third, it is to recommend the possible actions and preventive measures to curb these scandals. 1. Introduction In the recent years, the public and business community have been surprised with the exposure of many corporate scandals and accounting fraud by the managers of the company. It disappoints many stakeholders as after the financial crisis in 1997, many efforts have been initiated and implemented to strengthen the business control and foundation of the company. One of the important lessons
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COMPANIES: THE WORLDCOM FRAUD Introduction The purpose of this report is to investigate and discuss the accounting fraud that occurred at WorldCom in order to recommend improved strategies to Berkshire Hathaway’s management for avoiding investments in companies with fraudulent financials. Accounting fraud is a crime committed by high level employees at an organization to manipulate the organization’s financial statements and intentionally disguise company performance. The fraud is committed without
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CHAPTER 5 COMPUTER FRAUD SUGGESTED ANSWERS TO DISCUSSION QUESTIONS 5.1 Do you agree that the most effective way to obtain adequate system security is to rely on the integrity of company employees? Why or why not? Does this seem ironic? What should a company do to ensure the integrity of its employees? The statement is ironic because employees represent both the greatest control strength and the greatest control weakness. Honest, skilled employees are the most effective fraud deterrent. However
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understand the motive of fraud. What if psychology is the key to figuring out questions that every company wonders? For instants, Why is accounting fraud happening? Where it usually happens? How can accounting fraud being done? What causes accountants to commit this action? When can companies detect accounting fraud? Keywords: Fraud, Detect, Prevention, Accounting, Fraudulent, Mind, Psychology, Crime Introduction Worries about fraud have been of down to
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route she can choose? 1 of 7 International Kangaroo Mathematics Contest 2012 – Cadet B A (A) 900 m (B) 800 m (C) 700 m (D) 600 m (E) 400 m 8. The diagram shows two triangles. In how many ways can you choose two vertices, one in each triangle, so that the straight line through the vertices does not cross either triangle? (A) 1 (B) 2 (C) 3 (D) 4 (E) more than 4 9. Werner folds a sheet of paper as shown in the figure and makes two straight
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Empress Land Rules: Form four groups with four members in each. Therefore in total there should be 16. Take a piece of paper rip it into four pieces. Write one through four on the papers. Then fold them each into little pieces take a hat and shake it well and have one member from each group choose a number. Whatever number they choose is the number that their group will go in. there will be no yelling or shouting during another groups turn each team has 30 seconds to answer their question two
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Procedures in Collecting Forensic Evidence The following events and irregularities were among those found in the Apollo Shoes Inc. Case financial information. These events need an additional attention and possibly investigation to prevent fraud: * In the Minutes of the Audit Committee from October 18, 2011 - Mr. Unum (VP Finance) refused to disclose the information about the circumstances surrounding the unexpected withdrawal of the previous auditing company from the engagement. He also refused
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different types of triangles. Identifying the different types of triangles can become confusing for many students. A measurable learning objective is: Given four different triangles, students will give the name of each triangle and list the attributes associated with the given triangle with 85% accuracy. In this lesson, teachers would introduce the spider map to each student with the center oval and long legs filled out at the beginning of the lesson. A picture of each triangle could also be provided
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involved in a series of criminal acts but whose criminal organization carried out the details. 2. Benford’s Law (1)定义：A fraud indicator that predicts the relative incidence of first digits of numbers in certain types of random data. (2)Benford Analysis Benford analysis presents another interesting approach to fraud detection. Its general use is to determine the likelihood that fraud exists in records. This technique is based on Benford’s law, named after Frank Benford who realized that the likelihood
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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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