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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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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The Ontario Lottery and Gaming Corporation is responsible for a substantial amount of the government`s revenue in the province of Ontario. The OLG‚ characterized by its core values‚ integrity‚ respect as well as accountability‚ is always expected to perform the duty of care to its clients. However‚ the organization was hit by a scandal which exposed fraudulent behavior within its operations. The scandal was revealed by CBC`s documentary The Fifth Estate‚ in an episode titled `Luck of the Draw` which
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What is the result‚ after a reporter commits frequent acts of journalistic fraud while covering significant news event? The trend continues when there are not things or people in place to rectify it. When obvious warning signs are ignored‚ such as Jayson Blair’s mistakes it only weakens the credibility of the newspaper. Blair was caught in a plagiarism scandal that harmed the New York Times reputation; though he set the stage for more incidents like that to happen and history repeat itself. The fact
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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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the pressure‚ the opportunity and the rationalization. However‚ I agree with Lourdes Lora about Mitch demonstrating the greatest opportunity to commit fraud. Nowadays‚ divorces can be extremely stressful and costly. Mitch is an individual who already has his wages garnished by a court order. Why? We are missing substantial facts. Therefore‚ as a Fraud Examiner I would suggest to: 1) Interview Mitch‚ Crystal and John and gather additional facts. 2) In Mitch’s case. a) Request for court records. Review
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Corporate crimes happen when the business enterprise use legitimate and illegitimate business practices. Crimes committed by the corporate enterprises vary and includes fraud‚ conspiracy‚ racketeering‚ environmental damage‚ or even homicide when agents of the company commit criminal acts to benefit the company or its shareholders. However‚ according to Alder et al. (2013)‚ multinational corporate crimes are a widespread and daily problem‚ so politicians have taken the opportunity to implement tougher
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respective corporations‚ most of which involve internal fraud. Internal fraud has two main aspects‚ misappropriation of assets and fraudulent financial reporting‚ with the focus of this discussion lying within the former. Misappropriation of assets is defined as fraud for personal gain. It is the most common type of fraud found among employees and frequently includes theft of cash and inventory. Misappropriation of asserts‚ better yet‚ fraud in general‚ is relevant to and pivotal for accountants
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unfortunately a reality and financial management is not an exception. Unfortunately there are people out there that do not adhere to the general accepted accounting principles or ethical standards. When not following the standards theft‚ embezzlement‚ and fraud occur. Financial managers of an organization need to follow the four basic elements of financial management in order to prevent unethical behavior from occurring as well as making sure the organization reaches maximum financial success. Depending
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this project‚ you will be expected to apply what you have learned in this course and should include several of the following course objectives: 1. Review‚ detect‚ and investigate possible financial statement fraud 2. Use various techniques to identify financial statement fraud 3. Explore substantive analytical procedures Main Elements Background: 1. When did the SEC file charges against some senior executives of Waste Management? 2. Who was charged relevant to the above
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