In a connected world, the power of technology, transportation, information, and ideas compounds and multiplies.Businesses big and small create jobs that lift their communities. That’s why customers count on our diverse portfolio of transportation, e-commerce, and business solutions.Our air, ground and sea networks cover more than 220 countries and territories, linking more than 99 percent of the world’s GDP. Any reader of this forum can request for a post to be looked into by sending an email to: [email protected] Network (BKN) is a trading division of Bookcert Ltd. St Brandon's House, 29 Great George St, Bristol, BS1 5QT, United Kingdom. We reserve the right to remove any postings which are offensive, libellous, self-promoting or engaged in covert marketing. The views expressed in the forum posts are those of the individual and do not necessary reflect or agree with those of The Bookkeepers. Any offensive or unsuitable posts will be removed by the moderators.For example, when companies take a long time to collect on outstanding bills, or they overproduce and fill up the warehouse because they can't figure out what sells, their net operating cycles lengthen.
Fed Ex will strive to develop mutually rewarding relationships with its team members, partners, and suppliers.
Employees say they enjoy their jobs because of the variety of functions they perform; owners like to think of it as "doing more with less." For auditors and fraud examiners it often indicates a lack of segregation of duties and raises concerns of internal control weaknesses.
The victimized company in our fraud examination was no exception.
Our investigation revealed that it was the trusted bookkeeper who had stolen directly from the company's cash accounts and deposited the money to several of her and her husband's personal bank accounts.
As this case began receiving publicity, one question was on everyone's mind. For external auditors and fraud examiners, the answer is the key to understanding how similar employee embezzlements can be prevented through management oversight and sound internal controls.