Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
The case of McKesson & Robbins scandal (1938) was happen due to internal fraud. This case is also happen by the faulty work of board of directors. The organization of McKesson & Robbins, Inc. had been taken on by Phillip Musica in the year of 1925. Musica also used a assumed names by that he did hide his original identity and due to this he did take the control of management in two companies. In the context of Adelphia Pharmaceutical, Musica used the name such as Frank D. Costa and also used F. Donald Coster for the organization of McKesson & Robbins. Even though, Musica was expanded the legitimate the business operations of the company successfully. But he also recruited his brothers in both the organizations by their hiding identity in which his two brother took the part inside the company and one did his work from the outside of he company (Clikeman, 2008). With the help of this, Musica generated fake documents related to the sales of company and also paid huge commissions to the company of shell distribution by the help of their control. They also made internal transactions for them and also made the assets about the $20 million by making phony balance sheet.
There was several defects in the internal systems of the company by that Musica did non ethical work and also made huge money for their self on the basis of companies assets. The internal audit of the company also was weak and the recruitment system of the company by that Msica did make huge money. Hence, the management would use the audit tests of internal controls that would help the auditors to stop the internal misconduct (Clikeman, 2008). With the help of this, the organization would improve the internal systems of the company also reduces the internal fraud.
Types of Mutual Funds The objectives of a Mutual Fund are as follows: To provide an opportunity for lower income groups to acquire property without much difficulty in the
Question 1: Analyze the practice of democracy as advocated by the early Greek political thinkers. Question 2: To what extent can Man live peacefully with each other wi
Q. Nature of the business? The working capital requirement of the firm basic depends upon the nature of the business. public utility undertaking like the water supply and rai
formula and explanation for Gordon''s dividend capitalization method
Explain in brief about Financial management These tools help the manager to figure out which sources offer the lowest cost offunds and which activities will provide the greates
In structured products like mortgage-backed and assets-backed securities, the cash flows include both principal repayment and interest. The complication arises wh
Using a spreadsheet program or a calculator, solve Tracy’s problem of how often to go to the ATM when the nominal interest rate on her bank account is 10 percent, she spends $30 ea
Rationale for corporate governance The organization of the world economy (particularly in present years) has seen corporate governance gain prominence mostly since: Insti
What are the advantages and disadvantages of the internal rate of return method? The internal rate of return process is a discounted cash flow method and a number expressed as
Determine about the Systems based audit Systems based audit is useful as it would help identify risks within the processes in an organisation and review how adequate the contr
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd