question. An increased public interest in forensic accounting particularly in fraud investigation has encouraged the accounting profession to consider issuing new standards on fraud detection. This study aims to examine the current coverage of forensic accounting‚ its role of forensic accounting education and the future direction of forensic accounting. To carry out this research study a survey of the academicians and certified fraud examiners more popularly known as (CFE)s was made. The results of the survey
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Dr. Nassar‚ In the case of Bernard Madoff the fraud of the century‚ did he have help in creating and sustaining the Ponzi scheme? I believe that the prolonged nature of the scheme required assistance from other parties. First‚ the stock trading company that was heavily involved in until the arrival of his brother Peter Madoff has been cleared of wrongdoings. Family members were employed at this company. However‚ the investment company where the fraud occurred did not employ family members. Bernard
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There has been a corresponding increase in illegal financial activity according to separate surveys by the U. S. Department of Justice‚ Pricewaterhouse-Coopers‚ and the Association of Certified Fraud Examiners (ACFE) (Houck‚ Kranacher‚ Morris‚ Riley‚ Robertson‚ & Wells‚ 2006). An understanding of effective fraud and forensic accounting techniques can assist forensic accountants in identifying illegal activity and discovering and preserving evidence. Forensic accounting is a science that deals with
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Check Your Understanding 1. Fill in IEEE 802.11 B‚ 802.11 G‚ 802.11 A‚ or 802.11 and in the blank to match the description. 802.11b Specifies data rates of 1‚ 2‚ 5.5‚ in 11 Mbps do two different sized spreading sequences specified in the DSSS modulation technique. 802.11g Uses the 802.11 MAC‚ but with higher data rates in the 2.4 GHz ISN band by using the OFDM modulation technique. 802.11a Uses the 5.7 GHz band with less interference‚ but obstructions can affect performance and limit range
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Open Journal of Accounting‚ 2013‚ 2‚ 26-38 http://dx.doi.org/10.4236/ojacct.2013.22006 Published Online April 2013 (http://www.scirp.org/journal/ojacct) Corporate Accounting Fraud: A Case Study of Satyam Computers Limited Madan Lal Bhasin Bang College of Business‚ KIMEP University‚ Almaty‚ Republic of Kazakhstan Email: madan.bhasin@rediffmail.com Received January 15‚ 2013; revised March 12‚ 2013; accepted March 28‚ 2013 Copyright © 2013 Madan Lal Bhasin. This is an open access article distributed
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presentation of this report. My study cannot be finished without your supports. THANKS FOR EVERYONE ii FRAUD AND RESPONSIBILITIES OF AUDITOR IN DETECTING AND PREVENTING OF FRAUD BY NGUYEN THI HIEN OCTOBER 2011 Supervisor: NGUYEN HONG QUAN ABSTRACT The purpose of this paper is to discuss about the fraud and the responsibilities of auditor in detecting and preventing of fraud. Fraud can be considered as most concerning problem of the business. Because of this have more effect to all
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CASE 4: ACCOUNTING FRAUD AT WORLDCOM Betty Vinson: victim or villain? Should criminal fraud charges have been brought to her? How should employees react when ordered by their employer to do something they do not believe in or feel uncomfortable doing? In discussing whether Vinson should been charged with criminal fraud‚ it can be analyzed from ethical perspective which can truly judge whether she was morally responsible for the wrong or not. In order to determine whether Vinson was morally responsible
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investors are wowed with the promise of hefty returns‚ by the fraudster savvy‚ skill or other secrets (Times… 2010). The returns are repaid‚ for awhile‚ out of newly investors’ principals and not with profits. Pyramid and ponzi schemes are forms of fraud. Both of these investments can be detrimental in losing your life savings (U.S. Securities and Exchange Commission‚ n.d.). I. Thesis statement: Our mishandled economy in the world today has characteristics of Ponzi scheme(s). Ponzi schemes take
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Accounting Conservatism in Fraud Firms: An Empirical Investigation* Keith Jones Assistant Professor George Mason University kjonesm@gmu.edu Gopal Krishnan Professor Lehigh University gkrishn1@gmu.edu Mikhail Pevzner** Assistant Professor George Mason University mpevzner@gmu.edu Partha Sengupta Associate Professor George Mason University psengupt@gmu.edu We examine whether Ball and Shivakumar (2006) and Basu (1997) models of conservatism identify fraud firms as anti-conservative. We
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Corporate Fraud Falsification of financial information of public and private corporations‚ including: False accounting entries and/or misrepresentations of financial condition; Fraudulent trades designed to inflate profit or hide losses; and Illicit transactions designed to evade regulatory oversight. Self-dealing by corporate insiders‚ including: Insider trading—trading based on material‚ non-public information—including‚ but not limited to: Corporate insiders leaking proprietary information;
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