The term of “fraud triangle” was developed by Dr. Donald Cressey, a criminologist who studied embezzlers. The three basic elements of fraud triangle include perceived pressure, perceived opportunity, and the ability to rationalize. It explains the nature of many fraud offenders and also become a tool to assess the risk of fraud. It is important to companies to incorporate the fraud triangle theory in order to reduce the risk of fraud within their organization. From my standpoint, companies should
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Case Study: A Perky Way to Productivity Describe the importance of employee benefits as a strategic component of fulfilling the goals of HRM. Employee benefits are the single most important motivator to maintaining an experienced workforce. Longevity of employees in a company contributes to their financial stability. Depending on the company it can make or break obtaining talented employees. While applicants are being interviewed for a job, so is the company. Reports of high turnovers do contribute
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When you think of the word empowerment, what comes to most peoples mind is power or at least that is what comes to my mind. In the American Heritage College dictionary fourth edition, it is a noun of the word “empower”, they describe it as “1.to invest with power esp. legal power or official authority, and 2. To equip or supply with an ability; enable.” (Empower, 2010, 2002, p. 460) In my research on the subject, I found that people use the word in different context in different fields of study
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EMPLOYEE BENEFITS & SERVICES While today’s organizations are recognizing employee diversity , most are finding that their personal services benefits packages to be either non-existent or out of date considering the new world market. But with the implementation of new laws and tax breaks for both employer and employee, many are moving toward programs that involve options that benefit the structure as a whole. As organizations compete in today’s marketplace , what become clear is that they
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Q1 The case concerns about disposal of a capital asset. The vacant land, which is acquired by Colourvision Pty Ltd at $12,000,000 on 1 January 1986, is sold for $3,000,000 on 1 January 2014. As the land is acquired after 20 September 1985, the old law cannot apply, capital gains need to be caught by CGT according to Part 3-19(ss. 100-1- 121-435) and Part 3-3(ss. 122-1- 152-430). As all the discussion can be only in the progress based on a “CGT event”(s 102-20 ITAA97), and “CGT event” are always
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strategy for Clapton Commercial Construction, the Atwood and Allen Consulting firm will research multiple factors, and provide a comprehensive recommendation proposal to the firm. The proposal includes the development of clear job descriptions and employee performance plans, a local market evaluation, market position, performance incentives, and laws pertaining to Arizona compensation, as the construction company is expanding the operation in the near future. The Clapton Company requests the recommendations
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interests. A partner or professional employee of the firm, his immediate family, or any group of such persons acting together owned >5 % of a client's outstanding equity securities or other ownership interests. During the period covered by the financial statements or during the period of the professional engagement, a firm, or partner or professional employee of the firm was simultaneously associated with the client as a(n) 1. Director, officer, or employee, or in any capacity equivalent to that
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Benefits under the Employment Injury Insurance Scheme: i. Medical Benefit Where an employee contracts any occupational disease or meets with an accident, they are entitled to free treatment at SOCSO panel clinics or government clinics or hospital. Treatment need to be continued until they are fully recovered. For serious injuries, medical care may be obtained from the Government hospital and the employee is eligible for second class ward treatment. Specialist treatment will be provided, if required
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tax where the individual in personal contract happens to be an employer who is providing the “flyer points” given to worker who happens to be a family member in regards to the employment. This means, Fringe Benefit Tax will only affect where the employee and the employer are family related and that flight reward payments are given in relations with employment.For instance in the Payne’s case 1999 the Federal Court observed that the flight rewards gotten in consumer loyalty promotions are not income
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Socio-Economic Study The project was expected to have some impacts in the socio-economic aspect particularly on the communities nearby. The project will provide more work and profit for the people of the community that can support them to have a standard living and improve their socio-economic statuses. It can also help the government to support its programs by generating profits through the taxes therefore the project can contribute to the economic growth of the country. The government, the
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