Research Paper – Accountant Responsibility Introduction Accounting by definition is “The bookkeeping methods involved in making a financial record of business transactions and in the preparation of statements concerning the assets‚ liabilities‚ and operating results of a business” (The American Heritage). An accountant’s responsibility is not something that is equally split or separated by category. It is not something that can be defined easily or without a lot of research and thought. An accountant
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Healthcare Fraud and Abuse As we head into the next four years under the Obama administration‚ many Americans are hearing more and more about healthcare reform and what needs to be done to fix the ailing healthcare system. Part of the dramatic increase in healthcare costs is due to Medicare fraud abuse. Healthcare fraud is defined as making false statements or representations of material facts in order to obtain benefits or payment. Healthcare abuse is defined as practices involving the overuse
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evaluate the events that occurred prior (causes) and subsequent (outcome) to the fraud‚ and the accounting schemes employed to get the fraud done. It presents examples of companies who have used inappropriate accounting practices. Enron‚ WorldCom‚ Tyco‚ HealthSouth and Adelphia were selected for analysis because of the availability of information regarding specific events occured before‚ during and after the fraud period as well as the ethical issues involved . There is abundant literature presented
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1. Identify the fraud risk factors at Peregrine‚ especially control environment factors and the tone at the top‚ using the fraud triangle. The fraud risk factors could be identified as incentives/pressures‚ opportunities‚ and attitudes/rationalization in fraud triangle. According to the case‚ Peregrine’ control environment had an essential issue on separation of duties. In PFG‚ only Russell Wasendorf could open the real bank balance‚ which gave the opportunity to Wasendorf. Peregrine was suffer from
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Medical errors do happen and pose a huge problem in the healthcare industry. Errors in healthcare can happen because of a number of reasons. The most common is lack of communication. Communication is imperative in healthcare. Failure to communicate can lead to problems in identifying patients‚ which can lead to other more serious errors such as incorrect procedures. Another form of error comes from faulty equipment. Hospitals have had problems with defective equipment‚ and because of this injury
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several lawsuits from furious investors and created rumors about the future viability of the company. The purpose of this study is to determine the facts and critically analyze the cause and effect of Diamonds Food’s allegedly financial statement fraud and attempt to make a prediction about the future of this company. Allegations of Diamond Foods Inc.’s’ Understatement of Accounts Payable Introduction Diamond Foods’ core competency is in its innovative food packaging
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responsibility. When a medication error occurs‚ ethical issues such as a loss of human dignity‚ fidelity and beneficence also occur‚ which leads to patient dissatisfaction and mistrust. Social issues often interplay with any sort of medical error as well. Medication errors often result in damaged social relations such as the nurse-patient relationship and the healthcare system’s image. When nurses make a medication error they are obligated to report their mistake to the charge nurse‚ the patient
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Medication error is any preventable event that may cause or lead to inappropriate medication use or harm to a patient (FDA‚ 2009). Being one of the most common medical errors‚ medication errors are not a subject to take without due consideration. In 2006‚ the National Academies stated “Studies indicate that 400‚000 preventable drug-related injuries occur each year in hospitals. Another 800‚000 occur in long-term care settings‚ and roughly 530‚000 occur just among Medicare recipients in outpatient
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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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Freddie Mac Fraud Thanaphan Darnsomboon PME604 Project Financial Management National University December 18‚ 2012 Freddie Mac Fraud The definition of fraud is “an intentional deception or deceit‚ perpetrated for profit or to gain some unfair or dishonest advantage” (dictionary.com). Fraud is a breach of law and can be punishable by law. Mortgage fraud is one of the financial crimes where a company materially misrepresents or omits information on its mortgage loan documentation in order to
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