Apollo Shoes‚ Inc. Potential for Fraud Memo September 24‚ 2014 There are a few “red flags” that have come to my attention while reviewing the minutes provided to me from Apollo Shoes‚ Inc. For starters‚ in our first meeting we requested to meet with the predecessor‚ and was told by Mr. Unum who is the Vice President of finance‚ they would rather we not speak to them. When a company refuses to have the current auditor speak with the previous auditor this always throws up a red flag. Another red
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ACC 461 Auditing Financial Statement Fraud: Lessons from the ZZZZ Best Case The video “Cooking the Books” discussed the ZZZZ Best case of fraud‚ it tells how and why fraud was perpetrated by Barry Minkow and why it was undetected for so long. According to the video‚ ZZZZ Best was founded by Barry Minkow in 1982; when he was sixteen years old‚ it started as a carpet cleaning company. But‚ due to high competition in the industry‚ low entry barriers‚ and bad internal control‚ this young entrepreneur
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Introduction Social welfare is the societal institution responsible for providing assistance to those in needs. This term was used in a narrow sense to refer to social security and social service like CSSA; elderly assistance etc that provided by the government and it also serves the interests of the society and works for people’s well-being. However‚ in this essay‚ the term ‘social welfare’ has a broader sense that it means the welfare people supposed to have. This essay will comment on the development
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or fraud in the medical field? Cite examples. There are many way to spot a scam or fraud in the medical field. Medical frauds range from people posing as doctors and practicing without a license‚ to useless supplements‚ worthless or dangerous diet aides‚ fake medicines and cures for cancer. Making good health decisions is hard and sadly some immoral people make it even more difficult by attempting to deceive and cheat the sick. Not everyone knows enough about medicine to spot a medical fraud or
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Burning Down the House: Mortgage Fraud and the Destruction of Residential Neighborhoods Ann Fulmer March 2010 DRAFT Burning Down the House: Mortgage Fraud and the Destruction of Residential Neighborhoods Mortgage fraud is bank robbery without a gun. 1 It is a high-yield‚ 2 low risk enterprise that has been reported in all 50 states‚ Puerto Rico‚ Guam‚ American Samoa‚ 3 Canada‚ 4 New Zealand‚ 5 Australia‚ 6 and England. 7 In the United States‚ it is committed by organized international and domestic
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Case Study1: And the Fraud Continues A business can not work out without an account system‚ which includes internal. Internal controls are used by companies to make sure financial information is accurate and valid. Strong internal controls are signs of a financially healthy company and protect the company’s integrity. Strong internal controls can also increase a company’s profitability. There are several types of internal controls
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Bernie Madoff Fraud Case Bernie Madoff Fraud Case Introduction One of the largest fraud cases of all times is that of the “Bernard Madoff Case.” According to Armstrong (2008)‚ “for a number of years Madoff managed to lure billions of dollars away from huge charities‚ as well as wealthy individuals in both the United States and Europe by getting them to invest in his hedge fund. This he did by offering extraordinary returns to investors‚ until his scheme eventually reached a staggering $50
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Ethics Creature Welfare is the position that animals should be treated humanely. This includes proper housing‚ nutrition‚ disease prevention and treatment‚ responsible care‚ proper handling‚ and humane euthanasia. Creature Rights is the position that creatures should not be exploited. Some believe that creatures should not be used for food‚ clothing‚ entertainment‚ medical research‚ or product testing. This includes the use of animals in zoos‚ circuses‚ rodeos‚ and even as pets. They believe
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RSPCA Since 1824 The Royal Society for the Prevention of Cruelty to Animals was founded. It has been up and running since. The men at the time‚ who were creating this aid organization‚ knew that it was the world’s first animal welfare charity. The organisation was actually established in a coffee shop in London. There first focus was ‘Pit Ponies’ who were ponies that worked in the coal mines. Workers were not keen on fashion especially when it was to do with animals. In 1898‚ Venezuela (South America)
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The Push for Drug Testing of Welfare Recipients United States lawmakers face one of the most pressing issues of our time-welfare reform. New screening processes‚ often considered a direct violation of constitutional rights‚ have already been enacted in many states. Strong evidence exists‚ asserting that the practice of administering drug testing to welfare recipients will cost the U.S. taxpayers more money in the long run‚ stigmatize applicants and participants‚ and serve only the purpose of making
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