P. McMickle BSAD 319 Sunshine Fashion: Fraud‚ Theft and Misbehavior among Employees 1. What were the root causes of the staff´s misbehavior? Sunshine Fashion was a Sino-Japanese venture‚ whose operations grown very quickly‚ from 1993‚ the year of establishment until 2008‚ when the company became the industry leader in the production of cashmere sweaters‚ and a high-end fashion brand in its domestic market. However‚ in 2008‚ company had faced serious fraud and misbehavior among its employees‚ causing
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Health care fraud is a crime that has a significant effect on the private and public health care payment system. According to the Federal Bureau of Investigation‚ all health care programs are subject to fraud with Medicare and Medicaid being the most visible. It is estimated that fraudulent billings to both private and public health care programs are between 3 and 10 percent of total health care programs expenditures. The most recent Centers for Medicare and Medicaid (CMS) statistical estimates project
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Auditing failure is also a key factor contributing to the Wedtech scandal. It is presented as a result of independence of auditing reporting and confirmation.On the one hand‚ even if auditors complied with auditing process on the surface (Berg and barbanel‚ 1987)‚ they are not independent since they were bribed to forge auditing reports.In 1982‚ Wedtech employed the Main Hurdman to financially audit its financial statementswhen it went to Initial Public Offerings. One of the auditing partners‚ Richard
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Assignment: R2-1‚ R2-3‚ R2-8 Fraud Homework #1 1. R2-1 : How is “skimming” defined? - Skimming is defined by the theft of cash prior to its entry into the accounting system. 2. R2-3 : How do sales skimming schemes leave a victim organization’s books in balance‚ despite the theft of funds? - They leave a victims organization’s books in balance because neither the sales transaction nor the stolen funds are ever recorded. 3. R2-8 : What are the six principal methods used to
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Adelphia Cable Bruce Dawson Principles of Management Mgmt.230 "Adelphia is one of the nation’s leading cable companies with more than 5.3 million residential customers nationwide. In addition to cable entertainment Adelphia offers digital cable‚ high-speed internet access‚ long distance telephone service‚ and home security" (Adelphia). The leadership of this company currently consists of 18 officers. One officer for each of the five regions Adelphia covers. One officer in each of the
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becoming more common is counterfeit money scams and committing fraud towards a financial institution. One of the most recent cases of counterfeiting is the the ring of five men that circulated six million dollars worth in the money market. I come across this crime on regular basis at work. I work as a deposit loss prevention analyst at a bank here in Norman. My coworker wonder why people deposit counterfeit checks into the bank and commit fraud on our clients accounts. I say people commit this crime becuase
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Regina Betties Health Care Cost HCA 305 Instructor: Theresa Reboli 11/24/14 There is no doubt that healthcare cost are rising out of control. No one likes the increases‚ but it is far more understandable when considering all the reasons for these increases. American people look at their insurance bills‚ co-pays and drug costs‚ and can ’t understand why they continue to increase. The insured should consider all of these reasons before getting upset. In 2004‚ employee health care premiums increased
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Lisa D. Green Ms. Fahle English 112 15 Jul 2013 When Help Turns to Abuse I can remember the conversation as if it was yesterday. While in a grocery store walking in the grocery aisle‚ I overheard a woman talking to another woman and her husband. The part that caught my attention was the young lady saying‚ “I can get you the cheese‚ milk‚ and eggs with my WIC‚ and all you have to do is give me the money when we leave the store.” I knew this wasn’t right‚ so I made sure I was at
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types of fraud have occurred since the 1800s. As the economy fluctuates‚ many people and organizations believe they must commit fraud in order to have financial gain. Organizations and individuals must understand fraud and the types of fraud‚ in order to protect themselves. There are professionals trained that have received anti-fraud certification in order to fight against fraud. The anti-fraud professional assist companies and individuals in order to detect fraud. Theses anti-fraud specialists
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trading of energy related financial products such as derivatives. Enron looked like a great company that makes a lot of profit however‚ in 2001‚ after the firm’s accounting fraud went public‚ the company filed for bankruptcy. After Enron Scandal‚ in 2002‚ the Sarbanes-Oxley Act was passed to prevent potential financial fraud. This act regulate the accounting standard and especially its transparency‚ as follows. • All companies must have a majority of independent directors. • Independent directors
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