EST1 - 310.2.3-08 Creating an Ethics Program for Specialty Sports‚ Inc. Thank you for joining Specialty Sports‚ Inc. (the Company). We believe that you have a special contribution to make to our organization‚ and that you will find your employment with us a rewarding learning experience. We believe that you will feel that your employment with us will be one that is mutually gratifying and beneficial. We think you will find your future at the Company to be full of new opportunities‚ challenges
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Motives for the cheats The motives for fraud are clear‚ it’s a financial crime. People can not pay the bills. They figure stealing from an insurance company which is big and greedy is no great moral wrong and no one will miss the money. However‚ even if the company is big and greedy it is still wrong. How people get caught by an insurance company Fraud units at insurance companies are experts. But the reason people get caught are for obvious reason. People make stupid mistakes. However‚ as a word
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make his major customer happy Pomerantz had to approve significant markdowns in Leslie Fay’s wholesale prices and grant those customers large rebate. In 1993‚ Donald Kenia‚ the company’s controller‚ took full responsibility for a large accounting fraud revealed to the press by John Pomerantz. Leslie Fay’s earnings had been overstated by approximately $80 million from 1990-1992 and about $130 million entries were fake. Upon the investigation of the Audit committee it was found out some audit tricks
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COVER STORY: INTERNAL FRAUD CASE STUDY Prepare a two-to-three page case study report on the following case: COVER STORY: INTERNAL FRAUD on pages 104-106 in Chapter 4: Billing Schemes of the Fraud Examination text by Wells. Discuss the coincidences involved in this case study. Use the 2009 Global Fraud Survey (also located in Doc Sharing) for references concerning perpetrator‚ size of fraud‚ detection‚ and controls. This case is about the $4 million embezzlement fraud by an employee of a magazine
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The main suspects at this time are Ben Hill‚ Michelle Shelton‚ Candie Harris‚ Sam MacCarty‚ and Phil Ackers. The red flags in this case deal primarily with a lack in segregation of duties. These suspects all juggle multiple roles‚ some of which are not listed in their job description. Some of these suspects actively seek out additional responsibilities and place themselves in roles where they probably do not belong. Further rationalization for choosing these suspects is outlined below. BEN HILL
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1.How does the citizenship status of the criminal in the case impact the ability to adhere to procedural due process? Be sure to include whether the criminal has dual citizenship. How does this affect the ability to apprehend and charge the criminal? 2.Where did the criminal reside at the time that the crime was committed? Does this information interfere with the investigation and apprehension of the criminal? Explain. In the case of the hackers being indicted‚ three of the men were United States
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WALL STREET/NYSE – FRAUD – REGULATORY ACTS PAST AND PRESENT RESEARCH PAPER AUDITING BUS 469 November 22‚ 2006 [pic] WALL STREET/NYSE – FRAUD – REGULATORY ACTS PAST AND PRESENT I am starting this paper with a short history of The Stock Exchange in America‚ Wall Street‚ and the New York Stock Exchange. This will lead into the corruption that occurred before the 1929 stock market crash and the depression. I will then touch on the result of that corruption
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1. Identify the fraud risk factors at Peregrine‚ especially control environment factors and the tone at the top‚ using the fraud triangle. The fraud risk factors could be identified as incentives/pressures‚ opportunities‚ and attitudes/rationalization in fraud triangle. According to the case‚ Peregrine’ control environment had an essential issue on separation of duties. In PFG‚ only Russell Wasendorf could open the real bank balance‚ which gave the opportunity to Wasendorf. Peregrine was suffer from
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Question 1: Name two cases in which companies have committed frauds by misstating inventory. Crazy Eddie and Goodner Brothers case are the good example for the inventory fraud cases. Question 2: What makes the intentional misstatement of inventory difficult to detect? When you have the most senior management of the company‚ particularly its financial management‚ consciously setting out to fool the auditors‚ to hide information from them‚ as they testified in the Monus trial‚ it’s very hard to
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And the Fraud Continues Tiketa Heard Strayer University Forensic Accounting & Fraud Examination ACC571 Professor Timothy Brown [pic] 1.) Discuss the Internal control weaknesses that existed at MCI that contributed to the commission of this fraud: MCI biggest internal control weaknesses at was Pavlo. Pavlo was able to manipulate MCI account receivable system which he helped to create and develop. When the same employee is able to receive and update payments
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