How Enron Do Fraud Ken Lay (Founder and CEO)‚ Jeffrey Skilling (CEO) and Andy Fastow (CFO) found that Enron wasn’t making money so what they did is implemented along with the approval of Arthur Andersen the "future value accounting." This type of accounting was to predict the future profit that Enron was going to make and list it as part of there future profit to the shareholders. “Outside companies” This creative accounting lead to Fastow to create "outside companies" that were directly involved
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EMPLOYMENT TRENDS AND JOB SATISFACTION IN THE OIL AND GAS INDUSTRY: THE EFFECT OF CORPORATION SIZE Abstract The popular press has recently reported that the oil industry is entering an evolutionary phase withseveral potentially long-term trends beginning to emerge. The authors present a review oftheoretically relevant work relating to these trends and a study examining the expected effectsthese trends might have on the employment environment in the oil and gas industry. The study was conducted
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Forensic Accounting in Practice: Forensic Accountants: Fraud Busters A forensic accountant is part investigator‚ part auditor‚ part attorney‚ and part accountant (Levanti‚ T.). Due to the increase in high-profile cases of companies and individuals‚ forensic accounting is a growing and popular field in the business and forensic subjects. A forensic accountant is someone who is often retained to analyze‚ interpret‚ summarize‚ interviews and present complex financial and business related issues in
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important? • It was one of the first forensic cases. 2. What was Crippen accused of? Why was he accused of this crime? • Crippen was accused of killing his wife. He was accused of this crime because his wife suddenly disappeared‚ and his secretary moved in with him. 3. Why do you think people were so interested in Crippen’s case? • I think people were so interested in the Crippen case because it was one of the first forensic cases and there was a lot of doubt. The case
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1] Role and Importance of Forensic Investigator: The Duties of a forensic investigator will be different and that depends on the area where a detective work in and the types of crimes detective specifically investigate. Forensic investigator will be in charge of collecting evidence at any crime scene and perform spot experiments on certain part of evidence. The following are some of the responsibilities in which forensic investigator may come across as a forensic investigator: o Packing and labelling
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Corporate governance F. Liabilities B. Going concern concept G. Financial Accounting Information. C. Reliability (Objectivity) Principle H. Generally accepted accounting principles D. Stable-dollar assumption I. Realization principle E. Accrued basis accounting J. Matching principles ____1. Future payment the business owes to creditors. ____2. The rule that requires financial statements to reflect the assumption that the business will continue operating
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HealthSouth Fraud Investigation Table of Contents Table of Contents i Introduction and Background 1 Analysis 1 Why it occurred 2 Fraud Triangle 2 How it occurred 3 Red Flags of the Fraud 5 Why the Fraud Continued Undetected 6 The Auditors Roles and Responsibilities 7 Fate of Parties Involved 8 Effect of Fraud on HealthSouth 9 Conclusion 10 Appendix A 11 Appendix B 12 Appendix C 13 Appendix D 14 Appendix E 15 Appendix F 16 Works Cited 17 Introduction and
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|PROJECT ON | | | |BANKING FRAUDS | | | SUBMITTED BY: • PRAJAKTA JADHAV - 9
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Proactive Fraud Auditing End of Chapter 4 in Albrecht FRAUD DETECTION Recognizing the Symptoms of Fraud Identify Risk Exposures Proactively Look for Symptoms & Exposures 1 2 Actg 537 Identify Fraud Symptoms for Each Exposure 3 4 Investigate Identified Symptoms Symptoms of Fraud What are some irregularities in source documents to look for? Missing Documents Payee Names & Addresses = Employee “Stale Items” on Bank Items” Reconciliation Excessive Voids or Credits
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Digital forensics (sometimes Digital forensic science) is a branch of forensic science encompassing the recovery and investigation of material found in digital devices‚ often in relation to computer crime.[1][2] The term digital forensics was originally used as a synonym for computer forensics but has expanded to cover all devices capable of storing digital data and is now used to describe the entire field.[1] The discipline evolved in a haphazard manner during the 1990s and it was not until the
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