How Does an assessment Differ from a great Audit Dissertation

Pedro Cortes

The critical issue is that Craig Minkow cheated the public out of huge amount of money and that went undiscovered by 3rd party auditors as well as the SEC for long periods of time. •Critical factor # 1- non-e of the auditors were able to identify the scams that ZZZZ Best Firm was assigning. George Greenspan, the 1st auditor, stated that they assumed the insurance refurbishment contracts were real because he contacted a 3rd party to confirm that they can were actual. Tom Padgett, the person that Greenspan counted on, was obviously a participant of Minkow's scam scheme. For that reason, Greenspan was unable to find fraud. Ernst & Whinney were his successor auditor. •Critical component # 2- One way ZZZZ Best surely could avoid recognition of their scams is by hiding their Ponzi scheme because insurance repair contracts. The majority of the money ZZZZ Best was making originated in fake repair contracts. The organization was able to break free with this for so long because they went to superb lengths to conceal their scheme. Minkow was able to influence Padgett to do business with him within this scheme. Padgett was the primary officer of Interstate Appraisal Services. This made it simple for Minkow to hide their imitation restoration agreements since he had a third party helping his story. ZZZZ Finest also found an area where that they could persuade the auditors that they a new contract for the restoration from the building. They paid off the building's florida security officer to ensure that all their scheme would not be uncovered. •Critical factor # 3- Barry Minkow was found guilty on 57 counts of securities scam, money washing, embezzlement, tax evasion, and bank scam. It had not been until a lady that was obviously a victim of one of Minkow's scam that his scam was recognized. She gathered other people who have been scammed and sent most of her studies to the Los Angeles Times. This is what eventually led Minkow being caught. Having been sentenced to 25 years in prison. •Critical factor # 4- Ernst & Whinney did not...



With reference to the own or additional identified HR role, describe how a great HR Doctor should ensure the services they supply are well-timed... - 774

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