1. Consider how a hacker might trick people into giving him or her user IDs and passwords to their Amazon.com accounts. What are some of the ways that a hacker might accomplish this? What crimes can be performed with such information? How? * Social engineering (For example‚ instead of trying to find a software vulnerability‚ a social engineer might call an employee and pose as an IT support person‚ trying to trick the employee into divulging his password. The goal is always to gain the trust
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The development of fraud examiner/forensic accounting profession since the 2001 Enron Fraud After the Enron and WorldCom business climate‚ there came a new US federal law called Sarbanes – Oxley Act. The SOX contains 11 titles that describe specific mandates and requirements for financial reporting. It makes corporate executives more accountable for their actions. Companies invested a tremendous amount of resources‚ time‚ and effort in order to comply with the requirements. It clearly improved the
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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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Sales at Miniscribe Corp. grew from just over $5 million in 1982 to approximately $114 million in its fiscal year ended in 1985. The 1986 and 1987 annual reports talked enthusiastically about new manufacturing initiatives. MiniScribe’s success continued well into the first half of 1988‚ when the company seemed to be the only disk drive manufacturer in the industry to buck another slump. The improved financial results of the company were mostly fabricated‚ including fictitious shipments to boost
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highest payoff”. An ethical egoist is only concerned with their own self-interest and will only help others to receive something in return. In Jean Reynolds case‚ an ethical egoist would not benefit from helping her or her family out‚ in which case he/she would fall under option C. Option C‚ consists of Jean receiving no government funds or help and the idea that Jean should solve her problems on her own. An ethical egoist would not benefit from helping out someone else‚ when they receive nothing in return
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Bank Official Arrested for Fraud Continuously new scandals with big businesses continue to arise in the news. A recent article published online details charges that are brought against the former president of a bank in New York. It is as though professionals do not understand that ethics are a key part of business practices and will lead to having a successful business. How one should and does act in business situations is as important as the legal aspects of business. The Park Avenue Bank
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Jinnikins Jeans Formative Assignment The Assignment will be arranged in a business report format in regards to the evaluation of provided voice level for the staff at Jinnikins Jeans. This report will be in a very brief and efficient frame. The Jinnikins Jeans evaluation will take place by using relevant theories and models that is being covered in the lectures as well as some independent research. This will be in the form of books‚ journals‚ and some online sources in order to support the theories
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By focusing on the relationship involving Norma Jean and Leroy‚ Mason is able to expose the reader to the rise of feminism and support for women’s labor unions that defined the lives of most women in southern society during the twentieth century. Mason echoes this movement when Leroy asks “Is this one of those women’s lib things?” (714). When Leroy refers to ‘lib‚’ he is referring to the freedom from limits or thoughts on behavior that served as the centerpiece for the growing political movements
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research the following case: Robert Ray Courtney‚ a former pharmacist‚ who owned and operated the Research Medical Tower Pharmacy in Kansas City‚ Missouri. 2. Provide a detailed account of the key facts surrounding the case. Make sure to include the following: a. Case background b. Biographical description of the defendant and his company 3. Using information from the Internet and other credible sources identify and discuss the criminal and contractual aspects of the case. He was once a
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Financial Statement Fraud Schemes While evaluating Apollo Shoes‚ there are some areas of concern that are potential fraud schemes. Fraud can lead to the entire collapse of a company if not corrected‚ and will also affect share value and investor confidence. This paper provides an overview of the process of investigation along with recommendations for the company. As with any company‚ revenue recognition is an important part of operations for Apollo Shoes. Generally accepted accounting principles
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