Case Study Accounting Information Systems - 3399 Words

Assignment 3: Fraud in AIS Kimberly Carulli ACC 564: Accounting Information Systems Strayer University Professor Alfred Amuzu June 15, 2015 Introduction to the firm Koss Corporation is a well known American based firm that also design and manufacture headphones. The firm was incorporated in 1953 by John C. Koss. The firm was primarily known as J. C. Koss Hospital Television Rental Company. After that the CEO starts looking for more boosting ideas and he jointly with Martin Lange developed a stereo headphone. In 1991 the firm was headquartered in Milwaukee, Wisconsin, USA. At that time Koss Audio and Video Electronics commenced the new project of selling consumer electronics products through a separate brand and company. It is a family owned business and almost 75% of Koss is owned by the owner family. In 1980, the firm diversified into related areas of electronics, in 1984 that comes to end with a bankruptcy filing of almost $6 million. In 1985, Koss come out of Chapter 11 bankruptcy proceedings. In 1991 Michael J Koss, son of founder John C Koss, took over as president and chief executive officer. In Decem ber 2009, previous VP of account Sujata Sue Sachdeva was accused in government court of wire misrepresentation after the firm found her theft of $34 million amid a five-year period amid which the organization s normal net pay was $6 million.the arraignment expressed that to cover the extortion, Sachdeva looked to control different Koss workers to make deceitfulShow MoreRelatedA Study of the Barriers of Implementation of Accounting Information System: Case of Listed Companies in Tehran Stock Exchange5251 Words   |  22 PagesEconomics and Behavioral Studies Vol. 2, No. 2, pp. 76-85, Feb 2011 A study of the barriers of implementation of accounting information system: Case of listed companies in Tehran Stock Exchange 1Accounting Mahdi Salehi1 Abdoreza Abdipour2 and Management Department, Islamic Azad University, Takestan Branch, Iran, 2Payame Noor University, Andimeshk Branch, Iran mahdi_salehi54@yahoo.com Abstract: Accounting information system is one of subsystems in management information system that is very importantRead MoreFacts and Information about Accounting1606 Words   |  6 Pages1.0 Introduction What is accounting? 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