Heavenly Pastries, Inc. Heavenly Pastries, Inc. was founded in 1998 by Gary Houser in Boston, Massachusetts. Over the years, Heavenly Pastries grew from a small neighborhood shop to a national brand. In 2015 Heavenly Pastries went public. At the time of the public offering, there were 100 stores across the country, employing almost 1,000 employees. Over the next three years, Heavenly Pastries doubled the number of stores and employees. Corporate headquarters, still located in Boston, realized that the accounting information system needed to be upgraded. In May, 2019, the Information Technology Division (IT) was charged with upgrading the payroll software. The Division consists of two departments, Development and Operations. The Development Department is responsible for the coding and testing of the payroll software; the Operations Department is responsible for the operation and maintenance of the new payroll software. Steven Miller is the IT Division manager. Since he supervises both departments, Steve has global access to all aspects of the payroll software, including employee additions, pay rate changes, and employee benefits changes. Steven Miller has been with Heavenly Pastries for just over one year.
Gary Houser Heavenly Pastries- Information Technology Division
He has been struggling with a gambling addiction for the past five years and has run up considerable debts. Subsequent to turning control of the new payroll software over to the Payroll Department, and before the first payroll was run using the new system. Sarah Cutter, the payroll supervisor, is responsible for updating the new payroll system, inputting employee data (names, Social Security numbers, tax and benefit information) and pay rates. Discuss means more than one or two sentences.
1. The fraud triangle lists three conditions that are usually present when fraud occurs. Discuss the three conditions and if they are present. For each condition, provide examples from the case.
2. List the red flags present that suggest the possibility of frauds and what type of frauds do these red flags suggest?
3. How would the fraud impact the financial statements?
4. Discuss the procedures you would use to detect this fraud.
5. Lastly, discuss the procedures that should be implemented to prevent this fraud.
answer; ///the correct answer is (ftc) federal trade commission;
generation: all of the people born and living at about the same time
sexuality:the ways someone(humans) express themselves sexually
Explanation:
1. Three pre requisite of fraud are:
Dishonesty, Opportunity, Motivation.
2. The red flags include,
Gambling habit of Steven Miller.
Global access of payroll software to a single employee.
Lack of segregation of duties.
3. The fraud will deteriorate financial statements and investors will not rely on the company's financial statements.
4. There should be audit of the financial statements, there can be recheck of the data by another employee which is entered into the payroll system, Sarah and Steven work should be segregated with some other employee of different department who rechecks all data of employee and verifies it.
5. There should be segregation of duties, there can be internal controls of the software which may restrict from entering dummy employees, there should be a supervision over Steven since he has gambling background.
Explanation:
There are three pre requisites of fraud which must be present for a fraud. If a fraud occurs in an organization then the reliance of lenders of finance is deteriorated. Steven is an employee who has been with Heavenly pastries for over a year. Since he has a gambling background there might be dishonesty present and he has access to entire payroll system there is an opportunity for fraud. Steven can be motivated for fraud so to avoid such a case Heavenly pastries should segregate duties of Steven with another employee.
1. Why was the rise of the conservative movement significant?
A. The moral majority was one group that helped elect Ronald Reagan.
The moral majority was a coalition of christians, especially evangelical christians, who were affiliated with the political party. These conservatives were crucial in the election of Ronald Reagan.
2. Which of these was a goal of Reagan’s conservative movement?
C. to reduce divisions related to race, ethnicity, or economic situations
That would be the closest answer, but Reagan's conservative movement was actually more concerned with the promotion of conservative policies like anti-abortion and anti-drug policies, and with economic policies like cutting taxes, or regulations.
3. What were the goals of the Gay Men’s Health Crisis group?
D. to provide counseling and legal assistance, and raise money for those with HIV/AIDS
The Gay Men's Health Crisis group was founded in New York in 1982. It took the name from the Health crisis that gay men were suffering during the 1980s due to the emergence of HIV/AIDS.
4. How did “trickle-down economics” differ from economic strategies used in previous administrations?
C. It involved cutting taxes for those at the top of the economic ladder.
Tricke-down economics is the idea that wealth obtained by those a the top of the economic ladder, with time, will trickle-down to those at the bottom. Because of this reasoning, the Reagan Administration cut taxes of the rich, and of corporations.
6. Which of these is true about the effects of Ronald Reagan’s policies on Americans?
C. Reagan’s policies contributed to a decline in living standards for the working class.
Ever since Reagan became president, income and wealth inequality in the United States have risen, and real wages have stagnated. This has reduced the quality of life of the working class in relative terms.
7. Drag the Cold War policies to categorize them as from Reagan’s administration or from previous administrations. Each category will contain two examples.
resumed positive relations with China and other nations with Communist histories - corresponds to the Nixon Administration.
called the Soviet Union an “evil empire” that was still aggressive - corresponds with the Reagan Administration. Reagan's rethoric against the Soviet Union was particularly aggressive.
used brinksmanship, or policy in which the United States pushed a dangerous issue looking for the best outcome for its side - corresponds to the Reagan Administration.
opposed the spread of Communism in Latin America by supporting other leaders - correspond to previous administrations.
9. What challenges did NATO face in the 1980s?
C. Aggressive talk between the United States and the Soviet Union intensified.
Reagan's rethoric against the Soviet Union was a lot more aggressive than that of his predecessors.
10. What caused the collapse of the Soviet Union?
D. economic issues and peaceful demonstrations by Soviet citizens
The Soviet Union entered bankruptcy due to poor economic performance, and citizens from all the republics began to protest and demand for the break up of the union.
11. How did the U.S. public respond to Operation Desert Storm?
B. The public considered Operation Desert Storm a huge success.
The Operation Desert Storm was very popular with the American public because the U.S. military managed to defend Kuwait from the much larger and aggressive Iraq.
12. What was George H.W. Bush’s approach to issues such as education and drug reform?
A. Bush believed that a greater police presence and strict rules would reduce the drug problems.
Bush was a conservative, and most conservative are in favor of drug interditction. Bush supported a greater push to the war on drugs that Nixon started in the 1970s.
the clients (funders) and customers (individual nonprofit staff) are great to work with. that i can be open about being a person of faith when appropriate. the variety of my tasks each day.
E - measured and objective
Explanation: