Preview

Accounting-Ethics

Good Essays
Open Document
Open Document
1049 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Accounting-Ethics
cc | 2012 | | Earl-Rae Husselmann
Grade 10 C |

[Accounting: case study] | | |

Question 1:
1.1. They indentify fraud and try to find out why people commit such crimes. Teach or enrich people by letting them know what is right. They probably teach people or students how to uncover fraudulent acts carried out by citizens. They try to find the causes for people committing white-collar crimes.
1.2. Anything to do with fraud and bribery or corruption involving finance. People who are well educated that steal large amounts of money illegally.
1.3. People that can’t control their greed and temptation. Things like materialism and vulgar consumerism encourages a climate of self centeredness. The overriding passion for personal gain is a reason. The declination in traditional channels of moral self-control and changes in the ethical role in religion promotes such crimes.
1.4. Attorneys trust account is an account for Attorneys allowing them to hold funds on the customer's behalf.
1.5. KPMG and they questioned 1000 listed companies and 400 ‘public entities’.
1.6. A department that focuses immensely on the detail of the accounts of companies which undergo fraud and investigations are carried out by this unit into suspects (mainly employees).
1.7. The weakening of social values is seen as the main reason for the increase.
1.8. It brings the reputation of big companies down if fraud takes place and because it’s not a violent crime it doesn’t really faze people and it’s not really harshly punished. It’s embarrassing and it leaves nasty scar in your reputation which can never be repaired.
Question 2
2.1. The right to control the use and distribution of movies and software or any artistic creation, in South Africa. Because it’s basically theft and stealing is a crime. Producers of these things want a profit and if it is stolen that won’t happen.
2.2. The Recording Industry of South Africa (RISA) and the Southern African Federation Against Copyright

You May Also Find These Documents Helpful

  • Powerful Essays

    mdaniels IS3110 week5quiz

    • 1535 Words
    • 6 Pages

    Investigate incidents- If an incident occurs they are responsible for determining the priority and impact of the incident.…

    • 1535 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    Their main job function is to bring business opportunities, enhance organization reputation and add value to job accomplishments. If necessary, they will propose to the firm whether our…

    • 483 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Accounting Ethics 2

    • 531 Words
    • 3 Pages

    ASSUME YOUR WORK AS AN ACCOUNTANT FOR FEB REALITY CO., A SMALL LAND DEVELOPMENT COMPANY THAT DESPERATELY NEEDS ADDITIONAL FINANCING TO CONTINUE N BUSINESS .THE CEO OF YOUR CO. IS MEETING THE MANAGER OF UIC BANK AT THE END OF THIS MONTH TO TRY OBTAIN A LOAN.…

    • 531 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Irwin Margolies

    • 5801 Words
    • 24 Pages

    Most fraud cases are perpetrated by what are known as white-collar criminals. In 1939, the term “white-collar crime” was coined by Edwin Sutherland, a criminologist and sociologist. Sutherland defined white-collar crime as crime perpetrated by individuals of high social status within their field of work. Alternatively, in 1981, the United States Justice Department…

    • 5801 Words
    • 24 Pages
    Powerful Essays
  • Good Essays

    Since the term was created in 1949 by the American Criminologist, Edwin Sutherland, crimes have tended to be the limited domain of these different groups. Social and technological changes have made white-collar crime openings more obtainable to a broader range of people than ever before. The most common white-collar offenses include: antitrust violations, computer and internet fraud, credit card fraud, phone and telemarketing fraud, bankruptcy fraud, healthcare fraud, environmental law violations, insurance fraud, mail fraud, government fraud, tax evasion, financial fraud, securities fraud, insider trading, bribery, kickbacks, counterfeiting, public corruption, money laundering, embezzlement, economic espionage and trade secret theft (Legal Information Institute, 2015). The essential changes include a growth in white-collar– type jobs, the progress in state largesse, an rise in trust relationships, economic globalization, the revolution in financial services, and the rise of the Internet as a means of communication and business (Miller, 2009). Many white-collar crimes are especially difficult to prosecute because the perpetrators use sophisticated means to conceal their activities through a series of complex transactions. According to the Federal Bureau of Investigation, white-collar crime is estimated to cost the United States more than…

    • 940 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    #5. Identify the principal agents who expose white collar crime in contemporary society. What factors motivate people to expose such crime, and what factors inhibit them from doing so? What specific policy measures can be adopted to encourage exposure of white collar crime?…

    • 1446 Words
    • 6 Pages
    Powerful Essays
  • Better Essays

    In this article, Hoover describes the role of the FBI, stating that they are responsible for investigating crimes that go against US laws. He thoroughly goes through different aspects of the FBI, like personel, various divisions, and their accomplishments. The article is comprised of details and quantitative data regarding the matters…

    • 632 Words
    • 3 Pages
    Better Essays
  • Satisfactory Essays

    Lifestyles and motivating factors are involved in the nature of a crime when it comes to choice theories.…

    • 263 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    The agency also has the function of conducting special investigations of allegations regarding the violations associated to federal criminal law, especially the conflict of interest or sometimes procurement and contract fraud (Kaiser, 2008). The agency conducts these activities through small offices which ensure that it goes a notch higher with respect to the accountability process and has the mandate of being able to prosecute those involved in such fraud and other criminal activities related to federal…

    • 919 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Accounting Ethics Wk 3

    • 350 Words
    • 2 Pages

    1. Evaluate the actions of the parties from the perspective of six pillars of character.…

    • 350 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    To carry out investigations and periodically inspect the premises and activities to make sure the law is being complied with to the highest possible, practical and attainable standard.…

    • 2054 Words
    • 9 Pages
    Satisfactory Essays
  • Good Essays

    Section 55- Article IV: Objectivity and Independence:A member should maintain objectivity and be free of conflicts of interest in discharging professional responsibilities. A member in public practice should be indpeending in fact and appearance when providing auditing and other attestation services. .01 Objectivity is a state of mind, a quality that lends value to a member’s services. It is a distinguishing feature of the profession. The principle of objectivity imposes the obligation to be impartial, intellectually honest, and free of conflicts of interest…

    • 863 Words
    • 4 Pages
    Good Essays
  • Good Essays

    White Collar Crime

    • 537 Words
    • 3 Pages

    Some of these challenges are codes of silence, employers asking for resignations to avoid scandal and attention and enquiries of occupational wrongdoing are not well received by coworkers. A major challenge is discerning whether a victim is truly a victims or simple used bad judgment that caused their own loss. A street crime involves proving actual concreate events like a shooting, a robbery or the drug deal. A white collar crime most often does not provide obvious events. Furthermore, white collar crime statutes are notoriously broad. These characteristics cause challenges to defining white collar crime. While white collar crime focuses on elite crimes for example, employee theft and lower level occupational crime. When observers ignore the status of the offender, economic crime can include minor fraud, embezzlement, and the like, even when it is not committed by individuals of high…

    • 537 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    The purpose of this report is to analyses the legal and ethical issues associated with the changes in digital image technologies.…

    • 3418 Words
    • 13 Pages
    Powerful Essays
  • Good Essays

    Throughout his youth, Sparky was awkward socially. It wasn’t that the other students disliked him; it’s just that no one really cared all that much. In fact, Sparky was astonished if a classmate ever said hello to him outside of school hours. There’s no way to tell how he might have done at dating. He never once asked a girl out in high school. He was too afraid of being turned down… or perhaps laughed at. Sparky was a loser. He, his classmates… everyone knew it. So he learned to live with it. He made up his mind early that if things were meant to work out, they would. Otherwise he would content himself with what appeared to be his inevitable mediocrity.…

    • 16391 Words
    • 66 Pages
    Good Essays