had the opportunity to perpetrate the fraud. Basically‚ she initiated‚ signed vouchers and disburse vendors’ payments. She also let the accounting department about the opening and closure of accounts. Furthermore‚ she had the bank account from the company and used for personal expenses. If the necessary internal controls would have been in place this fraud would have been avoid. She had the opportunity to commit fraud. There are many ways that his fraud can be detected. The audit team can ask
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I’m going to analyze an extract from a play "The man of destiny" by George Bernard Shaw‚ an Irish playwright‚ who was mostly talented for drama. He wrote more than 60 plays. Nearly all his writings are devoted to the social problems‚ but have a vein of comedy which makes their stark themes more palatable. The fact of his being the only person to be nominated both a Nobel Prize in literarture and an Oscar proves him to be a very talented person. "The man of destiny" is a drama and drama is a kind
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Accounting Fraud at WorldCom Vanessa Gail Woods Strayer University Connor-Green/ACC 576 March 21‚ 2010 Accounting Fraud at WorldCom The break up of AT&T opened the long distance service market to small companies during the mid- to late-1980s and 1990s. Long Distance Discount Service (LDDS) opened in 1983 with moderate growth until its stock went public in 1989. CEO Bernie Ebbers decided to grow the organization through acquisitions (70 companies over the course of its lifetime)
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On December 18‚ 2014‚ President Barack Obama signed an executive order establishing the Task Force on 21st Century Policing. The goal of the task force was to identify the best practices and also offering the best recommendations on how police practices can promote effective crime reduction while building public trust. The force held 5 listening sessions in Phoenix‚ Washington D.C.‚ Arizona‚ Ohio‚ and Cincinnati which brought 11 members of the task force together with more than 100 individuals from
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Fraud Risk Memorandum This memo is to determine potential fraud risks that may exist within our client‚ Apollo shoes. There are reasons to believe that potential fraud risks do exist‚ however these risks are only hypothetical‚ but will be tested to assure users that Apollo’s financial statements are fairly stated. First‚ the client’s prohibition of contacting the predecessor auditor is considered a red-flag. The importance of the predecessor’s working papers and comparative work would make completing
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In the early eleventh century‚ Turks also known as nomadic Muslims moved from Central Asia. The Turks slowly started taking over west then‚ started taking over the south starting the crusades. Acrobatiq (2014).Eventfully the Turks moved into the Holy Land and Jerusalem. The Greek Emperor Alexius didn’t like the idea of the Turks taking over‚ so he went and discussed it with Pope Urban II. The Pope wanted to form a army to fight against the Muslims and take back the holy land. This is when the armies
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Car insurance fraud is of late becoming a very big problem not just in US but also in countries like Britain and those in the European Union. The sad thing is that most of these insurance fraudsters are becoming more and more cunning and creative with each passing day which makes it very difficult to nail them. It is now not surprising for insurance buyers to stage car accidents and then make claims for either personal injury or car compensation. Someone may also be cunning enough to craft out a
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Occupational Fraud and Abuse Maia Cunningham-Fortson Concordia University Abstract What is abusive conduct? How does abusive conduct apply to occupational fraud and abuse? What if anything can be done to eradicate the behavior? Are there any methods that can be put in place to deter or prevent this conduct? What is meant by fraud deterrence being a “modification of behavior through the perception of negative consequences?” Do internal controls have an impact on deterring or modifying
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Employee Fraud and Purchasing Department There is a phenomenon in middle/small size companies in China that purchasing agents of the companies collaborate with vendors to create fake receipts‚ in order to receive more reimbursement from the company. This also happened in the hospital I used to work for‚ where the purchasing agent had to buy food from different vendors for everyday dinning purpose. The fraud got exposed when one day a vendor called us and revealed the fact that
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The article that I was read is called‚ The wild schemes people will use to commit tax fraud‚ written by Matt Pearce. The article talks about schemes that people use to get out of paying their taxes and crimes commit with tax fraud. The main purpose of this article is to show that tax fraud is a massive problem in the United States and there are consequence to face for committing the crimes.The article starts off by introducing Michael D. Brandner‚ an Alaskan plastic surgeon with a wife‚ who filed
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