SHRED case analysis Essays

SHRED case analysis Essays SHRED case analysis Paper SHRED case analysis Paper Hal was appointed to lead an accountant team on November 15 His Job was to report the audit progress There are typically 4 positions in an audit team: Partner-in-charge: overall the most responsible one Manager: supervises the whole auditing process In-charge-senior: carries out the auditing plan Staff members: perform tasks Frank is the partner-in-charge Although very unfamiliar, Hal becomes one of the four seniors, but after Richard signs, Hal becomes in-charge-senior, Audit report needs to be done by January 15 There were many statements that couldnt be provided to Hal. Hal and Linda both encounter unusual items. Step 3: Write the problem statement. A. First list the symptoms of the overall problem thats causing the symptoms. The other senior auditors act in their own way rather than together. Frank has poor work ethics. Franks work ethics affects the whole auditing process The deadline is near. B. Then name the mall underlying Issue?the core problem Due to Franks poor work integrity, it affects Halls job and position as the in-charge- Enron. C. Write the problem statement. State the most significant problem in 3 to 5 sentences. Hal, the auditing In-charge-senior of Reheard Company, was assigned to audit the ABA Group Ltd. As a result of Franks, the partner-in-charge, poor work ethics, Halls position as the in-charge-senior and the whole assignment gets jeopardized. Hal must approach Frank within the next day to straighten things out and to talk to him about the teams findings, otherwise, Halls positions, the firm, and ABA will face bad consequences. Step 4: State an objective for the manager Involved. Short-term objective (s): 1. To straighten things out with Frank 2. To present the teams findings and to make sure the auditing team is on the same page. Long-term objective (s): 10 present a stressful rep 2. To work together as a team. Rotor Step 5: Identify and rank order critical issues (underlying issues) related to the problem. Were focusing on one underlying issue in many cases, but there can be more than one. 1. Due to Franks poor work ethics, it affects Halls Job and position as the in-charge-senior. 2. The team is not working together, nor are they on the same page. 3. An audit report for the ABA is due on January 15. Step 6: Consider relevant information (facts) and underlying assumptions related to the problem. The other senior auditors act in their own way rather than together. Frank has poor work ethics. Step 7: List possible solutions to the problem. 1 . ) Hal can go ahead report his findings Advantages It will deal with the situation with Frank The right thing would be done/work ethics and integrity. Disadvantages It makes him a little tattle tale for exposing Frank It will make the auditing group look bad, as if they can not work together. Possible Outcomes Best: The group changes and works with integrity. Most Likely: The Frank situation will be dealt with. Least Likely: The group will look bad. 2. ) Hal can go along with his teams report There will be a report to present to ABA Even though the Frank situation wont be brought to attention, it will make the group look as if they worked together, professionally. Disadvantages It is not the right thing to do Frank will continue to act like this Best: ABA will never find out about the issues regarding Frank Most Likely: They will have something to present to ABA Least Likely: ABA find out about all the issues happening within the auditing group step B: select ten Test solution. I think the best solution for Hal is to report his own findings. With work, integrity and having good work ethics is absolutely important. It is important for the own individual and of course the company. Frank might thinks that he is benefiting from it, but it really is going to affects him. Not only does it affect him, but it also affects his colleagues, the ABA, and Reheard Company. Step 9: Decide how to implement the solution. Hal should talk to Frank personally first. If that does not work I think Hal should bring the attention to maybe the boss of Reheard Company. It might make Hal seem like a tattle tale, but at the end of the day it is really about doing the right thing. Step 10: Explain how to communicate the solution. Hal should talk to Frank first and try to hash out the problem. They should discuss about his findings and then try to solve it right then and there. Hopefully Frank will change and see what the better choice and route is for him, the company, and his colleagues.