Hewlett Packard Case Study

To whom it may fear: After research and investigating the WorldCom Corp. we attain determined an analysis of things that need to be improved upon in order to have a more secure and trustworthy accounting and finance department. In interviewing employees, we have know doctor that the different finance departments be not in as much talk with each than what is needed, which too often see and do not see a need to pass away with each other. This issue needs to be resolved as there needs to be a more mainstream communion with al people in the finance department involved. This includes supervisors and managers who allot different parts of the finance department. The next thing we incite on is that all managers manage what controls be in spotlight end-to-end the entire finance department. Only two of the cinque managers interviewed knew of any(prenominal) controls in place in their department only. Managers must know what controls are in place and recog nize how to detect cunning using those controls train in place. If controls are not accept and put into place, then there will be a greater risk for fraud within the company.

Also, managers need to exhibit at establishing who may be doing multilateral cash deposits as we learned, the person that records all deposits is also the one making the sundry(a) cash deposits each week for the company. There is not fixate control of job separation here and there more or less definitely needs to be. Managers also need to focus on consolidating responsibilities as there are currently too numerous accounts pay able and accounts receivable personnel perfo! rming the same jobs on a daily basis. While overlapping can be good, in this case no one is actually corroborate 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 inspects and turning them over to the internal audit committee at WorldCom. During...If you want to get a salutary essay, order it on our website: BestEssayCheap.com

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