|PROJECT ON | | | |BANKING FRAUDS | | | SUBMITTED BY: • PRAJAKTA JADHAV - 9
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The SEC has the power to license and moderate stock exchanges‚ the companies‚ which securities can be traded‚ and the dealers and brokers who do the trading. Freddie Mac There have been many famous fraud cases and Freddie Mac is an example of fraudulent practices. The Freddie Mac Company started in 1970 to expand the country’s residential mortgage markets and to create opportunities for home owners and reasonable rental housing. Freddie Mac played a key role in the US housing market. The mission
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International Journal of Contemporary Business Studies Vol: 3‚ No: 10. October‚ 2012 ISSN 2156-7506 Available online http://www.akpinsight.webs.com at Corporate Accounting Frauds: A Case Study of Satyam Computers Limited Madan Bhasin Professor in Accounting‚ Bang College of Business‚ KIMEP University‚ Almaty‚ Republic of Kazakhstan ABSTRACT Corporate entities of all sizes‚ across the globe‚ are easily susceptible to frauds at any points of time. From Enron‚ WorldCom and Satyam‚ it appears
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advantage of another. A fraud includes any act‚ omission‚ or concealment‚ involving a breach of legal or equitable duty or trust‚ which results in disadvantage or injury to another. In fact‚ in a broad strokes definition‚ fraud is a deliberate misrepresentation which causes another person to suffer damages‚ usually monetary losses. Fraud is often considered a “civil” law violation‚ as well as a “criminal” law violation. Who commits fraud and why? It is generally accepted that 20 percent of the employees
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Dan Stenson Professor Gettys Academic Writing 4/24/12 Importance of Forensic Accounting Business has been around for thousands of years with people buying‚ selling/ trading food‚ animals‚ and jewelry just to meet their own standards of living. Business fraud has been around for just as long as business has. Every person to this day and in the future was and will be looking for ways to save and earn money. The best know earliest case of fraud deals with the whites and Indians in 1626 with
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* A tort (in French‚ meaning “wrong”) is a wrong or injury to another than a breach of contract I. Introduction to Tort Law * Tort Law’s primary objective is to provide compensation for injured parties. * Secondary objective is that it discourages private retaliation by injured person’s and their friends * Third objective is that it satisfies our collective sense of right and wrong by providing that someone who creates harm should make things right by compensating those
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Scandals such as Enron‚ Tyco‚ and WorldCom shook investor confidence in financial statements and required an overhaul of regulatory standards. It was an act passed by U.S. Congress in 2002 with objective to protect investors from the possibility of fraudulent accounting activities by corporations. The Sarbanes-Oxley Act is arranged into eleven titles. As far as compliance is concerned‚ the most important sections within these are often considered to be 302‚ 401‚ 404‚ 409‚ 802 and 906. Key Provision
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Market Sharing j. Advertisements k. Trade Tariffs • LAWS TO RESTRICT UNFAIR TRADE PRACTICES • CHAPTER I .PRELIMINARY 19 Short title and commencement • CHAPTER II. PROHIBITION OF FRAUDULENT AND UNFAIR TRADE PRACTICES RELATING TO THE SECURITIES MARKET Prohibition of manipulative‚ fraudulent and unfair trade practices. • CHAPTER III . INVESTIGATION • Powers of Investigating Authority • Enforcement by the Board • Repeal and savings • Are unfair trade practices only relevant to
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LAW OF CONTRACT NOTES INTRODUCTION. A contract is an agreement between two parties which is enforceable by law.An agreement is made when a person signifies his willingness to do or to abstain from doing anything with a view of obtaining the assent of the other party. Such act or abstinence is said to make a proposal.The person making the proposal is called the offeror and the person accepting the proposal is called the offeree TYPES OF CONTRACTS: Contracts may be classified into: -Written
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In today’s fast paced world‚ patience is a virtue which is gradually becoming extinct in humans. Everyone wants their work done with a snap of their fingers‚ and this has been made possible with the advent of various smart technologies may it be phones‚ tablet computers or laptops. Cybernation of academic life is every students dream come true. What would be better than to have access to a seemingly unlimited reservoir of resources within a few clicks? It works like magic‚ where the keyboard or mouse
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