The London Whale Scandal BU486-B : Accounting Information Systems and Computer Audit & Controls Kevin G. Bullock Wilfrid Laurier University Alexander Brik - 110882860 Aman Smagh – 110257570 Jack Welton – 100791540 Zaid Iqbal – 110184970 Synopsis of the Case In April and May of 2012‚ JP Morgan Chase & Co. incurred major trading losses of $6 billion dollars. However‚ JPMorgan’s financial statements represented these losses as only $2 billion. The losses were the result of
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Clinical practice issue Introduction Medical Statistics reveal that the number of deaths has increased over the years because of lack of critical care by nurses depending on the condition of a patient. Patients admitted to the Intensive care unit sometimes lack the proper care and treatment to allow for quality treatment in the care units. The clinical practice issue‚ in this case‚ entails the provision of critical nursing services within non-traditional care sites as an advancement of patient monitoring
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Police started this program in 1929 as a means to have reliable uniform crime statistics for the nation. Law Enforcement Executives‚ Students of Criminal Justice‚ Researchers‚ Members of the Media and the public at large have used the Uniform Crime Reporting (UCR) as their starting place for information on crime across the nation. The UCR divides offenses into two groups‚ Part I and Part II crimes. The UCR program collects data about Part 1 offenses in order to measure the level and scope of crime
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1. Is this an example of fraudulent financial reporting or misappropriation of assets In this case‚ it is misappropriation of assets because the fraud is the consequence of the employee theft. As it is stated in the case “manager at Aspen store was stealing payments by customers on accounts. That’s why subledger was out of balance with the GL. To cover it up‚ the manager debited the sales account‚ which was why the gross margins didn’t make sense.” 2. What created an opportunity to commit the fraud
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of dollars to fix the problem. Having a successful company requires that you practice and have good business ethics also. Toyota business ethics have come into question over its lack of concern for the safety of the consumer and for its desire to make as much money as possible‚ therefore Toyota had a major recall after owners of Toyota vehicles raised issue about the safety of Toyota’s vehicles. Business Ethics is very important subject to a work place and it demands that a company examines
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The purpose of this memo is to disclose fraudulent reporting I have found in the company’s financial information in relation to product costs. Direct costs of work from private clients are being included in the overhead costs of the company. This increases the total overhead cost that is allocated amongst clients cost of sales‚ including the Defense Department of the government. The company has cost-plus contract with government in building and maintaining roads to military bases. In cost-plus contracts
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There are several moral ethics theories‚ including deontology‚ feminist ethics‚ virtue ethics‚ utilitarianism‚ divine command theory‚ to name a few. Every theory has its own pros and cons‚ if you will‚ and each is up for discussions and debates on just about any topic you can think of. Theories are just that – theories. According to Dictionary.com‚ the definition of theory is: a coherent group of tested general propositions‚ commonly regarded as correct‚ that can be used as principles of explanation
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Stats Notes Week Two Describing Data Mean-average (takes every value into account- Sum of all Values/total number of values=mean Median-what data is in the middle (exact middle value)? Mode-what value occurs most frequently in the data? Interval and Ratio Data Nominal Ordinal Interval-best data Ratio-best data Measures of Variation Outlier-high-end/low-end Interpret the measures of central tendency-mean‚ median‚ mode Measures of variability-range‚ standard deviation (SD) =square root
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Financial Reporting Problem Financial Reporting Problem In every company there are challenging that must be overcome to maintain a healthy business. It is important for a corporation like Wal-Mart to be aware of their competition. The ability to study and learn from other business in the same market can drastically influence the success of an organization. It is equally important to ensure that a corporation is aware of their own strengths and weaknesses. A corporation as large as Wal-Mart
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Crime Reporting & Rates Response Paper UOPX CJS_200 01/18/2013 1) What is the purpose of major crime-reporting programs? What makes a successful crime-reporting program in the United States? There are a few factors for the purpose of having a crime-reporting program‚ other than just collecting crime statistics. One of the many reasons why crime-reporting is so important is because they can determine if any new programs‚ or new laws‚ or new techniques that were implemented are working
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