Quantitative models represent a visual display which shows some factors about th
ID: 372855 • Letter: Q
Question
Quantitative models represent a visual display which shows some factors about the company’s structures of the working process. In the quantitative model, it generally holds the collection of data like effort, duration, effects, process, methods skills, tools, management, and defects. From this collection analysis is done which gives a result of the different performance and delivering the best actions for opportunities and best practices.
After the process gets completed in each and every step is taken to do a deep auditing at all the areas of the organization's process, so that all process should meet the actual standards of the organization. Suppose if any mismatch is found in auditing then it will be focused very strictly as there can be a chance of corruption in the organization. Below are the few examples which are showing the clear corruption detection in the organization.
(1)The common areas of fraud that might take place in the organization, like in assets of the organization which an employee can steal any part or without any authorization; an employee can go for misuse that for their purpose. (2) When an employee does any misuse by any influence to manipulate any business transaction that violates the law and also it brings gain for that employee. (3) Another possibility that may affect the organization under the corruption act is when an employee does any fraud intentionally in the financial statement of the organization by omitting the data in the report.
All the activities can be resolved by the internal and external auditing which is done from the quantitative models and all other factors involve in this context help the organization to get the corruption free and also it helps to detect the corruption timely.
Explanation / Answer
Explain how a quantative model can be used to detect 'corruption' within an organization. (Be creative for this question- Use a specific example)