OUR LADY OF FATIMA UNIVERSITY- ANTIPOLO CAMPUS
RECENT ACCOUNTING SCANDAL:
“The HealthSouth Scandal of 2003”
SERRAON, ABIGAIL E.
ENGR. ANTHONIO CHAN
Embezzlement, misappropriation, cheating or stealing is a form of fraudulent act done with an organization. There are television and newspaper stories nearly every day about all kinds of corporate schemes and scams. Behind every fraud is a person or a group of people who has taken what is not theirs to take. Some of those people intended to steal they just never thought they would get caught. Others were pulled into the original crime or some aspect of the cover-up and before they knew it ...view middle of the document...
Where did those people go wrong?
3. What are the secrets and tactics behind the fraudulent acts?
4. What kind of impact will this have on the Health South and its stakeholders?
C. Significance of the Study
The study is not only going to be significant to the reader, but as well as to the whole Philippine business would as it may enhance the quality of leadership of the heads or owners of businesses in the country. The study may, specifically, be also significant to the following.
The College of Business & Accountancy Students. Effective and efficient leadership and management will surely make students more successful in their studies. It may create conducive organizational environment among the students that will make them benefit to promote effective learning and academic success of the students, as they could be truly aware by the stories of recent accounting scandals.
The Professors in Business. Through this study, they may fully understand their roles and functions as partners in the school organization. It may help and assist the professors in business to achieve standards of competence in their respective field of specialization so that their students can learn more from them, after the faculty shall have been exposed to the issues of recent accounting standards where they can then draw some lessons and inspirations as well in carrying out their professional obligation to educate their students.
The Parents of the Students. This study may enlighten the people in the community, including parents of the students, for them to realize and understand their desire to provide good or quality education to their children in order to prepare them as successful and ethical business people and members of the community.
Other researchers. The results or findings of the study could probably be useful to other researchers as their reference in their future research and study about leadership and effective business management. And this study may enrich the body of literature and studies in the field of business or industrial management.
D. Scope and Limitations
The study is focused on the recent accounting scandal named the Health South Scandal 0f 2003. This specifically touches on the story behind that scandal and background of the company that will probably enlighten other people about what is happening in the society or in world of business.
In views of the limitations of the researcher, the study will be limited to some cases only. And the presentation and discussion will also be limited to the problems posed in this same study as mentioned earlier in the Statement of the Problem.
What are the background and history of South Health? And the turnover and...