scholarlinkresearch.org Journal of Emerging Trends in Economics and Management Sciences (JETEMS) 2(5):357-363 (ISSN:2141-7024) Fraud as a Negative Catalyst in the Nigerian Banking Industry Akindele R.I Department of Management and accounting Obafemi Awolowo University‚ Ile Ife‚ Nigeria ___________________________________________________________________________ Abstract Fraud in the Nigerian Banking Industry before the recent merger and acquisition and recapitalisation efforts was at alarming rate
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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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Why Does the Pardoner Admit that He is a Fraud? In Canterbury Tales‚ Geoffrey Chaucer presents a collection of tales which satirize religion‚ addictions‚ and other human vices. The Pardoner from “The Pardoner’s Tale” preaches against various sins such as lechery‚ gluttony‚ falsehood‚ and gambling. In the midst of his preaching‚ the pardoner explains his deceptive nature and admits that he is a fraudulent preacher. After admitting this‚ he proceeds to ask these people to buy his counterfeit relics
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Identity fraud can ruin a person’s entire life because what they worked so hard for is taken from them. People pretend to be someone else on the computer. As the amount of online dating sites are going up‚ so it the amount of “catfishing”‚ or pretending to be someone
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Fraud‚ Auditing & Internal Controls CMIYC paper Throughout the movie‚ Frank Abagnale Jr. has multiple pressures that cause him to commit fraud‚ opportunities to commit them and rationalizations about them. These three factors all end up causing him to commit the fraud and to escalate it‚ some more than others. Most of the pressures that Frank goes through in the movie would be in the financial pressures group‚ and a little in the other pressures group. His first pressure in the movie would
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University Of Bahrain Collage of Business Administration A Paper Highlighting: How accounting fraud has changed merger valuation Prepared For: Professor Omar Al-‐Jahmani Course: Advanced Financial Accounting (ACC 610) Term: Second Semester‚ 2012-‐2013 Prepared By: Mohamed
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Journal of Forensic & Investigative Accounting Vol. 2‚ Issue 2 Bankruptcy and Fraud Analysis: Shorting and Selling Stocks Hugh Grove Tom Cook Eric Streeper Greg Throckmorton* To auditors‚ investors‚ fund managers‚ short sellers‚ and other external users‚ fraud and bankruptcy models may serve as important tools in analyzing the financial information presented by companies. Along with the earnings management ratios‚ quality of earnings and quality of revenue (Schilit 2003)‚ more elaborate
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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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Blauner’s hypothesis is a theory about the creation of a minority group that asserts that minority groups created by colonization will experience more intense prejudice‚ racism‚ and discrimination than those created by immigration. According to Blauner‚ there are two major processes by which new groups are incorporated into a society‚ immigration or colonization. Immigration is voluntary and the prescriptions and exclusions are minimal. Colonization‚ on the other hand‚ is involuntary and prescriptions
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