Assignment # 3 WorldCom Accounting Fraud By Mark A. Cowan Strayer University ACC 499- Accounting Capstone May 15‚ 2011 The purpose of this paper is to discuss the aspects of the WorldCom accounting scandal and the effects that this scandal had on the accounting world as we know it. We will discuss the corporate culture at WorldCom and how it contributed to the accounting fraud‚ how the CEO’s desire to be the #1 stock on Wall Street contributed to the fraud‚ pressures on accountants to book
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( Small Claims Procedure) 2.1 INTRODUCTION The Small Claims Procedure was set up in order to handle disputes between individuals or an individual making a claim against a business in a cheap‚ easy‚ and quick manner where the amounts of the claims not exceeding RM 10‚000.00. It had been stated under Section 92 of Subordinate Courts Act 1948 where Second Class Magistrate shall have only jurisdiction to try original actions or suits of a civil nature where the Plaintiff seeks to recover a debt or
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2013 Professor Maribel Lebron What are the five elements pertaining to the establishment of a false claim under the False Claims Act? The five elements pertaining to the establishing a false claim under the False Claims Act must determine that the claim was falsely submitted and that it was submitted knowingly. The government must establish that the individual submits the claim with actual knowledge‚ in deliberate ignorance‚ or recklessly disregarding for the claim’s falsity or truth (Cleverley
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Whistleblowing and Sarbanes-Oxley Due Artize L. Johnson Professor: Steve Harris LEG 500 Law‚ Ethics‚ & Corporate Governance 26 April 2015 According to Halbert‚ Ingulli‚ & Frey (2015)‚ whistleblowers are people who decide to report unethical or illegal activities‚ usually activities under the control of their employers. They may be working for private companies‚ nonprofit organizations‚ or for the government. A whistleblower is an individual working in an organization who decides
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The False Claims Act includes delibrate ignorance or reckless disregard to the truth. Civil penalties for false claims are up to $11‚000 for each false claim‚ plus three times the amont of damages the government sustains from each claim. Violation may also lead to exclusion from Medicare and Medicaid (or other Federal health care programs). Damages may be brought by private
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elements pertaining to the establishment of a false claim under the False Claims Act are the government must establish that the claim submitted is false and that it was submitted knowingly‚ the government must establish that the person submitted the claim with actual knowledge‚ in deliberate ignorance‚ or with reckless disregard for the claim’s truth or falsity‚ the claim was against a department or agency of the United States and if the claim was material. Privacy Standards were designed to accomplish
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Compensation Claim Is Denied If you have been injured on the job and cannot work‚ you have likely filed a claim for workers’ compensation. If you have been denied this claim‚ don’t panic. There are‚ however‚ a few things you should know. There are many reasons a claim is denied Workers’ compensation claims are routinely denied. Sometimes it is just a simple case of not supplying the proper documentation or filling out a form correctly. Another issue may be that your employer is fighting the claim. You
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Author Safian defines the False Claims Act “law specifically forbids the transmission of claims with the intention of gaining reimbursement under false conditions” (Safian‚ 2009). This means that when a claim is submitted with false information to increase reimbursement it violates the False Claims Act. This behavior also can be identified as intentional and will be considered as fraud. There are heavy consequences for violating this Act and the behavior associated with violation should not be
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Business Ethics Title of Assignment: Term Paper Whistle Blowing This assignment was done in partial fulfillment of the requirements of the Finance Major course (BBA 4) Term paper (GROUP ASSIGNMENT) THE PAPER WILL REQUIRE SOME RESEARCH AND CRITICAL REFLECTION ON WHAT HAS BEEN COVERED IN THE LECTURES AND TUTORIALS. The term paper will be on a topic of interest to the student‚ but requires the approval of the tutor. You may choose a topic from current issues in the news‚
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Alaska at the time Jack Conroy left his town to search for his dead father’s gold claim with his friend Alex Larson. During the gold mining seasons‚ many men went and searched for gold. Jack couldn’t go to his father’s claim alone so he teamed up with Alex to find what’s rightfully his. There were snow on every rock‚ tree‚ and ground he looked at. The plot of White Fang was for Jack Conroy to find his father’s claim with his friend Alex Larson. And also to overcome any dangers they might come upon
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