MF Global Research Paper Example | Topics and Well Written Essays - 1250 words

MF Global - Research Paper Example The executives by the end of that month made it official that over 700 million USD had been transferred. They, however, could not pay back this capital with their revenue making it plummet into more debt. At the end of the liquidation period, customers of MF Global made losses that totalled over 1.6 billion dollars, and a majority have not received their funds till today. Difference between conducting fraud and financial audit Audits are done to ensure the smooth running of operations. They may be done after some time as per the organization’s request, as in the case of financial auditing. Furthermore, they may be arbitrary and without warning, as in the case of fraud auditing. There are different types of audits, carried out for different purposes. There are reasons that surround each of these audits. One main reason is the accuracy of financial information in the organization. This is one reason why financial audits are carried out, and they can be done by a qualified, indep endent party or government unit. Fraud auditing is often done to discover some of the hidden figures in the financial data of an organization (Hagan, 2012). This means that, outside parties may be brought in to conduct a fraud audit, but internal auditors of an organization may be responsible for financial auditing. ... If there is the confirmation of fraud, serious legal ramifications may result (Hagan, 2012). There must be a level of responsibility for the auditing firm in both cases. If there are any financial discrepancies in the financial departments or operations, it is up to them to disclose this information. This may lead to the saving of capital that would have otherwise been lost in data. Fraud auditing may need a little more time and effort to identify what information may be missing that is crucial in the financial docket. A code of ethics needs to guide all the parties involved to ensure their tasks are carried out accordingly. The obligation of corporate CEOs to shareholders and employees about the firm’s financial activity The growth of an organization means that the CEO may have a daunting task of keeping an eye on everything that goes on in the firm. They must delegate some of the duties to subordinates. This helps in ensuring that there is a chain of command that is followed before getting to the top. However, they may not have full control over what subordinates may do, so it is up to them to ensure all matters relating to the financial sectors of the firm are reported directly to them. The shareholders of the organization are the most crucial part of the firm. CEO’s should be the voice of the organization and any financial activity going on should be reported to the people involved (Hagan, 2012). The CEO needs to tell the shareholders of the people in charge of the activities, and what they need to do if they have any complaints or suggestions. As CEO, it is one’s job to understand what goes on in the firm in

External and Internal Environments Essay Example | Topics and Well Written Essays - 2000 words - 1

External and Internal Environments - Essay Example ..6 i. Competitive Rivalry†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..6 ii. Power of Suppliers†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦7 Recommendations for the Forces of Competition†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦7 External Threats†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦8 Strengths and Weaknesses†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦9 Resources, capabilities and core competences†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚ ¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.10 Bibliography†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..13 Background Information Waste Management incorporation is one of the largest waste disposal firms in the United States and the world. This company has many subsidiaries in different countries across the world. Arguably, this company serves more than 2.5 million organizations and 26 million residents in Canada and the United States. This company has segmented its geographic environment into five regions, which include the Southern, Eastern, Western and Midwestern United States and Canada. The company recycles the waste products and also uses it to generate energy (Waste Management, 2012). The company provides waste gathering, transportation, and reprocessing and disposal services. Waste Management incorporation carries on its activities as the world leader in waste man agement that range from medical and solid waste to extremely poisonous chemical waste. This organization has in the past been experiencing growth and increase in stock prices at healthy rates (Waste Management, 2012). The General Environment A firm’s environment consists of aspects that the firm can readily influence as well as aspects that are distant from its influence (Hitt et al, 2011). The general environment relies on the external environment of business. The general environment consists of factors that have dramatic effects on firm strategy. In essence, organizations have little capacity to forecast trends and events in the general environment and even less capacity to control them (Longenecker, 2005). The general environment consists of the demographic segment, technological segment, political and legal segment, environmental segment, and the social factors segment. Waste Management Incorporation operations have been profoundly influenced by the political and legal en vironment and the economic environment (Waste Management, 2012). i. Political and legal Environment The political environment of many nations directly influences the operations of Waste Management Incorporation. Since this company disposes waste that drift from normal consumer refuse to toxic industrial waste, drafting and implementation of new legislations concerning the industry can have a severe economic effect on the organization’s outcome. The United States government has implemented laws and regulations that influence this company (Waste Management, 2012). The United States government has enacted many public, occupational and environmental health and safety associated acts that have impacts on waste disposal industry in the nation. The Solid Waste Disposal Act together with Resource Conservation and Recovery Act of 1976 are acts which transformed the industry of Waste Management Incorporation to the present state. Many organizations had to change and adapt to the new gu idelines (Waste Management, 2012). In addition, the management of perilous waste was stipulated in Comprehensive