newspapers are filled with stories of fraud and financial shenanigans. It has become daily occurrence that frauds of high profile cases break out and become headlines. Case after case has become routine. The shocking publicized financial scandals have shaken the underpinnings of our economic system. In the recent years there is enormous increase in occupational fraud. We have witnessed that our national enterprises have disclosed millions of rupees in financial fraud. Millions of rupees of public money
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Reynoso‚ Rheyniel Manaog January 6‚ 2014 Forensic Accounting/AIA1010/EB-301/7:30-9:00 Professor Dorega 2010244321 Part 1 Mr. Manuel V. Pangilinan has been a director of PLDT since November 24‚ 1998. He was appointed as Chairman of the Board of PLDT after serving as its President and CEO from November 1998 to February 2004. He is the Chairman of the Governance and Nomination‚ Executive Compensation and Technology Strategy Committees of the Board of Directors of PLDT. He
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Summary of Tan Sri Eric Eng Hock cases Tan Sri Eric Chia Eng Hock or commonly known as Eric Chia is a millionaire in Malaysia ad is a former chairmain of Perwaja Steel. In June 2007‚ Chia discharge committing criminal breach of trust 13 years ago when embezzling money from the company of Perwaja Rolling Mail and Development Sdn Bhd of RM $76.4 million at 19 February 1994 when was the Managing Director. In his cases‚ Perwaja Rolling Mill and Development Sdn Bhd in Kuala Lumpur instructed American
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Running Head: Global Economic Crisis: Causes and Consequences Global Economic Crisis: Causes and Consequences Customer Inserts His/her Name University Name Introduction: The current economic crisis had been persistent for many years. However‚ the frequency of such economic and financial crises has doubled its rate and could be compared to the era of Great Depression. This recession is often distinguished by several
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To what extent were the consequences of WWI the causes for WWII At the end of World War One‚ Europe was left in a devastating state‚ four major empires disappeared and the economy was profoundly damaged. The first global war had taken place and fear of a second one was strongly felt across the continent. In order to bring political order to European politics and to prevent such a catastrophe from ever happening again‚ the Paris Peace Settlement took place. The outcomes were the signing of the
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to resign. One of the political consequences was that Mao wanted to reassert himself and regain power in China after he was demoted because of the failure of the Great Leap Forward. Mao had the gained the support of Lin Biao and the PLA therefore launched the Cultural Revolution. Mao wanted to get rid of anti communist ideas and opposition that would pose a threat to his leadership and foreign ideas that would influence the people of China. As a long-term consequence of getting rid of anti communist
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Waste Management 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
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What are the causes and consequences of the population growth? What are the solutions? Population growth is one of the biggest threats to the planet and to humanity. Nowadays people in the world have around 6‚845‚609‚960. If we compare to the last 50 years ago the increasing of population growth is stayed on the top highest level that made all people around the world caring about. First I will show you about the cause‚ then I will list the consequence‚ finally I will tell you how we can find
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warranty expense by $60‚000. The present estimate of warranty expense is $500‚000 and is known by both Brickhouse and Boudreau to be a fairly "soft" amount. Identify possible causes of action. -Brickhouse is acting unethically. His action serves only his self-interest‚ self review and has no clear basis in proper accounting procedures‚ so ignoring the familiarity with brickhouse ‚the controller‚ Louise Boudreau‚ should not manipulate net income in view of any compensation plan the company may have
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The causes and consequences of ever-increasing international consumerism According to Noreene Janus in his article “ Cloning the Consumer Culture”‚ transnational corporation makes it possible that countries of different areas have access to other tangible goods and intangible values‚ which provides premise of the materialism that widespread the world. For example‚ you will not shock by the westernization in Asia or Africa. One one hand‚ we can’t deny the benefits that international consumerism
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