Khanani and Kalia was one of the largest currency exchange companies in the country‚ founded in 1983 by Hanif Kalia. Khanani and Kalia claims to be Pakistan’s first ISO 9001 and 27001 certified Exchange company. The directors of the company were accused of violating the Foreign Exchange Regulations Act‚ the Prevention of Electronic Crimes Ordinance and the Pakistan Penal Code by operating a money transfer system based on personal contacts‚ known as Hawala. Munaf Kalia and Javed Khanani‚ directors
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In 1996‚ a city manager in California’s Contra Costa County became suspicious when a local disposal service company asked for help keeping itself afloat. Orinda-Moraga Disposal Services wanted to raise rates on its customers and needed the Contra Costa Sanitation District’s approval. However‚ the company had recently stated its desire to lower rates. The wary city manager hired forensic accountant Dan Ray to uncover the truth. After examining Orinda-Moraga’s records‚ Ray discovered that the company
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making * High risk for being over-reliant on partner B. Choice 2 – Franchise 1. Significance of choice 2 * Good local knowledge and network * Low risk and investment * Quick and wide expansion 2. Reasons why choice 2 may not be optimal * Low control * Reputational risk for different standards * Possibility of conflict with franchisee C. Choice 3 – Sole Proprietorship Enterprise 1. Significance of choice 3 * Full control * Low reputational risk * Quick decision
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Please read "Children’s Hospital and Clinics (A)" available in the course packet and consider the following questions: 1) What is your assessment of the Patient Safety Initiative at Children’s? What do you think about blameless reporting? Answer: blameless reporting：Blameless reporting encouraged front line workers to use patient safety reports to discover and eliminate breakdowns in hospital systems and processes. Language 好处：Indeed‚ Morath emphasized the avoidance of several words that were indicative
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Recognizing Contract Risk and Opportunities Memo Tim Crouch LAW/531 May 30‚ 2011 Lisa Sweeney Christensen Abstract The purpose of this memo is to address legal issues and legal principles found in the Recognizing Contract Risk and Opportunities simulation. Within this simulation‚ two companies – Span Systems and Citizen-Schwarz (C-S) AG – are engaged in a contract where Span will create banking software for C-S. However‚ the contract is not clear on all issues and the resulting ambiguities
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From: The Alchemy Inc. External Audit Team Date: September 23‚ 2008 Re: Internal Control Weaknesses Leave Alchemy Inc. Vulnerable to Errors‚ Fraud‚ and Abuse Internal controls represent an organization’s processes and procedures used to meet its goals and objectives and serve as a defense in safeguarding assets and preventing and detecting errors‚ fraud‚ and abuse. Effective internal controls provide reasonable assurance that an organization’s objectives are achieved through (1) reliable financial
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| | |Financial Statement Fraud | |Navistar International Corporation | |
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Fraud Examination & Forensic Accounting Professor: David L. Cotton Meriann El Haddad Student Travel Agent Fraud Analysis Christopher Ryan Thomas‚ who ran a travel business‚ was sentenced for stealing students’ spring break funds. In September 2006‚ Thomas was selected as a travel agent by the senior class at Hampton University who were planning a spring break trip to the Sunset Beach Resort and Spa in Jamaica. From November 2006 through April 2007‚ Thomas collected approximately
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KPMG United States- Oct. 17‚ 2015 1. Issuer O: “The Firm identified a fraud risk related to revenue. The Firm’s testing of controls over revenue and accounts receivable‚ however‚ was insufficient. Specifically: With respect to one of the issuer’s segments‚ which consisted of three business units‚ the Firm failed to identify and test any controls over revenue and accounts receivable for two of the business units‚ which‚ in combination‚ represented a significant portion of the issuer’s total revenue
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Freddie Mac Fraud Thanaphan Darnsomboon PME604 Project Financial Management National University December 18‚ 2012 Freddie Mac Fraud The definition of fraud is “an intentional deception or deceit‚ perpetrated for profit or to gain some unfair or dishonest advantage” (dictionary.com). Fraud is a breach of law and can be punishable by law. Mortgage fraud is one of the financial crimes where a company materially misrepresents or omits information on its mortgage loan documentation in order to
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