Services traditionally provided by the government employees

Assignment Help Financial Accounting

Reference no: EM131284738

Recently, several states have outsourced some of the services traditionally provided by the government employees. In one state, the department of health and human services(Department) has outsourced its electronic benefit transfer services to eFunds, Inc. Under the contract, EFunds Inc. Handles the electronic distribution of food stamp programs, including transaction processing, reporting, contract management, contract settlement, operations support, help desk services, and project management. For cost reasons, eFunds, Inc. sent the work to five offshore service centers it owns in India.

You are an auditor in the state's internal auditing department. Identify the risks that this arrangement introduces to the state's department of health and human services.

Reference no: EM131284738

Questions Cloud

Difference between preventive control and detective control : Controls are put in place to minimize risks so that organization's can achieve their objectives. Objectives are typically identified as operations, reporting and compliance. What in general are operational, reporting and compliance objectives? What i..

What is meant by the terms gross risk and residual risk : Don Company is in the precious metals business. A significant part of Don's success has been its willingness to develop gold and silver mines in parts of the world where it is particularly risky to do business. What is meant by the terms gross risk a..

Periodic inventory system and employs average cost method : The following information is taken from the inventory records of the Britain Company: Assume that Britain Company uses a periodic inventory system and employs the average cost method, determine cost of goods sold for April and April’s ending inventor..

Assuming that in addition to the assurance warranty : On January 2, 2017, Grando Company sells production equipment to Fargo Inc. for $50,000. Grando includes a 2-year assurance warranty service with the sale of all its equipment. The customer receives and pays for the equipment on January 2, 2017. Repe..

Services traditionally provided by the government employees : Recently, several states have outsourced some of the services traditionally provided by the government employees. In one state, the department of health and human services(Department) has outsourced its electronic benefit transfer services to eFunds,..

Regard to accommodating hardship situations : Dylan worked for a propane gas distributor as an accounting clerk in a small Midwestern town. Last winter, his brother Mike lost his job at the machine plant. By January, temperatures were sub-zero, and Mike had run out of money. What can a business ..

Who you consider to be an entrepreneur : Describe a person (famous or not) who you consider to be an entrepreneur. You do not have to name the person if this is a personal reference. Thinking about this person what makes them an entrepreneur? What skills do they have that sets them apart fr..

Operate primarily from marketing orientation : There is a major difference between organizations that operate primarily from a production orientation (concept) vs. those that operate primarily from a marketing orientation (concept). Henry Ford is famously rumored to have said "You don't need to a..

What is the debit to equity ratio : What is the debit to equity ratio for 2013(rounded to two decimal places)? Javier Co. reported the following income statement and balance sheet amounts on Dec 31,2013. 2013 2012 Net sales revenue(all credit) $1,700,000. Cost of goods sold $1,040,000.

User Account

All Pages