Hewlett Packard Case Study

To whom it may fear: After research and investigating the WorldCom Corp. we lay out determined an analysis of things that need to be improved upon in order to have a more secure and answerable accounting and finance department. In interviewing employees, we have discern tutelage that the different finance departments be not in as much talk with each than what is needed, which too often view and do not see a need to keep with each other. This issue needs to be resolved as there needs to be a more mainstream confabulation with al people in the finance department involved. This includes supervisors and managers who mete out different parts of the finance department. The next thing we influence on is that all managers manage what controls are in enjoin end-to-end the entire finance department. Only two of the tail fin managers interviewed knew of any(prenominal) controls in place in their department only. Managers must know what controls are in place and recognize how to detect chicanery using those controls train in place. If controls are not recognize and put into place, then there will be a greater risk for fraud within the company.

Also, managers need to insert at establishing who may be doing multilateral cash deposits as we learned, the person that records all deposits is also the one making the multilateral cash deposits each week for the company. There is not primed(p) control of job separation here and there nearly definitely needs to be. Managers also need to focus on consolidating responsibilities as there are currently too umpteen accounts payable and acc ounts receivable personnel performing the sa! me jobs on a daily basis. While overlapping can be good, in this case no one is actually affirm 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 studys and turning them over to the internal audit committee at WorldCom. During...If you want to get a safe essay, order it on our website: BestEssayCheap.com

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