Report on Financial Statement Fraud Scheme Name ACC 556 Date Instructor NameReport on Financial Statement Fraud Scheme TO: Organization’s Management FROM: Learning Team DATE: SUBJECT: Fraud Examination Findings A Summary of the Matter under Investigation Crazy Eddie Electronics Stores a chattered company‚ traded under the symbol CRXY on the New York Stock Exchange. The company was under management of Eddie Antar family from 1971 until 1987 when Oppenheimer-Palmieri Fund (OPF) took
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Revenue Recognition Fraud: Methods and Reason In today’s corporate arena‚ fraud has taken its seat among the top priorities of those who make policies and set standards. The majority of large-scale fraud is perpetrated by the improper recognition of company revenues and is‚ in practice‚ generally simple. Revenue recognition fraud can be carried out by keeping the books open past the end of the accounting period‚ recording consignment goods as sales‚ improper bill-and-hold transactions‚ failure
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Membership Fraud A specific fraud that could be committed against the YMCA is membership fraud. This fraud could be perpetrated solely by a YMCA member‚ or could be a form of collusion with a YMCA member. There are a few different ways a person could commit membership fraud against the YMCA. The current methods discussed are swiping someone else’s card and collusion involving membership age. After covering these fraud methods‚ a discussion of how to detect each of these frauds‚ as a forensic
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on space travel by government of advanced countries. Of course‚ it is important to explore outer space in-order to learn about other planets‚ search for life‚ however‚ perhaps it had better to care of problems on our planet and spend these sums on dealing with them? Perhaps‚ the strongest argument in favour of space travel is the overflow of population. The number of people is increasing‚ habitable land is decreasing‚ planet’s resources and fossil fuels are running out. As of today’s date‚ the world
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Financial Research – The Xerox 1 Financial Research Xerox Financial Fraud Case Analysis This paper was prepared for Auditing Procedures Financial Research – The Xerox Abstract On April 8th‚ 2002‚ the Xerox Corporation ("Xerox") announced its willingness to accept the U.S. Securities and Exchange Commission (SEC) to reach a settlement with the conditions. Thereafter‚ its financial fraud became surfaced. On June 28th‚ Xerox Corporation in accordance with the requirements of the settlement
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high social status in the course of his occupation" Since technology has come into play many issues have come to surface and the crime rates have increased causing one particular branch of white collar crime known as computer fraud White collar crime: Computer Fraud White Collar crime has been Identified by Edwin Sutherland as “A crime committed by a person of respectability and high social status in the course of his occupation" (Sutherland‚ 1939) White Collar crimes are serious‚ but
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1. Introduction A new report has shown that almost half of the Asia-Pacific companies are confident of their internal fraud controls (Singapore Press Holdings Limited 2005). But here’s the fact: Only 16 per cent of economic crimes in the region were detected by risk-management systems. In fact‚ the vast majority of incidences of economic crime were detected by accident‚ tip-off‚ and internal and external audit (PriceWaterhouse Coopers 2003). Here in the case study of Informatics Group (Singapore)
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Velasquez Chapter 1 Aaron Beam and the HealthSouth Fraud Questions 3‚ 4 3. In terms of Kohlberg’s views on moral development‚ Aaron Beam would be at Level Two Conventional Stage Three. Interpersonal Concordance Orientation. Aaron Beam knew that his actions were indeed wrong and he could no longer carry on‚ therefore‚ he retired and paid a price for his wrong actions. He now lives off of what he works for. In terms of Kohlberg’s views on moral development‚ Richard Scrushy would be at the Level
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“Criminal phenomenon” is known as white collar crime. White collar crime was firstly talked by Edwin H. Sutherland who was a criminologist. He defined white collar crime in a presidential meeting of the American Sociological Society. This meeting was held at the state of Philadelphia in December 1939 to 1940s. He defined white collar crime as “a crime committed by a person of respectability and high social status in the course of his occupation”. (“Sutherland‚ 1949:9”). White collar crime includes
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Healthcare fraud‚ while there can be simple billing errors that can create this‚ Medicare fraud normally arises when a physician‚ provider‚ or supplier is trying to steal from Medicare by fabricating services or products given to patients. While most people consider Healthcare fraud the same as Healthcare abuse‚ there is a big difference in meaning. Abuse differs‚ because abuse is committed when healthcare providers do not use Medicare’s processes which can exponentiate the costs to Medicare. There
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