No. 2 May 2003 pp. 137ñ173 The Tallahassee BeanCounters: A Problem-Based Learning Case in Forensic Auditing Cindy Durtschi ABSTRACT: You are auditing the books of the Tallahassee BeanCounters (TBC)‚ a minor league baseball team in Tallahassee‚ Florida. During your audit the teamís owner‚ Franklin Kennedy‚ approaches you and offers an additional fee if you will quietly investigate the possibility of fraud within the firm. Mr. Kennedy reports that he received an anonymous tip and‚ based on that
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SHAKESPEARE IS A FRAUD January 25th 2012 Shakespeare is a Fraud One cannot write thirty-six plays‚ one hundred and fifty-four sonnets and two long narrative poems if they were ordinary. But unbelievably‚ William Shakespeare did just that from 1564 – 1616. People have questioning how Shakespeare achieved writing such great pieces of literature‚ when the behind the scenes story does not add up. There are no records to prove he wrote anything and there is proof
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inflated to meet forecasts by Wall Street analysts. (2004)‚ “Corporate scandals are now staples of front-page news as shareholders demand accountability for billions of dollars lost. Still‚ the U.S. government says the Rigases ’ case is one of the worst ever of financial fraud” (para. 3). Adelphia scandal consisted of six members‚ John Rigas‚ Timothy Rigas‚ Michae; Rigas‚ James Rigas‚ James R. Brown and Michael Mulcahey. These members of the scandal committed many crimes based on selfishness‚ greed
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Financial Guides: Should Company Refinance Commercial Mortgage? There are many legitimate reasons for refinancing a commercial mortgage‚ such as avoiding high interest rates or avoiding balloon payments. Either way‚ it is important to know the pros and cons of commercial mortgage refinancing. Commercial Mortgage Basics When lenders evaluate customers for commercial mortgages or refinancing‚ they first review the credit histories of the company and the business owner. Then‚ they carefully analyze
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Management Term Project Financial Fraud in Canada [pic] Analysis presented to Ms. Julie Slater by Anouck Cinq-Mars (9197710) Anthony Liscio (9097856) Angelo Vaccaro (9356290) Joe Vincelli (9234403) Kyle Zarmair (9055177) John Molson School of Business April 4th 2011 Table of Contents Evolution of financial fraud in Canada…………………………………………...……4 Current types of fraud Canadian financial institutions A) Internal fraud…………………………………………………………………………..5 Identity
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Case 1: Capital Mortgage Insurance Corporation Background Capital Mortgage Insurance Corporation (CMI) is a wholly owned subsidiary of Northwest Equipment Corporation (NEC). NEC expects Frank Randall‚ company president; to build CMI into a larger more diversified financial service company. To do this Randall wants to acquire Corporate Transfer Services (CTS) a small relocation services company‚ as part of a plan for diversification. Informal discussions took place with the principal stockholders
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make the cash and the tape balance‚ the best thing to do is destroy the register tape to prevent others from discovering the imbalance. Discussion 3-8 Newfund’s management and accounting controls contributed to the detection of Gurado’s fraud scheme by performing surprise audits once or twice a year. This scared Gurado and lead him to confess because he was unable to pay back
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With hundreds of daily messages produced from financial institutions and mortgage organizations‚ it is often difficult to separate it all. What is good? What messages have a hidden agenda? Much of the information made available to seniors is beneficial except when true information begins overlapping with myths. The myths will cause seniors to become very weary of reverse mortgages and often question every source from which they receive information. There are many myths floating in the air and it
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have considered a home mortgage refinance. Most of those who recently lost part of their income are facing difficulty making the monthly payment. Still others wish to sell their home but find they cannot do in the current market and may be facing foreclosure. These are the types of people President Obama is trying to help with his "Making Home Affordable" package. About the "Making Home Affordable" Package The basics of the "Making Home Affordable" plan rest on allowing mortgage lenders to loosen restrictions
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Union Bank of Colombo PLC Analysis of Operating Activities Operating activities of a company can be mainly measured by its profitability indicators. Therefore in analyzing Union Bank’s operating performances‚ we have taken few financial balances and ratios and compared their progress during last few years as follows. Gross Income Rs. Millions | 2009 | 2010 | 2011 | 2012 | Interest Income | 1855.78 | 1771.98 | 2083.74 | 3444.41 | Other Income | 192.92 | 306.14 | 447.83 | 450.83 | Gross
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