psychology research who published many psychology papers widely in leading professional journals in including science‚ committed academic fraud in “several dozen” published papers after being found by an investigating committee. Obviously‚ Stapel’s fraudulent‚ shows deep flaws in psychology science research‚ not only ruined his own career‚ but also cause a long-term harm to the entire psychology science field which recently just earned a fragile respectability. However‚ as a qualified expert dedicated
Premium Psychology
fraud risk model 1. Understand the nature of fraud by identifying the factors associated with fraud that are outlined in the fraud triangle. The factors include rationalization‚ opportunity‚ and incentive (ROI). Incentive/pressure to commit fraud Fraudulent financial reporting Management compensation schemes Financial pressures to improve company’s earnings and balance sheet Personal wealth tied to either financial results or survival of company Defalcation (misappropriation of asset) Personal
Premium Auditing Financial audit Internal control
Public companies feel pressure to report quarterly earnings that meet or exceed analysts ’ expectations-after all‚ failure to meet those expectations can hurt companies ’ stock prices. This pressure can lead to practices that sometimes include fraudulent overstatement of quarterly revenue. Any of the improper and unusual revenue-transaction methods used to misstate quarterly revenue also can be used to change annual results. Auditors need to be alert to the whole gamut of warning signs that revenue-recognition
Premium Audit Generally Accepted Accounting Principles Financial statements
Case 5.6 4.) Per Section 302(a)(5)(B) and 302(a)(6) of SARBOX‚ “ the signing officers have disclosed to the issuer’s auditors and the audit committee of the board of directors (or persons fulfilling the equivalent function) -----any fraud‚ whether or not material‚ that involves management or other employees who have a significant role in the issuer’s internal controls; and the signing officers have indicated in the report whether or not there were significant changes in internal controls or other
Premium Corporate governance Internal control Enron
their inventory. Goodner Brother’s should have had more employees to have an appropriate check and balances strategy. The bookkeeper should have been the one entering invoices into the computer while having someone check her work to make sure no fraudulent activity took place. Having Woody enter inaccurate amounts of orders into the computer allowed him to steal the vast amounts of inventory. Also‚ Goodner Brothers should have had two executives approve the purchase of inventory from wholesalers.
Premium
fleece his insurance company. Minkow was smooth and had charm which allowed all of these false financing options to be possible. Minkow’s success at beating the system encouraged him to further exploit fraudulent activities in different areas. Minkow befriended numerous friends whom aided his fraudulent activities‚ including an insurance claims adjuster. Minkow promised to pay this adjuster $100 per week if he would confirm to banks that ZZZZ Best was the recipient of occasional insurance restoration
Premium Audit Barry Minkow Financial audit
Misrepresentation Misrepresentation is a concept in contract law referring to a false statement of fact made by one party to another party‚ which has the effect of inducing that party into the contract. For example‚ under certain circumstances‚ false statements or promises made by a seller of goods regarding the quality or nature of the product that the seller has may constitute misrepresentation. A finding of misrepresentation allows for a remedy of rescission and sometimes damages depending on
Premium Misrepresentation Contract
CHAPTER - 1 INSURANCE 1.1 Introduction In law and economics‚ insurance is a form of risk management primarily used to hedge against the risk of a contingent‚ uncertain loss. Insurance is defined as the equitable transfer of the risk of a loss‚ from one entity to another‚ in exchange for payment. An insurer is a company selling the insurance; an insured‚ or policyholder‚ is the person or entity buying the insurance policy. The insurance rate is a factor used to determine the amount to be charged
Premium Insurance
diverts 5% to 10% of each shipment to the boutique. --There is a false representation so this is a fraudulent act. c. The store is unaware of the short shipments because the receiving report accompanying the merchandise to the sales areas shows that everything was received. --There is intent to deceive as indicated by the efforts to conceal the act so this is also a fraudulent act by the supervisor of receiving. It is not due to an act by the buyers. d. Accounts Payable paid
Premium Fraud
stealing from one another. The list of items stolen vary and range from money to people. Yes‚ people have been stolen and are continually stolen. Identity theft is a form of stealing that is on the rise in recent times. Identity theft is defined as the fraudulent acquisition and use of a person’s private identifying information‚ usually for financial gain. Data breach is a form of identity theft. This form of identity theft is running rampant online. Data breach is a more electronic means of theft. (htt)
Premium Fraud Identity theft Computer security