Designing Internal Control System To Minimize Fraud And This paper gives an introduction to Microfinance Institutions (MFIs) informal financial service delivery mechanism which are not under any regulatory framework like the formal sector. So‚ there is a necessity to internalize a built-in internal control system through self-regulation to mitigate exposure to risk in MFI. In 2.0 sound and reliable management system for MFIs through self-regulation are discussed. Section 3.0 discussed under internal
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Running head: CASE ANALYSIS OF THE ACCOUNTING FRAUD AT WORLDCOM Case Analysis of the Accounting Fraud at WorldCom Angela Crossley Troy University October 27‚ 2008 History The origin of WorldCom can be traced back to 1983. The CEO‚ Bernard J. Ebbers‚ of WorldCom had very interesting beginnings. He invested in Long Distance Discount Services (LLDS) with eight other investors‚ and believed that the telecommunications industry was a very good business venture. In the beginning
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Axis Capital Group Insurance Fraud Malaysia Jakarta Asian Region Property Insurance Basics AXIS Capital‚ a group of companies with branch offices in Bermuda‚ Australia‚ Canada‚ Europe‚ Latin America‚ Singapore and the United States has built a global franchise that is well diversified by product –i.e. Property and Casualty Insurance. When damage‚ theft or loss occurs‚ property insurance covers a business’s building and its contents such as money and securities‚ accounts-receivable records‚ inventory
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Railroad was authorized to construct a transcontinental railroad with substantial financial support from the federal government‚ officers and directors of the company devised a plan to make an immediate profit from its construction by fraud. The vehicle for this fraud was a company called Credit Mobilier of America. The method was to have Credit Mobilier‚ which was entirely controlled by the same people‚ bill the Union Pacific for the costs of constructing the railroad. There was no "market value"
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Pablo Picasso‚ the brilliant painter whose name is synonymous with masterpiece‚ once remarked that “Good artists copy; great artists steal.” As a survey of art galleries all around the world‚ galleries that display perhaps the best works of art‚ demonstrates‚ Picasso’s axiom is grounded in fact; painters stealing from each other is commonplace. To adduce one example‚ artist Elaine Sturtevant is said to have stolen her style and design from “the works of Warhol‚ Lichtenstein‚ Haring and more‚ all
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In the beginning of October‚ I received a new fourth grade student named Adrian. Adrian came from a rural school district in Iowa‚ where he had attended since he was six years old. Within the first week of Adrian’s arrival at Anson Elementary‚ he was performing grade levels below his peers. His school records did not arrive until two weeks after his start date in October. When looking at his records‚ it stated on his 2015-16 Iowa Assessments that he was on grade level for math and reading.
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WALL STREET/NYSE – FRAUD – REGULATORY ACTS PAST AND PRESENT RESEARCH PAPER AUDITING BUS 469 November 22‚ 2006 [pic] WALL STREET/NYSE – FRAUD – REGULATORY ACTS PAST AND PRESENT I am starting this paper with a short history of The Stock Exchange in America‚ Wall Street‚ and the New York Stock Exchange. This will lead into the corruption that occurred before the 1929 stock market crash and the depression. I will then touch on the result of that corruption
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Self-Directed Online Learning can be extremely beneficial to many people or it can be completely unreliable to others. In our world not everyone’s different which means a lot of people have different ways of learning. Some people learn better when they’re in the classroom with a group of other students and some people learn better from reading lessons by themselves with no one around. One of the benefits of online learning is that it can teach people self-discipline to set a time and date when they
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Have you ever done so much work and never given enough credit for it? This one man was never given enough credit due to fraud by Thomas Edison. This particular man was named Nikola Tesla. He had a mind ahead of his own time. Tesla was a Serbian-American physicist who was born on July 9‚ 1856 in Smiljan‚ Croatia. He was born during the Austro-Hungarian Empire. His father was Milutin Tesla‚ a preacher at the Serbian Orthodox Church. While his mother‚ Djuka Mandic‚ ran the family farm. When he was seven
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CAUSES AND MEASURES OF CURBING FRAUD IN THE BANKING SECTOR. BY ESSIEN NSIKAK U. A RESEARCH PROJECT SUBMITED TO THE DEPARTMENT OF ACCOUNTING‚ COLLEGE OF BUSINESS AND SOCIAL SCIENCES‚ COVENANT UNIVERSITY‚ OTA. IN PARTIAL FULFILMENT OF THE REQUIREMENT FOR THE AWARD OF BACHELOR OF SCIENCE (B.sc) DEGREE IN ACCOUNTING. CERTIFICATION I certify that this project titled “The Analysis of the causes and measures of curbing fraud in the banking sector” was carried
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