A Case Study on Banking Industry Executive Level Financial Fraud Scenario: A large accounting firm was hired to audit certain activities related to loans to individuals on the Board of Directors of a medium size, publicly traded bank. During the Audit, the auditors needed to examine several computer systems used by certain Bank employees as well as by certain Board Members. GDF’s digital forensic examiners were immediately dispatched and sent in to arrange for the forensic analysis of the computer systems and to to search for corroborating evidence in support of the audit team’s suspicions and findings.
Background Information: In the previous two years, the Bank had gone through a series of transitions, culminating in a new Board of Directors and, because of new regulations in the financial industry, an independent Auditing Committee was appointed. The Auditing Committee charged certain officers of the Bank with engaging in suspect activities related to particular Bank expenses and loans that were either hidden or “lost” from the purview of the normal Bank’s accounting practices..
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The company indicated that following a review of its operations globally, it had been decided to rationalise operations and the Lonsdale plant was not part of its longer term plans. The reason for the closure of the site was increased competition from imported products into the Australian market; decreased global demand for its specialty products produced at the plant; and the lower cost of manufacture of Asian facilities.
Objectives: The client required the support of a PR firm to devise and coordinate a comprehensive communications strategy that involved notifying staff, media, suppliers, retailers and government of its decision, while protecting the reputation (and market share) of the Transitions Optical brand..Click here to read more on Transitions Optical
The Customer: Avocent works with many industries that are learning how digital signage networks can be used to increase sales. These applications, popular in retail settings, are beginning to take root in the services sector. And, iPort Media, Inc.is leading the way. iPort has a unique, private narrow casting network designed to help eye care professionals increase their per-patient sales.
The Situation: Each optometry office is equipped with high-speed Internet to connect to iPort’s server, where they have access to various information including news, sports and weather updates. iPort can also provide specialized content to offices, although most comes directly from leading vendors. For example, the Johnson & Johnson Transitions commercial (where lenses that change from light to dark are demonstrated) is a popular clip in the iPort database. Click here to read more…
Hughes Public Relations was approached by leading lens producer Transitions Optical to manage a communications strategy for the closure of its manufacturing plant south of Adelaide, and the subsequent loss of around 30 jobs.The company indicated that following a review of its operations globally, it had been decided to rationalise operations and the Lonsdale plant was not part of its longer term plans.
Objectives:The client required the support of a PR firm to devise and coordinate a comprehensive communications strategy that involved notifying staff, media, suppliers, retailers and government of its decision, while protecting the reputation (and market share) of the Transitions Optical brand. Read more..
Major Risks: The three major risk factors that Exelon must currently navigate include market fluctuations, correctly estimating competitive transitions charges, and conforming to environmental regulations imposed by the government. Each risk has the ability to affect their financial stability in detrimental ways. When we compare Exelon to the energy industry as a whole, though, we find that they are in a better position than most to handle the obstacles ahead. Click here to read more…
Regionally focused, the Rubicon centre is attuned to transitions in the local economy and ready to help move people into emerging new opportunities. When Motorola closed its doors in Cork with the loss of over 400 staff, the Rubicon Centre got in there to assist before the knowledge was scattered and secured eight projects from the closure.
One of the projects was software development and project management company, AspiraCon Ltd, who participated in the 2007 Genesis Enterprise Programme. With participation, AspiraCon Ltd. were offered the option of taking up residence at the Centre. Managing Director PatLucey explains that this offered them a number of benefits. First, they needed to project a professional image – the Rubicon Centre decidedly met this criterion and provided the company an image that would normally be well outside the financial grasp of a fledgling company. Click here to read more…
Abstract: There runs a cliché – Technology has made it possible for people to gain control over everything, except over technology. Convenience and mobility are the key factors that are driving techno-businesses. It is no surprise that technological changes in the current business environment are taking place almost every day.
Considering the Personal Computer (PC) industry, from the large-sized computers to the portable light-weighted notebooks, the industry has witnessed several remarkable transitions. Following suit, netbooks emerged as stylish gadgets in the PC market and pulled major PC brands like HP, Acer and Dell to name a few, in this segment. Not far behind, Nokia Corporation (Nokia), the leading mobile device manufacturer, forayed into the netbook segment with Nokia Booklet 3G. Although, Nokia’s entry into netbooks market is a related diversification, the company is a late mover into an already crowded netbook market. This case study primarily deals with the issue of how Nokia can differentiate itself in the highly competitive netbook market? Click here to read more…