The Barings Bank was one of the world's oldest merchant bank and had problems with rogue trading in the middle of the 1990s. Nick Leeson was floor manager for trades in Singapore as well as head of settlement operations, thus he was able to settle his own trades, bypassing the bank’s own internal controls. Whilst trading, Nick Leeson supposedly made $10 million profit in the first week of February 1995 for the bank. This humongous profit caught the attention of other staff members in the bank. For instance, Mike Killian, who was the head of Global Futures and Options Sales, knew that the whole of Barings bank was making about GBP 200 million a year. If Nick Leeson carried on making such a profit throughout the year it would be half a billion dollars a year profit! Accordingly, to some sources, Mike said that if Nick is doing that amount of business for that amount of profit, then they should shut down the rest of the bank because they were just overheads.4 Due to Nick's rogue trading, the bank went bankrupt in 1995.5
a) Mike Killian was cynical that one person alone was making more money than all the rest of Barings Bank staff. Questioning the reliability of information and being alert to conditions that may indicate possible fraud is an attitude expected from auditors. What is the name of this professional attitude and what is its use of it in the role of auditors?
b) Nick Leeson was floor manager for trades as well as head of settlement operations. This means that he was able to settle his own trades, bypassing the bank’s own internal controls. Considering the Code of Ethics for Professional Accountants, which kind of threat to independence does this relate to? Describe this threat and suggest one safeguard Barings bank could have implemented to eliminate or reduce this threat.
c) Before going bankrupt in 1995 Barings bank had an unqualified audit report. What does that mean regarding audit expectation-performance gap? How does an unqualified audit report relate to the bank going bankrupt?
In: Accounting
Bryan Mejia was born with only one leg and no arms. His parents, Ana Mejia and Rodolfo Santana, have accused Marie Morel, MD, and OB/GYN Specialists of the Palm Beaches and Perinatal Specialists of the Palm Beaches of negligence for not properly detecting their son's defect and disability through ultrasound scans before he was born. They said they would have aborted their son if they had known he would have only one limb. The parents sued the physician and the clinic. The defendant's attorney argued that Morel is not to blame because the parents opted to not undergo amniocentesis, which might have detected any abnormalities. The parents rejected it because they were told that there was a small risk that performing the test would cause a miscarriage. The parents decided they would rather risk the chance of having a child with mental retardation than to risk a miscarriage. The court awarded the parents $4.5 million for a wrongful birth lawsuit.
Should Mejia's parents be held responsible because they declined the amniocentesis that might have detected their son's defect?
Would this be a case of eugenics? Does it promote aborting unborn children when diagnosed with a physical or mental disability?
In: Nursing
Re-write the following resignation letter in a professional and etiquette manner
Hey boss:
Finally, is the hour that I has dreamed about 4 years ago where I inform you that I must resign immediately from my position as a counselor.
Three weeks ago, my supervisor informed me that you were criticizing my latest behavior and that you have accused me with violations of company policy by ignoring your orders. But it seems that you have forget that I am a human bean not your slave, and dictatorship atmosphere you eventually destroy you and you foolish employees.
I really regret for every hour I have spent at your company and I will not spend any minute in transferring my files to anyone else, I am sure that you will figure them out by yourselves if you can play chess effectively.
Finally, I will give you 8 days to transfer my savings to my bank account otherwise I will sue you and go to the media for stealing my savings
Bye-bye
In: Operations Management
Assign 07 - Linux Forensics
Learning Objectives and Outcomes
Assignment Requirements
You are an experienced digital forensics specialist for DigiFirm Investigation Company. DigiFirm is involved in an investigation of a large corporation accused of unauthorized access of a competitor’s database to obtain customer information. The DigiFirm team will be responsible for the forensic investigation of the seized computers that are running Linux.
Chris, your team leader, has asked you to research information and tools that the team can use during the investigations.
For this assignment:
Required Resources
Submission Requirements
In: Computer Science
Please i wanr clear answer for below :
Re-write the following resignation letter in a professional and etiquette manner and clear
Hey boss:
Finally, is the hour that I has dreamed about 4 years ago where I inform you that I must resign immediately from my position as a counselor.
Three weeks ago, my supervisor informed me that you were criticizing my latest behavior and that you have accused me with violations of company policy by ignoring your orders. But it seems that you have forget that I am a human bean not your slave, and dictatorship atmosphere you eventually destroy you and you foolish employees.
I really regret for every hour I have spent at your company and I will not spend any minute in transferring my files to anyone else, I am sure that you will figure them out by yourselves if you can play chess effectively.
Finally, I will give you 8 days to transfer my savings to my bank account otherwise I will sue you and go to the media for stealing my savings
Bye-bye
In: Operations Management
Compound Interest
1.) If P26,500 shall accumulate for 5 years at 7% compounded bimonthly, find the compounded interest at the end of 5 years.
2.) A sum of P 15,000 is invested now and left for eight years, at which time the principal is withdrawn. The interest has accrued and is left for another eight years. If the affective annual interest rate is 15%, what will be the withdrawal amount at the end of the 16th year?
3.) On his 4th birthday, a boy is left an inheritance. The inheritance will be paid in a lump sum of P100,000 on his 21st birthday. What is the present value of the inheritance as of the boy’s 6th birthday, if the interest is compounded annually? i = 4%
4.) An businessman wishes to accumulate a total of P 500,000 in a savings at the end of 50 years. The bank offers 1% compounded quarterly. What should be the initial deposit?
In: Economics
I. A missionary couple, living in West Africa bought their 4-year old son to the Emergency room as he had fever and a pinkish rash has been developing on his hands and feet at first then it spread to both arms and legs. There are no other symptoms that the child feeling very fatigued.
1. This disease is most likely caused by what bacteria? Name the disease.
2. How would epidemiology assist you in finding the sources of this illness?
3. The boy had all of his vaccines so why does he have such a disease?
4. What course of treatment would you order and why? What type of antibiotic would you use and why?
5. What are the virulence factors for the causative agent? Explain the mode of action of these factors.
(microbiology)
In: Nursing
Christina is a 17-year-old gravida 1, para 1 who gave birth to a healthy 7-lb boy yesterday. She is very motivated to breastfeed him but is having nipple soreness. She also has to go back to school in 6 weeks to finish her semester and graduate from high school.
1. Use principles of evidence-based practice to help Christina with her sore nipples.
2. Investigate the best breast pumping methods to encourage Christina to continue providing breast milk when she returns to school.
3. What additional information might be helpful to gather to meet Christina’s needs using the template of evidence-based practice?
4. What professional activities can the nurse participate in to increase the utilization of evidence-based practice in her setting?
In: Nursing
1. Jeff Smith, a 15-year-old boy, has been referred to an orthopedic specialist because he has an elevated ALP. Discuss the implication of an elevated ALP. Review the range of diseases indicated by an elevated ALP. Evaluate Jeff Smith's situation and describe why he is seeing an orthopedic physician.
2. You are reviewing the record of Russ Walker, a 58-year-old man with a family history of heart disease. He has just been admitted to the hospital with chest pain. Dr. Rupert Wilbert, a cardiologist, has noted and ordered a thallium stress test for Mr. Walker. Why do you think Dr. Wilbert chose this particular test? What is involved with this study? If Mr. Walker cannot complete the treadmill portion of the test, what effect will that have on the test results?
In: Nursing
An Adjustable Rate Mortgage (ARM) is made for $300,000 at an initial interest rate of 2 percent for
30 years. The ARM will be adjusted annually. The borrower believes that the interest rate at the
beginning of the year (BOY) 2 will increase to three percent (3%).
a. Assuming that the ARM is fully amortizing, what will monthly payments be during year 1?
b. Based on (a) what will the loan balance be at the end of year (EOY) 1?
c. Given that the interest rate is expected to be 3 percent at the beginning of year 2, what will
monthly payments be during year 2?
d. What will be the loan balance at the EOY 2?
e. What would be the monthly payments in year 1 if they are to be interest only?
f. Assuming terms in (e), what would monthly interest only payments be in year 2?
In: Finance