Internal controls for small resort operation : A case study

2016 ◽  
Vol 30 (12) ◽  
pp. 125
Author(s):  
Won-Seok Suh ◽  
Jin-Young Kim ◽  
Dong-Wan Ko
Keyword(s):  
Internal Controls

scholarly journals Efektivitas Pengendalian Internal Persediaan Obat-Obatan Penanggulangan Covid-19 Di Instalasi Farmasi Dinas Kesehatan Provinsi Jambi

2021 ◽  
Vol 11 (2) ◽  
pp. 185-194
Author(s):  
Uni Mardhotillah ◽  
Diska Arliena Hafni
Keyword(s):  
Internal Control ◽  
Case Study Research ◽  
Qualitative Approach ◽  
Internal Controls ◽  
Medicine Management ◽  
Study Research

This research aim to analyze effectiviness of internal control of Covid-19 medicine management avalibility at pharmaceutical installation of Jambi Health Departement. This research is case study research with qualitative approach. The results showed that the pharmaceutical installation of the Jambi Health Office had carried out internal controls well to protect its assets and efforts to increase its managerial activities. The Jambi Health Office Pharmacy Installation has implemented internal control based on COSO standards in managing supplies of special medicines for Covid-19 prevention properly and effectively. This can be proven by the fulfillment of the implementation of 13 indicators (87%) of the 15 COSO indicators that have been carried out by the Pharmaceutical Installation of the Jambi Health Office.

scholarly journals E-Commerce Website as Seller Media for End User at Banyuwangi Mall

2018 ◽  
Vol 7 (2.13) ◽  
pp. 425
Author(s):  
Pending Puji Dwi Astuti ◽  
A A. Gde Satia Utama
Keyword(s):  
Current System ◽  
Internal Controls ◽  
Costs And Benefits ◽  
End User ◽  
Case Study Method ◽  
Account System ◽  
Design Proposal ◽  
Satisfaction Theory ◽  
Data Collection Procedure

This study aims to perform evaluation using End User Computing Satisfaction theory on Seller Account Banyuwangi Mall. The approach used in this research is qualitative explorative approach with case study method from SME seller of goods product. The data collection procedure used in this research is interview, observation, and documentation. The result of this research based on evaluation of Banyuwangi Mall e-commerce system shows have satisfaction as end user. The current system is adequate, but needs to be improved. Such improvements are used to improve the efficient use of the Banyuwangi Mall ecommerce system, especially the seller account system operated by SME actors who sell their products through Banyuwangi Mall. The improvement is a redesign of the sales system. The designs made have been adjusted based on the necessary improvements taking into consideration the costs and benefits, as well as the internal controls in each of their activities, so that the design proposal on the Banyuwangi Mall seller account is well worth considering. Further research is expected to be an evaluation and improvement of the appearance of the customer or buyer to make buyers more interested in transactions through Banyuwangi Mall and simplify the use.  

scholarly journals Outsourced Services, Supervision of Contracts and Labor Liabilities: Case Study UNIR From 2015 to 2019

2020 ◽  
Vol 12 (1) ◽  
pp. 22
Author(s):  
Aline Cristina Helfenstein ◽  
Douglas Fernando Batista Neis ◽  
Flávia Regina Alves de Hungria Folador ◽  
Marlene Valério dos Santos Arenas ◽  
Rafael Vicente Martins dos Reis ◽  
...  
Keyword(s):  
Qualitative Research ◽  
Internal Controls ◽  
Labor Reform ◽  
Public Agency ◽  
The Public ◽  
Service Contracts ◽  
Documentary Analysis ◽  
Management Contracts

This article aims to identify the monetary amounts spent by Fundação Universidade Federal de Rondônia (UNIR), with Labor Court due to administrative failures during the supervision of outsourced service contracts. It is a case study, with qualitative research, with documentary analysis of the decisions, sentences and judgments delivered in the processes. After the analysis of 68 (sixty-eight) cases in which UNIR appeared in the passive pole, categories were identified for the classification of the cases. It was found that there was a reduction in the number of lawsuits against UNIR after the Labor Reform and 21 (twenty-one) lawsuits were identified in which UNIR was ordered to pay labor indemnities or the contracted companies signed labor agreements, causing the public agency to be obliged to make payments through Small Value Requests (RPV), or Precatories, deriving from failures in internal controls and management contracts at Fundação Universidade Federal de Rondônia (UNIR).

scholarly journals White Collar Fraud: A Case Study of KOSS

2016 ◽  
Vol 3 (1) ◽  
pp. 22
Author(s):  
Gagan Kukreja ◽  
Robert Brown
Keyword(s):  
Audit Committee ◽  
Internal Audit ◽  
White Collar ◽  
Internal Controls ◽  
Accounting System ◽  
Financial Statement Fraud ◽  
External Auditors ◽  
Executive Staff ◽  
American Express

Fraud does not draw community and political reaction like other crimes (Chapman & Smith, 2001) yet many believe that fraud can be as serious or even more serious than certain types of street crimes (Rebovich & Kane, 2002). The financial statement fraud of KOSS, an American company of more than $34 million was discovered in 2009 after the tipoff from American Express to Michael Koss, CEO. The fraud was significant relative to the size, turnover and profit of the organization perpetrated by senior accounting professional (white collar). KOSS would be classified as an SME and this fraud emphasizes that it is not only large organizations that need to be vigilant regarding accounting frauds and internal controls, but smaller companies as well. Because of its size, KOSS had little segregation of duties and, as was later revealed, massive weaknesses in internal controls. The external auditors, (Grant Thornton, LLP or “GT”) upon whom management were relying, did not have a full understanding of the business and clearly did not meet the expectations of senior management. It is also appeared that auditors failed to apply required audit standards during the audit. Later on, the external auditors agreed to pay KOSS compensation worth $8.5 million in July 2013 as a settlement.The board of directors including audit committee appeared to be unconcerned regarding effective internal controls, risk management and (wrongly) assumed that they could trust their senior executive staff. The board’s limited policy of ethics and compliance was outdated and did not include a whistleblowing policy. There was no internal audit function reporting to the board. Further, the computerized accounting system was outdated and lacked the application controls found in more modern applications. The purpose of this case study is to analyze what went wrong at KOSS, who was involved in fraud and how such kind of frauds can be avoided in future.

The European Union Never got Rid of Its Internal Controls

2018 ◽  
Vol 20 (1) ◽  
pp. 1-27 ◽  
Author(s):  
Iker Barbero
Keyword(s):  
Police Officers ◽  
Basque Country ◽  
Internal Controls ◽  
Annual Data ◽  
The European Union ◽  
Police Station ◽  
The People ◽  
Northern Border ◽  
Border Town

AbstractThe police station in Irun, a border town between the Spanish and French states, has the highest inter-annual data of arrests of foreigners in irregular situations when compared to other police stations in the Basque Country. This pattern, of which many are unaware, is due to police identity checks in the border surroundings. The place where the border barrier was once, was occupied by a car toll booth constructed with a very particular structure: as a border, with cabins for police officers. In addition, the data for border readmission between these two states, under an agreement signed in 2002, requires special attention: 300,000 people were deported across the Northern border. 70% of the people detained in the French Detention Centre at Hendaia in 2015 were caught at the border. This case study on the Spanish-French border will shed some light on a disregarded topic: internal borders. Regulation in these areas is diverse. Many exceptions and specificities apply, in parallel or alternatively to the ordinary immigration rules, as a matter of exception to the law. In considering this, we need to rethink the image of a borderless Europe as stated by the Schengen agreement. Since the publication of Balibar’s essay ‘What is a border?’ (2005), the controls have multiplied all along the territory as a kaleidoscopic vision. Theeuinternal borders have never disappeared, but have mutated into a police managed model of internal borders.

Tesco Accounting Misstatements: Myopic Ideologies Overshadowing Larger Organisational Interests

2016 ◽  
Vol 7 (1) ◽  
pp. 9
Author(s):  
Gagan Kukreja ◽  
Sanjay Gupta
Keyword(s):  
Risk Management ◽  
Corporate Governance ◽  
Control Systems ◽  
Internal Controls ◽  
Enterprise Risk Management ◽  
Reporting Standards ◽  
Management Change ◽  
The People ◽  
Enterprise Risk

This case study explores what went wrong in Tesco that resulted in the fraud of accounting misstatements of the magnitude of £263 million, why the fraud remained undetected over a number of years, which resulted in catastrophic consequences for both Tesco and its stakeholders. Furthermore, it highlights the lessons learnt from this debacle in Tesco, with focus on enterprise risk management, change management, corporate governance, materiality of transactions from accounting perspective, auditors' independence, sound accounting practices, internal controls and, employees' incentives policies. Finally, while the ultimate price of these scandals is paid by the society at large - particularly stockholders who put their hard earned savings in these institutions just on the basis of their trust on them - and while such scandals are often attributed to gaps in internal controls and auditors' negligence, this study concludes that, whatever controls are put in place or whatever accounting and reporting standards are set, if the people who are the part of system themselves decide to bypass the control systems, it is next to impossible to prevent such fraudulent activities. This case study has been prepared for educational purposes based on public available sources such as newspapers, magazines, websites and other referred articles.

scholarly journals Auditors’ Duty to Respond to “Red Flags” Indicative of Overvaluation of Inventory: A Case Study of Sanchez v. Deloitte & Touche

2021 ◽  
Vol 04 (08) ◽  
Author(s):  
Stephen Errol Blythe ◽  
Keyword(s):  
Control System ◽  
Internal Controls ◽  
Red Flags ◽  
Securities Fraud ◽  
Securities Litigation ◽  
Accounting Principles ◽  
Legal Case ◽  
Legal Justification ◽  
The Impact

This is a legal case study of Sanchez v. Deloitte & Touche. It covers: (a) legal elements of a securities fraud claim; (b) the effect of the Private Securities Litigation Reform Act upon the pleading of an auditor’s complicity in securities fraud; (c) how SEC Rule 10b-5 affects auditors; (d) potential red flags pertaining to an audit client’s deficient inventory control system; (e) the failure of a client’s internal controls to detect a gross overvaluation of inventory; (f) the failure of an auditor to ensure that the client’s inventory is valued at the lower of cost or market, as required under General Accepted Accounting Principles; (g) the court’s decision as to whether the auditor in this case was liable for complicity in securities fraud, the court’s legal justification for the decision, and the impact of the red flags on the court’s decision.

scholarly journals Fraud at the Public Park Community School District

2020 ◽  
Vol 15 (1) ◽  
pp. 90-100
Author(s):  
Rania Mousa
Keyword(s):  
School District ◽  
Internal Control ◽  
Internal Controls ◽  
Public School Districts ◽  
Community School ◽  
Public Park ◽  
The Public ◽  
For Profit ◽  
Not For Profit

ABSTRACT This case study examines potentially fraudulent activities that took place in the Public Park Community School District. Students start their investigations by reading each section and answering case questions. Students analyze potentially fraudulent incidents, identify red flags, calculate potential losses, examine deficiencies in internal controls and suggest effective internal controls. Student feedback indicates the case increased their understanding of fraudulent activities, internal control weaknesses, and effective internal controls in the specific context of public school districts. The findings also highlight the importance of cultivating a strong internal control environment in not-for-profit organizations engaging in fundraising activities.

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