Company”) Dear Sir/Madam‚ ERRATA TO THE ANNUAL REPORT 2010 With reference to Mamee’s Annual Report 2010 which was sent to you on 2 June 2011‚ the Board of Directors of the Company wishes to inform that there are typo-errors on the page numbering of the notes to the financial statements which appeared on the first paragraph of the Statement by directors and the Independent auditors’ report to the members on pages 55 and 56 respectively of the Annual Report 2010. After amendment (which is underlined)
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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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Analysis on Credit Card Fraud Detection Methods 1 1 S. Benson Edwin Raj‚ 2A. Annie Portia Assistant Professor (SG)‚ P.G.‚ 2Scholar Department of CSE Karunya University‚ Coimbatore counter the credit card fraud effectively‚ it is necessary to understand the technologies involved in detecting credit card frauds and to identify various types of credit card frauds [20] [21] [22] . There are multiple algorithms for credit card fraud detection [21] [29]. They are artificial neural-network models which
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Michael Anderson‚ # 0369824 Professor‚ Darrell Thompson Introduction to Business‚ BUSI 1301-61002 November 8‚ 2013 CASE STUDY THREE 1. Outline three ways that you think Terra Lycos could help other businesses create opportunities for themselves using the Internet. a. Taking a lesson from Lycos Network. Forming alliances with other Internet companies seems to be a lucrative endeavor. Not only has it saved them in the struggle to stay afloat in the competitive online business
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Case Study 2 – Internal Control The following are the internal control requirements a company who wants to go public needs to be put into place. INTERNAL CONTROL REQUIREMENTS Management’s Assessment Section 404(a) of the Act and the related rules adopted by the SEC require management to assess the effectiveness of the company’s internal control over financial reporting as of the end of the company’s most recent fiscal year‚ and to state in the company’s annual report whether the company’s internal
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Chapter 1--The Nature of Fraud MULTIPLE CHOICE 1. One way that criminal law differs from civil law is that it: a. | Provides remedies for violations of private rights. | b. | Must yield a unanimous verdict. | c. | Can have a jury of fewer than 12 persons. | d. | Allows for various claims in one action. | ANS: B | Feedback | A | Incorrect. This is a characteristic of civil law; criminal law deals with crimes against the public. | B | Correct. Criminal trials must
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From reading the article “Widespread Nature of Chapel Hill’s Academic Fraud is Laid Bare‚” I’m not really surprised at what went on. I don’t see stuff like this going on in my high school but I know in some places it does happen‚ but it’s never brought to attention. In this case as a student there’s not much I would do. From my understanding Ms. Crowder‚ and Mr. Nyang’oro are the ones that persuaded the students to take those “fake classes.” Do I believe if this were to happen at my school‚ would
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Pre-MBA/MSc Programme UNIVERSITY OF BATH CASE STUDY ANALYSIS THE WASHIONGTON OPERA: THE “HIGH-GROWTH WORLD-CLASS” STRATEGY EVALUATION Team Members: Arin‚ Cathey‚ Erica‚ Kai Word counts: 2181 Contents Abstract…………………………………………………………………….…...2 Introduction…………………………………………………………………….3 Background…………………………………………………………………….3 Methodology……………………………………………………………………4 Findings…………………………………………………………………………4 Recommendations……………………………………………………………...10 Conclusion………………………………………………………………………11
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What is Welfare Fraud and who’s paying the price? What is Welfare Fraud and who’s paying the price? Welfare fraud is misuse of various welfare programs; the people who suffer the most from this are the ones who should get benefits but can’t because there is no more funds available and the taxpayers who pay for it. Basically fraudsters withhold certain information or provide inaccurate or false information to receive benefits. The three most common types of welfare fraud are purposely providing
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FRAUD VS. ILLEGAL ACTS WHAT IS THE AUDITING DEFINITION OF FRAUD AND ILLEGAL ACTS? DEFINITIONS Fraud: Fraud is an intentional act that results in a misstatement in financial statements that are the subject of an audit (AU-C 240.11) ILLEGAL ACTS: Illegal acts‚ in the context of auditing‚ is referred to Noncompliance. Noncompliance is “acts of omission or commission by the entity‚ either intentional or unintentional‚ which are contrary to the prevailing laws or regulations‚” AU-C 250.11
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