Accounting Assignment Example | Topics and Well Written Essays - 250 words - 8

Bookkeeping - Assignment Example Also, they dupe the bank by expanding that they had bought a land property in the interest of the bank at an estimation of three point two billion rather than sixty-three point 5,000,000 dollars (International Financial Reporting. (2013). Stanford Company neglected to do individual verification to research the historical backdrop of the two authorities earlier employing them. Also, the organization didn't arrangement hostile to misrepresentation approach that demonstrates how to identify report and check extortion. Thirdly, the organization didn't have an enemy of misrepresentation preparing to instruct workers on the danger of extortion. Also Stanford Company couldn't lead work pivot which could have assisted with forestalling the event of misrepresentation (Iyer and Samociuk, 2006). I would prescribe the organization to build up inside and outside control. For instance, the organization should complete customary inner and outside reviews. Further, historical verification may assist with distinguishing individual character to hold touchy money related positions. Additionally, subterranean insect misrepresentation approaches and preparing ought to be advanced to address the issues of extortion (Iyer and Samociuk,