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
Premium Balance sheet Revenue Generally Accepted Accounting Principles
101-C10 Medicaid Fraud in America: Uncovering Wasteful Spending in Healthcare In 2012‚ the State of South Carolina spent $4.8 billion on the Medicaid program. At the end of that fiscal year‚ the US Department of Health and Human Services Office of Inspector General reported that nationwide only $1.4 billion had been recovered in fraudulent cases. “The US spends more than $2 trillion on healthcare annually. At least 3% of that spending-or $68 billion-is lost to fraud each year. Fraud accounts for 19
Premium Health insurance Medicare
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
Premium Attack Fraud Attack!
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
Premium
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
Premium Mergers and acquisitions Corporate finance Stock
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
Premium Bank Fraud
Full Article In the public eye‚ Enron ’s mission was nothing more than the cover story for a massive fraud. --Bethany McLean and Peter Elkind CORPORATE FRAUD‚ BANKRUPTCIES‚ AND VARIOUS ILLEGAL ACTS HAVE always been part of the business environment. Every time fiascos erupt there is a shock‚ but business history records dozens of major failures‚ frauds‚ and other measures of massive corruption each decade. The big ones often hit during recessions or periods of other economic problems
Premium Enron
Fraud‚ Abuse‚ and Waste in the US Healthcare System Tony Hackman University of Phoenix Financial Management in Health Care HCS/577 Adam Craft August 01‚ 2010 Fraud‚ Abuse‚ and Waste in the US Healthcare System Healthcare insurance costs have risen at the average rate of three percent over the inflation rate for the past 10 years. As a result‚ the government is spending a larger percentage of GDP on healthcare for Americans. One of the reasons for this increase in the overall cost for healthcare
Premium False Claims Act Federal government of the United States Health care in the United States
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
Premium Stock market Securities Act of 1933 Wall Street Crash of 1929
Trueblood Case Analysis 08-9: Fraud and Illegal Acts Sean Chang‚ Billie Sayavong‚ John Hamilton‚ ACC 695M September 24‚ 2011 Background Our project team analyzed the Fraud and Illegal Acts Case (True blood Case Studies- Case 08-9)‚ which involves a questionable sales transaction made between Jersey Johnnie’s Surfboard‚ an SEC registrant‚ and Mr. Sinaloa‚ an independent sales representative of the company. As a simplified overview of the case‚ an external
Premium Auditing Financial audit Audit