Target Micronics in China: Disarray in Finance

Target Micronics is one of five international companies that supplies integrated circuits to China. An unsatisfactory internal audit rating prompts Target Micronic's China's director of finance to formulate a plan to create and implement a new accounting system. To do so required people with the right skills to design, implement and operate it, but the office was chronically understaffed, turnover rates were high and morale was low. The director had no hope of attracting the people she needed given the current situation. She needs to resolve the problems created by a system that has outlived its usefulness before an external audit, scheduled to happen in nine months.