Internal Control Program: A Case Study

(3) Military: Continues positive trends to security cooperation & reform. Received U.S. Foreign Operations Appropriations (FY 08; FMF: $4.3 million & IMET: $1 million) in lieu of FSA waivers. They seek security integration & strategic partnerships to counter terrorism, organized crime & drug trafficking. Conducts regional (GUAM) joint military exercises in order to disrupt decentralized targeting of critical infrastructure; participates in NATO Partnership for Peace program.

Security cameras will be placed strategically around the shop and warehouse and will be watched by employee number 4, he will overlook all security cameras in the warehouse on the weekends when stock will be transferred from the warehouse to store. If any theft occurs during the week when employee 4 is not present, the alarm system installed in the warehouse will sound and 2 men from Sniper (the security service in use) will go to the warehouse to see whether the thieves are still there, they will then report to the owner (you). On weekdays employee 4 will watch the cameras at the store, if any theft does occur from either the employees or customers, employee 4 will detain the thief until the police arrive to take him/her away. A log book will be handled by the manager, when the driver or any employee (transfers stock from warehouse to store) chooses to use company vehicles they will record their check in times, destination and time brought back in the log book, any changes made to the vehicle i.e. Fill up with petrol, must also be recorded in the log book. When vehicle expenses are claimed, one method of substantiating is to maintain a log book. A log book is a written record of your business use of a vehicle over a period

There where no financial reports or summaries of the cash flows. Probably, Barb wasn’t fare about the payments. Because there was no financial report it was not clear where all the money went to.

Tracked, validated and recommended payment of invoices paid through a third party institution verifying cost and fee distribution status and funding availability for German funds disbursement. Meticulously researched and resolved long standing closeout issues on two overage firm fixed price contracts leading to final closeout. Provided extensive cost and pricing analysis on $25M Foreign Military Sales modification. The evaluation included profit and fee determination and review/incorporation of Defense Contract Management Agency (DCMA) pricing report, Defense Contract Audit Agency (DCAA) audit and technical report on direct material and labor costs, as well as, application of indirect rates. Assisted the Administrative Contracting Officer in development of the government’s position, drafted pre-negotiation memorandum for headquarters approval and provided negotiation support. Assisted in Major Program Support management review process and identified areas for improvement. Evaluated Earned Value Reports for contract compliance resulting in timely submittal of corrections. Submitted three process

For any country, military spending is a big part of the national budget. Over time this business transaction has formed into a relationship between the nation’s armed forces and these private defense industries.

Lowe’s Home Improvement is a chain of retail home improvement based in the United States. It was founded in 1946 in North Wilkesboro, North Carolina. Lowe’s Home Improvement has expanded internationally into Mexico, Canada, and joint venture with Woolworths Limited in Australia. Lowe’s Home Improvement ranked 54 in Fortune 500 for 2012, decreasing four spots in 2011 ("Cnn money," 2012). Lowe’s Home Improvement is the second largest retail home improvement chain, behind The Home Depot. There are 1,724 Lowe’s stores throughout United States, Canada, Mexico operating with more than 234,000 employees ("Lowe 's home improvement, 2012”).

Warren Worth a Lead Inspector General Overseas Contingency Operations (LIG-OCO) Hotline Investigator was the primary presenter at both Camp Arifjan and Camp Buehring. Additionally, the secondary instructors represented the Defense Criminal Investigative Service (DCIS) and Military Procurement Fraud Criminal Investigation Division (MPFU CID). This training session provided a thorough explanation of the LIG-OCO agency is and their mission. Secondly, identified the possible red flags when it comes to identifying fraud, reinforced learning by highlighting actual adjudicated cases to explain the severity of contractual fraud throughout the area of operations. Lastly, the training provided the reporting channels to eliminate acts of contractual fraud and waste throughout the CENTCOM

This rationale paper reviews the department of defense Inspector general. The initial mission for the department when it was formed in 1982 was to serve as an independent supervisor to the department of defense. The powers and responsibilities of the department are drawn from the inspector general Act of 1978. The key tasks of the department were to monitor, evaluate, and investigate all the operations of the department of defense. The department was also expected to provide leadership in policy development for the department. The policies should be designed to promote economic development and optimal resource allocation to enhance efficiency and effectiveness of defense programs.

Which of the following technologies are now used in conjunction with automated production process systems to increase efficiencies?

The self-management program discussed was a systematic review, with the analysis of randomised controlled trials. Those who participated in the study were adults who were diagnosed with type 2 diabetes. As long as the patient had type 2 diabetes, they were able to participate in the study. The study included education sessions on type 2 diabetes which lasted for at least an hour. The control group must have had standard treatment, remained on a waiting list or received no

9. What types of fraudulent activities could Barb have perpetrated? Do you think it is possible that Barb did not commit fraud? Why?

This paper shall focus on the criticalities involved in LJB’s transactions and how it may implement internal controls to the business processes while increasing the accountability of individuals involved in its ‘lean business process.’ With the advent of the Sarbanes-Oxley Act and its repercussions to the manner in which businesses must prevent fraud (both external and internal) to not misrepresent any of its financial data to its investors – the same applies to LJB’s Company since it has plans of going public and hence goes under the scrutiny of everyone (aka the investors and the larger business community looking for investment

“Internal controls are policies and procedures put in place to ensure the continued reliability of accounting systems” (Ingram 2017). WorldCom’s attempts at maintaining internal controls are less than favorable. Segregation of duties enables the division responsibilities to ensure that no employee completes two similar tasks. The CEO’s monitoring of WorldCom’s financial processes shows that the company has a lax segregation of duties, which makes it easier to commit fraud. Access controls protect financial data from unauthorized access, however, WorldCom’s extent is password-protected computers. No access inventories are taken to monitor employee usage, so there is no trail of when employees are doing during work.

The framework describes internal control as a process designed to provide reasonable assurance regarding the achievement of objectives in the following categories:

1. Use specific examples to identify weakness that existed in the internal control environment at BISD. Based on the identified weaknesses, what improvements to the control environment would you recommend?