Proactive Fraud Auditing End of Chapter 4 in Albrecht FRAUD DETECTION Recognizing the Symptoms of Fraud Identify Risk Exposures Proactively Look for Symptoms & Exposures 1 2 Actg 537 Identify Fraud Symptoms for Each Exposure 3 4 Investigate Identified Symptoms Symptoms of Fraud What are some irregularities in source documents to look for? Missing Documents Payee Names & Addresses = Employee “Stale Items” on Bank Items” Reconciliation Excessive Voids or Credits
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Tort and Regulatory Risks This paper will address preventative‚ detective‚ and corrective measures for a company to manage regulatory risks. We will also review common business torts that occur in many businesses today. According to Jennings: Tort comes from the Latin term tortus‚ which means “crooked‚ dubious‚ twisted.” Torts are civil wrongs‚ actions that are not straight but twisted. This paper will also describe specific measures to manage torts and other regulatory risks that are identified
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Association of Certified Fraud Examiners; conducts comprehensive fraud studies; Report to the Nation on Occupational Fraud & Abuse * Fraud - deception that includes: a representation‚ about a material point‚ which is false‚ and intentionally or recklessly so‚ which is believed‚ and acted upon by the victim to the victim’s damage. Fraud is an act of dishonesty with the intention to deceive or cover the truth to gain an advantage. Most critical element: confidence. Fraud can be classified as (in
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Ethics Report Etymology of Social From Middle French social‚ from Latin sociālis (“of or belonging to a companion or companionship or association‚ social”)‚from socius (“a companion‚fellow‚partner‚associate‚ ally”)‚ from sequor (“follow”). Meaning "living or liking to live with others‚ disposed to friendly intercourse" Etymology of Ethics The word ethics come from the Greek word “ethos” which means custom. The Latin word for ethics is “mos”‚ from which “moral” and “morality” have sprung
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corporations outline Georgetown University Law Center Prof. James V. Feinerman Fall 2012 I. Agency‚ Partnership and Limited Liability Companies 1 AGENCY Agency is a fiduciary partnership that results from the manifestation of consent by one person to another that the latter shall act on the former behalf & subject to his control‚ & consent by the latter so to act. E.g. Shareholders (principals) – officers (agencies). Principal: Has power to dictate how the agent will
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Requirements Gathering 101 By Duncan Haughey‚ PMP Requirements gathering is an essential part of any project and project management. Understanding fully what a project will deliver is critical to its success. This may sound like common sense‚ but surprisingly it’s an area that is often given far too little attention. Many projects start with the barest headline list of requirements‚ only to find later the customers’ needs have not been properly understood. One-way to avoid this problem is
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Chap 12 Pay for Performance and Financial Incentives Motivation‚ Performance‚ and Pay Incentives Financial rewards paid to workers whose production exceeds a predetermined standard. Individual Differences Law of individual differences The fact that people differ in personality‚ abilities‚ values‚ and needs. Different people react to different incentives in different ways. Managers should be aware of employee needs and fine-tune the incentives offered to meets their needs. Money
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Chicago White Sox and their involvement in the Black Sox Scandal of 1919. Transition: First of all‚ I will give you some information about the team involved in the scandal. I. The White Sox are a baseball team founded in Chicago‚ Illinois. a. They were founded in 1900. d.ii. Due to struggles with the manager the whole team began to struggle to get along.
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Define regulatory arbitrage. Briefly discuss the new capital buffer requirements proposed under Basel 3. Regulatory Arbitrage This is a practice whereby firms capitalize on loopholes in regulatory systems in order to circumvent unfavourable/unprofitable regulation. Arbitrage opportunities may be accomplished by a variety of tactics‚ including restructuring transactions‚ financial engineering and geographic relocation. For example‚ a company may relocate its headquarters to a country with lower tax rules and favourable regulatory policies to
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Log book: The particular Sadness of Lemon Cake Chapters 1 – 5‚ pp. 3 – 36 Characters Maincharacter‚ Rose Edelstein friendly open-minded mature sensible honest worried about her family when she discovers her gift and knows the feelings of her mother describes her mother’s emotions as hollowness‚ emptiness and sadness her grandma says she is clingy Brother‚ Joseph Edelstein individual person keeps kind of a distance to his family and everybody else „Keep Out“-Sign on his door
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