Essays on Fraud

Cyber crime can be referred to any illegal activity that is executed with the help of a computer. Such kinds of crimes have always been executed ever since the computer technology was introduced (Cross, F 2007). With the advent of Internet, these crimes have gained …

DATE:June 12, 2012 TO:Mr. Plex, Owner, Royal 16 Theater FROM: Team 8 RE:Analysis of Liability for Fraud Based off of your request, we have completed an analysis concerning Royal 16 Theater’s liability for fraud assumed by the customer, Tommy. Please contact us if any additional …

Waste Management, Inc. Waste Management, Inc. , incorporated in 1968, had become a leader in the industry of waste management services ranging from industrial operations to curbside collection. This company had become synonymous with many different kinds of disposal services that allowed for the company …

Describe the legal and ethical issues surrounding Andersen’s auditing of companies accused of accounting improprieties The largest bankruptcy of a non-profit organization,the investors of Baptist Foundation of Arizona sued Andersen which served as the auditor for $217 million for issuing false and misleading approvals of …

Charles Ponzi will forever infamously known as the con man of the 1920’s. Ponzi dealt with numerous amounts of investors who all trusted him to make them a profit on their investments. Unfortunately, Charles Ponzi was a crook from the start. He bought a total …

How does Miller fit the profile of the average fraud perpetrator? How does he differ? How did these characteristics make him difficult to detect? Miller fit the profile of the average fraud perpetrator is that he has seem to look like everyone else in the …

In terms of Kohlberg’s views on moral development, Aaron Beam would be at Level Two Conventional Stage Three. Interpersonal Concordance Orientation. Aaron Beam knew that his actions were indeed wrong and he could no longer carry on, therefore, he retired and paid a price for …

Fraud risk management A guide to good practice 1 This guide is based on the fi rst edition of Fraud Risk Management: A Guide to Good Practice. The fi rst edition was prepared by a Fraud and Risk Management Working Group, which was established to …

“The doctrine of ‘separate legal personality’, as embodied in Salomon v Salomon & Co Ltd [1897] AC 22, has been fatally undermined by the number of subsequent exceptions to it.” Discuss this statement, stating whether you agree or disagree, in whole or in part, and …

Traditionally, the role of banks whether in a developed or developing economy, consists of financial intermediation, provision of an efficient payments system and serving as conduit for the implementation of monetary policies. In view of the importance of the banking sector in economic development and …

Whistleblowing is an act that has become more prevalent in the corporate and private sectors. A whistleblower is described by Liuzzo (2013) as “…a person who reveals to a governmental authority, or to news media, confidential information concerning some wrongdoing or conduct that he or …

Background and History Daiwa Bank, or Osaka Nomura Bank as it was first called, was founded in 1918 in Osaka, Japan by Tokushichi Nomura. It was created mainly to take advantage of the new capital Japan had amassed from foreign commercial ventures and domestic industrialization. …

What power bases did Bernie Ebbers and Scott Sullivan rely on to get away with accounting fraud? The power bases are legitimate power, reward power, coercive power, expert power, referent power. Case Study Bernie Ebbers built WorldCom Inc into one of the largest telecommunication firms. …

Mr V. Srinivas wilfully manipulated financial data and guided the staff in modifying the published results, which were false and forged. He revealed that the FDs were non-existent, results manipulated and he just signed on instructions from Mr B. Ramalinga Raju, ex-Chairman, in the Rs …

E. Boos – Week 2 – Assignment February 17, 2013 The Enron and WoldCom Scandals ENRON 1. The segment of Enron’s operations that got them into difficulties had several parts. They published misleading financial reports. They could not meet their bridge financing commitment with Barclay …

Introduction I’m here to talk about the dangers of embezzlement. Throughout my discussion I will discuss the underlying factor to the rise in the rate of embezzlement. We will also look at how a few big embezzlement schemes have influenced their business and their business’s …

Looking for mistakes is a very difficult thing to do, especially if the case in point is something which is as successful in one point of its existence such as the Enron. Companies such as Enron employ the best managers because work at these levels …

Simply put, the point that Charles Ferguson is trying to get across in his documentary, The Inside Job is that economics is exactly that, it’s an inside job; with many elite employees involved. Economics is a profession, and at the end of the day, it …

SUBJECT: Accounting fraud at WorldCom Problem Statement WorldCom penetrated the largest accounting fraud in U. S history by overstating its tax income between 1999 and 2002. The main players in WorldCom’s accounting fraud included CFO Scott Sullivan, the General Accounting and Internal Audit departments, external …

The events that followed had worldwide implications and were analyzed extensively in the media as well as In government circles. Experts pointed their fingers at a number of different reasons that led to the massive fraud in business and accounting practices in the Enron collapse. …

Corporate governance is defined as the formal mechanism of direction, supervision and control put in place within a company in order to monitor the decisions and actions of its senior managers and ensure these are compatible and consistent with the specific interest of shareholders and …

Occupational fraud and abuse is defined as “The use of one’s occupation for personal enrichment through the deliberate misuse or misapplication of the employing organization’s resources or assets” (2012 Report To Nations On Occupation Fraud And Abuse, 2012). Occupational fraud entails deceiving employing organization to …

I do not think that Enron’s officers acted within the scope of their authority. This is because instead of choosing to own up to their mistakes and trying to salvage the situation, they buried themselves deeper into the ground with their lies and deception. They …

Increased liability of other professionals to nonprofits users of their services II. Lack of fairness of Imposing the burden of economic loss on Innocent financial statement users Ill. Assumption that expanded liability will cause auditors to improve their auditing procedures v. Auditors have the ability …

I. Introduction A. Statement of the Problem Upon comparison, what are the advantages and disadvantages of making use of a traditional loan company such as the Diablo Funding Group, and of an online loan company such as E-LOAN? B.                Purpose of the Study This research …

Steve Cowan is the owner of a distribution company of salon hair products. The company, Professional Salon Concepts, (PSC) was growing and decided to upgrade their AIS to support the demands of the company. Steve hired Mike, his brother-in-law to assist him and the two …

In December 2008 Bernie Madoff was arrested under the suspicion of fraud. His Wall Street firm, Bernard L. Madoff Investment Securities LLC, was founded in 1960. Madoff was the chairman of this company through its entire existence until his arrest. Ponzi Schemes such as the …

Para os meus pais, porque “o valor das coisas nao esta no tempo que elas duram, mas na intensidade com que acontecem. Por isso existem momentos inesqueciveis, coisas inexplicaveis e pessoas incomparaveis” como voces! Obrigado por tudo, Filipe Abstract The Retail Banking Industry has been …

Assume that fraud has been discovered In the “Possible Errors and Fraud” list, shown as A through O In the problem. Select two of the fraud Items from the list and note them here: Fraud Item Invoices for goods sold are posted to incorrect customer …

The fraud triangle is helpful in explaining motivation for employees to fraud the company: Motive, Opportunity, and rationalization are the trigger for employees to perpetrate any company. Motive-incentive or pressure that drives an individual to commit fraud. This is caused by life pressures, illicit activities …