Embezzlement in the Workplace Assignment Example | Topics and Well Written Essays - 750 words

Embezzlement in the Workplace - Assignment Example The accounting method that the manager used was a complex deception web where he set up fake companies, made fake invoices, and delivered fake expense reports for payments supposedly made to certain companies on Quest’s behalf. This resulted in the impact on the company’s balance sheets as erroneous calculations had been made due to the fraud. This fraud led to several accounts being impacted that include account receivable as well as sales revenues. The main reason behind this impact is the fact that the erroneous calculations affected both the calculations that had been made during the fraud and that requires being re-calculated. This affected the company’s balance sheet. The other fraud case in the recent times involves Block Communications Inc. that was deceived by a thief who was hired by the company as a thief prevention specialist. The accounting method used in this fraud was computer exploits (Bilski, 2009). In this instance, instead of the ‘specialist’ protecting the interest of the entire company he wrote himself checks and then destroyed the cancelled checks, which were returned to the company. The culprit made false entries to the company’s books affecting accounts such as account receivable and sales revenues. This is mostly because the company incurred losses emanating from the fraudulent sales. This cost the company funds amounting to $1.1 million. In addition, the culprit also made false entries in the organization’s books in order to cover the tracks. This fraud affected the company’s cash flow statement. Another case of fraud incorporated missing company assets. In this particular case, a former employee in the Directory Plus company stashed away at least 100,000 directories belonging to the company assets over a period of approximately four years. The directories were hidden in there different storage units that were found to be under her name. The employee also stashed away several phone books so as to cover the tracks of the fraud activity. This amounted to over $500,000 (Bilski, 2009).  

Quality safety and management Essay Example | Topics and Well Written Essays - 2500 words

Quality safety and management - Essay Example In this regard, the CDM coordinator provides valuable advices to the client aimed towards ensuring smooth running of all project activities. CDM coordinators also help clients in finding the right contractor and designer for the project. The coordinators make clients aware of the requirements of a suitable contractor for the project, as well as about different types of management arrangements. CDM contractors ensure effective interpersonal communication between all team members in order to complete the project within the deadline. As they are concerned with the health and safety aspects of a project, they advise their clients about the risks associated with the project design process in order to offset the negativity of those risks. The role of a CDM coordinator in a project begins even before working on the project actually starts and continues for the whole life of the project. â€Å"The early appointment of the CDM co-ordinator is crucial for effective planning and establishing m anagement arrangements from the start† (Cant 2010). ... Proceeding without a CDM coordinator in charge is risky for investors because it may result in irrational decision making about different project management matters. Therefore, it is critical to put a CDM coordinator in charge before actually going on with the project planning and design processes. Here, it is imperative to point out some of the main roles and responsibilities of a CDM coordinator in project management. The first and the most important responsibility of a CDM coordinator is to give an accurate and relevant advice to the client regarding project management in such a way that the client becomes able to fulfill basic project requirements, such as, filing safety and design measures, appointing capable and knowledgeable contractors and designers, and making right arrangements at the right time. The CDM coordinator also helps the client in coordinating project planning and design work in accordance with the established health and safety measures. Notifying the Health and S afety Executive about project related processes is another duty of the CDM coordinator. A CDM coordinator also needs to identify and gather information about construction works before the beginning of the project in order to make the client aware of the need to conduct a survey about expected project risks. When the project actually starts, the CDM coordinator gets information from the client and passes it on to the concerned authorities in order to design the project in accordance with the clients’ requirements. For example, the coordinator consults the client for information update, notes down all information about required changes, and promptly provides