...Analysis and Fraud Investigation" Please respond to the following: * Imagine that you have been hired as a fraud examiner to review the risk of fraud at a major retailer. Analyze the data analysis tools available to you and propose a plan for which tools you will use. Provide a rationale for your plan. ACC 578 Week 2 Discussion 2 "Audit Objectives and Computer Analysis" Please respond to the following: * You have been tasked by your audit manager to develop an audit plan of a major bank. Propose the key elements of your audit plan and the end result you expect from implementing the audit. Justify the key elements you chose for the plan. * From the e-Activity, analyze the systems the company used and propose a computer analysis plan that would have detected the fraud. Support your analysis with examples. ACC 578 Week 2 Assignment 1 Fraud Prevention and Detection Policy Due Week 2 and worth 160 points You are a senior accountant at a new start-up information technology company known as Dingwow Inc. You have just recently been hired and the company has charged you with recommending a fraud policy. Use the Internet, Strayer databases, or your text, to research the elements of an effective fraud policy. Write a two to three (2-3) page paper in which you: 1. Construct a letter to the senior leaders of a publicly traded company that communicates the most...
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...McBride Financial Website Security Plan Reggi CMGT/441 April 7, 2014 University of Phoenix McBride Financial Website Security Plan Introduction McBride financial services is upgrading their website to be more interactive with clients. The goal is to create self-serve options for clients though the website and through kiosks located in the offices. McBride wants to reduce the number of employees needed to handle client accounts using this new business plan. The new plan will increase the need for data protection to ensure that customer’s personal data is kept same during all points of the application and loan process. Implementing online loan applications means customer information will be input into web forms and then transferred to the company database. This creates the potential for hackers to steal or corrupt the data and to use it to gain access to other company servers. In order to prevent this from occurring and limiting the damage done in the case of a successful attack McBride must implement a Prevention, Detection, and Recovery plan. Prevention A prevention plan for McBride will be need to include protection for the company servers and protection for client information. The first step in this plan is to establish a demilitarized zone (DMZ) to separate the web server from the company databases and other company servers. The most secure way to implement this is to use two firewalls. The first one will be set to allow necessary traffic to the web server...
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...COM656 Group Project Security Plan Chunlin Yang Yunzhen Li Peng Yu Yun-Chen Tsao Coleman University COM656 Group Project Security Plan A brief description of the company Company size, employees numbers, Customers Canon Inc is a multinational corporation specialized in the manufacture of imaging and optical products, including cameras, camcorders, photocopiers, computer printers and medical equipment. It has about 190,000 employees worldwide by end of 2015. Canon has Personal, Office, Professional, Industry business sectors, provide products and services to many millions of customers in each sector globally. History Summary From its humble beginnings in a 1933 Tokyo apartment, Canon has grown to become a monolith in the field of imaging. Once only a maker of high-quality cameras, Canon now produces personal as well as multifunction copy machines, laser and inkjet printers, toner and canon ink cartridges, and calculators— all in addition to their high-quality cameras. Canon began under the name Precision Optical Instruments Laboratory with the goal of developing a high-end Japanese camera to compete with the European brands flooding the market. That first camera was named Kwanon after the Buddhist Goddess of mercy. Just a short time later, Precision Optical Instruments Laboratory created the first-ever 35mm focal-plane shutter camera called the Hansa Canon—and thus the Canon brand was born. But it wasn't until 1947 that the company officially changed its name...
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...difference between a risk analysis (RA) and a business impact analysis (BIA)? Risk analysis is a technique to identify and assess factors that may jeopardize the success of a project or achieving a goal. Business continuity planning "identifies an organization's exposure to internal and external threats and synthesizes hard and soft assets to provide effective prevention and recovery for the organization, while maintaining competitive advantage and value system integrity”. In addition to some disagreement among business continuity professionals regarding the BIA and risk assessment definitions and outcomes, disagreement also exists regarding the order of execution: whether it is best to perform the risk assessment before, during, or after the BIA. While many professionals argue that it is best to perform the risk assessment before the BIA to establish the risk landscape in which the organization operates, Evaluation argues the opposite. What is the difference between a Disaster Recovery Plan and a Business Continuity plan? A disaster recovery plan is a documented process or set of procedures to recover and protect a business IT infrastructure in the event of a disaster. Such plan, ordinarily documented in written form, specifies procedures an organization is to follow in the event of a disaster. Business continuity planning "identifies an organization's exposure to internal and external threats and synthesizes hard and soft assets to provide effective prevention and recovery for...
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...Northern Caribbean University College of Business and Hospitality Management Group Assignment 1 An assignment in Partial Fulfillment of The requirements of the course: FNCE 437: Risk Management and Insurance Presented to: Mr. John McAllister, MBA Prepared by: Mark Jackson – 60100164 Candece Hamilton - 18100252 Television station WMSD is located in a midwestern city of 1,750,000 people. The station is incorporated, with the majority of the stock owned by one family. The grandfather, age 68, who founded the station, has already begun to make gifts of the stock to other family members. His daughter, age 47, is currently the vice president and will manage the station her father retires or dies. The station is affiliated with one of the three national television networks. WMSD has 156 employees. Of these, 20 appear on the air, 7 are managers or officers, and 129 are clerical, production, or marketing employees. The payroll for a recent year amounted to $43,550,000. WMSD’s assets include buildings and a transmission tower valued at $47.5million on the books, but with a replacement value of $62 to $64 million. The station’s equipment, including cameras, videotape machines, six autos, three trucks a leased helicopter, and sophisticated electronic equipment and computers, has a book value of $52.6million and a replacement cost of $73.5 million. In recent years, the station’s earnings after taxes were as: year 1, $58 million; year 2, $65 million; year3 $ 40million...
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...Fraud Prevention and Management Recommendations The purpose of this Fraud Prevention Plan is to set out the approach to dealing with fraud risk within our organization. In order to prevent the types of frauds that have already occurred within our organization it will be necessary to create “a culture of honesty, openness, and assistance…..fraud prevention is where the big savings occur” (Albrecht, Albrecht, Albrecht, & Zimbelman, 2012, p.103). What is required is the implementation of a comprehensive hiring, fraud, and ethics training program with strong controls, with punitive treatment of fraud offenders. “Research confirms that anyone can commit fraud. Fraud perpetrators usually can’t be distinguished from other people on the basis of demographic or psychological characteristics.” (Albrecht et al. 2012, p. 33). The value of an effective fraud prevention program requires several components. The lack of fraud prevention leads to enormous risk. The corporation will need to install processes and controls to ensure that honest people are hired. When candidates are going through our interview process they will need to be thoroughly vetted on the accuracy of their work history, education, and stated accomplishments. In addition to the standard practiced of contacting references provided by the candidate, these referenced individuals will be asked to provide additional references. The result of checking references provided by the initial reference will in many instances...
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...ESLSCA MIBA - Group 43C Contemporary Management Course Case Study # 01 Worksheet Workplace Violence Version 1.0: 07 Jun 2013 Presented by: Hossam Bashir I. Problem Definition: Workplace violence is violence or the threat of violence against workers. It can range from threats and verbal abuse to physical assaults and homicide, one of the leading causes of job-related deaths. However it manifests itself, workplace violence is a growing concern for employers and employees nationwide, representing a real challenge for employers to provide a safe working environement for employees. According to specialists, workplace violence falls into four broad categories: TYPE 1: Violent acts by criminals who have no other connection with the workplace, but enter to commit robbery or another crime. TYPE 2: Violence directed at employees by customers, clients, patients, students, inmates, or any others for whom an organization provides services. TYPE 3: Violence against coworkers, supervisors, or managers by a present or former employee. TYPE 4: Violence committed in the workplace by someone who doesn’t work there, but has a personal relationship with an employee—an abusive spouse or domestic partner. II. Justification to Problem Definition: Statistical data and reports proivde a clear evidence that workplace violence is a growing threat nationwide. * According to the Bureau of Labor Statistics, 18,104 assaults and 609 homicides occurred at workplaces...
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...therapy and possible prevention. Many modules make this probable for distinguishing basic procedures, risks and outcomes. Cohort follow-up studies cover a specific area of study that labels a subject matter when the outcome of the disease is not visible. Then the study compares the incidence of outcome between exposed and unexposed persons past, present, and future. In simple terms, cohort studies measure exposure, measure outcome and methods of follow-up. For instance cohort studies would be used to examine Cardiovascular Disease (CVD) which affects millions of people worldwide especially the African American race and is often limited to the Asian culture. According to the American College of Cardiology CVD is the largest single cause of death among women. The economic impact in the United States although difficult to estimate figures show an amount over $400 billion was spent in 2006 on health care as a result of lost productivity compared to other deadly diseases, (American Heart Association [AHA], 2007). The cohort follow-up study can either be viewed from a prospective or retrospective view. A prospective cohort study is when the investigators begin enrolling subjects and collecting baseline exposure information, none of the subjects has developed any of the outcomes of interest. In contrast, retrospective studies are conceived after some people have already developed the outcomes of interest. The main objective from either perspective compares the risks and...
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...The Threat of Fraud Tracey Brewer American InterContinental University Security and Loss Prevention CRJS270-1301B-01 Jade Pumphrey March 28, 2013 Abstract Identity theft, whether on a personal or business level is a criminal act. So, for many years individuals have plotted and schemed to come up with scams to obtain personal information from other individuals or organization to either sabotage one’s reputation or obtain financial gain. Either way, this wave of criminal activity is wreaking havoc to innocent people and successful organizations everywhere. The Threat of Fraud Introduction Corporate fraud and executive identity theft are crimes that are on the rise. I don’t think corporations understand the impact this crime can have on their business. It only takes a few measures to ensure that the company is protecting against someone being able to access information that could bring the entire corporation to the ground. It can takes years to establish credit, build clientele and provide a service to the country or a community, however, it can only take the click of a mouse, that one email attachment or that one dishonest employee and your entire businesses financial data has been obtained, used or sold for the sole purpose of financial gain. Therefore, to protection your organization’s personal information. Well, it’s time to get the facts, take the necessary precautions, and start the process for what could be the first steps in protecting your organization...
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...Loss Prevention Policies Unit 5 IP Jessica Payne Loss Prevention Policies Each year companies stand to lose at least five percent of revenues to internal fraud. This may seem like a small percentage but it adds up. That five percent can be the difference between staying afloat or filing bankruptcy. When a company spends time and money to prevent fraud it is far less than running the risk of internal fraud. The most effective way to prevent fraud is to establish a proactive fraud prevention program. It is best if a company seeks the advice from a qualified fraud expert. A successful fraud prevention program requires three elements: education, investigation, and proactive preventative techniques. Most internal frauds are brought to attention from employees, customers, or vendor tips. Employees are the most likely source to provide tips of misconducts. So implementing a company-wide education program is a crucial part of a fraud prevention program (Coenen, 2011). Fraud education should focus on fraud awareness and should be presented to all employees. Investigating fraud is important to a comprehensive fraud prevention program. Although investigations are time consuming and costly the benefits are worth it. Investigations can have deterrent effects on potential thieves. Investigations send a company-wide message that management is aware and looking for fraud. Proactive fraud prevention techniques are the biggest asset in the company’s fraud prevention plan. Proactive...
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...programs in the companies. Through this article, people can be able to identify the potential job hazards in the organizations and development plan for its safety. Apart from this, he has also explained the methods of effectively responding to the accidents. With the help of this, different strategies for conducting the investigation of the company is also identified by the author. Answer 1: Author’s Main Point In this, the author is mainly focused towards the importance of health and safety programs in companies. He has also explained the accident development plan, which is useful in reducing the job hazards and strategically handle the external accidents investigations (Battles, 2011). Apart from this, the author’s main point is to generate the awareness among different countries and reveals the disadvantages of not having health and safety plan such as increases in health care cost, penalties, lost productivity and fines. Answer 2: Author’s Intended Audience In this paper, the author’s intended audience is organizations in different companies. It is because organizations cover a large number of people and health and safety program also improves the personal life of the employees. At the same time, the author has also generated awareness among people as well, so that they also improve their working habits and reduces the chances of accidents (Burke, Clarke & Cooper, 2012). The Author has also explained that companies must have written Accident Prevention Plan, so that employees...
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...Introduction Risk management has become a significant part in an organisation. There are always uncertainties in the process of achieving the goals of an organisation and uncertainties will lead to risks. According to insurance industry professionals, “risk is a condition where there is possibility of an adverse deviation from a desired outcome that is expected or hoped for.” Chapman (2011) stated, “Companies that treat risk management as merely compliance issue expose themselves to nursing a damaged balance sheet.” Business now operate in an entirely different environment compared with fifty years ago. There is an increasing number of firms seeking international growth by going global as an importer or exporter. When engaging in the...
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...Running a business can be a dangerous occupation with many different types of risk. Some of these potential hazards can destroy a business, while others can cause serious damage that can be costly and time consuming to repair. Despite the risks implicit in doing business, CEOs and/or risk management officers – no matter the size of the business, from small to corporate giant - can prepare for them if they know what they are. If and when risk becomes reality, a well-prepared business can moderate the risk's impact. Dollar losses, lost time and productivity and the negative impact on customers can all be minimized. Physical Risks Building risks are the most common type of physical risk. Fire or explosions are the most common risk to a building. To manage this risk, and the risk to employees, it's important to do the following: * Make sure all employees know the exact street address of the building to give the 911 operator in case of emergency. * Know the location of all exits. * Install fire alarms and smoke detectors. * A sprinkler system will provide additional protection to the physical plant, equipment, documents and, of course, personnel. * Inform all employees that in the event of emergency their personal safety takes priority over everything else. Tell them to leave the building and abandon all work-associated documents, equipment and or products. Hazardous material spills or accidents also occur with some regularity. Among the hazardous materials...
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...and inventory; but they also have to create a security plan to secure these assets to keep their customer, brand integrity, and profits. Some of the issues faced while maintaining security for a company in multiple countries across the globe are personnel, cyber threats, and cloud computing. Managing Human Resources Employees of global organizations and mobile businesses have great challenges while trying to protect sensitive information. Cisco commissioned a third-party market research firm, InsightExpress to conduct a study of IT professionals around the world generating 2000 respondents of end users and IT professionals. They found that employees can put personal and corporate data at risk because of the following (Cisco, 2008): 1. Unauthorized application usage possibly caused company data loss 2. Misuse of corporate computers by sharing with other employees without supervision 3. Unauthorized physical and network access 4. Employees transferring files from work and personal computers when working from home. 5. Employees sharing passwords with co-workers. The organizational structure involves balanced leadership and board diversity. Even though the offices are in multiple locations, the company's structure must allow for local offices to make important decisions to promote innovations that can eventually expand globally. Human resource models that use shared service platforms can help a company remain globally efficient. Establishing a shared service...
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...estimated added expense in managing a single full thickness pressure ulcer can be as high as $70,000.00, and the total cost to hospitals across the nation could be as high as $11 billion/year (Lynch & Vickery, 2010). Initial identification of at risk patients has been one of the keys to successfully reducing stage 3 and 4 reported pressure ulcers. The Braden scale for predicting pressure sore risk is a universally accepted tool used to help nurses identify patients who are at risk of developing pressure ulcers. The scale evaluates each patient in the following six areas exposure to moisture, sensory perception, activity, and ability to change positions, nutrition, and exposure to shear (Rosenfeld, 2010). The identification of unit specific champions is a key strategy for the continued reduction of the prevalence of pressure ulcers. These leaders on the units serve as the educators for the remaining staff on the unit. These champions would be part of a multidisciplinary team, which reviews all new research, assistive devices, and evidence-based practice concerning the treatment and prevention of pressure ulcers. The multidisciplinary team would focus on key points the help take aggressive action against pressure ulcer prevention, some of the key points are education, documentation, setting benchmarks , and walk rounds. Education would focus on proper assessment, staging and accurate completion of the Braden scale. Consistent and thorough education would be provided to the...
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