Challenge

I worked as a summer job employee of a private accounting firm during my undergrad and it

is the big necessity for the company to check the procurement especially on the purchasing of the  office supplies, since my course is accountancy it is in line with audit. I was assigned in the financial  department. So basically I was not alone it was team we were 5 members each team. So the challenge  is the team of the administrative department needs to procure supplies that are priced low and its  quality would be equal to the ones that are expensive. As a member of the financial department or  the accounting department we are tasked to audit or to check whether that challenged necessity were  being met in order for the company would be effective and efficient as to the procurement system  and possibly save for its end of the month threshold of expenses allocated.

Selection

The said responsible team had the brainstorming as to what were the possible ways to detect

anomalies and possible connivance of employees in the same team. We experimented ways on how  to do it as a group for all ideas aren’t good that’s why it’s needed to consider confirmation bias.      Application

Following the steps of learning launch, ideas were gathered especially on how to possibly

detect problems on the said challenge. By letting the procurement team work as to the budgeting and  choosing companies whom are our prospect creditors and giving them 1 week to submit it and not  telling them that we are auditing in a surprise manner meaning to say we were there time to time  checking the outputs with the span of 1 week. And it was every single day we supervised, to follow up  the  required  papers  and  reports.

Insights

If we haven’t used the learning launch and waited for the span of 1 week without supervising

the reports every single day in time there would be a big possibility of anomalies and connivance of  employees of the said team or department. And whenever  we were there to follow up the results  they seemed to be stiff and they acting like there’s something fishy we can draw a conclusion to it that  challenges the level of our skepticism that there was something wrong in that department. And by  that they were being effective and efficient because of the said monitoring especially in internal  control  system  of  the  company.

Approach

We can conclude that our team has a good team leader who communicates well, knows how

to negotiate and knows how to solve problems in internal control system. We did a lot of  brainstorming and drawn possible alternatives following the learning launch strategy.


Challenge I worked as a summer job employee of a private accounting firm during my undergrad and it is the big necessity for the company to check the procurement especially on the purchasing of the office supplies , since my course is accountancy it is in line with audit . I was assigned in the financial department . So basically I was not alone it was team we were 5 members each team . So the challenge is the team of the administrative department needs to procure supplies that are priced low and its quality would be equal to the ones that are expensive . As a member of the financial department or the accounting department we are tasked to audit or to check whether that challenged necessity were being met in order for the company would be effective and efficient as to the procurement system and possibly save for its end of the month threshold of expenses allocated . Selection The said responsible team had the brainstorming as to what were the possible ways to detect anomalies and possible connivance of employees in the same team . We experimented ways on how to do it as a group for all ideas are n’t good that ’s why it ’s needed to consider confirmation bias . Application Following the steps of learning launch , ideas were gathered especially on how to possibly detect problems on the said challenge . By letting the procurement team work as to the budgeting and choosing companies whom are our prospect creditors and giving them 1 week to submit it and not telling them that we are auditing in a surprise manner meaning to say we were there time to time checking the outputs with the span of 1 week . And it was every single day we supervised , to follow up the required papers and reports . Insights If we have n’t used the learning launch and waited for the span of 1 week without supervising the reports every single day in time there would be a big possibility of anomalies and connivance of employees of the said team or department . And whenever we were there to follow up the results they seemed to be stiff and they acting like there ’s something fishy we can draw a conclusion to it that challenges the level of our skepticism that there was something wrong in that department . And by that they were being effective and efficient because of the said monitoring especially in internal control system of the company . Approach We can conclude that our team has a good team leader who communicates well , knows how to negotiate and knows how to solve problems in internal control system . We did a lot of brainstorming and drawn possible alternatives following the learning launch strategy .