Occupational Fraud and Abuse Maia Cunningham-Fortson Concordia University Abstract What is abusive conduct? How does abusive conduct apply to occupational fraud and abuse? What if anything can be done to eradicate the behavior? Are there any methods that can be put in place to deter or prevent this conduct? What is meant by fraud deterrence being a “modification of behavior through the perception of negative consequences?” Do internal controls have an impact on deterring or modifying
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Jinnikins Jeans Formative Assignment The Assignment will be arranged in a business report format in regards to the evaluation of provided voice level for the staff at Jinnikins Jeans. This report will be in a very brief and efficient frame. The Jinnikins Jeans evaluation will take place by using relevant theories and models that is being covered in the lectures as well as some independent research. This will be in the form of books‚ journals‚ and some online sources in order to support the theories
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Case 2 Bell Jeans Berhad Bell Jeans Berhad was founded in the mid-sixties. The firm survived several lean years and economic recessions largely as the result of the market durability of its dominant product—blue denim jeans. Bell Jeans had been a market leader with "wash-and-wear‚" bell-bottom and flare jeans‚ and modern casual pants. By 2009 it was one of Malaysia’s largest clothing manufacturers. It offered a wide variety of dress and fashion jeans for both men and boys and a complete line of pants
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Comment on the 10 major steps in the fraud risk model 1. Understand the nature of fraud by identifying the factors associated with fraud that are outlined in the fraud triangle. The factors include rationalization‚ opportunity‚ and incentive (ROI). Incentive/pressure to commit fraud Fraudulent financial reporting Management compensation schemes Financial pressures to improve company’s earnings and balance sheet Personal wealth tied to either financial results or survival of company Defalcation
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profit and began his fraudulent activities. He was running false credit card charges on clients’ cards and check kiting. However‚ he was able to commit fraud on a large scale‚ when he gathered enough of a balance sheet built off fraudulent transactions. His major crimes were perpetrated against banks and investors by committing financial statement fraud. Such activities enabled him to obtain cash through bank loans and investment funds. Barry had fixed assets on the balance sheet that were fictitious
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By focusing on the relationship involving Norma Jean and Leroy‚ Mason is able to expose the reader to the rise of feminism and support for women’s labor unions that defined the lives of most women in southern society during the twentieth century. Mason echoes this movement when Leroy asks “Is this one of those women’s lib things?” (714). When Leroy refers to ‘lib‚’ he is referring to the freedom from limits or thoughts on behavior that served as the centerpiece for the growing political movements
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The development of fraud examiner/forensic accounting profession since the 2001 Enron Fraud After the Enron and WorldCom business climate‚ there came a new US federal law called Sarbanes – Oxley Act. The SOX contains 11 titles that describe specific mandates and requirements for financial reporting. It makes corporate executives more accountable for their actions. Companies invested a tremendous amount of resources‚ time‚ and effort in order to comply with the requirements. It clearly improved the
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Sales at Miniscribe Corp. grew from just over $5 million in 1982 to approximately $114 million in its fiscal year ended in 1985. The 1986 and 1987 annual reports talked enthusiastically about new manufacturing initiatives. MiniScribe’s success continued well into the first half of 1988‚ when the company seemed to be the only disk drive manufacturer in the industry to buck another slump. The improved financial results of the company were mostly fabricated‚ including fictitious shipments to boost
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Bank Official Arrested for Fraud Continuously new scandals with big businesses continue to arise in the news. A recent article published online details charges that are brought against the former president of a bank in New York. It is as though professionals do not understand that ethics are a key part of business practices and will lead to having a successful business. How one should and does act in business situations is as important as the legal aspects of business. The Park Avenue Bank
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research the following case: Robert Ray Courtney‚ a former pharmacist‚ who owned and operated the Research Medical Tower Pharmacy in Kansas City‚ Missouri. 2. Provide a detailed account of the key facts surrounding the case. Make sure to include the following: a. Case background b. Biographical description of the defendant and his company 3. Using information from the Internet and other credible sources identify and discuss the criminal and contractual aspects of the case. He was once a
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