Forensics Business - Case Study

In: Other Topics

Submitted By ahmehndah
Words 719
Pages 3
Fraud is bred in an environment that consists of low morals, lack of controls and accountability, and high pressure; this will result in a high fraud environment where fraud is most likely to occur. “A fish rots from the head down”, this is a common phrase used to define leaders of an organization or state who is the root cause of a mishap, or in Caterpillar’s case, fraud. When fraud occurs, the top management is also responsible for it indirectly; one of the most widely used measures to prevent fraud is by cultivating a culture that encompasses morality, acceptance and assistance. The three factors in creating a low-fraud environment are; hiring honest people and providing fraud awareness training; creating a positive work environment; and providing an employee assistance program (EAP).

Hiring honest people and providing fraud awareness training
Although it is impossible for employers to completely barricade against recruiting fraudulent employees, there are still certain precautions an employer can adopt to detect symptom of potential fraud. For example, in Caterpillar’s case, their first and foremost action to take is to verify potential interviewees’ resumes and certifications.
Grad School Hub
Deducing from the statistics above, a large number of people are “stretching the truth” about their work experience and accomplishments. Some other companies have conceived various strategies to counter this, for example; using systems to detect credit debt of their potential employees; comparing fingerprints to identify any criminal records; in extreme cases, hiring of private investigators are also used to find out the background of the potential employee. Needless to say, training of interviewers to conduct skillful and comprehensive interviews are imperative. After recruitment, Caterpillar should also provide employees with a fraud awareness program that educates…...

Similar Documents

Business Research Case Study

...Business Research Case Study QNT/565 April 1, 2013 Subas Nandy, Ph.D. Business Research Case Study The following business research case study is decision-making within the workplace of a new supervisor. Because of the closing of the workforce center that Frances Holden was working, she was relocated to the Northeast location where her El Paso area supervisor, Mano, resides. Frances could not relocate to the new yet until the expansion is completed. On February 22, 2013 Frances and her coworker, Jimmie, was relocated to the Northeast workforce center. The plan was for Frances to work at the center for two weeks, have her knee surgery, and by the time she return back to work she will be able to relocate to the new center with her supervisor and coworker. During her two weeks at the Northeast center, Frances noticed the change in operation and the unethical way the previous supervisor, Frank, was giving himself credit for clients he did not see. The work study staff was seeing the clients and providing them job referrals. Frances first day working, a work study gave her a piece of paper of what he did with a client such as job referrals. Frances politely inform the work study that she could not enter services into the computer if she did not see the client. Frances observed that Frank (he was the only one working at the center until more staff came onboard) did not start seeing clients until 9:00 a.m. and not after 4:00 p.m. The staff were taking anywhere between an hour......

Words: 936 - Pages: 4

Case Study #01 Acc-574, Forensic Accounting

...of the business operation (net income) were all accounted for, by using generally accepted accounting standards and procedures, in accordance with the generally accepted accounting principles. May 19th 2005, on forbes.com, in the section of the faces in news comes that “Richard Scrushy, ex-CEO of HealthSouth, has been accused of allegedly masterminding a $2.7 billion earnings misstatement at the rehabilitation and medical services company. He is also accused of conspiracy, false reporting to the U.S. Securities and Exchange Commission, multiple fraud counts and money laundering. Scrushy faces millions of dollars in fines and a maximum sentence that may near life in prison, if convicted of all counts.”(1) According to the above-mentioned case in 2003, the U.S. Securities and Exchange Commission (SEC), filed civil charges against HealthSouth for misleading public investors by presenting overstated and fraudulent financial statements. In relation to the SEC’s formal inquiriess, a forensic investigation was conducted by PricewaterhouseCoopers to determine the extent and value of the accounting misdemeanors that took place from 1997 through July 2002. The New York Times on March 22 2003 explains “the regulators describe periodic efforts by other executives - - - - to persuade Mr. Scrushy to stop the manipulations. "Scrushy insisted that the scheme continue because he did not want HRC's stock price to suffer," the S.E.C. complaint said.” (2) June 18, 2009, on the business......

Words: 1085 - Pages: 5

Business Studies Qantas Case Study

...Business Studies Qantas Case Study CHAPTER 4 2. Situational Analysis Swot Analysis of Qantas Strengths: • Extensive network / part of the One world alliance • Excellent airport locations and facilities • Globally recognised brand name and logo • Excellent safety record – probably the best in the world (not one death on a Qantas flight) • Operational excellence: Qantas has twice won the Cumberbatch trophy for engineering excellence. Weaknesses: • Speculation that British airways will quit its $1.3 billion stake in Qantas. • Higher labour and other operating costs than its competitors • An ongoing disputes between Qantas management and militant unions Opportunities: • For its new international budget brand, Australian Airlines • Taking advantage from the Ansett collapse by hiring new staff, expanding routes and purchasing / leasing more aircraft • Developing further E-commerce operations Threats: • Strategies of its main competitors especially Singapore Airlines and Air New Zealand (international) and Virgin Blue (domestic) • Increase in government regulations to protect its smaller rivals • Rising fuel costs • Further fall in Australian dollar • Further weakening in the international market / economy As a result of Ansett’s collapse, Qantas is currently in the growth stage domestically (with increased sales, revenue and market share) but in the decline stage......

Words: 1608 - Pages: 7

Business Studies Qantas Case Study

...Business Studies Qantas Case Study CHAPTER 4 2. Situational Analysis Swot Analysis of Qantas Strengths: • Extensive network / part of the One world alliance • Excellent airport locations and facilities • Globally recognised brand name and logo • Excellent safety record – probably the best in the world (not one death on a Qantas flight) • Operational excellence: Qantas has twice won the Cumberbatch trophy for engineering excellence. Weaknesses: • Speculation that British airways will quit its $1.3 billion stake in Qantas. • Higher labour and other operating costs than its competitors • An ongoing disputes between Qantas management and militant unions Opportunities: • For its new international budget brand, Australian Airlines • Taking advantage from the Ansett collapse by hiring new staff, expanding routes and purchasing / leasing more aircraft • Developing further E-commerce operations Threats: • Strategies of its main competitors especially Singapore Airlines and Air New Zealand (international) and Virgin Blue (domestic) • Increase in government regulations to protect its smaller rivals • Rising fuel costs • Further fall in Australian dollar • Further weakening in the international market / economy As a result of Ansett’s collapse, Qantas is currently in the growth stage domestically (with increased sales, revenue and market share) but in the decline stage internationally. In response Qantas has planned to hire more staff and increase......

Words: 1608 - Pages: 7

Business Management Case Study

...Business Management Case Study    Introduction As with many start-up small businesses, poor management or mismanagement is often the cause of most of their problems. The failure of Amanda therefore lies within this context. As a manager, Amanda is responsible for efficiently completing all of her business activities and setting and achieving her businesses goals through the execution of four fundamental management functions: planning, organizing, leading and controlling. (Mason Carpenter, 2013) Accordingly, the process of successfully completing business activities and achieving business goals require the proper utilization of human, financial, and material resources. (Mason Carpenter, 2013) Within the context of the Case Study, Amanda eventually runs into trouble after starting her business because she was unable to properly exercise the four management functions and in particular, utilize her human resources to effectively realize these essential business processes. In fact she devolves most of the important functions of management to Lisa and allows her other employees to essentially operate their own personal fiefdoms. Planning Planning is important for any business because it is the foundation of management and all other functions associated with management are based on it. (Pakhare, 2013) Accordingly, planning is necessary to ensure proper utilization of human and non-human resources; it is pervasive at all levels and in all stages of management.......

Words: 1552 - Pages: 7

Business Case Study

...Charlette Jones April 24, 2014 U03a1 BUS3050 Case Study: I Thought I Gave Them Everything Case Summary In my analysis of the case of Henry Gonzales the manager of Quality Foods’; I found that the responsibility of Henry would be the process of achieving the objectives of the organization by using its available resources effectively. Evidently Henry has taken advantage of that as he has accomplished his top management position in the store—for his hard work—gaining the once unprofitable store—probability. While Henry thought he gave them everything; However, Henry intrapersonal communication-- has gotten the best of him. Henry doesn’t seem to be conscious and lack communication competency; for the simple fact he offers monetary as oppose to promotion or change, and he is lacking loyalty. Prime example: He emphasis financial rewards for hard work and monetary incentives for cutting company cost and again hard work (increased sales)…I worked in sales and it is hard work (it’s a numbers game and requires hard work and commitment)... If everyone is expected to work hard…..everyone should be entitled to opportunities for advancements, promotions, as well as pay raises and incentives—just as he did. Theories of Motivation In such a business the manager is responsible for many managerial task; However, as he grows and help the business grow; I would suggest that Henry delegate some of the tasks to the supervisors (giving them a sense of......

Words: 703 - Pages: 3

Business and Economics Case Study

...Name Instructor Course Date Case Study In the case study provided, Westport Electric Company seems to be having serious budgetary problems. The selection, planning and implementation of various projects seem to be faulty. In this particular case, King who is the supervisor of the administrative staff budget staff section has raised a red alarm with regard to two recent budget approvals (Kieso 161). Background Information: Origin and Magnitude of the Problem The operating activities of Westport Electric Company are categorized in four main groups: “the electrical and transmission group, the Military and Space group, the Home Appliances group, and the Electronics group” (Kieso 161). These groups have various operational divisions. These administrative offices vary in nature and categories. The administrative offices offer top management advice in area of specialty. The vice presidents of these departments constitute the policy committee which takes part in the decision-making. These administrative offices “offer advice to operating divisions and other staff offices and coordinating among divisions” (Kieso 161). Generally, before a project is approved it undergoes a series of checkpoints. “At the beginning of the year, the budgeting department provides timetables and instructions required for the preparation, submission and approval of budgets for the forthcoming year” (Kieso 162). During budget preparation, a number of elements are considered.......

Words: 927 - Pages: 4

Case Study Business

...General draft for our case study * What is Recession: Recession is the worst situation which affects everyone from top to a lower person (boss to employee).companies that increases their workforce in the time of slowdown seem to reaping the benefit of more profits.(from article 8).To prove this point I just want to quote an example of Indian companies. Tata Motors, Asian Paints and Hero Honda Motors, which increased their workforce, posted profit growth of over 100% each while Hero Honda Motors' profits grew by 95%. On the contrary, at Gail (India), Tata Steel and Bank Of India, which saw a decline in workforce levels, net profit went down 39% to 59% respectively.( article 8). * I like this example : If your neighbor gets laid off, it's a recession. If you get laid off, it's a depression. ( http://www.investopedia.com/articles/economics/08/recession-affecting-business.asp#ixzz3X030E9fF) * Causes of recession: According to me I think this is the most important aspect of our case study.like what are the main causes of recession. 1) According to me the fist cause of recession is imbalances in the international trade markets. 2) May be changes in government policies. 3) Stock market crash. 4) Assest bubble (when the prices of companies, stocks or houses become inflated beyond their sustainable value.) * Problems caused by the recession : I am going to mention all the problems which are caused by Recession.As I discussed above it......

Words: 624 - Pages: 3

Business Analytics Case Study

...IBM Global Center for Smarter Analytics Fundamentals of Business Analytics Case Study IBM Global Center for Smarter Analytics ________________________________________________________________________________ Licensed Materials - Property of IBM © Copyright IBM Corporation 2013 Published May 2013 IBM, the IBM logo and ibm.com are trademarks of International Business Machines Corp., registered in many jurisdictions worldwide. Other product and service names might be trademarks of IBM or other companies. This case study set contains proprietary information which is protected by copyright. No part of this document may be modified without a legal license agreement from IBM Corporation. Any references in this information to non-IBM Web sites are provided for convenience only and do not in any manner serve as an endorsement of those Web sites. The materials at those Web sites are not part of the materials for this IBM product and use of those Web sites is at your own risk. 2 IBM Global Center for Smarter Analytics Case Analysis 1: Cincinnati Zoo Business Objectives • • • IBM Global Center for Smarter Analytics Company Company Background The Cincinnati Zoo & Botanical Garden is one of the most popular attractions and a Top Zoo for Children according to Parent’s Magazine. Each year, more than 1.3 million people visit its 71-acre site, which is home to more than 500 animal and 3,000 plant species. Although the Zoo is a non-profit......

Words: 9382 - Pages: 38

Business Ethics Case Study

...Business Ethics Case Study Peter Paulson's offer to provide the previous case documents to Steven Craig is professionally unethical but morally permissible. In addition, I believe that the offer was not theft but possession by entitlement and permission. His actions are a great example of how professional ethics and morals don't always align in the analysis of a case. Part (1) Peter Paulson's offer although helpful commits the Texas Board of Professional Engineers code. As an expert witness for a previous case against PPC, Peter Paulson was exposed to certain documents which would help with the current case against the same company. The code states in 137.63.c.4 that "The engineer shall not give, offer or promise to pay or deliver, directly or indirectly, any commission, gift, favor, gratuity, benefit, or reward as an inducement to secure any specific engineering work or assignment." In Peter's case he was asked to "secure specific engineering work" for a fee. The practice of sharing the public documents is legal and professionally ethical but when a fee is procured for the transaction the act becomes unethical. The documents in both cases were public because they were documents of court which could be obtained by any lawyer. When Peter placed a fee on documents that were public his actions were in violation of the code and made his offer professionally unethical. Part (II) Table 1. Line drawling of "The Offer" showing non-theft (Peter's perspective)......

Words: 1353 - Pages: 6

Business Case Studies

...0 更多 下一个博客» 创建博客 Business Case Studies The best way to learn about business practice is to study real-world business cases. Here you can find typical business cases and how to draw conclusions from facts and analysis. Tuesday, April 15, 2014 AMERICAN CHEMICAL CORPORATION CASE STUDY 1. Executive Summary Dixon, an American specialty chemical producer, wants to buy Collinsville plant from American Chemical Corporation, another typical chemical company in 1979. Dixon wants to diversify its product line buy acquiring the aforesaid plant, which produces sodium-chlorate to supply to paper producers in Southeastern part of the US. This plant initially cost 12 mln. USD and additional 2,25 mln. USD needed to buy laminate technology to increase efficiency and profitability of the plant in order. Dixon has conducted thorough marketing research for the industry providing cash flow analysis on purchase of the plant. The cash flow analysis based with and without laminate technology cases, where the company should decide whether it should go on further to buy that plant and technology. 2. Calculating of WACC · - · · - - 2.1 Assumptions for calculations in the case: - Plant life is 10 years (p.4) - Salvage value of plant is 0 (p.4) - Book value of plant at end of 1979 is 10.6 million (=12 million purchase price - 1.4 million working capital) - Tax rate is 48% (calculated from Exhibit 7) - For the period from 1980 to 1984: all data of sales,......

Words: 11929 - Pages: 48

Business Case Study

...Case 1: “Monsanto Attempts to Balance Stakeholder Interests” Dr. Obradovich Case 1: “Monsanto Attempts to Balance Stakeholder Interests” Harry Stevenson September 15th, 2015 Monsanto is one of the world’s largest industrial agriculture businesses, especially focusing on genetically modified products. The company specializes in biotechnology, modifying crops and genetic manipulation of organisms. These modifications help farmers by using less land and creating more crops, which equals more profits. Genetically modified (GM) food also helps create solutions to world hunger problems and is a rapidly growing product for famers. GM products have stirred up controversy everywhere they are distributed, and Monsanto, being a huge multinational corporation and a major producer, is at the center of the debate. Throughout the company’s history, Monsanto has been attacked with criticisms from governments, farmers and activists groups because of their controversial products. This case deals with the ethical implications of producing and selling a product without understanding the environmental and physical implications of the products. Monsanto claims that its products are safe, and the FDA has proclaimed that GM food is safe to consume but critics are not convinced and continue to try and stop the use of GM products. Monsanto has showed a clear disregard for ethical obligations in its history and continues to downplay the importance of environmental and physical risks to......

Words: 1509 - Pages: 7

Sec 402 Wk 7 Case Study 2 Developing the Forensics

...SEC 402 WK 7 CASE STUDY 2 DEVELOPING THE FORENSICS To purchase this visit here: http://www.activitymode.com/product/sec-402-wk-7-case-study-2-developing-the-forensics/ Contact us at: SUPPORT@ACTIVITYMODE.COM SEC 402 WK 7 CASE STUDY 2 DEVELOPING THE FORENSICS SEC 402 WK 7 Case Study 2 - Developing the Forensics, Continuity, Incident Management, and Security Training Write a five to seven (5-7) page paper in which you: 1. Consider that Data Security and Policy Assurance methods are important to the overall success of IT and Corporate data security. a. Determine how defined roles of technology, people, and processes are necessary to ensure resource allocation for business continuity. b. Explain how computer security policies and data retention policies help maintain user expectations of levels of business continuity that could be achieved. c. Determine how acceptable use policies, remote access policies, and email policies could help minimize any anti-forensics efforts. Give an example with your response. 2. Suggest at least two (2) models that could be used to ensure business continuity and ensure the integrity of corporate forensic efforts. Describe how these could be implemented. 3. Explain the essentials of defining a digital forensics process and provide two (2) examples on how a forensic recovery and analysis plan could assist in improving the Recovery Time Objective (RTO) as described in the first article. 4. Provide a step-by-step process that......

Words: 1406 - Pages: 6

Business Management Case Study

...era of advanced technology, decision-making is an integral part of almost all organizations. The people who are challenged in this kind of situation are organizational managers. They have to come up with concrete decisions that are in line with the objects of the companies they are serving. In this case, they are expected to make decisions without fearing the end results. The case in this article is not different. For instance; there are four decisions to be made concerning the best company to be hired to provide computer services for knowledge sharing. Jackson, being the officer in charge of the department, is appointed by the president of McConnell Spices firm as an overseer in this matter. Therefore, he conducted research and came up with his proposals of which, has to be approved by the firm's board members. Despite being incapable of providing the services required by the company, Madam McConnell questions why Jackson has not included Standard Systems in his list. This scenario leaves Jackson with two major decisions to make. Other important decisions to be made are group decisions and the decisions of the board. All these decisions are explained in this paper. Case Study: McConnell Spice Mr. Charles Jackson, a chief information officer at McConnell Spice limited, has to make two critical decisions concerning his findings of a suitable firm that has the potential of equipping McConnell Spice with the required software applications. First, he has to make a......

Words: 2821 - Pages: 12

Business Management Case Study

...Department of Finance Faculty of Business Studies University of Dhaka COMPUTER APPLICATION IN BUSINESS Subject Code: F-102 Submitted To: Samia Sultana Tani Assistant Professor Department of Finance University of Dhaka Date of submission: May 4, 2010 • Group Introduction: Group Name: Poets of the Fall BBA (16th Batch) Section: A Department of Finance University of Dhaka |Serial No: |Id No: |Name: | |1 |16-051 |Md. Zahidul Islam | |2 |16-081 |Afsar Hasan Jamil | |3 |16-117 |Shahanaz Parvin | |4 |16-125 |Md. Rashed Karim | |5 |16-141 |Md. Atiar Rahman | |6 |16-165 |Rashid Muntasir | |7 |16-171 |Md. Zahirul Islam Khan ...

Words: 3482 - Pages: 14

Mac OSX Lion For Common PC Niresh12495 Fixed Kexts Hacint | CANUGIVEMEMODSPLEASE | Pierre Lapin