it generates ninety nine percent consciousness among professional accountants and to promote an ethical culture with listing the five Fundamental Principle of Professional Ethics and lay down some threats to principles with its Conceptual Framework which leading to the independence enhancement of auditors (IFAC‚ 2009) [online]. The principle-based ethical code is significantly encourages that EAs to exert ethics and independence in their thinking and behaviors‚ and it is optional to be performed
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commit fraud because of financial pressures‚ vices‚ or because of work-related pressures. As well‚ perpetrators of fraud can be motivated by a perceived opportunity to commit fraud and the ability to rationalize that what they are doing is not wrong. Their motivations are usually combined into the fraud triangle of perceived pressure‚ perceived opportunity‚ and rationalization. 3. The fraud triangle includes three elements that almost always must be present in order for someone to commit fraud: a
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Since the dawn of time‚ the earth has provided protection and nourishment to its inhabitants; the ozone layer providing protection from the sun’s harmful rays‚ the vast forests providing oxygen and shelter‚ the rivers and oceans providing life sustaining water. Until the industrial age‚ man’s relationship with his environment had been a beneficial one‚ in which only what was needed‚ was taken. However‚ with the advent of technology and machines‚ mankind has slowly sunk deeper into the recesses
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Regulatory Agency Michelle Grubb HCS430 June 3‚ 2013 C. Darnell Stroble‚ Esq. Regulatory Agency The role and responsibility of the U.S. Food and Drug Administration (FDA)‚ most importantly‚ is to uphold the laws dictated by the government concerning products that include drugs‚ medical products‚ food‚ and non-health related products and to protect and promote public health across the country. This essay focuses on several aspects of the FDA‚ from the role of the agency and its effect
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Corporate Fraud Foxconn Technology Group Background Foxconn Technology Group‚ subsidiary of Hon Hai Precision Industry Co.‚ Ltd.‚ which is the manufacturer targeting on electronic products like PC components‚ is founded by Terry Gou. First founded in Taiwan‚ Foxconn started to establish factory in Mainland China in 1988 and then expands its business very quickly. As the world’s largest manufacturer targeting on contract electronics‚ its clients are all over the world‚ including American‚ European
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The Fraud of the Century: The Case of Bernard Madoff Bernard Madoff was a creditable man that people trusted him with their money because “he created an image of power‚ trust and responsibility.” (Ferrel‚ 2013‚ p. 416) He was able to scam and scheme his investors from the early 1990s up until December of 2008 when his Ponszi scheme was discovered. Over the course of a decade he was simultaneously running a legitimate business and earned his investors’ trust because he didn’t make
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HRMT 407 Pay for Performance Positive or Pitfall? Andrew Ray In an ever changing economy where competition to perform at the highest levels is required for individuals and companies to succeed‚ how are companies to ensure that they hire‚ promote‚ as well as retain the highest quality employees? One method of enticing employees to perform at the highest levels is the theory of Pay for Production. The basic concept is to offer employees the ability to increase their salary by meeting and or exceeding
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Memorandum University of Phoenix DATE: October 7‚ 2013 TO: Tammy Johnson FROM: xxxxxxxxxxxxxxx RE: Sarbanes-Oxley Can Fix Government Retrieved on 10/5/2013 from: http://www.americanthinker.com/2013/05/sarbanes-oxley_can_fix_government.html ARTICLE SYNOPSIS The recent events in the news pertaining to the government shows that there is a problem and that a reform is needed in the near future. The things happening in the governments shows that they are becoming a bigger entity
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coercion‚ fraud‚ undue influence‚ misrepresentation and mistake. Without free consent‚ the contract can be voidable or void‚ depending on the circumstances. English | BM/Mandarin | Example | Effect on contract | Coercion | | | | Fraud | | | | Undue influence | | | | Misrepresentation | | | | Mistake | | | | 3. Difference between fraud and misrepresentation: Fraud (Section 17 of Contracts Act) | Misrepresentation (Section 18 of Contracts Act) | Fraud involves intention
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MEDICARE FRAUD Bobby Brown Colorado Technical University Medicare Fraud occurs when someone intentionally falsifies information or deceives Medicare (www.medicare.gov). Strike force accused ninety-four people across the U.S. The charges are based on several fraud schemes including Physical Therapy schemes‚ Healthcare schemes‚ HIV infusion schemes‚ and durable medical equipment schemes (Long-Term Living‚ Aug.2010‚ vol.59 issue 8‚ p10-10‚8/9p). These schemes exceeded $225 million in false
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