Knottyville Case Essay Example

Knottyville Case Essay After completing and discussing this case, you should be able to Evaluate misappropriation risk factors Evaluate internal controls Design new control Governance in non-profit sector Analyze materiality decisions Apply ASS 99, PEPCO ASS, and SAAB 99 Perform cost benefit analysis Knotty,ill Country Club: An Instructional Case on Asset Misappropriation There was a stunned silence in the courtroom as the Circuit Judge was about to announce the sentence. Mimi are sentenced to 15 years in prison for grand theft. Your abominable conduct ran long and deep, and it is now time to pay for it, said the Judge. The judge also suspended an additional 25 years in prison time for Fancy Rockbound. One of the members of the country club told Fancy that she was trusted as a family member by the patrons of the club and that trust was betrayed by Fancy. Overview of the Club: Inattentively Country Club (the Club) caters to the desires of its 1 ,800 dues-paying full members, 800 associate members and their guests. It also rents out its halls and ballrooms for weddings, reunions, and other gatherings. We will write a custom essay sample on Knottyville Case specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Knottyville Case specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Knottyville Case specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Built on the banks of the Missouri river, Inattentively Country Club offers a variety of exciting , fun-filled activities for its members. The Club was established in 1944 with a nine-hole golf course and an outdoor swimming pool. Since its opening, the Club has steadily continued to expand. It now (in 2007) has one of the most impressive 27-hole golf courses in the upper Midwest, six tennis courts, a spectacular clubhouse with lovely views, two swimming pools, an indoor basketball court, beautiful dining rooms with chandeliers, a restaurant, a bar and other opulent amenities. The Club facilities were in great emend and there was a six-month waiting time to book the halls for company picnics, banquets, family reunions, wedding receptions, and the like. There was also a waiting period to gain full membership. Inattentively Country Club is a member- owned, private country club. The seven member board of directors is elected every two years by the members. It includes four officersthe president, vice president, secretary and treasurer?and is responsible for the day-to-day management of the Club. The board has broad powers to borrow money and to enter into contracts necessary for the normal operation of the Club. The Club has five committees membership committee, the finance committee, the nominating committee, the construction and maintenance committee and the special events committee. The treasurer is an ex-officio member of the finance committee. The finance committee met Just twice a year. The Club was taking in approximately $8 million each year in membership fees alone. In addition, the restaurant, the bar, banquets, rentals and a variety of other programs brought in an additional $18 million each year. The president of the club was a friendly, Jovial fellow and treated everyone with great warmth. He had no accounting or finance background. He was very trusting of people, in general and considered all employees and members as belonging to one big happy family. Shenanigans of the general manager: Fancy Rockbound was employed by the Club in a variety of capacities for twenty-two years including the bookkeeping function. The last six years she served as the general manager and continued to serve as the bookkeeper for the Club. Fancy was also in charge of ordering all supplies. The Club policy required two signatures on each check. As the general manager, Fancy had check signing authority. The other signature had to come from another employee, Sarah or from Robert, who is on the road of directors and is the treasurer. Fancy often asked Sarah to sign blank checks in advance so that she can pay the bills on time and does not have to wait for the second signature. Unsuspecting Sarah would readily oblige and would sign several blank checks from time to time. As the bookkeeper, Fancy was in charge of maintaining the accounting records. She did the monthly bank reconciliation as well. Every three months Fancy would meet with the finance committee of the board and report about the financial situation. She would prepare simple profit and loss statements and a balance sheet. Working with the treasurer, she also presented the annual budget to the finance committee for its approval. Because Fancy was in charge of ordering supplies, she would often insist that they buy alcoholic beverages from a particular supplier who was her college classmate. Members of the Club were allowed to charge their meals and drinks and pay for them later when the monthly statements are mailed to them. Fancy would charge a few dollars extra to some members monthly restaurant/bar bills. If the members did not notice the extra charge, she would keep the money. If the members complained that they did not order that item or were not at the club on that day, she would apologize, blame it on clerical error and give credit to the complaining members. She would then accuse the server of punching in the wrong member number and take small amounts of money ($50, $36, $84 etc. Out of the paychecks of servers. Fannys argument was that the servers had to pay for the mistakes they made. The amounts taken from the servers were quite small when compared to the gigantic amount stolen. Fancy has been spotted by her co-workers at various video lottery parlors over the years. There is a rumor that she had a mild gambling addiction. She had acquired a couple of expensi ve sports cars in recent years and has taken several expensive vacations to exotic places including the French Riviera, Bangkok, and the Bahamas. It was revealed in court that Fancy had paid off large personal credit card debts of her family using the stolen money. The grand theft occurred evenly over a six-year period from 2001 to 2006. Ironically, it was a bank official who got suspicious about some transactions and alerted the president of the club. The bank official did some investigation when he found out that the business account of the Club was overdrawn. His investigation account to take care of the balance. Alarm bells rang. He blew the whistle by informing the Club president about his suspicions. The Club terminated Fannys employment in February, 2007 and ordered an internal investigation. A month later, the Club also filed a police complaint about the grand theft. When Fancy was sentenced to 15 years in prison, she had already paid back $400,000 of the $1. 2 million she had embezzled. She has sold her home and other assets to pay back this money. The Club is unlikely to get any more money from Fancy and the remaining $800,000 is gone. This whole episode has made many club members rather uneasy and 400 of them have already quit the club.

Free Essays on Neolithic

In some regions, farming arose through native developments, and in others it spread from other areas. It allowed more permanent settlements, the accumulation of surpluses and wealth, much larger and denser populations, the development of more profound status and rank differences within populations, and the rise of specialized crafts. Neolithic tool-making shows a great deal of technological advances from the Mesolithic. Neolithic industries often include blade technologies and a wide range of retouched tools, including endscrapers (narrower scrapers for working hides), backed blades, and a wide range of projectile points. Other technological developments in the Neolithic include grinding stones, such as mortars and pestles, for the processing of cereal foods, the widespread use of pottery for surplus food storage and cooking, the construction of granaries for storage of grains, the use of domesticated plant fibers for textiles, and weaving technology. The domestication of plants and animals led to an astonishing social change during the Neolithic. Some Neolithic graves contain rich stores of goods or exotic materials, revealing differentiations in terms of wealth, rank, or power. In certain areas, especially parts of the Near East and Western Europe, Neolithic peoples erected massive ceremonial complexes, efforts that would have required extensive, dedicated work forces. Large earthworks and giant stone monuments from the Neolithic suggest more highly organized political structures and more complex social organization than among most hunter-gatherer populations. In most cases, men hunted for food, while women would gather it. Women may be the reason why the Neolithic cultures began to farm. It is said that women planted the first seed of Neolithic agriculture. Pottery and textile fabrication were tasks often performed by women. Later, women in Neolithic societies became basic housewives, they would cook, clean, birth a... Free Essays on Neolithic Free Essays on Neolithic In some regions, farming arose through native developments, and in others it spread from other areas. It allowed more permanent settlements, the accumulation of surpluses and wealth, much larger and denser populations, the development of more profound status and rank differences within populations, and the rise of specialized crafts. Neolithic tool-making shows a great deal of technological advances from the Mesolithic. Neolithic industries often include blade technologies and a wide range of retouched tools, including endscrapers (narrower scrapers for working hides), backed blades, and a wide range of projectile points. Other technological developments in the Neolithic include grinding stones, such as mortars and pestles, for the processing of cereal foods, the widespread use of pottery for surplus food storage and cooking, the construction of granaries for storage of grains, the use of domesticated plant fibers for textiles, and weaving technology. The domestication of plants and animals led to an astonishing social change during the Neolithic. Some Neolithic graves contain rich stores of goods or exotic materials, revealing differentiations in terms of wealth, rank, or power. In certain areas, especially parts of the Near East and Western Europe, Neolithic peoples erected massive ceremonial complexes, efforts that would have required extensive, dedicated work forces. Large earthworks and giant stone monuments from the Neolithic suggest more highly organized political structures and more complex social organization than among most hunter-gatherer populations. In most cases, men hunted for food, while women would gather it. Women may be the reason why the Neolithic cultures began to farm. It is said that women planted the first seed of Neolithic agriculture. Pottery and textile fabrication were tasks often performed by women. Later, women in Neolithic societies became basic housewives, they would cook, clean, birth a...

Animal Make Us More Human Essay Example | Topics and Well Written Essays - 750 words

Animal Make Us More Human - Essay Example Naturally children, when left to their own devices, will take the first step and form activities and other stories in the world which is around them. With children who have passed their toddler age, most imaginative games and plays begin because of parental guidance or supervision. Unstructured free play takes place in many varying environments, but, the outdoors may give more chances for free play because of movable items, such as dirt, sticks, rocks, leaves, which provide them with the opportunity of creation and exploration. Some parents do not find it easy to give unstructured play time for the kids. Giving kids time without continuous supervision and guidance, in particular outside play, is difficult. It feels difficult to find reasonable concern, over-attention and the yearning to get kids familiar with freedom and learned from their own experiences and mistakes. Emotional intelligence and socialization is increased through physical movement and shared interactions. Children also work together to come up with what game they have to play and then agree the rules and how to deal with scenarios that always involve the varying perspectives of all. These works they do together build in the social qualities that everyone want for their kids. Children are building with self-awareness, compassion, empathy, flexibility and self-regulation. This emotional development is endorsed with the physical health as kids playing outside move a lot. In children and adults alike the level of physical activity has been well recognized to reduce the anxiety, stress and despair and to enhance the overall mood. This research is thin in young adults and youngest kids get the most advantage as well. Free play in young children and toddlers most often involves the burst of gross motor activity over a time period with numerous ones over a time period. Most of the children are laughing

My response Essay Example | Topics and Well Written Essays - 1000 words

My response - Essay Example It is a reflection of numerous economic indicators, offering an overall measure of the economic growth, competitiveness, and the living standards that are dominant in an economy. It is labor productivity which explains the basics needed to understand econmic growth and social development (Freeman). Increase in labor productivity is said to increase the standard of living in an economy. When productivity increases, the price of products and services decreases which in turns increases domestic as well as foreign consumption for those particular products and services. To meet this increase in demand, overall production increases which utilizes more use of equipment and a greater demand for workforce. Hence, employment increases, real wages of the working class grow and the overall economy flourishes (Galarneau and Dumas). The first 3 paragraphs of the article ‘One Pay Gap Shrinks, Another Grows’ basically tells about how income distribution has not been equal. It is said that the major argument is not whether men have done better than women or vice versa. It is true that women are winning the race of obtaining college diplomas and male high school dropouts are at the top of those suffering the repercussions of the poor job situation. However, it is not only the education system that needs to be revised for better income distribution. The question that matters and need to be answered is ‘why the median worker hasn’t earned more’. There certainly has been an increase in overall wages, but this increase is very moderate. It is also believed that productivity is good but not at par with growth 1947-1963. According to the sources, the bottom 80% of the people would have had $670 billion more of what they have now if the growth rate would had been constant from 60s. This means that the growth rate is perfectly fine but the income has not been distributed equally.

Genetically Modified Foods Essay Example for Free

Genetically Modified Foods Essay In the world, many people are not getting the balanced amount of nutrition-needed daily. There are many vitamin deficiencies that can lead to illnesses, malnutrition, and death. However, biotechnology has made this pandemic decrease through genetically modified foods. Many people think that these foods are unhealthy for people, and they are harmful. They think that this type of food is untraditional. I believe that genetically modified foods are good for countries that have high malnutrition rates. They are also good to help preserve food against pesticides. The purpose of this essay is to show how genetically modified foods are good for countries with malnutrition. Genetically modified foods are food that has received a segment of DNA or genes from another organism through biotechnology engineering. Biotechnology is the exploitation of biological processes for industrial and other purposes, especially the genetic manipulation of microorganisms for the production of antibiotics, hormones, and etc. The most commonly known genetically modified food is golden rice. Golden rice is engineered to contain a higher amount of vitamin A to improve the health of unskilled laborers in undeveloped countries. Golden rice is mainly used in Asian countries or countries whose staple food is rice. Originally, rice doesn’t have a high amount of vitamin A, and in those countries there are high amounts of deficiency in Vitamin A. Vitamin A plays a significant role for healthy vision, strong bones, supple skin, normal cell regeneration, reproduction, and helps the immune system fend off infections. A deficiency in Vitamin A can result in eye diseases such as Nyctalopia (night blindness), Xerophthalmia (dry eye syndrome) , and/or total blindness. Golden rice is enhanced with multiple DNA, including DNA from daffodils. Also, this rice has a higher amount of beta-carotene. In my opinion, golden rice is good for undeveloped countries whose staple is rice because this rice contains DNA from another plant. Therefore, it doesn’t have a lot of chemicals that could eventually be harmful to people’s body. There are more foods that are genetically modified such as corn, potatoes, soybeans, squash, canola, flax, and tomatoes. Corn and potatoes are modified with a gene to produce an endotoxin. An endotoxin is a toxic substance produced and stored within the plant tissue. This endotoxin protects these vegetables from corn-borer pest and the potato beetle. Likewise, soybeans can be modified with a gene from a bacterium to make it herbicide resistant. A herbicide is a type of pesticide that is used to kill unwanted plants, such as weeds. This can keep vegetables safe from harmful insects. These insects can destroy or make the vegetable harmful for digestion. Some people may say that genetically modified foods are untraditional. However, many foods that are used today are modified. The genes of many plants have been modified so much over the years that they are embedded into the DNA of the plant. Cross breeding was the first forms of modifying food through genetics. Since cross breeding was discovered, it was a large part of agricultural processes. Therefore, many vegetables, whether organic or not, have been modified somewhere down the history line of that vegetable. In conclusion, many people feel that genetically modified foods are not a traditional or healthy way to eat. However, genetically modified foods can help undeveloped countries become healthier and prevent some vitamin deficiencies, such as Vitamin A deficiency. Many vegetables are modified to help prevent them from their common pest and enemy-like plants. Also, throughout the years many plants have undergone minor genetic changes. These changes are used in vegetables today to help make them healthier and keep them fresher longer. This can make the world a healthier and better place.

Dreams :: essays research papers

Dear Dr. Universe, Why do we dream? Pat Caraher - Pullman, Washington When I asked Barbara Hammond this question, the first thing she said was, "Who knows?" Barbara Hammond is a psychologist at Washington State University. What she means is that a lot of people have some interesting ideas about dreams. But that's about it. By the time you finish reading this, you'll know much of what we know for certain about dreams. You're about to become a dream expert. One thing we do know is WHEN we dream. That's during a period of sleep called "REM sleep." REM means rapid eye movement. During REM, your eyes are moving around a lot even though they're closed. Your brain is also very busy--and you're dreaming. Hey, I'm no Sigmund Freud, but who's a psychologist to turn to when they have a weird dream they want to talk about? Another thing that happens during REM is that your muscles are basically paralyzed. You know those dreams where you're trying to run away from something, but your legs are really, really heavy? Now back to WHY. According to Ms. Hammond, there are two sets of explanations. First there's the "physiological" set. "Physiological" has to do with how the body works. Some scientists think maybe we dream in order to exercise our brains. When you're awake, messages are constantly speeding among all your billions of brain cells to keep you moving and thinking and digesting and so on. So the idea is that when you're asleep, dreams exercise the "pathways" between the brain cells. Personally, I like this idea of exercising while I sleep. There are a couple of things that help this idea make sense. The first couple years of your life are the most intense for learning. That's also when you have the greatest amount of REM sleep -- which means you probably dream an awful lot. Another thing--your brain waves during REM sleep look about the same as your brain waves while you're awake. (Brain waves are electrical patterns that show up on a machine that measures the brain's activity.) During other parts of sleep, the brain waves look very different. Then there's the "psychological" set of ideas about why we dream. Psychology has to do with your thoughts and emotions. Ms. Hammond says that most dreams are actually about immediate concerns in our lives. Some dreams may help us know more about ourselves. Others might be practice for dealing with daytime problems.

Peter Cratchit Essay

Dickens reveals his feelings about the importance of children and family in many ways. He vividly describes to us in several scenes, children and family enjoying themselves on Christmas despite their poverty, for example the Cratchit family scenes. However in contrast to this he also shows children hopelessly suffering on the streets, for instance the ignorance and want scene and the surplus population scene. Dickens writes in a personal, conversational and emotional way. He has the imagination and the creativity of a child. His style of writing challenged the views of Victorians, who disapproved of the importance of children and family. In Victorian times the society was declining so much that they had built workhouses and prisons for poor families and the surplus population to live in. Dickens style of writing is very unique and inventive. It is unlike any other Victorian authors who wrote in a manlier like attitude. They weren’t as emotional or sensitive as Dickens was. Unlike Victorians Dickens writes with the imagination and creativity of a child, whilst still writing the novel in a professional and successful manner. He uses effective similes and metaphors to create almost ridiculous imagery, for example when Dickens describes a house in a neighbourhood, he describes it as, ‘playing at hide and seek with other houses’. This description would surprise many Victorians readers. Dickens made Victorians think, why is Charles Dickens a respected popular author writing as though he is a child? Dickens perhaps writes his descriptions in this manner because he wants Victorians to know that children are actually cleverer then what they are credited for. Dickens fully believes that children should be free to unleash all their childish energy at times such as Christmas. Dickens creates a scene full of fun and excitement. When he writes, ‘What would I not have given to be one of them! ‘ this is a personal comment, typical of Dickens’ friendly, honest, conversational style. The Victorian readers would be impressed and slightly surprised by a grown man admitting to having such childlike impulses. Dickens describes children and family who enjoy Christmas despite their poverty. This is clearly shown in the first of the Cratchit scenes where he shows the family ecstatic with excitement and joy. This ecstatic energy and excitement is shown when Tiny Tim was at the dinner table curiously waiting for his Christmas lunch, ‘he beat on the table with the handle of his knife’. This description makes the reader think that even Tiny Tim, of all children, persists to be active and enjoy Christmas. This is uprising due to the fact of Tiny Tim’s disabilities. Dickens also portrays how grateful the Cratchits are for the things they have. The Cratchits are not troubled with the miniature amount of food they have in their Christmas lunch, instead they are satisfied and content with it. This is shown when Dickens allows the reader to know what thoughts are there inside the minds of the Cratchits, ‘nobody said or thought it was at all a small pudding for a large family’. Dickens uses another technique to portray his message, this technique is called irony. He writes the phrase, ‘small pudding for a large family’, just to show to the readers how undersized the pudding would have really been compared to the amount needed for the family. Of curse the Cratchits would think the pudding was small but there is so much family strength and appreciation that none of them actually minded the size of the pudding. Tiny Tim is an extremely important character in the novel. His character represents unfortunate and disabled children enjoying themselves at a time like Christmas. Although Tiny Tim is crippled and is on the edge of life he is still enthusiastic and grateful for the life given to him by God. At the end of the novel Dickens shows Tiny Tim’s importance and affection to others by him saying, ‘God Bless us, Every One’. Dickens writes these words with all capital letters in them to show the significance of the phrase. The death of Tiny Tim is a very depressing event which occurs in the novel. Dickens uses a personal and emotional style of writing to describe Tiny Tim’s death. It is as if though Dickens realises Tiny Tim’s death as soon as the readers do, ‘The colour? Ah poor Tiny Tim! ‘ The Cratchit family are no longer described as cheerful and as ecstatic as they were in the first Cratchit scene. Instead Dickens describes Bob Crachit in the second scene as, ‘a man whose face was care-worn’, to describe what used to be a ‘joyful man’ in the first scene. The death of Tiny Tim has a very large impact on the Crachit family’s atmosphere. Although the Crachits are deeply upset and depressed in the second scene they still persist to show the same family strength they had in the first scene. Every member in the family compliments each other no matter what the situation is like. For instance when Bob Cratchit says ‘you were a good wife’, straight after the remark his son Peter Cratchit says ‘everybody knows that! ‘ This is an indication of the immense respect the family members have towards each other. Scrooge is delighted when the first spirit takes him back to the past to show Scrooge when he was a child at school. Scrooge is ecstatic to see his former self, this is indicated to the reader when Dickens describes the atmosphere, ‘a thousand odours were floating in the air with joy’. Dickens describes Scrooge’s journey to his childhood in such a positive way, this makes the reader realise that even Scrooge, a man who hates children, is delighted to see him back as a child. Scrooge wishes he was still a child and resents all the precious times where he has wasted his life on. Scrooge, a solitary dispassionate man even cries when he sees himself as a boy again, he lets emotion take over him unlike ever before. This is pointed out to the reader when Dickens describes Scrooge’s actions and dialogue: ‘after drying his eyes with his cuffs: ‘It’s too late now to be a child’. As Scrooge sees his own childhood it changes his attitude towards children, he becomes more emotional and this makes Scrooge realise what a stubborn ignorant man he has become. This is shown to the readers when Scrooge shared his feelings to the spirit, ‘there was a boy singing Christmas Carol at my door last night. I should have liked to have given him something. That’s all’. The reader gets a feeling that maybe Scrooge is feeling guilty of not giving the boy anything last night. Slowly the spirit is opening gateways into Scrooge’s mind making Scrooge more emotional and less ignorant. Fred and his uncle Scrooge have a very mixed relationship. It is obvious that Fred likes his uncle because he talks proudly of him, he also defends his uncle’s name when other people are mocking Scrooge. In one of the scenes Fred says to a crowd of people, ‘A merry Christmas and a happy new year to the old man, whatever he is!