CREDIT CARD FRAUD AND THE LAW By A.L.R. JOSEPH SUBJECT: Banking‚ Criminal Law Malaysia [1993] 2 CLJ xii (Apr) Introduction To most consumers‚ credit cards are pieces of plastic - issued to them by their bank or retail shop which allow payment for goods or services - which give them prestige and flexibility. Further‚ they also provide a convenient avenue of obtaining on-the-spot cash. The credit card is a phenomenally successful development of modern banking and retailing based on technological
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Chapter 1 | | Association of Certified Fraud Examiners (ACFE) | An international organization of approximately 50‚000 members based in Austin‚ Texas‚ dedicated to fighting fraud and white-collar crime. | Civil law | The body of law that provides remedies for violation of private rights—deals with rights and duties between individuals. | Criminal law | The branch of law that deals with offenses of a public nature or against society. | Customer fraud | Customers not paying for goods purchased
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CHAPTER 1 FINANCIAL ACCOUNTING AND ACCOUNTING STANDARDS Multiple Choice—Conceptual Answer No. Description d 1. Users of financial reports. d 2. Identify the major financial statements. a 3. Financial reporting entity. d 4. Efficient use of resources. d 5. Capital allocation process. c 6. Financial statement information. c 7. Objectives of financial reporting. b 8. Common set of standards and procedures. c 9. Role of SEC. c 10. Powers of the SEC. d 11. SEC enforcement
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$500‚000 and is known by both Brickhouse and Boudreau to be a fairly "soft" amount. Identify possible causes of action. -Brickhouse is acting unethically. His action serves only his self-interest‚ self review and has no clear basis in proper accounting procedures‚ so ignoring the familiarity with brickhouse ‚the controller‚ Louise Boudreau‚ should not manipulate net income in view of any compensation plan the company may have.He must comply with relevant laws and regulations and not assist others
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agencies from fraud or any type of manipulation. Unethical activities are not in the interest of anyone because sooner or later they will be detected and harm lot of peoples. The AICPA code of professional conduct provides the guidelines to adopt healthy practices rather than unethical activities. The principles given by AICPA are responsibilities‚ public interest‚ integrity‚ objectivity and independence‚ and due care. These six principles are the assurance to protect the public from fraud. The purpose
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Credit Cards Fraud Nowadays‚ computer technology is growing bigger and bigger. This tremendous and powerful improvement has its good and bad connotations. Credit cards are one popular invention of the computer era. According to www.1stamericancardservice.com‚ a credit card is a plastic card bearing an account number assigned to a cardholder with a credit limit that can be used to purchase goods and services and to obtain cash disbursements on credit‚ for
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Question 1 The ethical guidelines which accountants are obliged to follow in the conduct of their work are made to combat criticism and gain credibility by preventing fraudulent accounting. Accountants ought to be able to maintain impartiality and independence to create a clear‚ credible and unbiased audit. Hence‚ the ethical principles are considered important. This is because the work of accountants requires a high level of ethics since the financial statements prepared and verified by auditors
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Organizational Responsibility and Current Health Care Issues Paper - Health Care Fraud Roberta Roelofs HCS / 545 November 17‚ 2014 Michael Grossman Health care fraud is a current health care issue throughout the health care industry from hospitals to home care services. “The National Health Care Anti-Fraud Association (NHCAA) estimates that health care fraud accounts for at least three‚ but as much as ten percent of total health care expenditures”(Hubbell‚ 2006). Health care organizations
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the prevention and detection of fraud rests with both those charged with governance of the entity and with management. ISA/HKSA 240 (Clarified) also provides expanded operational guidance for auditors to consider the existence of material misstatement due to fraud in a financial statement audit. It emphasizes the auditor’s increased responsibility for detecting fraud‚ and the auditor is now required to be more proactive in searching for fraud during the whole audit process
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There are many different ways to accomplish this illegal activity‚ such as ballot stuffing‚ registration fraud‚ and voter impersonation. Obviously‚ submitting more than one ballot in the slot at a time‚ or ballot stuffing is the simplest and the easiest of the three. Even though registration fraud‚ or creating a fictional person and registering with the phony identity or without permission the identity of a real person is most commonly used. Without
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