Accounting: Accounting Fraud at WorldCom Date: 1/26/2015 3. What are the pressures that lead executives and managers to "cook the books"? The CEO and CFO of WorldCom wanted to “cook the books” because they wanted to keep the company’s stock price growing. Managers and accountants “cook the books” because they are forced to do so by their CEO and CFO. WolrldCom CEO Ebbers believed that increasing the stock price is their number one priority, so he set up a goal for the corporation--“The
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All he liked to do was learn the ins and outs about everything, especially computers. Aaron spent a lot of time in the library learning. He created the RSS, reddit, and Demand Progress. When he created Demand Progress, it was to campaign against the Stop Online Piracy Act. But, what he was most noted for was the stealing of JSTOR’s (journal storage) academic archive from Massachusetts Institute of Technology’s (MIT) computer system. Aaron believed that anything that belonged to learning should not
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Comprehension is the organization must able to demonstrate that the employee understood the requirements and content of the policy. Compliance is the organization must be able to demonstrate that the employee agreed to comply with the policy through act or affirmation. Uniform enforcement is when the organization must be able to demonstrate that the policy has been uniformly enforced, regardless of employee status or assignment. There a lots laws when you working for and IT Company. Civil law is a
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Assignment 1: Digital Computer Crime Information Technology in Criminal Justice Lashavia Davis Strayer University Professor Marina Stakic February 4, 2015 Computer crimes refer to any crime that involves a computer and a network, where unauthorized use of the computers where it may or may not have played an instrumental part in committing the crime. Computer crimes have a broad range of potentially illegal activities. It may be divided into one of two types of
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Issues 1.- What different Course of action David Sokol should have taken? 2.- What measures can and should be taken to make it easier for corporate employees to “blow the whistle” on a fraudulent scheme they uncover within their firm? 3.- Should business, accounting firms, and other organizations explicitly reward ethical behavior by their employees and executives? 4.- What measures accounting firms can take to reduce the risk that personal relationships between client personnel and members
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Puffery Comparing your product to that of a competitor without scientific studies to substantiate your claims could lead to charges of deception. Saying you make a better pizza is puffery. Saying two out of three people prefer your pizza when you have no studies to substantiate the claim crosses the line to deception. Literal false largely applies to promotional materials that involve statistical and testing proof of claims. The “tests prove” literal false advertising is where advertising relies
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Health care Fraud Health care fraud is a crime that has a significant effect on the private and public health care payment system. According to the Federal Bureau of Investigation, all health care programs are subject to fraud with Medicare and Medicaid being the most visible. It is estimated that fraudulent billings to both private and public health care programs are between 3 and 10 percent of total health care programs expenditures. The most recent Centers for Medicare and Medicaid (CMS) statistical
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“Gozi” virus that infected a million computers including NASA computers and bank computers. The Gozi virus is also known as a Trojan. It infiltrated businesses the way a wooden horse rolled into Troy. The wooden horses, in this case, are the employees of businesses who click on suspicious links in an e-mail, or fail to recognize a phony banking website when they see one. The virus and other malicious software infected individuals' and businesses' computers, and then stole log-in information
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PART I – 5 Cases where moving and storage companies were sued for some type of fraud against the Consumer and/or against other Businesses These group of cases represent consumers in lawsuits against moving companies and/or arbitration. Lawsuits against moving companies may include damages to property, breach of contract, tariff or regulatory violations, and hostage loads. * The Attorney General's Office filed a lawsuit against Moving Max in July 2014, alleging they "engaged in a predatory
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YBERWHAT IS CYBER CRIME? Criminal activity in the cyberspace environment, commonly called “cybercrime” (also called computer criminal activity), is any illegal behavior directed through digital functions that overcomes the protection of personal computers (PCs) and everything associated with it. It involves a variety of issues ranging from the robbery of details from a PC or system, to the use of a PC, while in the performance of a criminal activity. As more companies connect their systems to the
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