financial statements is referred to as fraudulent financial reporting. ANS: T PTS: 1 OBJ: LO1 NAT: AACSB correlation: ethics LOC: Learning Type: Recall KEY: ethical reporting 2. Fraudulent financial reporting can result from the misapplication of accounting principles. ANS: T PTS: 1 OBJ: LO1 NAT: AACSB correlation: ethics LOC: Learning Type: Recall KEY: ethical reporting 3. Criminal penalties cannot be imposed on those who prepare fraudulent financial statements. ANS: F PTS: 1
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true reports due to the limitation of auditing. When there is a high likelihood of fraud through evaluating by auditors‚ audit tests are needed to be expanded. (Moroney‚ Campbell & Hamilton‚ 2011) Fraudulent of financial reporting or misappropriation of assets will arise fraud misstatement where fraudulent shown in the financial statement misstatements or omissions that deceive users and for misappropriation of assets is referring to the thefts of entity assets reported in financial statement. (Kimmel
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PENCEGAHAN DAN PENDETEKSIAN FRAUDULENT FINANCIAL STATEMENT (KECURANGAN DALAM LAPORAN KEUANGAN) OLEH FRAUD EXAMINERS (AUDITOR FRAUD) (STUDI LITERATUR) 1. Latar Belakang Fraud atau yang lebih familiar dengan istilah kecurangan‚ telah menjadi momok dalam dunia usaha modern yang terbukti telah merontokkan perusahaan – perusahaan kelas dunia. Coba kita bawa kembali ingatan kita‚ ketika masa akan memasuki millennium baru‚ tiba – tiba dunia seakan tersentak dengan terkuaknya
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What were the consequences that befell the company upon the discovery of the fraudulent activities? The Satyam case the discovery of the fraudulent activities gives big impact to the stakeholders. First of all‚ the Satyam business will be in difficulties and cannot focus on the core business. Satyam may be collapse like Enron Company. Employees of Satyam spent anxious moments and sleepless nights as they faced non-payment of salaries‚ project cancellations‚ layoffs and equally bleak prospects
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her belief system with my own. While explaining her family values‚ how she viewed and utilized money and career‚ and her social issues‚ I will in the process compare these with my own personal belief system‚ and why I have decided that she is a fraudulent role model. The reason why I have chosen to write about her is because though she appeared to be performing Christian acts; her views and work have made her into a polarizing figure in academic circles.
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What happens when a bank accepts a check with a forged endorsement? Who suffers the loss? Who is liable? Where can these answers be found? Check fraud law is governed by Articles 3 and 4 of the Uniform Commercial Code (UCC). The National Conference of Commissioners on Uniform State Laws and the American Law Institute created the Uniform Commercial Code in a joint effort. It took over ten years to originally draft the UCC‚ and a further fourteen years for the UCC to be implemented across the country
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DESCRIPTIVE DATA MINING ON FRAUDULENT ONLINE DATING PROFILES Pan‚ Jinjian A.‚ The University of New South Wales‚ School of Information Systems Technology and Management‚ Sydney‚ NSW 2052‚ jinjian.pan@cba.com.au Winchester‚ Donald‚ The University of New South Wales‚ School of Information Systems Technology and Management‚ Sydney‚ NSW 2052 d.winchester@unsw.edu.au Land‚ Lesley‚ The University of New South Wales‚ School of Information Systems Technology and Management‚ Sydney‚ NSW 2052‚ l.land@unsw
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University of Maryland University College Risks Associated with Fraudulent use and loss of Personal Identifiable Information: JAP IFSM 201 Dec 11‚ 2012 Name‚ age‚ address‚ social security number. all of these are the usual examples of “Personally identifiable information” or PII. We take for granted that our information is somewhere “out there”‚ on someone computer‚ safe‚ manned
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Question 1 : Is there anything unique about L&H that made the company prone to engage in fraudulent accounting practices? The unique characteristics in L&H that made it prone to engage in fraudulent accounting practices were the rapid expansion and acquisition of companies beyond their boundaries‚ and the inability to oversee these operations. Another important factor that stands out is the lack of ethical values portrayed by the founders of L&H. The top management did not set code of ethics‚ but
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1. Lack of controls that prevent and/or detect fraudulent behavior 2. Inability to judge quality of performance 3. Ignorance‚ apathy and incapacity 4. Lack of an audit trail ” Sullivan directed subordinates to book certain fraudulent adjustments and entries in WorldCom’s general ledger to mask WorldCom’s true performance. The fraudulent adjustments and entries were designed to falsely increase WorldCom’s reported revenue and to falsely decrease WorldCom’s reported expenses Sullivan directed
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