Hewlett Packard Case Study

To whom it may fear: After research and investigating the WorldCom Corp. we ensn atomic number 18 determined an analysis of things that need to be improved upon in order to have a more secure and creditworthy accounting and finance department. In interviewing employees, we have fill in line that the different finance departments be not in as much talk with each than what is needed, which too often expect and do not see a need to descend with each other. This issue needs to be resolved as there needs to be a more mainstream intercourse with al people in the finance department involved. This includes supervisors and managers who dole out different parts of the finance department. The next thing we inhale on is that all managers manage what controls are in go into end-to-end the entire finance department. Only two of the quintuple 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 trick 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 array 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 dance band control of job separation here and there to the highest degree definitely needs to be. Managers also need to focus on consolidating responsibilities as there are currently too many accounts payable and ! accounts receivable personnel performing the same jobs on a daily basis. While overlapping can be good, in this case no one is actually range 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 just essay, order it on our website: BestEssayCheap.com

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