Fonterra Ltd, a diary company in New Zealand Assignment

Fonterra Ltd, a diary gild in New Zealand - Assignment ExampleThe number of employees working for Fonterra is around 16800. The strategies adopted by the attach to are to make business in the emerging economies identical China, Latin America and ASEAN thus creating a strong presence. Optimizing the business of milk in New Zealand, cherish the exports of milk exports in New Zealand by building integrated offshore milk pools, so that the high value returns gets back to the country focusing on creating quality product for its customers with special concern for bewilder and babies (Fonterra Ltd., 2011, pp.2-20). Computer fraud and abuse Accounting information system is a process by which the news report of the company is done based on the Generally Accepted Accounting Principles (GAAP) by the use of the modern font information technology. The Accounting Information System (AIS) of a company is composed of six main elements of the company, namely, sight who will operate the system , procedure and instructions based on which the information is retrieved from different sources of the company, the related data which is very essential for the organizations business practices, the required infrastructure for the information technology of the company so as to smoothly operate the system comprising of both the software and the hardware and lastly the innate controls so as to adopt security measures which will prevent the leakage of the sensitive data. Thus Fonterra substructure be exposed to the risk of fraud and abuse related to the theft of equipment, inventory or cash of the company. Even the fraud and abuse in the accounting information system of the company whitethorn impart in false invoicing payroll fraud arising out of the accounts made for directing the salary to a non-existing employee of the company e-commerce frauds which have become very common now a days for high level of outsourcing forgeries takes attitude on the ground of assets of the company creation used for soulfulnessal uses. If the employee of the company is not loyal accordingly the risk of fraud and abuse of the company on the ground of accounting information system may lead to the disclosure of information and the intellectual property of Fonterra. Generally the fraud of a company unremarkably occurs on the ground of poor internal control of the company. Thus Fonterra must take precautionary measures to lose weight the internal control system of the company. If the items of the company is highly desirable the chances of forgery improvers leading to fraud and abuse. otherwise reasons behind the occurrence of fraud and abuse of the company may arise from insufficient preventive measures and spying strategies having loop holes. The company should also know how to deal with the detection of the fraud for example if a person is convicted of committing forgery in the company, just looking at the reputation of the company the concerned person is asked to resign. scarce in a situation like this civil or criminal action should be interpreted against the fraudster. Thus the fraud and abuse of the company generally arises from lack of strong internal control of the company. Since the AIS division is the heart and soul of the company, on the basis of which the company is able to carry out its operations. So, the personnel being appointed in the department of AIS should go through extensive interview process in decree to appoint the most appropriate person for the concerned department. Fraud and abuse are ought to happen with the increase