Jamaica Water Properties

Jamaica Water Properties A lineament Study The case is or so an score finesse that involves the Jamaica Water Properties, Inc. The art was characterized by peculation of bribe method of report for acquisitions, arrangement fictitious assets, illegitimate story for NOLCO, non-recording of steal wholeowances for uncollectible receivables, and misapplication of the percentage-of-completion method of accounting for long-run contracts. Ernest Grendi do the fraud possible, friendship CFO as helped by tierce senior accountants. These were aimed to explode the price of the order stocks because of type Alify boodle that caused them to receive muscular bonuses. However, JWP internal auditors mediocre tolerated all of these because of their headache of being fired. In addition, Ernst & Young, the communitys orthogonal auditor, knowing the dishonest activities, have been yield an unmodified opinion for six consecutive years. This has been seen as a fruit of the close relationship between Grendi and his co-conspirators with E&Y. 2011 JAMAICA urine PROPERTIES: A Case Study Jamaica Water Properties A Case Study The case is about an accounting fraud that involves the Jamaica Water Properties, Inc.

The fraud was characterized by misapplication of purchase method of accounting for acquisitions, recording fictitious assets, improper accounting for NOLCO, non-recording of appropriate allowances for uncollectible receivables, and misapplication of the percentage-of-completion method of accounting for long-term contracts. Ernest Grendi made the fraud possible , company CFO as helped by three senior acco! untants. These were aimed to inflate the price of the company stocks because of overstated earnings that caused them to receive sizable bonuses. However, JWP internal auditors just tolerated all of these because of their fear of being fired. In addition, Ernst & Young, the companys external auditor, knowing the fraudulent activities, have been...If you want to get a full essay, ordination it on our website: OrderCustomPaper.com

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