Wishbone Company Maintains Two Separate Accounts Payable Computer Systems

question 234

Essay

Wishbone Company maintains two separate accounts payable computer systems. One is known to all the users, and is used to process payments to vendors. Employees enter the vendor code, or the name and address of new vendors, the amount, the account, and so on. The other system is a secret one. It is used to cross-check the vendors against an approved vendor list. If a vendor is not listed as approved, the payment process is halted. Internal audit employees seek to verify the existence of a bona fide claim by the vendor. All inquiries are made at the top management level, and very discreetly. No one but top management, the internal audit staff, and the Board of Directors of the company is even aware of the second system.
Required:
Is it ethical for a company to have a secret system like the one described? Explain.

Comprehend the major assumptions and components of Albrecht's conceptual model in home health care.

Identify and address inconsistencies in patient information and documentation.

Recognize the importance of efficient use of time and resources by home health nurses during client visits.

Understand the requirements for Medicare reimbursement for home health care services.

---

Definitions:

Financial Measures

Quantitative indicators used to assess the financial health and performance of a business or organization.

Leading Indicator

A measurable economic factor that changes before the economy starts to follow a particular pattern or trend, used to anticipate changes.

HRM Evaluation

The process of examining and assessing the effectiveness of Human Resource Management practices and policies in achieving organizational goals.

Predicts Future

The act of forecasting or estimating future trends, behaviors, or events based on current or past data.