...activities, corruption and the risk of fraud. Fraud, which is the major reason for setting up on internal control system, has become a great pain in the neck of many Nigerian bank managers. It has also become an unfortunate staple in Nigeria’s international reputation. Fraud is really eating deep into the Nigerian banking system and that any bank with a weak internal control system, is dangerously exposed to bank fraud. The CBN reported that cases of attempted fraud and forgery in banks, as at half-year 2007 have surpassed what was recorded for the whole year 2006. The CBN half-year report for 2007, revealed a total of 741 cases of attempted fraud and forgery, involving 5.4 billion, $35,406.1, 150 Euros were reported as at June, 2007. In 2006, 1,193 cases were reported involving 4.6 billion, $1.8 million and 14,389.7 pound sterling. The CBN also reported that the backward development was attributable to weaknesses in the internal control systems of the banks. This has clearly pointed the picture of how fraud has penetrated in the financial strength of Nigerian Banks. In a nut-shell, the damage which this menace, called fraud has done to the banks is innumerable and needs urgent attention. Therefore, the attempt to put an end to this economic degradation, gave rise to the topic of this research study the impact of...
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...* Pakistan Journal of Social Sciences | Year: 2009 | Volume: 6 | Issue: 4 | Page No.: 181-189 | | Impact of Internal Control System in Banking Sector in Nigeria | | Olaoye Clement Olatunji | | Abstract: The Central Bank of Nigeria reported that the backward development in Nigeria was attributable to weaknesses in the internal control systems of the banks. This has clearly pointed out the picture of how fraud has been penetrated in the financial strength of Nigerian Banks. In a nut-shell, the damage which this menace, called fraud has done to the banks is innumerable and needs urgent attention. Therefore, the attempt to put an end to this economic degradation, gave rise to the topic of this research study the impact of internal control in the banking sector in Nigeria with Wema Bank of Nigeria PLC as a case study. However, this study is aimed at verifying the conception that an effective and efficient internal control system is the best control measure for preventing and detecting fraud, especially in the banking sector. Data captured for this study, were analyzed through descriptive and inferential statistical methods. The descriptive analysis involves the use of percentages, tabulation and graphical presentation. While the inferential statistical method involved the use of the chi-square. The functions of fraud prevention, detection and control are interwoven, as the three works together to eliminate fraud and fraudulent tendencies. Therefore, internal control...
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...Crime, Corruption and Cover-ups in the Chicago Police Department Anti-Corruption Report Number 7 January 17, 2013 Authored by: John Hagedorn Bart Kmiecik Dick Simpson Thomas J. Gradel Melissa Mouritsen Zmuda David Sterrett With Ivana Savic Justin Escamilla Magdalena Waluszko Dalibor Jurisic Tricia Chebat Published by University of Illinois at Chicago Department of Political Science 1 The Chicago Police Department has a legacy of both heroism and corruption. On the one hand, the department’s officers risk their lives on a daily basis to enforce the law, protect the public and preserve the peace. On the other hand, Chicago has a checkered history of police scandals and an embarrassingly long list of police officers who have crossed the line to engage in brutality, corruption and criminal activity. An analysis of five decades of news reports reveals that since 1960, a total of 295 Chicago Police officers have been convicted of serious crimes, such as drug dealing, beatings of civilians, destroying evidence, protecting mobsters, theft and murder. Moreover, the listing of police convicted of crimes undoubtedly underestimates the problem of corruption in the Chicago Police Department (CPD). The list does not include undetected and unreported illegal activity, serious misconduct resulting in internal disciplinary action, and officers who retire rather than face charges. Our analysis of police corruption in Chicago yields four major findings. First, corruption has long persisted...
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...MBA Program Course: Financial Analysis and Decision Making MBA730 Instructor: Marlena L. Akhbari Wright State University Finance and Financial Services McGraw-Hill/Irwin =>? McGraw−Hill Primis ISBN: 0−390−42334−3 Text: Case Studies in Finance: Managing for Corporate Value Creation, 4/e Bruner This book was printed on recycled paper. MBA Program http://www.mhhe.com/primis/online/ Copyright ©2003 by The McGraw−Hill Companies, Inc. All rights reserved. Printed in the United States of America. Except as permitted under the United States Copyright Act of 1976, no part of this publication may be reproduced or distributed in any form or by any means, or stored in a database or retrieval system, without prior written permission of the publisher. This McGraw−Hill Primis text may include materials submitted to McGraw−Hill for publication by the instructor of this course. The instructor is solely responsible for the editorial content of such materials. 111 MBAP ISBN: 0−390−42334−3 MBA Program Contents Bruner • Case Studies in Finance: Managing for Corporate Value Creation, 4/e II. Financial Analysis and Forecasting 1 1 6 16 16 39 52 52 60 66 66 84 100 100 6. The Financial Detective, 1996 11. ServerVault: ‘‘Reliable, Secure, and Wicked Fast’’ III. Estimating the Cost of Capital 12. ‘‘Best Practices’’ in Estimating the Cost of Capital: Survey and Synthesis 15. Teletech Corporation, 1996 IV. Capital Budgeting and Resource Allocation 19. Diamond...
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...MBA Program Course: Financial Analysis and Decision Making MBA730 Instructor: Marlena L. Akhbari Wright State University Finance and Financial Services McGraw-Hill/Irwin =>? McGraw−Hill Primis ISBN: 0−390−42334−3 Text: Case Studies in Finance: Managing for Corporate Value Creation, 4/e Bruner This book was printed on recycled paper. MBA Program http://www.mhhe.com/primis/online/ Copyright ©2003 by The McGraw−Hill Companies, Inc. All rights reserved. Printed in the United States of America. Except as permitted under the United States Copyright Act of 1976, no part of this publication may be reproduced or distributed in any form or by any means, or stored in a database or retrieval system, without prior written permission of the publisher. This McGraw−Hill Primis text may include materials submitted to McGraw−Hill for publication by the instructor of this course. The instructor is solely responsible for the editorial content of such materials. 111 MBAP ISBN: 0−390−42334−3 MBA Program Contents Bruner • Case Studies in Finance: Managing for Corporate Value Creation, 4/e II. Financial Analysis and Forecasting 1 1 6 16 16 39 52 52 60 66 66 84 100 100 6. The Financial Detective, 1996 11. ServerVault: ‘‘Reliable, Secure, and Wicked Fast’’ III. Estimating the Cost of Capital 12. ‘‘Best Practices’’ in Estimating the Cost of Capital: Survey and Synthesis 15. Teletech Corporation, 1996 IV. Capital Budgeting and Resource Allocation 19. Diamond...
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...Law, and Ethics (HAS 515) September 6, 2013 Introduction Fraud is defined as wrongful or criminal deception intended to result in financial or personal gain. The term is usually associated with financial institutions or perhaps other types of businesses, but it’s not a term that is automatically associated with the health care field. Or at least some of us didn’t think so. However, the sad truth is that health care fraud costs the country an estimated $80 billion a year. It is a rising threat, with national health care spending rising to $2.7 trillion and expenses continuing to outpace inflation. The saddest element of this situation is that recent cases have shown that medical professionals are more willing to risk patient harm in pursuit of successfully executing their schemes. Health Care fraud is in the jurisdiction of the FBI. They are the primary agency responsible for investigating these types of cases, and also for exposing them. They are responsible for the federal and private insurance programs. As the Chief Medical Officer of a large Obstetrics Health Care Center, I am sadden and extremely angry to learn that these types of fraudulent activities are associated with my facility. As I investigate and learn more about the situation, I will also be exploring other topics as listed below. 1. Evaluate how the Healthcare Qui Tam affects health care organizations. 2. Provide four (4) examples of Qui Tam cases that exist in a variety of health care...
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...Annette Davis Inside Public and Private Policing CJA 500 Survey of Administration & Justice Dr. John Baiamonte, Jr. November 1, 2010 Assignment Write a 1500 to 2000 word paper that compares and contrasts the roles, responsibilities, and differences of public and private policing. Cite at least two scholarly works (articles or books) or government documents. However, your textbook cannot be used as a source. Public policing has been known to have a monopoly on policing until the increased trend of private policing in the United States. Private policing, while emerging as a new industry, is not a new phenomenon and predates the existence of public police as witnessed today (Wilson 1994). Public and private policing have many similarities, as well as differences and the distinction between public and private police are often blurred. Private police look and behave like public police and describing their function often involves a comparison of the activities and responsibilities of the two. Despite the differences, public and private police tend to mirror each other to a certain extent (Nalla & Newman, 1990). The increase of private policing has been in response to many changes in society such as the increase of "mass private property" (Shearing and Stenning, 1983) in the form of large shopping complexes, cinemas, large retail stores and large compound style housing estates or gated communities. These require constant surveillance for the safety of shoppers and residents...
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...A forensic accountant uses sophisticated computer programs to analyze financial data and find evidence that would be legally valid during a court proceeding. Forensic accountants are often asked to review financial records for mergers and acquisitions. They may also serve as advisers to a corporation’s audit committee or work to resolve shareholder disputes within a company. Increasing number of cheater people and organizations on accounting and result of its economic damages, economic and commercial disagreements and increasing number of misleading enforcements for the users of financial statements (such as Fuzzy Accounting and Creative Accounting) has been caused of existence of Forensic Accounting. It has widespread practice area in developed countries. Forensic Accounting uses techniquies of researching, accounting and inspecting. So Forestic accountants need to have abilities to do that job. In this research I am going to determine most important skills and legal responsibilities of forensic accountants and role of forensic accountants in courtroom. Required and Expected Skills According to AICPA’s CFF Credential Committee’s survey, the most important skills that a forensic accountant should have are; Thinking analytical (It is the main requirement, like medicine knowledge of a doctor.) , being detail-oriented ( If the accountant can’t focus on the case and can’t see the details of the case there won’t be enough opportunity to use his/her analytical skills) , having...
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...Art and Forgery: Why People Get Involved CREA232: Art History from the 15th Century Artists and art dealers have been forging works of art since the time of Rome. The reasons for the choice to forge works of art and the provenance of works of art can vary, but ultimately they lead back to one of two reasons: financial gain and/or to trick the art world. Crimes of forgery affect the entire art market. The entire art trade with the exception of the buyer all earns money when they handle a piece that is not what it is claimed to be. Often times the only person that loses out is the buyer when a piece is discovered to be forged. There are three distinct types of people that contribute to forgery in the art world. The forgers themselves, the art dealers who know that a piece is fake and yet still authorize it as original and someone who finds a piece and passes it off as something else to increase its value. The most common types of forgery and deception are wholesale forgery, alteration forgery, provenance forgery and willful misattribution. Wholesale forgery is when a piece is passed off as something that is either older than it actually is or by someone more valuable than the artist who created it. Alteration forgery is an actual work that has been altered in some way to increase its value. An example of this type of forgery is to add a signature when it was originally not there. Provenance forgery is when the paperwork that accompanies a piece of art is forged or...
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...AN EVALUATION OF THE INTERNAL CONTROLS SYSTEM FOR CASH FOR THE CASE OF NAIROBI SMALL BUSINESSES BY CLEOPHAS MUSINGA A Management Research Project Submitted In Partial Fulfillment For The Requirements Of The Award Of Bachelor Of Commerce (BCOM), School Of Business, University Of Nairobi JULY, 2008 DECLARATION This research project is our own original work and has not been submitted for academic purposes in any institution of higher leaning. Name Number Sign CLEOPHAS MUSINGA D33/6646/05 ………………………….. This research project has been submitted for examination with my approval as the university supervisor Signed……………………………. Date…………………………………………. Mr. Abdulatif Essajee Lecturer University of Nairobi TABLE OF CONTENTS DECLARATION i CHAPTER ONE 1 INTRODUCTION 1 1.1 Background of the study 1 1.2 Statement of the problem 5 1.3 Objectives of the study 6 1.4 Research questions 6 1.5 Scope of the study 6 1.6 Justification of the study 7 CHAPTER TWO 9 LITERARURE REVIEW 9 2.1 Evolution of internal controls 9 2.2 Components of Internal Controls 12 2.4 Relationship between a firm’s age and internal control 18 2.6 Internal controls in small businesses 19 CHAPTER THREE 21 RESEARCH METHODOLOGY 21 3.1 Research design 21 3.2 Population 21 3.3 Sample and Sampling Technique 21 3.4 Data collection methods 22 3.5 Data analysis 22 CHAPTER FOUR 23 DATA ANALYSIS AND FINDINGS 23 4.1 Introduction...
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...Table of Contents City of Riverside profile . . . . . . . . . . . . . . . . . .2 Mission and Values Statement . . . . . . . . . . . . .2 Message from the Chief . . . . . . . . . . . . . . . . . .3 Executive Command Staff . . . . . . . . . . . . . . . . .4 Office of the Chief of Police . . . . . . . . . . . . . . .5 Strategic Plan Audit and Compliance Bureau Office of Internal Affairs Public Information Chief's Community Advisory Board Magnolia Station Grand Opening . . . . . . . . . .11 Riverside Police Department Facilities . . . . . .13 Administration Public Safety Communications . . . . . . . . . . . .14 Support Services . . . . . . . . . . . . . . . . . . . . . . .16 Personnel Bureau Training Bureau Management Services . . . . . . . . . . . . . . . . . .21 Finance Payroll Grants Administration Fleet Services Facilities Management Court Services Unit (CSU) Alarm Enforcement Unit (EAU) Records Management Front Counters/Telephone Report Unit Automation and Digital Records Crime Analysis Unit (CAU) Property/Evidence Unit Operations Field Operations . . . . . . . . . . . . . . . . . . . . . . .29 Neighborhood Policing Centers (NPCs) Management Accountability Program (RPD~MAP) Watch Commanders Problem Oriented Policing (POP) Bike Team El Protector University Neighborhood Enhancement Team (UNET) Crime Statistics Special Operations . . . . . . . . . . . . . . . . . . . . .39 Community Services Group Citizen Academy Crime Free Multi-Housing Neighborhood Watch Business Watch Youth...
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...The Indian Banking Sector On the Road to Progress G. H. Deolalkar G. H. Deolalkar is formerly Managing Director of State Bank of India. 60 A STUDY OF FINANCIAL MARKETS Overview of Banking and Financial Institutions The Banking Sector The banking system in India is significantly different from that of other Asian nations because of the country’s unique geographic, social, and economic characteristics. India has a large population and land size, a diverse culture, and extreme disparities in income, which are marked among its regions. There are high levels of illiteracy among a large percentage of its population but, at the same time, the country has a large reservoir of managerial and technologically advanced talents. Between about 30 and 35 percent of the population resides in metro and urban cities and the rest is spread in several semi-urban and rural centers. The country’s economic policy framework combines socialistic and capitalistic features with a heavy bias towards public sector investment. India has followed the path of growth-led exports rather than the “exportled growth” of other Asian economies, with emphasis on self-reliance through import substitution. These features are reflected in the structure, size, and diversity of the country’s banking and financial sector. The banking system has had to serve the goals of economic policies enunciated in successive fiveyear development plans, particularly concerning equitable income distribution, balanced...
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...their citizens, providing services on a non-profit basis, (Department of Criminology, 2009/2010). Bayley and Shearing, (1996) describe public policing as government ‘monopoly’ which in recent times has inevitably undergone restructuring enabling private security to blossom. Significantly, the boundaries between the roles of the public police and private security have become less clear in recent years, despite the varying degrees to which the private security and the public police are regulated, creating accountability gap between the ‘highly regulated’ public police and the ‘barely regulated’ private security. Johnston, (1999) describes the term ‘policing’ as a ‘social function’ while the term ‘police’ refers to agents. According to Johnston, (1999) policing is a form of social control. As many aspects of life can be influenced by a social control, Cohen, (1985, as cited in Innes, 2003:13; Johnston, 1999) defines social control in the context of policing as organised (societal) response to deviant behaviour. Reiner (1997, as cited in Johnston, 1999) describes policing as surveillance and threat of punishment or sanction. This role is usually carried out by agents funded by the state known as the public police along side other agents which may either be privately funded or unpaid volunteers known as private security (Bayley and Shearing, 1996), all accountable to the law and citizens. The private security industry is broad and comprises of...
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...INTRODUCTION Information security is an essential topic to any airports because it causes a huge loss and impact on the society. There are many control systems in an airport, and the report only focus on air traffic control system (ATC). The risks, mitigations strategies, risk management plan is analysis the technology problem and solution to the computer system of ATC. In this report, the hazard, financial and operational risks that cause by information technology vulnerability is assess in the first session. The second session discusses the risk management techniques for the risks that identify in first session. Lastly, the risk mitigation plan is discussed the critical business function and plans to deal with computer outage, power outage when the issues happen. RISK ASSESSMENT Activity, Asset, Data information, risk The Air Traffic Control (ATC) is responsible for several activities in the airport. It involves separation assurance, landing services operating, navigation and ground control. Separation assurance is one of the main ATC components. It maintains the separation of aircraft from each other to avoid collision (Dwyer & Landry, 2013). The separation assurance tracks the position of each aircraft, and air traffic controller collects the information and provides it to the pilot. Both of automated tasks and manual tasks are involved in this function. The flights information such as identification, location and situation is recorded and used in the system...
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...The author(s) shown below used Federal funds provided by the U.S. Department of Justice and prepared the following final report: Document Title: Lake County, California, Arrest Policies Project: A Process Evaluation Author(s): Brenda K. Uekert Ph.D. Document No.: 201874 Date Received: September 2003 Award Number: 98-WE-VX-0012 This report has not been published by the U.S. Department of Justice. To provide better customer service, NCJRS has made this Federallyfunded grant final report available electronically in addition to traditional paper copies. Opinions or points of view expressed are those of the author(s) and do not necessarily reflect the official position or policies of the U.S. Department of Justice. Institute for Law and Justice 1018 Duke Street Alexandria, Virginia Phone: 703-684-5300 Fax: 703-739-5533 E-Mail: ilj@ilj.org Lake County, California, Arrest Policies Project A Process Evaluation April 5, 2000 Prepared by Brenda K. Uekert, Ph.D. Prepared for Lake County, California National Institute of Justice Violence Against Women Office Introduction The Grants to Encourage Arrest Policies Program encourages jurisdictions to implement mandatory or pro-arrest policies as an effective domestic violence intervention that is part of a coordinated community response. Congress appropriated funds for the Arrest Program under the Violence Against Women Act (1994). The Program assumes that the arrest of a...
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