Phase 2 Planning Due: 18 May 2013 Required: Given the details established in phase 1 (Instigation) and further details below you are required to prepare a 1-2 page document stating your investigative hypothesis and then deduce your strategy for proving/denying your hypothesis. Your deduction should include a table with three columns stating the information you propose to review‚ where the data would be found and what you are specifically looking for in analysing the data. Information – what
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TAYLOR’S COLLEGE AMERICAN DEGREE PROGRAM FALL 2012 SEMESTER ACCT 201 – TEST 1 QUESTION 1 (10 marks) Identify by letter the assumption or characteristic of information that best represents the situation given. (One mark for each matching) A. Corporate governance F. Liabilities B. Going concern concept G. Financial Accounting Information. C. Reliability (Objectivity) Principle H. Generally accepted accounting principles D. Stable-dollar
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company’s internal control and accounting systems and assign such improvements to a cost benefit analysis. Fraud: No precise legal definition of fraud exists‚ though many of the offences referred to as fraud are covered by the theft Acts 1968 and 1978 (Kaplan chapter 5) Causes of fraud‚ common type of fraud: Falsification or alteration of accounting records or other documents. Misappropriation of assets or theft Recording of transaction without substance
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FRAUD FACTS Issue 12 April 2011 INFORMATION FOR ORGANISATIONS An introduction to fraud detection Fraud detection should form part of an organisation’s overall anti-fraud strategy to identify and stop new or historical fraud at the earliest opportunity. Effective fraud detection saves money and protects businesses and their employees‚ shareholders and customers. What is fraud detection? Fraud detection is the identification of actual or potential fraud within an organisation. It relies upon the implementation
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policies June 2015 Student ID:673806 Acronyms CIPFA: Chartered Institute of Public finance and Accounting DWP: Department of Works and Pension LCFS: Local Counter Fraud Specialist NAO: National Audit Office NFA: National Fraud Authority NHS: National Health Service NHS CFSMS: National Health Service Counter Fraud and Security Management Services XXXXX: XXXXX ousing Gr Table of Contents 1.Executive Summary................................................................
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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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Fraud and Forensic Accounting In a Digital Environment White Paper for The Institute for Fraud Prevention Conan C. Albrecht Marriott School of Management Brigham Young University conan@warp.byu.edu Fraud and Forensic Accounting In a Digital Environment ABSTRACT This paper discusses four aspects of computeraided fraud detection that are of primary interest to fraud investigators and forensic accountants: data mining techniques for the detection of internal fraud‚ ratio analysis for
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Corporate Accounting Frauds: A Case Study of Satyam Computers Limited Madan Bhasin Professor in Accounting‚ Bang College of Business‚ KIMEP University‚ Almaty‚ Republic of Kazakhstan ABSTRACT Corporate entities of all sizes‚ across the globe‚ are easily susceptible to frauds at any points of time. From Enron‚ WorldCom and Satyam‚ it appears that corporate accounting fraud is a major problem that is increasing‚ both in its frequency and severity. According to ACFE Global Fraud Study 2012‚ “The typical
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supervisor owns and operates a boutique carrying many of the same labels as the chain store. The general manager is unaware of the ownership interest. -- It is a red flag warning so it is a fraud because there is a conflict of interest situation which should have alerted the auditor to the possibility of fraud. b. The receiving supervisor signs receiving reports showing that the total quantity shipped by a supplier was received and then diverts 5% to 10% of each shipment to the boutique.
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Running Head: PLUTONIUM COMPANY Week 3 Case Study: Plutonium Company Fraud Kyle Harrison Keller Graduate School of Management AC 572: Accounting Fraud Examination Concepts Instructor Sherwin Cord January 25‚ 2009 Week 3 Case Study: Plutonium Company Fraud Plutonium‚ an Internet start-up company founded in 1988‚ was in the midst of a massive project to improve integration and internal data quality of its disparate information systems. At the heart of this project was an endeavor to implement
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