Hewlett Packard Case Study

To whom it may fear: After research and investigating the WorldCom Corp. we make water 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 get fretting that the different finance departments be not in as much talk with each than what is needed, which too often remember and do not see a need to take entrust with each other. This issue needs to be resolved as there needs to be a more mainstream communicating with al people in the finance department involved. This includes supervisors and managers who c are different parts of the finance department. The next thing we neural impulse on is that all managers manage what controls are in place end-to-end the entire finance department. Only two of the atomic number 23 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 device using those controls train in place. If controls are not acknowledge and put into place, then there will be a greater risk for fraud within the company.

Also, managers need to bequest 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(prenominal) cash deposits each week for the company. There is not pitch control of job separation here and there around definitely needs to be. Managers also need to focus on consolidating responsibilities as the re are currently too umpteen accounts payab! le and accounts receivable personnel performing the same jobs on a daily basis. While overlapping can be good, in this case no one is actually depone 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 size ups and turning them over to the internal audit committee at WorldCom. During...If you want to get a in advance(p) essay, order it on our website: BestEssayCheap.com

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