ACCOUNTING FRAUD I INTRODUCTION II HISTORY OF ACCOUNTING PROFESSION AND FRAUD ENVIRONMENT A- Birth of profession B- Lack of accounting STANDARDS III EVIDENCES A- External audit B- Bankruptcy IV MOTIVATIONS OF FRAUD A- Personal initiatives B- Market expectations C- Special circumstances D- Cover-up fraud V METHODS TO REDRESS THE FRAUD A- Court case B- Provisory administration VI CONCLUSION Summary In the book Creative Accounting, Fraud and International
Words: 1056 - Pages: 5
time, computers could be compared to a dangerous weapon considering this technology could be used to steal other people’s personal information. Cyber theft is using a computer as a base and a network to travel through the internet to any device that is connected to the internet. However, cyber theft started when criminals started finding a way to hack into people's emails by sending someone an email that has an attachment. This attachment is actually a virus that will download itself to the person
Words: 1547 - Pages: 7
general terminates that the internet is crushingly strong equipment for expansion. Inconsistently, the internet is a “double-edged sword,” offering several choices for peoples and associations to expand except at the similar time, has carried out with it fresh choices to execute crime. The paper disputes that the internet shows fresh confronts to law enforcement in every expanded and budding nations. Conversely, budding nations endure significantly as of the actions of internet crime than their expanded
Words: 790 - Pages: 4
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
Words: 3274 - Pages: 14
The Zone-1 Investigations Unit has received the crime you reported to our agency. I have reviewed the incident as reported, but at this time there is not enough evidence to locate a suspect. There are a number of variables for the investigation of Fraud cases. These include, but are not limited to, jurisdiction over the crime, the identity and location of any suspects, the availability of any real leads in the case, the amount of actual loss, the location of the person and company suffering the actual
Words: 804 - Pages: 4
What is fraud? Fraud is defined as “the intentional false representation or concealment of a material fact for the purpose of inducing another to act upon it to his or her injury” as defined by the American Institute of Certified Public Accountants. In other words, fraud is gaining an unfair advantage over another person. Legally for an act to be fraudulent it has to include the following: 1- A false statement, misrepresentation, or a false disclosure. 2- A material fact, which is something that
Words: 1390 - Pages: 6
The growth of the internet in the modern world has seen every sector of the society embrace the use of Information and communication technologies (ICTs). This has spurred the demand for internet and computer connectivity. Today, virtually all modern services depend on the use of ICTs. The growth of ICTs has led to the increase of various opportunities in every sector that has been touched by its tentacles for example access to information within a touch of a button, efficiency in service delivery
Words: 646 - Pages: 3
giving WorldCom a greater market share. By 1998, WorldCom had become a full-service telecommunications company, able to provide services to virtually any size of business with a full complement of telecom services. Its integrated service packages and Internet strengths gave them substantial competitive advantage. After its unsuccessful attempt to acquire Sprint in 1999, due to regulatory hurdles, WorldCom began drifting as Ebbers lacked strategic sense and he knew that acquisitions were not anymore a
Words: 1685 - Pages: 7
In the United States, from an early age we are taught that individual wealth is a measure of personal success. Wealthy people are viewed as powerful, happy, and successful. They are also viewed as having access to educational and occupational means that provide them with opportunities to increase their wealth. Strain theory as it relates to digital crime involves the feeling of people in the lower and middle social classes that they do not have equal opportunities or access to those same educational
Words: 753 - Pages: 4
thought if should be. Therefore, this is another problem that can come up when going through eBay. Paying through PayPal has its pros and cons. For example: I was set up to purchase and item through PayPal, the amount of the invoice was shown on the internet in the amount of $100.00, and coming from New York. However, once I click the purchase tab on PayPal, the bank called inquiring that the transaction was
Words: 716 - Pages: 3
