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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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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LONG TERM EFFECTS OF EXAMINATION MALPRACTICES ON THE EDUCATION SYSTEM AND THE ECONOMY The calamity of examination malpractice is not just the havoc it wrecks in our educational system but the gradual introduction of youths into the practice of fraud. Now so rampant‚ it has become a normal practical way of passing an examination; in simple terms these practices include linking of examination questions prior to writing‚ bribing of invigilating staff‚ possession of cheating material‚ impersonation
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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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executive officers towards a central objective. As the CEO‚ he had high interaction with F&C`s independent auditors. Fries misguided them by creating false documents‚ mislabeling inventory‚ and undercutting the subordinates` attempts to expose the fraud. Fletcher Anderson was the Chief Operating Officer and member of company ’s board of directors. As the COO of the company‚ Anderson’s responsibilities included ensuring that the business operations were efficient and effective and that the proper
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From primary school to university‚ examination and grade plays a significant role to every student. Specially‚ good grade has become the primary key to some big companies’ door in job market and colleges seem GPA as an essential factor for entrance. Although examinations and their scores are widely accepted by public‚ we still need to consider them from both advantages and disadvantages. (62) On the one hand‚ examination has its unique qualities which could be hardly replaced by other ways. Most
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white collar crime. II. The cause of white collar crime is opportunities to commit crime. A. The loophole of the law and security B. An individual well known the operation of a company‚ the chances to commit fraud is higher. III. Second causes of white collar crime are workers situational personal pressures. A. Direct pressures surrounded by their environment. B. Leader gives a command to achieve impractical performance objectives at any cost
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Fraud and Forensic Accounting In a Digital Environment White Paper for The Institute for Fraud Prevention Conan C. Albrecht Marriott School of Management Brigham Young University conan@warp.byu.edu Fraud and Forensic Accounting In a Digital Environment ABSTRACT This paper discusses four aspects of computeraided fraud detection that are of primary interest to fraud investigators and forensic accountants: data mining techniques for the detection of internal fraud‚ ratio analysis for
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include the impact of occupational fraud and abuse on the company and how the governmental oversight of accounting and fraud affects the company. The report will also provide potential corruption schemes to be aware of in the company and a recommendation of types accounting evidence and methods of gathering such evidence to support the financial status review. The Impact of Occupational Fraud and Abuse on the Company According to Wells (2011)‚ Occupational fraud and abuse is defined as the use of
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Retrieved September 25‚ 2013‚ from Securities and Exchange Commission Web site: http://www.sec.gov/litigation/litreleases/lr17627.htm The Adelphia Story Van Peursem‚ K.‚ Zhou‚ M.‚ Flood‚ T.‚ & Buttimore‚ J. (2007‚ June). Three cases of corporate fraud: An audit perspective. Working Paper Series(94)‚ 6-7. Retrieved from http://researchcommons.waikato.ac.nz/bitstream/handle/10289/1671/?sequence=1
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