Insurance Fraud A gang of Russian crooks ran a record-setting‚ $279 million fraud that exploited New York’s “no-fault” auto –accident law‚ authorities said 2/29/12. The gang worked with corrupt doctors to set up more than 100 phony medical clinics across the city. There‚ they generated fake bills for the treatment of “injuries” that “ranged from wild exaggerations to outright fabrications‚” Manhattan US Attorney Preet Bharara said. The fraudsters took advantage of the “patient-friendly provisions”
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HealthSouth Corporation Case Study By Robert H. Barr‚ Jr. - © 2012 In 2002‚ HealthSouth Corporation was one of North America’s largest outpatient surgery‚ rehabilitation and diagnostic imaging companies. HealthSouth had over 1800 facilities in all 50 states plus the United Kingdom‚ Australia‚ Puerto Rico‚ Canada and Saudi Arabia. In 2002 HealthSouth had over 50‚000 people on staff in sales revenues in excess of $4 billion per year. HealthSouth worked with more than 85‚000 referring physicians
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According to the COSO framework‚ there are five elements can be applied to analyze companies’ internal control systems. They are control environment‚ risk assessment‚ control activities‚ information and communication and monitoring. Here is my research of what went wrong in internal controls during the 2008 financial crisis using exhibit 6-6 with Lehman Brothers. Control Environment Lehman Brothers has a long history. Fuld led the company tide over the difficulties several times and achieve remarkable
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Phase 2 Planning Due: 18 May 2013 Required: Given the details established in phase 1 (Instigation) and further details below you are required to prepare a 1-2 page document stating your investigative hypothesis and then deduce your strategy for proving/denying your hypothesis. Your deduction should include a table with three columns stating the information you propose to review‚ where the data would be found and what you are specifically looking for in analysing the data. Information – what
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TAYLOR’S COLLEGE AMERICAN DEGREE PROGRAM FALL 2012 SEMESTER ACCT 201 – TEST 1 QUESTION 1 (10 marks) Identify by letter the assumption or characteristic of information that best represents the situation given. (One mark for each matching) A. Corporate governance F. Liabilities B. Going concern concept G. Financial Accounting Information. C. Reliability (Objectivity) Principle H. Generally accepted accounting principles D. Stable-dollar
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February 2‚ 2010 4:10 P.M. Page 1 SECTION I INTRODUCTION TO FRAUD EXAMINATION AND FINANCIAL FORENSICS 1 Kranacher c01.tex V1 - February 10‚ 2010 3:19 P.M. Page 2 CHAPTER 1 CORE FOUNDATION RELATED TO FRAUD EXAMINATION AND FINANCIAL FORENSICS LEARNING OBJECTIVES After reading this chapter‚ you should be able to do the following: 1-1 Define fraud and identify a potentially fraudulent situation. 1-2 Differentiate between fraud and abuse. 1-3 Define financial forensics and identify an appropriate
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FRAUD FACTS Issue 12 April 2011 INFORMATION FOR ORGANISATIONS An introduction to fraud detection Fraud detection should form part of an organisation’s overall anti-fraud strategy to identify and stop new or historical fraud at the earliest opportunity. Effective fraud detection saves money and protects businesses and their employees‚ shareholders and customers. What is fraud detection? Fraud detection is the identification of actual or potential fraud within an organisation. It relies upon the implementation
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policies June 2015 Student ID:673806 Acronyms CIPFA: Chartered Institute of Public finance and Accounting DWP: Department of Works and Pension LCFS: Local Counter Fraud Specialist NAO: National Audit Office NFA: National Fraud Authority NHS: National Health Service NHS CFSMS: National Health Service Counter Fraud and Security Management Services XXXXX: XXXXX ousing Gr Table of Contents 1.Executive Summary................................................................
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ASA 240 (April 2006) Auditing Standard ASA 240 The Auditor’s Responsibility to Consider Fraud in an Audit of a Financial Report Issued by the Auditing and Assurance Standards Board Obtaining a Copy of this Auditing Standard This Auditing Standard is available on the AUASB website: www.auasb.gov.au. Alternatively‚ printed copies of this Auditing Standard are available b y contacting: Auditing and Assurance Standards Board Level 4 530 Collins Street Melbourne Victoria 3000 AUSTRALIA
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Fraud and Forensic Accounting In a Digital Environment White Paper for The Institute for Fraud Prevention Conan C. Albrecht Marriott School of Management Brigham Young University conan@warp.byu.edu Fraud and Forensic Accounting In a Digital Environment ABSTRACT This paper discusses four aspects of computeraided fraud detection that are of primary interest to fraud investigators and forensic accountants: data mining techniques for the detection of internal fraud‚ ratio analysis for
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