Recommendation Report Essay Example | Topics and Well Written Essays - 1000 words

Recommendation Report - Essay Example The two investors sued Bright Light for failure to honor their contract and fraudulently obtaining money from them. With evidence and witnesses having presented and appeared before the duly, the court ordered that I should conduct a thorough investigation and auditing of Bright Light company. In interviewed Thomas and Pius Longman, the CEO of Bright light. During my investigations, I found out that Bright Light had actually used Thomas in several occasions in order to manipulate its records in order to please investors. I recommend that Bright Light directed to refund the money they owe the plaintiffs. Additionally all their dividends must be paid in full in reference to the contract. On the other hand, Thomas should be subjected to the full force of the law. In addition, he should be barred from participating into any form of transactions by any of the auditing firm for the next three years. Key words: fraud, Bright Light consultant firm, manipulation of company’s records, pl ease investors. Introduction Mr. Mark Thomas was an accountant at Bright Light consultant firm. Several allegations were raised in regard to allegations of fraud by the company. In essence, in the bid by the company to develop and maintain competitive advantage, it resulted into venturing into fabricating fake accounting documents in order to attract more shareholders. In 2012, Mr. Thomas was in charge of the accounting department. ... This dubious act was intended to build confidence of potential investors in Bright Light performance. Consequently, many people invested in the company with expectations that they would get good returns in regard to the good performance record portrayed by the company. Nevertheless, this act of fraud by Bright Light would not last for long before the scandal was revealed by some investors after the company failed to honor its agreement with the investors in relation to payments of dividends due by the end of their first year they entered into a contract with the company. As a result of these deliberations, two investors sued Bright Light for failure to honor their contract and fraudulently obtaining money from them. With evidence and witnesses having presented and appeared before the duly, the court ordered that I should conduct a thorough investigation and auditing of Bright Light company. Specifically, the court wanted me to find answers to the following questions: 1. Did Thomas en gage in manipulating records? 2. If yes, why did he do that? 3. Was the company CEO aware of these accounts? 4. What is the best way to deal with such incidences if proved to be there? Results With such accounts, it is evident that Bright Light had ventured into dangerous business that put Thomas into controversy especially when it came to having a dilemma on whether he would keep the secret in order to retain his job or on the other hand, to tell the truth in order to save hundreds of investors who had invested in Bright Light. Studies have indicated that, in the accounting sector, it is crucial for persons in this profession to exercise the highest level of honesty and accountability when discharging their mandates (Hoffman, 1996;

Operations Management Assignment Example | Topics and Well Written Essays - 2000 words - 7

Operations Management - Assignment Example urse of this study the knowledge that I have acquired with regards to operations management is simply based on some of the activities that are listed above. My understanding of operations management is that it mainly focusses on the substantial measurement as well as analysis of the internal processes. The nature of this module depends on the nature of each product or service that an organization deals with. Therefore, judging from the way various organizations present their products and services is solely based on the nature they possess. This paper will thus reflect on the knowledge that I have gained throughout my operations management course. More so, the paper will also focus on how I can use the knowledge gained from this module to add value to the organization where I am currently working which is Tamkeen. Having total concentration on this module has equipped me with knowledge as well as skills that are required in order to perform the necessary processes to convert or transform the inputs of materials, human skills and energy information into products and services that will satisfy the customers’ needs. It is quite evident that operations management has given me an understanding of both the design and implementation stage of a system for better delivery of various processes such as planning and controlling. In relation to Tamkeen, below is a thorough analysis of the relevant knowledge adapted from my course that can help me in performing and adding value to my job duty. Tamkeen is a service company which focuses on providing a wide range of technical advanced equipment and components, designs solutions and also aftermarket service. The organization’s operations are centred on technical and human capital development support. Tamkeen’s customer base is the contracting and manufacturing sectors in the economy. The organization supplies various components for various markets such as the energy, water, power, petrochemical, gas and oil markets. The