Page 1 of 7 Forensic Accounting School of Business ACC/556 Version 3 Forensic Accounting Copyright © 2009‚ 2008 by University of Phoenix. All rights reserved. 352.567.1821 (EST) Course Description Facilitator: Jessica Wilder wilder11@email.phoenix.edu (UOPX) jessica_wilder@hotmail.com (Personal) In this course‚ students are introduced to the conduct of fraud examinations‚ including a discussion of specific procedures used in forensic accounting examinations and the reasoning behind
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technical viability and market demand of its service. Enron continued to recognize future profits‚ even though the deal resulted in a loss. They tried to cover up their own failures. With Enron’s adoptability on the so-called “gain-on-sale” accounting method which allows the company to estimate the future profitability of a trade made today and book a profit today based on the present value of those estimated future profits‚ it had tempted the management to aggressively make
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Financial Officer‚ Scott Sullivan’s classical view of social responsibility was the beginning of the end for WorldCom; this classical view shaped WorldCom’s organizational culture‚ and blinded how WorldCom should have safeguarded against unethical accounting breaches. Ebbers and Sullivan’s Classical View of Social Responsibility Ebbers was one of nine investors of Long Distance Discount Services (LDDS) whom was appointed to run the fourth-largest long-distance telecommunications company‚ and after
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10% The group assignment will account for 10% of the total marks. The class will be divided into groups of 6-7 students based on the active enrolment at that time. Each group is expected to analyze an assigned case that deals with ethical issues‚ accounting fraud‚ and earnings management of a well-known corporation. Detailed guidelines will be provided in class. Peer evaluation may be conducted to ensure all members contribute equally to the assignment. Therefore‚ it is strongly recommended that you
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Q1. Does the fact that David Myers’s superior‚ Scott Sullivan‚ asked him to make the false accounting entries in WorldCom’s accounting records diminish Myers’ responsibility for his improper conduct? A1. I think Myers’ conduct towards in his professions should not be affected by anyone‚ even though making false accounting entries was Mr. Sullivan’s behest. Despite other factors‚ as a financial controller‚ integrity should plays as one of the most vital roles under any circumstance when making
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ISSUES IN ACCOUNTING EDUCATION Vol. 28‚ No. 4 2013 pp. 901–912 American Accounting Association DOI: 10.2308/iace-50542 Lessons of the HealthSouth Fraud: An Insider’s View Weston L. Smith INTRODUCTION T he night was December 6‚ 2005. I could not go to sleep. As I tossed and turned‚ my entire life replayed in my mind. How did I get to where I was? I went all the way back to my childhood. I was raised in a middle-income home with an older brother and sister and two loving parents. We were far from
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Future Commission in Hong Kong as it was involved in accounting fraud. It exaggerated accounts for loan‚ land and its warehouse receipts in its public offering financial statements for 2009. Also‚ its main subsidiary’s revenue was deliberately inflated according to powerful evidence. As a result‚ the CEO‚ Jacky Chun‚ was arrested because of irresponsibility of proper records on purpose‚ and some auditors related violated Professional Accounting Ordinance due to publicizing the annual reports with
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Kenneth Johnston FROM: Constance Punch RE: Sarbanes-Oxley Act: Was the ‘one-size-fits-all’ approach justified? Nogler‚ G.‚ & Inwon‚ J. (2011‚ May/June). Sarbanes-Oxley Act: Was the ’one-size-fits-all’ approach justified? Journal of Corporate Accounting & Finance (Wiley)‚ 22(4)‚ 65-76. http://dx.doi.org/10.1002/jcaf.20691 ARTICLE SYNOPSIS When looking at the Sarbanes-Oxley Act and subsequence laws‚ the article looks at whether or not they were the correct solution regarding problems that was
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file of ACC 492 Week 5 Case Study Assignment contains: An Interactive Learning Approach‚ (3rd edition)‚ by Beasley‚ Buckless‚ Glover‚ and Prawitt: Case 12.4: Surfer Dude Duds‚ Inc.: Considering the Going-Concern Assumption Business - Accounting Learning Team Case Study Assignment and Presentation Resource: Case 4.1: Enron Corporation and Andersen‚ LLP: Analyzing the Fall of Two Giants in Auditing Cases Complete the questions at the end of the case. Prepare a
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According to U.S. Securities and Exchange Commission’s Litigation Release No. 21819 and Accounting and Auditing Release No. 3234 dated January 20‚ 2011‚ on January 13th‚ 2011‚ SEC charged NutraCea‚ three former executives‚ and two former accounting personnel for overstatement of NutraCea’s product sales revenues by employing deceptive accounting schemes. NutraCea is an Arizona-based company that manufactures and sells health food products. For the second and third quarters of its fiscal year 2007
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