NORTHCENTRAL UNIVERSITY ASSIGNMENT COVER SHEET Learner: Uchendu, Prince | | BTM7102 | Dr. Dmitry Eremin | | | Research Topics of Interest | Assignment 2 | | | Although the main task instructions did not include the turning in of the 8 to 10 topics of interest list required, but it did not exclude its submission either. So I decided to add it at the end of the document post reference section. It can be disregarded if it does not need to be considered as part of the
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pleaded guilty to federal fraud charges, Beam being one of them. Richard Scrushy, founder and former CEO of HealthSouth Corp., denied that he was involved in this fraud and 36 of his fraud charges were dropped. But the following year, in 2006, Scrushy and former Alabama Governor Don Siegelman were found guilty of federal bribery charges and are now serving a six-year sentence at a Teaxas prison. Aaron Beam is a co-founder of HealthSouth. In 2005, Beam was convicted of Bank Fraud. He was sentenced to
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corporate-wide exposure to financial statement fraud. These developments have resulted in comprehensive legislation and Securities and Exchange Commission (SEC) rulemaking concerning corporate governance and internal controls. Among the regulations is the Sarbanes-Oxley Act of 2002 which mandates that company management must file an annual report of the adequacy of internal controls related to its financial reporting. Controls related to the prevention and detection of fraud are an integral part of a company’s
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Responsibility Today to Detect Fraud; include how do these responsibilities fit into the professional practices of: external auditors, Certified Public Accountants in public practice and Internal Auditors and what has changed in these areas in recent years? For standards or articles use the following items as they relate to your paper to help organize your paper. Statements on Auditing Standards (SAS), especially all those statements relating to fraud, Financial Accounting Standards Board (FASB), International
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giving away your case ahead of time. 2. Design a vulnerability chart to coordinate the various elements of the possible fraud. Case study 2 Based on your understanding of a fraud examiner's responsibilities regarding documents what should the audit firm personnel have done with their documents if they had suspected that fraud had occurred. Components of the fraud triangle, which are pressure, opportunity and justification, are similar to the fuel, spark and oxygen which together cause
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Why accounting is important The significance of accounting has never been more needed than today in the market, with the economic crisis and the worlds market in decline. Maybe a lot of people are losing their jobs in many fields, accounting stays is staying strong. The reasons why this is happening is because accounting is a very important aspect in the economy and the society. If we ask an accountant, why we need accounting, he will say that is the only way to grow our business and flourish
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Final Examination According to IRS 25.1.1.2 “tax fraud is often defined as an intentional wrongdoing on the part of a taxpayer, with the specific purpose of evading a tax known or believed to be owing” (Hopwood, pg 320). By this definition, if Tom Anderson ignores the receipt to the foreign trust, he is enabling Mary Wench in tax fraud. Mr. Anderson should encourage Ms. Wench in reporting the foreign trust deposit and other related income that she might be hiding. If Ms. Wench resists, Mr. Anderson
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as a result of accounting irregularities and fraud. Especially responsible were the very visible Enron and WorldCom fraud cases. Both companies filed for bankruptcy and constituted the largest companies in American history to do so. The extent of the accounting irregularities and fraud being investigated and disclosed brought into question the effectiveness of financial statement audits. In addition, the criminal conviction of Arthur Andersen, LLP, one of the then Big 5 accounting firms, on charges
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Managerial Accounting Accounting: An Interesting and Diverse Career Within the Career Path of Accounting there are certainly a diverse range of options. One can choose to be a Corporate Accounting Assistant, an Accountant, a CPA (Certified Public Accountant), a CMA (Certified Management Accountant), a Forensic Accountant, an IRS Agent, an International Accountant, a comptroller (or controller), or even a Chief Financial Officer (CFO). This is just a few careers in accounting. Accounting also
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ALBERT MAINGI MUSYOKA D61/63378/2010 DAC: 606 ADVANCED ACCOUNTING SEMINAR A TERM PAPER PRESENTED FOR THE PARTIAL FULFILMENT OF THE MASTER OF BUSINESS ADMINISTRATION UNIVERSITY OF NAIROBI JANUARY – APRIL 2012 Contents SUMMARY OF TERMS 3 ABSTRACT 4 STATEMENT OF THE PROBLEM 5 LITERATURE REVIEW 6 a. Introduction 6 b. The Need for an Audit 7 c. Risk of fraud 8 d. The Auditor-Investor ''Expectation Gap'' 9 e. Auditing Profession and Challenges 9 f. Public opinion 10 g. Family or
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