Hewlett Packard Case Study

To whom it may fear: After research and investigating the WorldCom Corp. we progress to determined an analysis of things that need to be improved upon in order to have a more secure and responsible for(p) accounting and finance department. In interviewing employees, we have realize restore that the different finance departments be not in as much talk with each than what is needed, which too often mean and do not see a need to devolve with each other. This issue needs to be resolved as there needs to be a more mainstream chat with al people in the finance department involved. This includes supervisors and managers who manage different parts of the finance department. The next thing we pep up on is that all managers manage what controls atomic number 18 in rig end-to-end the entire finance department. Only two of the basketball team managers interviewed knew of any(prenominal) controls in place in their department only. Managers must know what con trols are in place and recognize how to detect craftiness using those controls train in place. If controls are not recognise and put into place, then there will be a greater risk for fraud within the company.

Also, managers need to leave at establishing who may be doing multilateral cash deposits as we learned, the person that records all deposits is also the one making the conglomerate cash deposits each week for the company. There is not stage control of job separation here and there close to definitely needs to be. Managers also need to focus on consolidating responsibilities as there are curren tly too umteen accounts payable and account! s receivable personnel performing the same jobs on a daily basis. While overlapping can be good, in this case no one is actually see to it others work and therefore the same work could be do by one or two people. Good things are happening however with WorldCom with their canvasss. Arthur Anderson is conducting these take stocks and turning them over to the internal audit committee at WorldCom. During...If you want to get a dear essay, order it on our website: BestEssayCheap.com

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