Salami Fraud (1) by M. E. Kabay‚ PhD‚ CISSP Associate Professor‚ Computer Information Systems Norwich University‚ Northfield VT The recent disclosure that WorldCom concealed almost $4 billion of expenses as if they were asset acquisitions and thus falsified its accounting reminds me of the very opposite kind of fraud – one that involves lots of little thefts instead of one gigantic theft. In the _salami fraud_‚ criminals steal money or resources a tiny bit at a time. Two different etymologies are
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Homework #1 Bonne Consulting Group Based on the information giving‚ the internal controls missing in Helen’s company is the separation of duties. This company should have in place internal controls where a person works with consultant‚ another person or department initiate the payment process someone else authorize payments and accounting should disburse payments. Also the fact the company merge with a bigger company and no one controlled other accounts such as the Jackson & Company shows the
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present study of the core ontological tenets of constructivism. Namely‚ I modeled constructivism’s two core ontological tenets: (1) that “social reality is constructed” and social agents are the “social constructors of their own practices and structures;” and (2) that the agent-constructed social world informs agents’ interests and thereby circumscribes what they see as possible and morally appropriate courses of action. Building on the first core ontological tenet of constructivism‚ the exogenously
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Running head: Nonprofits and SOX Heather Tanenbaum Student ID: 3750548620 Accounting Capstone: Senior Seminar in Accounting ACC499 004016 Summer 2009 Nonprofits and the Sarbanes Oxley Act Submitted: Submitted to: Tee M. Thein Table of Contents Abstract Introduction SOX regulations for nonprofits Reasons for nonprofits to adopt SOX Conclusion Research file memorandum Communication memorandum References Abstract Introduction
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profit and began his fraudulent activities. He was running false credit card charges on clients’ cards and check kiting. However‚ he was able to commit fraud on a large scale‚ when he gathered enough of a balance sheet built off fraudulent transactions. His major crimes were perpetrated against banks and investors by committing financial statement fraud. Such activities enabled him to obtain cash through bank loans and investment funds. Barry had fixed assets on the balance sheet that were fictitious
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unified class. Equality is perhaps the largest tenet of socialism. This can be observed through examining key socialist ideas like education for all and healthcare for all. Ultimately equality is sought through the reappropriation of wealth/labor and subsidization of public services. It’s easy to get lost in the daydream of socioeconomic equality‚ but socialism has some downsides as
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despite the tremendous market pressure. Tenet Healthcare Corporation is among the many organizations that the struggle for a position in the healthcare industry (Klaidman‚ 2010). However‚ this struggle has contributed to a series of legal and ethical scandals that have largely changed the reputation of the company. Based on theoretical and practical explanations‚ this paper seeks to critically analyze one of the most recent scandal involving doctors at Tenet Healthcare who carried out unnecessary
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Goal 1 – To maintain a safe‚ healthy learning enviroment. To establish and maintain a safe‚ healthy learning environment I model safety practices and healthy routines in an environment that supports development and growth in these areas. To accomplish this goal I complete daily safety checklists that include ensuring exits and hallways are open‚ electrical cords are out of reach‚ evacuation procedures are posted‚ fire extinguisher is working‚ emergency numbers are posted‚ sharp objects and
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revolutionize the world of technological. In fact‚ he dropped out of collage after six month due to financial problems; nevertheless‚ he still followed his dreams. Furthermore‚ though he went through lots of struggles‚ he still succeeded. He reached his goal‚ and became the CEO of Apple‚ and the co-founder of Pixar for Disney
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Competency Goal 1 To establish and maintain a safe‚ healthy‚ learning environment Functional Area 1: Safe My goal is to prevent or reduce injuries while the children are in my care. This is important because young children are often not aware of hazards in their area. One of the ways to do this is by supervising the children at all times. You should always be able to see and hear the children. Another way I can do this is by checking the childcare environment‚ both inside and outside‚ every
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