the cross sale fraud of its customers. Senator Elizabeth Warren who heads up the committee is asking the tough questions of Stumpf concerning the financial profits of Wells Fargo during the time when the frauds were taking place. The Committee is digging into how much profit and bonuses earned by the CEO‚ and should he resign and give back the money received. They are also questioning whether Carrie Tolstedt who was the Senior VP directly responsible for the Branches where the frauds happened. She
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ACC 476/726 – Auditing Discussion Case Questions Fall 2004 General Information The audit discussion cases are real-world examples of problems that auditors face in practice. Each individual case is brief‚ and every member of the class should read the case prior to class and come prepared to participate in class discussion. Instead of the questions in the casebook‚ we will discuss specific issues related to the topic currently being discussed in class. The questions can usually be answered
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Is earnings management good or bad? Who (or which part of corporate governance mechanisms) is responsible to constrain earnings management? To what extent can the auditor constrain earnings management? Propose some methods for the auditors to detect and constrain earnings management. Does market react to firm’s earnings management behavior? In order to discuss earnings management and what its affects are on business and whether or not it’s a good thing‚ one must first understand what earnings management
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Deloitte Sued for 7B in Mortgage Fraud Case By THE ASSOCIATED PRESS New York Times September 26‚ 2011 MIAMI (AP) — A pair of lawsuits filed Monday claim that Deloitte & Touche LLP‚ one of the nation’s largest accounting firms‚ should pay $7.6 billion in damages for failing through years of audits to detect massive fraud at a now-defunct Florida mortgage company. "They certainly did not do their job‚" said attorney Steven Thomas‚ who represents those suing Deloitte. "This is one of those cases
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Recent examples of cyber crime & eCommerce fraud related investigations in India Cyber Crime statistics in India * taken from National Crime Records Bureau website Incidence Of Cases Registered Under Cyber Crimes IT Act Year India 2005 179 2006 142 2007 217 2005 302 IPC 2006 311 2007 339 Person Arrested Under IT Act By Age Group During 2007 (2006) Age Group IT India 2 60 IPC 1 IT 154 Total IPC 429 Cyber Crime statistics in India * taken from National Crime Records Bureau website Incidence
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Ms. Brooks 03/10/2012 UNIT 5 Essays Differentiate between fraud and abuse. Define fraud and abuse‚ identify at least three elements of each‚ and contrast the differences between them. Cite illustrative examples of the differences. Fraud is any and all means a person uses to gain an unfair advantage over another person. In most cases‚ to be considered fraudulent‚ an act must involve: – A false statement (oral or in writing) – About a material fact
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Cyberspace/Technology Policy Tony Tyboroski 10/18/2013 CJA/464 Professor Kim Chapman The Cyberspace/Technology revolution has provided a vast improvement on the general welfare. Three areas that have improved within Federal cybersecurity include: Continuous monitoring of Federal information systems‚ Trusted Internet Connection (TIC) capability and use‚ and Strong authentication using government issued identity credentials‚ such as PIV (Personnel Identity Verification) and CAC
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details or infecting their computer with a virus. Meanwhile‚ according to India Cyber lab website‚ cybercrime is illegal act that commit via internet such as spreading virus‚ hacking‚ internet auction fraud‚ trafficking in contraband goods‚ internet sexual assault‚ and internet-advertising bank loans fraud. Moreover‚ the used of many social networking nowadays also has become the reasons why the cybercrime raised. Cybercrime does not happen without internet. Through direct lines‚ criminals can expand
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JB Accounting Fraud‚ the Investor and the Sarbanes Oxley Act Throughout the past several years major corporate scandals have rocked the economy and hurt investor confidence. The largest bankruptcies in history have resulted from greedy executives that “cook the books” to gain the numbers they want. These scandals typically involve complex methods for misusing or misdirecting funds‚ overstating revenues‚ understating expenses‚ overstating the value of assets or underreporting of liabilities
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of Jurisdiction” * Code of Criminal Procedure‚ 1973 * Computer Fraud and Abuse Act‚ 1984 * Cox Noel‚ Cyber Crime and Jurisdiction in New Zealand * Crimes Act‚ 1961 * Csonka Peter‚ Internet Crime: The Draft Council of Europe Convention on Cybercrime : A Response to the Challenge of Crime in the Age of the Internet * Data Accountability and trust Act‚ 2006 * Date Protection Act‚ 1998 * Digital La Costa Nostra‚ The Computer Fraud and Abuse’s Act’s Failure to Punish and Deter Organized Crime *
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