accountants were used by government agencies‚ such as the CIA‚ the FBI and the IRS‚ to uncover and investigate fraud” (Ramaswamy‚ 2005‚ p. 2).With the recent economic downturn the profession of forensic accounting has seen a 200% increase since the Enron and WorldCom accounting scandals (Davis‚ Farrell‚ & Ogilby‚ 2009). In 2009 Davis‚ Farrell and Ogilby
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The presences of computer and internet have become increasingly importance in our daily life. Our society is seen greatly entangled with computers and internet connections in a multiple ways range from rapid communications‚ banking and monetary transactions‚ public administration‚ social networking‚ information and data sharing‚ sales and purchase of goods and a vast array of business activities and much more. Many of us would be in big difficulty if found suddenly without computers. While overwhelming
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person who would commit this crime would be someone that a person would least expect on doing this. They’re many types of white collar crime. There is: Bank Fraud Blackmail Bribery Cellular Phone Fraud Computer Fraud Counterfeiting Credit Card Fraud Currency Schemes Embezzlement Environmental Schemes Extortion Forgery Health Care Fraud The list goes on and also the way for a person to scheme someone is more. You can check it up on one of my sources (http://www.ckfraud.org/whitecollar.html
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1. Advantage and disadvantage of internet Advantages of the Internet * · Faster Communication The Internet has been mankind’s greatest means of communication yet. Newer innovations are only making it faster and more reliable. * · Abundant Information Resources The Internet is a treasure trove of information; which offers knowledge on any given topic under the sun. Search engines make information accessible on various subject matters such as‚ government law and services
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SYSTEM SUPPORTING MONEY LAUNDERING & FRAUD DETECTION Nithun Ajeeth.K & Senathipathi.R Department of Banking Technology‚ Pondicherry University‚ India ABSTRACT Money laundering is the big problem which is getting even more complex than before. The designing the system for prevention of money laundering and fraud detection is a complex task since money launderers have kept pace with the changing times‚ becoming more technically adept than ever‚ making the existing systems more vulnerable to
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Ethical Dilemma in the Medical Field: The Hippocratic Oath vs. Fraud Diana C. Riojas Arlington‚ Texas Ethical Dilemma in the Medical Field: The Hippocratic Oath vs. Fraud Abstract With Healthcare being one of the most regulated industries in the United States‚ it is still plagued by fraudulent doctors‚ business people‚ nurses etc. and defrauding the United States Government out of millions to billions of dollars. Somehow‚ the individuals who defraud the Government rationalize their decisions
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recognize there are some disadvantages as well. Much like any other technical or mechanical advancement there are drawbacks or risks that need to be mitigated in order to enjoy the positives. Here are a few of the disadvantages of the Internet: *Fraud and Theft Fraud and theft is the largest complaint consumers have about the Internet. These cyber crimes impact individuals and organizations and causes serious damage in society. Lurking across the dark corners of the web are identity thieves‚ embezzlers
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What constitute Tax crimes? A taxpayer committing an act “willfully.” In proving tax fraud the IRS looks for behaviors that determined the taxpayer’s willful intent‚ and conducts that may determine illegal tax evasion such as the existence of a tax deficiency and an affirmation of an attempted evasion. To be prosecuted for tax crime requires a “men rea”‚ which refers to the intent of the individual. IRS needs to prove the evidence surrounding someone’s intent to tax evasion or in evading the legal
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Summary of the issues in the DHB Industries‚ Inc. case study. Background: DHB Industries‚ Inc. ("DHBI") case study concerns an accounting and financial reporting fraud. DHBI made protective body armour for the US military. The former CEO of DHBI‚ David Brooks ("DB")‚ misrepresented DHBI’s financial statements‚ mislead the independent auditors in order to conceal his fraudulent transactions and he misappropriated DHBI’s assets and funds for personal expenditures. Main Issues: (1) Weak corporate
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Conflict on a Trading Floor The details of this transaction In this case study‚ the action takes place on the trading floor when Poseidon Cruise Lines wants to finance the construction of a new cruise ship that will be built by a French shipyard. The shipyard required payments in francs which created currency risk for Poseidon. Linda‚ a top salesperson‚ was assigned this transaction. She had developed a close relationship with the chief financial officer and treasurer over a year and a half of
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