May 2011 pp. 19–50 American Accounting Association DOI: 10.2308/ajpt-50009 Financial Statement Fraud Detection: An Analysis of Statistical and Machine Learning Algorithms Johan Perols SUMMARY: This study compares the performance of six popular statistical and machine learning models in detecting financial statement fraud under different assumptions of misclassification costs and ratios of fraud firms to nonfraud firms. The results show‚ somewhat surprisingly‚ that logistic regression and support
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Railroad was authorized to construct a transcontinental railroad with substantial financial support from the federal government‚ officers and directors of the company devised a plan to make an immediate profit from its construction by fraud. The vehicle for this fraud was a company called Credit Mobilier of America. The method was to have Credit Mobilier‚ which was entirely controlled by the same people‚ bill the Union Pacific for the costs of constructing the railroad. There was no "market value"
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Jersey Or Criminal of Fraud The TV series “Real Housewives of New Jersey” super star Teresa Giudice and husband Joe have been accused of more than 39 counts of Fraud. The Fraud accounts range from mail and wire fraud‚ bank fraud‚ making false statements on loan applications and bankruptcy fraud. Teresa is obviously a woman that has money and has fame and an image attached with her name. The question is why would she commit fraud with so much going for her? The Fraud Triangle has three different
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and he replied that he did not at the time‚ but called 911 later and spoke to Auburn Police department regarding the incident. Using a local database I located a verbal domestic between Miller and Bibbs‚ which occurred on 11/07/16. Reference Auburn case number #16-13884. Miller went on to say tonight while he and Bibbs he asked her to leave his apartment. Miller said Bibbs told him she would leave the next day‚ but Miller continued to tell her to leave. Miller stated Bibbs became very angry and
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While you read the case this week‚ also brainstorm about our alternatives even if it isn’t your part. Write your notes in that teammate’s section so we can discuss it next Monday. Deadline: Individual parts (edited and handin ready) due in googledocs on Sunday‚ October 13 at 12am. Thank you! Editing‚ formatting‚ putting together and handing in: Jo TEAM this is from the course outline: **** The cases should run about 8 typed‚ double spaced pages (plus exhibits). In NO cases shall it exceed 10 pages
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It was because of money they racked up while kids played their video games‚ but parents had no idea until they got their bills. The FTC regulators called that practice illegal. Parents complained and Amazon claimed they had refunded some of the charges‚ but the government decided it wasn’t enough and that Amazon violated the FTC Act because they caused substantial financial loss to consumers with something they couldn’t reasonably avoid (ftc.gov‚ Item 32‚ p. 10 (n.d.). Amazon sold these items without
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They are created by many instructors of the course‚ including (but not limited to) Utpal Bhattacharya‚ Leonid Kogan‚ Gustavo Manso‚ Stew Myers‚ Anna Pavlova‚ Dimitri Vayanos and Jiang Wang. Contents 1 Present Value 1 2 Fixed Income Securities 9 3 Common Stock 28 1 Present Value Solutions 36 2 Fixed Income Securities Solutions 43 3 Common Stock Solutions 58 1 Present Value 1. You can invest $10‚000 in a certificate of deposit (CD) offered by your bank. The CD is for 5 years and the
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Illegal Immigration Cory A. Dick SUNY Brockport Department of Social Work SWO- 311 Professor M. Saunders May 8‚ 2012 Description of Social Problem/Human Need The social problem and/or need that I am going to discuss is illegal immigration. However‚ before I can begin‚ I need to define terms that will be used in this paper. First is the work alien. Alien refers to any individual who is not a citizen of the United States (Congress of the United States Congressional Budget Office
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other generation groups on values‚ communication styles‚ and life experiences. Currently‚ in fact‚ Generation X is leading the other generations‚ so adapting to the needs of training Generation Xers is also gearing to the other age groups. Paragraph 9 to 19 (Who Are These People Anyway?): Generation Xers are independent and techno literate. They expect immediate satisfaction. They distrust companies‚ so they work at companies just in order to gain experience. They spend time learning something
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popular acts like Ragtime‚ Showboat‚ and Phantom of the Opera. Livent‚ Inc. (Livent) founders‚ Garth Drabinsky and Myron Gottelieb‚ watched their small theater company grow from a partnership and become publicly traded on the NASDAQ a few years later. Eventually the duo sold off the “successful” theater company to Michael Ovitz‚ the head of Lynx Ventures‚ L.P. in 1998. The new owners came to discover that there was more drama happening offstage than onstage! (Jackson 2015). As the “fraud architects
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