BS2003-01b Collegiate Case Study Adelphia founder‚ 2 sons‚ 2 others arrested in fraud By David Lieberman and Greg Farrell www.usatodaycollege.com Accounting fraud Part II: The results “Creative accounting” is not a new technique‚ but it can certainly be a costly one. Businesses feel the pressure to appear profitable in order to attract investors and resources‚ but deceptive or fraudulent accounting practices often lead to drastic consequences. Are these so-called creative practices
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1. Compose a summary of the case. Include how the fraud was perpetrated‚ the characteristics of the perpetrator(s) who committed the fraud‚ the role the auditor(s) had in the case‚ and the direct and indirect effects the incident had on the organization’s stakeholders (customers‚ vendors‚ employees‚ executive committee‚ and board of directors). Comerica is being sued by Experi- Metal’s for a $560‚000 phishing attack to their bank account. Experi- Metal‚ a custom auto- parts maker‚ was hit by phishing
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Muscles and glands Neurons communicate with other neurons and stimulate both ___ and ___. Synapses‚ cell bodies‚ dendrites Signals from other neurons are received at junctions called ___‚ located primarily on the ___ ___and ___‚ the receptive and integrative regions of the neuron. Axon hillock‚ action potential The area where the axon emerges from the soma (cell body) is called the ___ ___. This is also where the outgoing signal‚ called a/an ___ ___ is generated. Collaterals‚ terminals
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your results. 5. Any attempt to prove/solve the problem will be considered as added value such as: (i) Troubleshooting (ii) Possible constraints (iii) Idea (iv) Evidence of team works Assignment Problem 1 In many mechanical positioning systems‚ the movement of a large unwieldy object is controlled by manipulating a much smaller object that is mechanically coupled with it. The figure below depicts such a situation‚ where a force u is applied to a small mass ms in order to position a larger
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------------------------------------------------- Chapter 12—Electronic Commerce Systems TRUE/FALSE 1. Because of network protocols‚ users of networks built by different manufacturers are able to communicate and share data. ANS: T 2. Electronic commerce refers only to direct consumer marketing on the Internet. ANS: F 3. Business to consumer is the largest segment of Internet commerce. ANS: F 4. The phrase “.com” has become an Internet buzz
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1 Fraud Fraud can be defined as any activity that leads to the obtaining of financial advantage of causing of loss by implicit or explicit deception. It is the mechanism through which the fraudster gains an unlawful advantage or causes unlawful loss. There are many different types of fraud‚ I would like to mention some of the well known fraud types in the area of the Internet‚ which is an area where more than one billion peole are in touch with everyday. Fraud Terminology • Auction Fraud : involves
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types of fraud have occurred since the 1800s. As the economy fluctuates‚ many people and organizations believe they must commit fraud in order to have financial gain. Organizations and individuals must understand fraud and the types of fraud‚ in order to protect themselves. There are professionals trained that have received anti-fraud certification in order to fight against fraud. The anti-fraud professional assist companies and individuals in order to detect fraud. Theses anti-fraud specialists
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Peregrine Systems was founded in 1981 in Irvine‚ California. The founders were Chris Cole‚ Gary Store‚ Ed Beck‚ Kevin Keyes and Richard Diedrich. “The company was focus on developing enterprise solutions that would help organizations address precise business problems‚ and asset management practices for reduced costs‚ improved productivity and service and lower risk.” Peregrine Systems was headquartered in San Diego‚ California and had offices in America‚ Europe and Asia Pacific. Peregrine Systems
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location has acquired their own financial and accounting system and all data input into their own systems is sent to the corporate headquarters in San Jose‚ California. They provide the information to corporate to be combined into corporates information systems. This information is provided to the San Jose location either by hardcopy reports that must be re-entered or data files that must be converted to become compatible with San Jose’s information systems. Each location employed different vendors
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|PROJECT ON | | | |BANKING FRAUDS | | | SUBMITTED BY: • PRAJAKTA JADHAV - 9
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