User Account

All Pages

Where the internal controls lacking

Assignment Help Accounting Basics
Reference no: EM132833885

You were hired by a Utility Cooperative to determine what procedures allowed an employee to pose as an electrical engineer for a number of years.

  1. The individual was in charge of establishing company standards and when a reorganization occurred the employee complained and resigned. The company was concerned about the employee filing a lawsuit.
  2. The investigation involved the interview of employees and outside individuals and determined that the established company standards were plagiarized from a nearby city.

Result: The company was concerned about the employee filing a lawsuit, but the investigation proved the false certifications being claimed by the employee.

Required:

Problem 1: Where the internal controls lacking and if so which ones should have been in place?

Reference no: EM132833885

Questions Cloud

What are the dangers that he alludes to : Since the 1980s, the world economy became increasingly "globalized." Put simply, the world economy witnessed increasing international mobility of goods.
Calculate the company inventory turnover ratio for the year : Anderson Farms, Inc. provided the following for 2018: Cost of Goods Sold (Cost of sales) $1,300,000. Calculate the company inventory turnover ratio
What amount of unrealized gain or loss on the securities : What amount of unrealized gain or loss on these securities should be included in Nation 97 Company's profit or loss for the year ended December 31, 2012
At what value should the land be recorded : Roller Skates Company was offered $125,000 for the land by another company. At what value should the land be recorded in Roller Skates Company's records
Where the internal controls lacking : Where the internal controls lacking and if so which ones should have been in place? What procedures allowed an employee to pose as an electrical engineer
Compute the two equal payments : Two loan payments are to be made, one at six months and the other at the end of the year. Compute the two equal payments
Predict the variable cost per unit items for mateo company : Predict the Variable cost per unit items for Mateo Company. Mateo Company's average cost per unit is $1.425 at the 16,000 unit level of activity
MKT4015 Marketing Foundations Assignment : MKT4015 Marketing Foundations Assignment Help and Solution, Birmingham City Business School - Assessment Writing Service
What the credit to retained earnings in the closing entry : When preparing the closing entry, the credit to Retained Earnings in the closing entry will be $? Salaries and Wages Expense 7,393

Reviews

Write a Review

Accounting Basics Questions & Answers

  What was Vaststrom Company BAD DEBT EXPENSE

Vaststrom Company had the following data for the year. Accounts receivable, beginning of year $150,000. What was Vaststrom Company BAD DEBT EXPENSE

  Find the differential voltage gain achieved

Consider a bipolar differential amplifier in which the collector resistors RC are replaced with simple current sources implemented using pnp transistors. Sketch the circuit and give its differential half-circuit. If VA =20 Vfor all transistors, fi..

  Compute landons self-employment tax liability

Compute Landon's self-employment tax liability and the allowable income tax deduction of the self-employment tax paid

  Consider an investment in five

Consider an investment in five S&P 500 Index futures contracts at a price of $924.80. the initial margin requirement is 15% and the maintenance margin is 10.0%.

  Discuss munson company reported the following information

How much is still owed to Munson at December 31st if $12,800 were not collected from the amount that should have been collected from November

  Payroll accounting suppose that the following tax rates as

payroll accounting. assume that the following tax rates and payroll information pertain to brookhaven publishingbull

  How financial information helpful to operating people

Are cost and financial information helpful to operating people, if so, how? How should the appropriate blend between financial and non-financial information

  Determine Net Present Value for Konica Minolta system

Using the NPV function in Excel determine the Net Present Value (NPV) for the Konica Minolta system for estimated volumes starting from 200,000 copies/year

  What the average inventory and days sales in inventory are

If the cost of goods sold is $250,000 and the inventory turnover is 2.8, then the average inventory and days sales in inventory are

  What is the estimated activity base direct labor hours

california customs designs llc is a business that customizes motorcycles and automobiles according to the customers

  Determine whether crystal city should consider this lease

determine whether Crystal City should consider this lease agreement a capital lease. Explain your decision

  Sinise industries acquired two copyrights during 2010

Sinise Industries acquired two copyrights during 2010. One copyright related to a textbook that was developed internally at a cost of $9,900.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd