End of Project Report under the project ‘Support to Country Effort for SME Cluster Development’ of UNIDO (US/IND/01/193) during 2002-05 JEANS CLUSTER OF BELLARY By: UNIDO Cluster Development Programme November 25‚ 2005 1. Executive Summary Bellary‚ the second important garment cluster in Karnataka is known for its specialization in manufacturing jeans for men‚ although it manufactures formal wear made from cotton‚ gabardines‚ chinos‚ cavalry twill and half pants for boys. The value of the
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evaluate the events that occurred prior (causes) and subsequent (outcome) to the fraud‚ and the accounting schemes employed to get the fraud done. It presents examples of companies who have used inappropriate accounting practices. Enron‚ WorldCom‚ Tyco‚ HealthSouth and Adelphia were selected for analysis because of the availability of information regarding specific events occured before‚ during and after the fraud period as well as the ethical issues involved . There is abundant literature presented
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The Effect of Sarbanes-Oxley (SOX) and the Public Companies Accounting Oversight Board (PCAOB) on Auditing Practice In business‚ there should have various rules and regulation governing in order to avoid mismanagement and frauds associated. In the United States‚ several bodies have been put in place to oversee‚ create registration‚ reporting and‚ providing transparency. Such bodies include‚ the Sarbanes-Oxley (SOX) which eventually resulted in the creation of the Public Company Accounting Oversight
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of theft/fraud. According to last year the loss of money for businesses and financial institutions are in the billions and with consumers out of pocket expenses has been about 5 billion dollars. "Identity theft" refers to crimes in which someone wrongfully obtains and uses another person’s personal data (i.e.‚ name‚ date of birth‚ social security number‚ driver’s license number‚ and your financial identity— credit card‚ bank account and phone-card numbers) in some way that involves fraud or deception
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Check Fraud and Check Washing Week 6 Paper Park University Check Fraud and Check Washing Check fraud and check washing are both highly illegal and both are increasing at an alarming rate. Many people can be fooled in todays world with fraudulent checks and not know that anything was incorrect until receiving notice from their financial institution. Check washing is when mail snatchers will take a check from you and use chemicals to erase the things written on the check and make the check payable
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Accounting Fraud at WorldCom 1) What are the pressures that lead executives and managers to “cook the books?” After the rapid evolution of the telecommunication industry in the 1990s‚ WorldCom shifted its strategy to focus on building revenues and acquiring capacity sufficient to handle expected growth. Their biggest goal was to be the No. 1 stock on Wall Street rather than capturing the market share. As a result‚ their Expense-to-Revenue (E/R) Ratio was their measurement for their main objective
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Jean Piaget (1896-1980) Piaget was a Swiss developmental psychologist and a philosopher known for his epistemological studies with children and his theory of cognitive development. He was born on August 9‚ 1896 in Neuchâtel‚ Switzerland. He was the eldest son of Arthur Piaget who was a Swiss professor of medieval literature and Rebecca Jackson‚ an intelligent and energetic woman‚ who was French. He attended the University of Neuchâtel where he received a degree in zoology in 1918. He then studied
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and Management Sciences (JETEMS) 3(3):191-195 (ISSN:2141-7024) The New Fraud Triangle Model 1 Rasha Kassem and 2Andrew Higson 1 British University in Egypt Cairo-Suez Desert Road‚ El Sherouk City 2 School of Business and Economics‚ Loughborough University‚ Loughborough‚ LE11 3TU‚ UK Corresponding Author: Rasha Kassem ___________________________________________________________________________ Abstract Fraud in corporations is a topic that receives significant and growing attention
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Karen Roxas In Jean Anyon’s The Social Class and Hidden Curriculum of Work‚ Anyon depict that the different hidden curriculums in school education predetermine‚ for the most part‚ the social status of many of their students. The schools’ outside environment‚ economic standing‚ and student’s social background are some of the factors that predetermine the future of the students in a certain school. For example‚ working class schools‚ which are usually located in poor neighborhoods‚ are usually
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Following are some of the most extreme examples of gross misconduct regarding fraud in our history. The Waste Management Scandal in 1998. They reported 1.7 billion in fake earnings by increasing the length of depreciation time for property‚ plant and equipment on the balance Page 2 sheets. The fraud was detected when a new CEO was brought in and the new management team went through the books. Motivation seems to be that this publicly traded company needed to keep stock prices up to keep investors
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