence of internal controls. To begin with, the board should be retrained to achieve financial literacy to review financial reporting. Other than attending formal meetings, the board of directors should be more involved with the management. For the Audit Committee, the two members who were recruited as acquaintances to Brennahan need be replaced with experts who are more sufficiently knowledgeable about accounting rules beyond merely “financially literate”. Furthermore, the internal audit functions need to expand with different expertise commensurate with the expanded activities of the organization, testing financial reporting rather than internal controls from an operational perspective. The CAE should be more independent and proactive to execute audit plans, instead of following orders from the CFO, and initiate a direct and efficient communication between internal audit and audit
Every patient's medical records are different some contain more information due to their medical history. If a patient has alot of problems and have been treated then their file would have more information . Certain records also contain history of complaints and procedure, few records have photographs with a short summary of what is present. Medical records can be electronically stored , traditioanlly handwritten and even voice recorded. Medical records that are written on paper and kepted in folders are divivided into informative sections It contains medical terminology terms that any person in the medical field can read It should be written in either black or blue ink. Each provider should always document the evaluation and results of every visit during the visit. It is prohibited to pre-date or backdate an entry. If there is to be a mistake written in a wrong patients file it should be dated and signed by the person that is revising the file; this shows proof that it was corrected..
Paper work is very important in human services area, not only because it help you keeping record of client issue, but also many agency is require by the governmental level. When you meet with client for the first time it call a intake interview, which might include demography information, such as name, day of birth, address, telephone and parent or guarding name. When doing an intake also medical or mental health issue is collect, buy obtain all this information it help the professional worker to have a better understanding on what areas the client might need help. Paperwork is also helpful to maintain record for belling purpose, also for any audits from agency like (OMH office of mental health) or (JACOBS commissioner), this two agency are very strict went it come to paper
Electronic medical records not only effect health care professionals, but the patients of those health care providers as well. However, nurses spend the most time directly using electronic medical records to access patient date and chart. Nurses now learn to chart, record data, and interact with other health care providers electronically. Many assume that electronic means efficient, and the stories of many nurses both agree, and disagree. Myra Davis-Alston, a nurse from Las Vegas, NV, says that she “[likes] the immediate access to patient progress notes from all care providers, and the ability to review cumulative lab values and radiology reports” (Eisenberg, 2010, p. 9). This form of record keeping provides health care professionals with convenient access to patient notes, vital signs, and test results from multiple providers comprised into one central location. They also have the ability to make patients more involved in their own care (Ross, 2009). With the advancement in efficiency, also comes the reduction of costs by not printing countless paper records, and in turn, lowers health care
Documentation has been explained by so many authors and many studies have been done concerning it. According to Kammie Monarch JD,R.N. Documentation can protect nurses against allegation of negligence and malpractice, preservation of medical records and mistakes commonly made in charting that leave nurses vulnerable to law suit.
Management accounting in organisation is very important for decision-making and to make the business more efficient and therefore increasing its profits. Is the process of preparing accounts that can help managers to make day-to-day and short-term decisions, by providing them with accurate and timely key financial and statistical information...
...and negative outcome for the organization or end user. But if we use the right way to manage the records, even any of the problems that we faced, we can come up with the solution. Other than that, it is safe to say that the volume of the documents and records within the company will continue grow because of the electronic technologies that make it exceedingly fast and easily to create the new documents. New document types, as well as formats will need to be captured, classified, declared and stored according to a records retention schedule. Electronic records management systems will become even more important for maintained overall document management strategy and be more tightly integrated with the tools and systems used by knowledge workers. With the use of technology, it can improve the management of recordkeeping, as well as for the improvement of records form.
A person needs to be able to document numerous amounts of information in a neat and organized manner in the most accurate way possible. A nurse in the field needs to be able to organize medical records and provide the information needed to help improve the quality of health care to the patients. For providing the health care personnel with accurate information is important to delivering quality care to the patients and improve job performance of other nurses, doctors and other medical staff and
1. The purpose of this response is to assert the active role of public managers in policy making. By using their technical, analytical and managerial skills public managers can be effective in the policy process and just in implementation.
...This is necessary to help record a medical workers to work more effectively and efficiently for better service and also to improved results management and patient care with a reduction in errors within your medical practice.
The recording of accounting history allows for research of a high calibre and quality to be developed. If developments and research of the past were not recorded
Public Administration and business administration can be described as being two different faces of the same discipline. There are several areas where a comparison between the two can be made, the most apparent being efficiency. Attention to profit and the bottom line is more the area of business administration, the less human focused of the two. Business administration is more dependent on other corporations and uses other companies to help deliver its product. Public Administration, on the other hand, is somewhat harder to define, it is interdependent and is motivated by the common good rather than by profit.
Documentation is a form of communication that provides information about the patient and confirms that care was provided to that patient. Some reasons why nurses document is for communication and continuity of care of the patient and by that it means clear, complete and accurate documentation in a health record ensures that all those involved in a client’s care, including the client, have access to information upon which to plan and evaluate their interventions. Next, quality improvement/assurance and risk management through chart audits and performance reviews documentation is used to evaluate quality of services and appropriateness of care. Additional reason is it establishes professional accountability because documenting that is showing a valuable method of demonstrating that nursing knowledge, judgment and skills have been applied within a nurse-client relationship in accordance with the Standards of Practice for Registered Nurses. Another purpose is for legal reasons the client’s record is a legal document and can be used as evidence in a court of law or in a professional conduct proceeding. Courts may use the health record to reconstruct events, establish time and dates, and refresh one’s memory and to substantiate and/or resolve conflicts in testimony. Although you may never be named as a defendant in legal case, you may be called to testify at a discovery or