Assignment Engineering Assignment Help

**PLEASE REPLY TO THE POST BELOW NOT JUST YES OR NO AND DONT JUST STATE CASE FACTS FURTHER THE DIALOGUE WITH A THOUGHOUT ANSWER***

In trying to come to grips with how Madoff was able to pull off the insanity of this ponzi scheme is beyond my comprehension. How something of this magnitude was able to take place in an environment that is “supposed” to be so heavily regulated that it would not be able to happen. While I am not taking anything from Madoff and what he did, the fact that the SEC and auditors were not able to catch on to the scheme is crazy. In my opinion, the SEC was not able to keep up with the growth of the market and birth of the internet. Things took off, and they were no longer able to be proactive in catching things, but rather they became reactive. They were supposed to be the watch dogs, but I believe due to Madoff’s stature in the community and previous positions that he held, things were overlooked or a blind eye was turned. That is one theory I think may have occurred with all of the red flags that were ignored in the case, including having a single man accounting firm doing an audit for a multi-billion dollar company. If we move past that, then there were all of the feeder firms that have their own auditors that never questioned Madoff’s financials, or how things really worked within the company. Also, Markopolos tried several times to bring this to the SECs attention, and his claims were “reviewed” but nothing came over them.

While we have seen the theme of greed several times already this semester, this again is another case of greed. Who really knew that this crime was being committed? Madoff claims no one else was aware, but clearly certain staff members had to know as they were creating false documents & statements. But did others see the red flags? Were they willing to turn a blind eye due to greed?

I believe that if with the right moral compass auditors of feeder firms had properly investigated Madoff the fraud could have been uncovered. It all comes down to morals though. You have to have someone strong enough to stand up and say there is a problem. It’s incredibly hard to do that, but someone has to be able to make the change to correct the issue.

As a result of the events a family was torn apart and thousands of investors lives were changed in the blink of an eye. To date they are currently on the 5th distribution of funds to victims of this scheme. Both sons have passed, and Bernie is still serving his sentence, and has fallen very ill with kidney failure.

https://www.cnn.com/2013/03/11/us/bernard-madoff-fast-facts/index.html

**REPLY TO THE POST BELOW WITH A WELL THOUGHTOUT ANSWER, do not just restate facts of the case unless it furthers the dialogue

Bring the Madoff story up to date with events that occurred after the case book went to print.

Madoff’s case was so massive that even in 2020, payments are still being made to victims of the scheme. On April 20, 2020, the DOJ announced a fifth distribution of $378.5 million to more than 26,000 victims, adding the total amount paid to $2.7 billion, 74% of the losses caused by this Ponzi scheme. A month ago, Madoff and his team asked for a compassionate release because Madoff suffers from kidney failure and has a life expectancy of fewer than 18 months. Federal prosecutors rejected this request.

Discuss your thoughts on Madoff’s auditor and the lack of awareness any regulators had that such a large company was audited by a sole-practitioner firm. Why did that happen? Could it happen again?

It is hard to think that Big 4 firm auditors, regulators, and investors never thought to corroborate who audited Madoff. The fact that a single employee audits a billion-dollar company should be an automatic red flag. Aksia LLC spoke out against this, meaning it was not like the information was a secret. Based on all these scandals that the course covers, I very much doubt that situations like this will reoccur. There are now more people battling fraud daily.

Consider that Madoff was a “service provider” to various companies that outsourced investment activities to Madoff. If the auditors of “feeder firms” had adequately investigated Madoff as a third party service provider (formerly covered under SAS 70, now under the attest standards), would the Madoff fraud have been uncovered?

Quickly, the Big 4 firms involved would have found this fraud if they had done some testing on the investments. I was curious about the comment made by Cindy Fornelli, executive director of the Center for Audit Quality, where she says that it is not the auditors’ responsibility to audit investments made by firms like Madoff’s. I cannot entirely agree with this comment. I do not see merely taking the word of somebody else, no matter how respected they are, as responsible when millions of dollars are involved. An auditor must do due diligence and ensure that these securities truly exist, avoiding this type of fraud.

PA2 requires you to identify a current change in an organization with which you are familiar and evaluate a current public issue about which “something must be done.” In relation to the change issue, think about what sense-making changes might need to be enacted and how you would go about doing this. Assess this in terms of the eight (8) elements of the sense-making framework suggested by Helms Mills and as set out in Table 9.7:

1. Identity construction
2. Social sense-making
3. Extracted cues
4. Ongoing sense-making
5. Retrospection
6. Plausibility
7. Enactment
8. Projection

• Which ones did you believe you might have the most/least control over and why?
• What implications does this have for adopting a sense-making approach to organizational change?

Prepare a minimum of four (4) pages document with your answers and thoughts in APA format.

*Please refer to the Grading Criteria for Professional Assignments on page 18 of the University Policies for specific guidelines and expectations.

I have attached a description of the help I need that should be self explanatory entitled “Neurotransmission Presentation”. I have also included several resources.

Create a 7-12-slide PowerPoint Presentation (not including title and references slides) about the way drugs affect the brain. Include the following in your presentation:

1. Title and reference slide
2. A description of the effects of addiction on the components of the central nervous system and other organs
3. A description of the process of neurotransmission
4. Detailed speaker notes that include what would be said if giving the presentation in person
5. At least two scholarly sources

While APA style is not required for the body of this assignment, solid academic writing is expected, and documentation of sources should be presented using APA formatting guidelines, which can be found in the APA Style Guide, located in the Student Success Center.

This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.

You are required to submit this assignment to LopesWrite. Refer to the LopesWrite Technical Support articles for assistance.

This assignment meets the following NASAC Standards:

3) Describe the behavioral, psychological, physical health, and social effects of psychoactive drugs, including alcohol and tobacco, on the consumer and significant others.

4) Recognize the potential for substance use disorders to mimic a variety of medical and psychological disorders, and the potential for medical and psychological disorders to co-exist with addiction and substance abuse.

14) Be familiar with medical and pharmaceutical resources in the treatment of addictive disease and other substance-related disorders.

103) Describe warning signs, symptoms, and the course of addictions.