Financial Fraud- Qwest Communications Introduction In the late 90’s‚ early 2000’s‚ Qwest Communications International Inc. (Qwest) was a rapidly growing telecommunications company that provided global internet and telephone services. At their pinnacle‚ Qwest was one of their industry’s top leaders‚ reporting revenues of $16.7 billion in 2001 (Anonymous‚ 2013). Through continued expansion and acquisitions of other large telecommunications companies‚ it seemed things were only headed in a positive
Premium Fraud Finance Bond
ISA/HKSA 240 (Clarified) prescribes the primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the entity and with management. ISA/HKSA 240 (Clarified) also provides expanded operational guidance for auditors to consider the existence of material misstatement due to fraud in a financial statement audit. It emphasizes the auditor’s increased responsibility for detecting fraud‚ and the auditor is now required to be more
Premium Auditing Audit Financial audit
The Primary Care Clinic Dana E. Wilson Prof. Terese Cole HSA 300 Health Service Organization Management October 29‚ 2013 Our healthcare facility provides primary and comprehensive care for patients that include women‚ men and young adults in a metro area that has a population of over 200‚000 people. We also have expanded our practice to offer specialized care in Obstetrics and Gynecological services. We have multiple locations in the area in order to provide services
Premium Medicine Health care Health economics
improvements within 90 days to keep it open. Alex’s primary problem is that his plant can not consistently get a quality product out of the plant on time at the cost that can beat the competition. His plant is losing money and if he cannot make it profitable‚ the management eventually will decide to close the plant. In his fight to save his plant‚ a physician‚ Jonah‚ helps him in achieving his objectives. Alex‚ with the help of Jonah‚ finds that the goal of a manufacturing organization and all organizations
Premium Theory of Constraints Bottleneck
The Statute of Frauds clearly identifies what contracts have to be presented in the written format in order to remain enforceable (Reilly‚ 2000)‚ therefore written agreements should be signed by all parties to be binding. The Statute of Frauds is a rule of law requiring certain kinds of written contracts‚ not oral contracts since they are vague and frequently don’t provide sufficient proof of the terms agreed upon by each parties. Oral contracts create more complications and are the main reason for
Premium Contract Contract law Law
an accountant must remain ethically cautious to circumvent falling into such a trap. Accountants need to be educated on what forms of financial statements frauds can be committed and ways to prevent financial statement fraud. A strong system of internal controls helps companies deter employees from committing fraud. Financial Statement Fraud Categories Financial statement fraud is deliberate misrepresentation‚ misstatement or omission of financial statement data for the purpose of misleading the
Premium Balance sheet Financial statements
“so what are you doing after high school”? I always say I don’t know. Sometimes it helps me to think what I don’t want to do and it narrows it down for me. My dad has been in the fire department for 30 years and he’s always saying I should follow in his footsteps. I would love to commit to a job like everyone else‚ but I feel like once I get older my mind will change. My post-secondary goals are still unclear‚ but not because I don’t know what to do. It seems like there are a lot of careers I would
Premium High school College Question
2. For each of the entities identified‚ design tables and identify the possible candidate keys‚ the primary key‚ a probable foreign key‚ and potential secondary keys. a. PARTS (PART_NUMBER‚ STORE_NUMBER‚ PART_DESCRIPTION‚ QTY_ON_HAND‚ COST‚ RETAIL_PRICE) Candidate keys: PART_NUMBER is the only candidate key. No other field will identify parts uniquely. Primary key: PART_NUMBER is the primary key. Foreign key: STORE_NUMBER is a foreign key from the STORE table. Secondary keys: There are no
Premium Foreign key Data modeling Database normalization
I have decided to apply for a primary education course as I enjoy working with young students and I am passionate about helping the future generations with their education. In sixth form I study four subjects including: BTEC science‚ Applied Business‚ Applied I.C.T and BTEC Health and Social. These courses all provide me with a good skill set in order to study for a primary education degree. The subjects I am doing provide me with appropriate skills for this course as Health and Social required me
Premium School Education Teacher
When does employee fraud occur? It is commonly accepted that the presence of the three elements of the “Fraud Triangle” increases the risk of employee fraud: Motivation: The employee is somehow motivated to commit a fraud. Economic factors such as personal financial distress‚ substance abuse‚ gambling‚ overspending‚ or other similar addictive behaviors may provide motivation. The current national economic recession may serve to increase the incidence of such financial motivations. Opportunity:
Premium Fraud Ponzi scheme Credit card