topic of tax fraud. We will begin by introducing the basic concepts of tax fraud. Secondly‚ this paper will also delve into some of the laws that have been passed as punishment for those parties that decide to commit tax fraud. We will also highlight some of the more current examples of tax fraud that have been committed and the details that lead to the perpetrators being caught. Lastly we will discuss the role that criminal investigators have in the realm of tax fraud. Tax fraud can be stated
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and change different objectives and goals. By practicing internal control structures‚ we can detect and prevent any future frauds by protecting LJB’s resources. Currently‚ LJB Company has one accountant serving as both Treasurer and Controller. With this dual role of the accountant‚ he is purchasing all the supplies and also pays for the supplies. He is also receiving the checks and completes the monthly back reconciliation. Because of his dual roles in the company‚ petty cash is accessible to any
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Case 1.3 Jamaica Water Properties Prepared by Alex Gonzalez for Professor C.E. Reese in partial fulfillment of the requirements for ACC 540 – Fraud Examination School of Business / Graduate Studies St. Thomas University Miami Gardens‚ Fla. Term A7 / Fall‚ 2014 October 24th‚ 2014 Table of Contents Issues 1 Facts 1 Analysis 7 Conclusions/Recommendation 7 References/Bibliography 7 Issues 1. In David Sokol’s position‚ after discovering the suspicious items in JWP’s
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example when vandals attack the computer itself‚ or when a "computer virus" (a program capable of altering or erasing computer memory) is introduced into a computer system. As subjects of crime‚ computers represent the electronic environment in which frauds are programmed and executed; an example is the transfer of money balances in accounts to perpetrators ’ accounts for withdrawal. Computers are instruments of crime when they are used to plan or control such criminal acts. Examples of these types
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References: Figure 1. Dorminey‚ J.‚ Fleming‚ A.‚ Kranacher‚ M.‚ & Riley Jr.‚ R. A. (2012). Diagram. The Evolution of Fraud Theory. Issues in Accounting Education‚ May2012‚ Vol. 27 Issue 2‚ p555-579‚ 25p‚ found on p561 Figure 2 Enofe‚ A. (2010). Reaping the fruits of evil: how scandals help reshape the accounting profession. International Journal Of Business‚ Accounting
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scholarship will motivate me‚ it will help me work hard in order to deserve it. a. Fraud is an intentional misrepresentation of facts‚ like Misappropriation of assets. In order to commit fraud a person has to have motivation‚ opportunity‚ and rationalization for committing the fraud. PCAOB AU 316 describes fraud as follows‚ “Fraud is a broad legal concept and auditors do not make legal determinations of whether fraud has occurred. Rather‚ the auditor’s interest specifically relates to acts that result
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earnings expectations. This memorandum will describe who was involved‚ how the operation was carried out‚ as well as a timeline documenting the resulting damages of the scandal. On March 19th 2003‚ the Securities and Exchange Commission filed civil fraud charges against HealthSouth and CEO and Chairman Richard Scrushy of “allegedly duping investors into believing the company had met earnings targets” (washintonpost.com staff‚ 2004). The SEC’s complaint “alleges that since 1999‚ at the insistence of
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Memorandum to the File Date: From: Re: The Scott Rothstein Ponzi Scheme Introduction Scott Rothstein was a prominent Fort Lauderdale attorney. From 2004 until 2009 Rothstein ran South Florida’s largest Ponzi scheme (Franceschina‚ 2010). His Ponzi scheme collected 1.2 billion dollars during the time it was in operation‚ and like all Ponzi schemes he relied on payments by new investors to pay the previous investors. When his scheme began to fall apart‚ Rothstein fled to Morocco. He
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INFORMATION TECHNOLOGY ACT‚ 2000 The Act rather than giving information and technology gives rise to cyber crime. 2011 11/14/2011 INFORMATION TECHNOLOGY ACT‚ 2000 The Act rather than giving information and technology gives rise to cyber crime. 2011 11/14/2011 Table of Contents Introduction 3 The Information Technology Act‚ 2000 5 Positive Aspects of Information Technology Act: 9 Rise of Cyber Crime 11 Caselet 14 Statistics and Facts 18 Case Study 28 Case Study 1
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Conflict in Ethical Decision Making at WorldCom Kerry Seeley Business Ethics MT4200 National American University September 25‚ 2007 Craig Chaplin Abstract This paper explains how WorldCom began and where it’s at now. It didn’t take long for WorldCom to become the second largest long distance phone company. WorldCom provided a legal framework for people working in communication projects on an individual basis‚ mainly in Central America‚ but they also developed projects together with partners
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