BANKING AND FINANCE ETHICS IN THE FIELD OF CORPORATE POLICIES Corporate Ethics The broad area dealing with the way in which a company behaves towards, and conducts business with, its internal and external stakeholders, including employees, investors, creditors, customers, and regulators. In certain national systems minimum standards are required or recommended in order to eliminate potential conflicts of interest or client/employee mistreatment. Corporate Policy A formal
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behind a ponzi scheme is to promise large returns to the small group of investors over a period of time. A key issue behind convincing a small group of investors to give up their money is proving that the investment and the return is legitimate and not fraud. So, during that time period that the scam company promised the return on investment, it needs to find another set of more investors to pay off the previous group with interest.
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existed for many decades, I have conducted research regarding the definition of white collar crime, the history of white collar crime, the different types of white collar crime that affect businesses directly and indirectly, goals of white collar crime, fraud statistics and the cost factors related to white collar crime. White collar crimes and business ethics play hand in hand with one another and often cross the line with one another into criminal behavior. White collar crimes have played a very
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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
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In the wake of global scandals involving kickbacks and accounting fraud, one unlikely country, India, is aiming to set a tone in overhauling its corporate oversight laws. This month, the nation’s upper house of Parliament passed the Companies Bill, 2012, sweeping legislation meant to overhaul auditing, impose stiffer penalties for fraud and create more government oversight of businesses. The lower house had passed the bill last year. Once India’s president, Pranab Mukherjee, signs it into law,
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Kaitlin Sleasman Fraud Paper 1/14/11 Acct. 211 In October of 2004, Qwest Communications International, Inc., was charged by the Securities and Exchange Commission for securities fraud and other violations of the federal securities law. The accusations were being traced back between 1999 and 2002. Qwest recognized more than $3.8 billion in revenue and also excluded more than $230 million in expenses in order to meet unstoppable revenue and earnings projections. Qwest Communications did not
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------------------------------------------------- Edwin w. edwards Louisiana Political Fraud August 25, 2013 Professor Cynthia waddell By: Christina Black August 25, 2013 Professor Cynthia waddell By: Christina Black Politics in Louisiana has and still remains to be today a controversial and interesting issue. Since statehood in 1812, Louisiana has been traditionally conservative and today remains to be marginally democratic. It has long been known for its toleration of corruption
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Ethics and Corporate Social Responsibility Kelli Penner Introduction to Business SP16 Dr. Carl W. Proehl, Jr March 22, 2016 The nature of the article I chose is on fraud, bribery, and overcharging. It is about a retired Navy official, Edward Aruffo, who started a second career working for defense coordinator Glenn Defense Marine Asia. They plead guilty in federal court on July 7th, 2014. Admitting that he and others overcharged the Navy by up to $2.5 million for port services to American
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Anatomy of a Fraud Project Abraham Kennard: The False Profit Alisan James Forensic Accounting November 25, 2013 Dr. N. Sharma Abstract The goals and objectives of a fraud investigation are to think critically and creatively to be able to prepare and organize ideas to uncover a suspected fraud. Crook, hustler, swindler, fraudster and con artist are all used interchangeably to describe someone who will spare no expense to deliberately and intentionally achieve an advantage over another
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largest telecommunications corporations in the world. Instead, it became the largest bankruptcy filing in U.S. history at the time and another name on a long list of those disgraced by the accounting scandals of the early 21st century. ACCOUNTING FRAUD AND ITS CONSEQUENCES Unfortunately for thousands of employees and shareholders, WorldCom used questionable accounting practices and improperly recorded $3.8 billion in capital expenditures, which boosted cash flows and profit over all four quarters
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