ENRON CORPORATE FRAUD (2001) Submitted by: AMIT SHARMA PGDM (016)/09-11 What is FRAUD? In the broadest sense‚ a fraud is an intentional deception made for personal gain or to damage another individual. The specific legal definition varies by legal jurisdiction. Fraud is a crime‚ and is also a civil law violation. Many hoaxes are fraudulent‚ although those not made for personal gain are not technically frauds. Defrauding people of money is presumably the most common type of fraud‚ but there have
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types of fraud have occurred since the 1800s. As the economy fluctuates‚ many people and organizations believe they must commit fraud in order to have financial gain. Organizations and individuals must understand fraud and the types of fraud‚ in order to protect themselves. There are professionals trained that have received anti-fraud certification in order to fight against fraud. The anti-fraud professional assist companies and individuals in order to detect fraud. Theses anti-fraud specialists
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Accounting Fraud Case Review the SEC’s case against Waste Management in order to answer the following questions: What were the incentives for committing the fraud? What was the relationship between management and the auditors? Why didn’t the auditors prevent the fraud? What (specifically) accounting methods were used to fraudulently inflate Waste Management’s profits? What accounting methods did they use to try to conceal part of the fraud? What were the financial and social costs of the fraud and
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AUTOMATIC FACE RECOGNITION INTRODUCTION: A facial recognition system is a computer application for automatically identifying or verifying a person from a digital image or a video frame from a video source. One of the ways to do this is by comparing selected facial features from the image and a facial database. It is typically used in security systems and can be compared to other biometrics such as fingerprint or eye iris recognition systems. Final template TRADITIONAL TECHNIQUES:
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Case 1.9 ZZZZ Best Company‚ Inc. Delta. Describe the elements of the Fraud Triangle that apply to this case. Assume you are the perpetrator. Is there a better way to perpetrate this fraud? If there is‚ describe your method. Specify practical recommendations for the client to prevent this fraud from occurring in the future. The first element of the Fraud Triangle in the case of ZZZZ Best‚ case 1.9 is Incentives/Pressure. Incentives/Pressure- As a result of the pressure placed on a person who
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CHAPTER 2: RELEVANT REVENUES AND COSTS The primary goal of a firm is to maximize profits. This implies‚ of course‚ that each decision a manager makes is consistent with that goal. Although managers are expected to rely on internally-produced reports‚ such as balance sheets and income statements‚ to help them make decisions‚ most of the information that appears on these statements is period-based rather than decision-based. A balance sheet shows the sum total of a firm’s assets and liabilities
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A Miller Prof. Gould ENG 262 12-3-11 Recognition and Reversal: Othello Aristotle classifies both recognitions and reversals as the greatest point of tragedy in a play or story. Recognitions and reversals are consistently used to develop character‚ advance the plot‚ and get a reaction of pity and fear from the audience. Recognition is the act of realization or knowledge or feeling that someone or something present has been encountered before. Reversals
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“Thoughts” on Redistribution and Recognition The ideas of redistribution and recognition by Fraser‚ really intrigued me to further my thoughts on these concepts. Fraser explains that recognition can be a cultural group looking for recognition of difference whereas redistribution is classified as a transfer or reduction of socioeconomic classes. This made me wonder‚ does redistribution include a progression of taxes according to income? If this is true‚ I can see a strong indication of how this
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Pattern recognition is a useful tool for mathematics‚ mathematical visualization‚ and art. After a brief description of Bongard’s methodology in the field of pattern recognition‚ the author introduces the concept of colour modularity and evaluates how it affects pattern recognition classification. Combining Bongard’s methodology and colour modularity‚ the author attains a richer‚ more persuasive dynamic in pattern description and recognition of five- and ten-pointed star polygons.". Keywords: pattern
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said Jackie Fenn‚ a Fellow in emerging trends and technologies for Gartner‚ a market research firm. GESTURE-RECOGNITION TECHNOLOGY In the early 1960s‚ users could move a light-emitting pen to control the Sketchpad computer-aided design system. Several subsequent commercial systems also worked with light-emitting pens. Research into camera-based computer vision for gesture recognition began in earnest in the early 1990s at places such as the Massachusetts Institute of Technology Media Lab‚ Japan’s
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