School 6-1-2008 Detecting financial statement fraud: Three essays on fraud predictors‚ multi-classifier combination and fraud detection using data mining Johan L. Perols University of South Florida Follow this and additional works at: http://scholarcommons.usf.edu/etd Part of the American Studies Commons Scholar Commons Citation Perols‚ Johan L.‚ "Detecting financial statement fraud: Three essays on fraud predictors‚ multi-classifier combination and fraud detection using data mining" (2008). Graduate
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must remain ethically cautious to circumvent falling into such a trap. Accountants need to be educated on what forms of financial statements frauds can be committed and ways to prevent financial statement fraud. A strong system of internal controls helps companies deter employees from committing fraud. Financial Statement Fraud Categories Financial statement fraud is deliberate misrepresentation‚ misstatement or omission of financial statement data for the purpose of misleading the reader and creating
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firebomb” (119). With the insufficient rules‚ meant to keep the flammable scraps from fire‚ largely unenforced‚ catastrophic events were sure to follow. Von Drehle addresses the issue that “the Triangle Waist Company had a no-smoking policy…but the cutters behaved
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Sub governments‚ or what is also often referred to as “iron triangles” are a triad of sectors that includes bureaucratic agencies‚ congressional committees‚ and public interest groups that form together to expand a public policy in a specific area. Their main purpose is to establish and protect their self-interest in specific areas of policy making. Each of these sectors holds relevance in interest of the policy at large. The relationship between these three sectors creates a network of institutions
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Fraud in the Business World Sean P. Dixon Business 670: Legal Environment Instructor: Jennifer Stephens April 4‚ 2011 Abstract Americans lose hundreds of millions of dollars each year to fraud. Billions more are lost world-wide to con artists touting the next great investment idea‚ guaranteed loans and diets that can ’t fail. These con artists do not discriminate between the rich and poor‚ the young and old‚ nationality or race. They target the well-educated‚ so-called smart individuals
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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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Sallie Mae Fisher is a recently widowed‚ depressed‚ 82-year-old-female with congestive heart failure (CHF)‚ atrial fibrillation‚ and hypertension. She has been hospitalized four times for CHF exacerbation. With limited family support‚ and a long list of medications‚ she is having difficulty managing her CHF. During a home health visit‚ the nurse and nursing student assess Sallie Mae and identify several concerns. Subjective Information Subjectively‚ Sallie states‚ “My mind just feels so cloudy”
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The Circle influenced Mae to becoming transparent; manipulating her into thinking it would make her a better person. “…They saw her as a role model and inspiration. And this felt good. This felt truly valuable to Mae” (Eggers 330). Mae began to base her value on the fact that she was being watched and what others saw and knew of her actions mattered to her‚ giving her the mindset that because she is under constant surveillance she is becoming a better person (Eggers330). Knowing that she is constantly
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newspapers are filled with stories of fraud and financial shenanigans. It has become daily occurrence that frauds of high profile cases break out and become headlines. Case after case has become routine. The shocking publicized financial scandals have shaken the underpinnings of our economic system. In the recent years there is enormous increase in occupational fraud. We have witnessed that our national enterprises have disclosed millions of rupees in financial fraud. Millions of rupees of public money
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Fire triangle‚ also called as combustion triangle‚ illustrates the three components a fire needs to ignite: a heat source‚ fuel‚ and oxidizing agent. A fire can be prevented or extinguished by removing any one of the elements in the fire triangle‚ which is the essential method for firefighters to suppress the flames. Fires are often caused by natural means (such as lightning)‚ static electricity or energy sources‚ but most fires in buildings are caused by human error. The American Red Cross says
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