Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Operation Research Expert

Ethical Issue (Internal Control and Cash): John Sullivan

John Sullivan owns apartment buildings in Nova Scotia and New Brunswick. Each property has a manager who collects rent, arranges for repairs, and runs advertisements in the local newspaper. The property managers transfer cash to Sullivan monthly and prepare their own bank reconciliations.

The manager in New Brunswick has been stealing large sums of money. To cover the theft, she understates the amount of amount of outstanding cheques on the monthly bank reconciliation. As a result, each monthly bank reconciliation appears to balance. However, the balance sheet reports more cash than Sullivan actually has in the bank. In negotiating the sale of the New Brunswick property, Sullivan is showing the balance sheet to prospective investors.

Required:
1. Identify two parties other than Sullivan who can be harmed by this theft. In what ways can they be harmed?
2. Discuss the role accounting plays in this situation.

Operation Research, Management Studies

  • Category:- Operation Research
  • Reference No.:- M928938

Have any Question? 


Related Questions in Operation Research

The agile approach towards system analysis and development

The agile approach towards system analysis and development emphasizes iterative and incremental development, in which requirements and solutions evolve through collaboration. Prepare a 1000 word essay on the requirements ...

Please explain how each department in a company could

Please explain how each department in a company could approach assessing customer expectations of a new product launch product. Describe how to use a TQM approach for fulfilling customer expectations associated with a ne ...

A critical review on use of operations research for

A critical review on use of Operations Research for Decision Making

The relationship between language and thinking please

"The Relationship Between Language and Thinking" Please respond to the following: Consider the following quote by the philosopher Ludwig Wittgenstein, who believed that thought without language was impossible: "The limit ...

In this discussion forum you will discuss the implications

In this discussion forum, you will discuss the implications of not having a clear and precise scope of the project, and why it needs to be approved by higher management. Also discuss the importance of listing, sequencing ...

For 100 consecutive days a company making nutritional

For 100 consecutive days, a company making nutritional supplements has measured the amount of a protein the company puts into its protein bars. Each day, the company takes a sample of 6 protein bars. The average across a ...

Business models and consumer choices please respond to the

"Business Models and Consumer Choices" Please respond to the following: Debate It: Take a position on the following statement: Copyright laws protect rights of creative independent artists against a large corrupt music i ...

Short essays no required length1 discuss how occupational

Short essays (no required length) 1. Discuss how occupational safety and health laws and regulations are established, implemented and possibly altered. 2. Compare and contrast this with the establishment of environmental ...

Consider the following scenarioyou have held conversations

Consider the following scenario: You have held conversations with Precision Part's leaders and obtained the following information, which you want to use in the development of a 4-year strategic management plan. PPQ Parts ...

Monitoring and evaluationinitial postings must be 250-350

Monitoring and Evaluation Initial postings must be 250-350 words (not including references). Effective health care organizations recognize the importance of monitoring the implementation of a strategy as well as ongoing ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen