ASA 240 (April 2006) Auditing Standard ASA 240 The Auditor’s Responsibility to Consider Fraud in an Audit of a Financial Report Issued by the Auditing and Assurance Standards Board Obtaining a Copy of this Auditing Standard This Auditing Standard is available on the AUASB website: www.auasb.gov.au. Alternatively‚ printed copies of this Auditing Standard are available b y contacting: Auditing and Assurance Standards Board Level 4 530 Collins Street Melbourne Victoria 3000 AUSTRALIA
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August 27‚ 2012 Charles Barron Organizational Responsibility and Current Health Care Issues Health care fraud and abuse is a current issue affecting everyone in the United States costing billions of dollars annually. This fraudulent crime is committed when dishonest consumers and providers submit false or misleading information to turn profit. It affects the United States by hampering the ability to provide affordable access health care and good quality of care to Americans
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of the behavior Criminal. The theory of Sutherland is clearly reflected in this film: “Enron: the smartest guys in the room”. The ambition of the top executives of Enron: Jeffrey Skilling‚ Kenneth Lay and Andrew Fastow led them to commit the fraudulent bankruptcy
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calculation of the current ratio fell below the requirement and thus the need for the loan. Management Integrity In No. 8 there is a significant turnover amongst higher-level positions. This turnover is possibly intentional and thus a greater chance for fraudulent activities. 2. No.1 - The acceptable audit risk is Medium. The auditor would have to prove that the articles are material. No. 6 - Pinnacle Manufacturing is a risky client and the auditors should check and verify each account. The acceptable
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met were ridicoulous and yes if you did not meet your goals termination was definitely a possibility. Are the actions by the employees justified by creating fraudulent accounts‚ no they are not‚ but unfortunately we live in a messy world. people need to have a job to provide for their families and maybe this was an incentative to create fraudulent accoutns. No matter the reasons behind this‚ what was done is wrong and unethical. In effect to Wells fargo fraduelent accounts‚ now the bank has to mend
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Sarbanes-Oxley Act of 2002 ACC 290 Sarbanes-Oxley Act of 2002 The Sarbanes-Oxley Act (SOX) originated on July 29‚ 2002 due to fraudulent bookkeeping practices and misleading financial reports from large corporations. These practices created a number of accounting scandals‚ which resulted in this in the government creating such an act. The purpose was to prevent and punish corporate corruption and‚ along the way‚ try to repair investor confidence. The law was passed by congress after well-known
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transactions: SGX Listing Manual Section 156 disclosures: s156(1)&(5) Duty to retain discretions Duty to avoid conflicts of interests Duty to use powers for a proper purpose Duty to act in good faith in the interests of the company Liability for fraudulent trading: s 340(1) General law Duties Loyalty and good faith THE DUTIES Care and diligence Duty to act honestly and to use reasonable diligence: s 157(1) Statutory Duties Duty to act with reasonable care and diligence Administrative
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deceiving employing organization to obtain resources or assets for personal gain and abuse involves misapplication of the resources provided by the employer. Occupational fraud is typically for three types: 1. Corruption 2. Asset Misappropriation 3. Fraudulent Statement. Amount these three categories‚ asset misappropriation‚ and corruption are the most common types of fraud and abuse. In 2012 total number of median loss of occupational fraud and abuses of all the reported cases was $140‚000‚ and one-fifth
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Human nature is very complex and so to some extent‚ we can say the given statement is true however‚ that is overlooking the changes in personality we see in many of the characters. Although it is true to say the men show gullibility and fraudulent behavior‚ we cannot disregard the honesty and strength many of the men of Othello display. Whilst Iago is completely duplicitous and deceitful‚ Cassio displays loyalty and integrity throughout the play. Othello’s nobility cannot be doubted at the beginning
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FACTS OF THE CASE: The Appellant‚ Director of Finance at Toyota Marin Lou Suriyan Sisuphan‚ took almost $30‚000 in order to persuade the termination of Sisuphan’s coworker Ian McClelland by suggesting that McClelland should be held responsible for the lost money. The Appellant did not have the intention to take this money permanently‚ and returned the money before any charges were filed‚ but not within the 24 hour amnesty period that the dealership offered. The dealership terminated Sisphan’s employment
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