Overview: An e- fraud is considered to be an electronic crime that affects not only individuals businesses and governments but also allows for very negatively intelligent people and hackers to use their intelligence to log into other’s accounts use their credit card numbers and banking password and transact huge amounts of trade and money . it has been seen that e fraud is on the increase and this is because of the low levels of awareness‚ the inappropriate counter measures that are ineffective
Premium Electronic commerce Consumer protection Fraud
Corporate Fraud: Case Studies in Detection and Prevention Fraudulent financial reporting‚ corruption‚ and misappropriation are often investigated by the internal audit department. Because these types of crimes can be the source of large losses‚ security professionals would do well to familiarize themselves with how they are carried out and how they can be detected. Corporate Fraud provides a clear window into that world. Author John D. O’Gara was the director of internal audit at a Fortune 500
Premium Fraud Real estate Case study
RM530 million Transmile accounting fraud – how Liong Sik is to assume responsibility as Chairman? Former MCA President and Cabinet Minister‚ Tun Dr. Ling Liong Sik was quite active in the past month‚ as a search with The Star archives would produce eight news items featuring him‚ including one today at the ceremony at the Universiti Tunku Abdul Rahman (Utar) campus in Kampar yesterday planting a Blue Pine tree. But he has been very reticent on what has been described as the biggest accounting and
Premium Accounting scandals Fraud Malaysia
BUSINESS VALUES AND ETHICS ASSIGMENT: FRAUD AND CORRUPTION TABLE OF CONTENTS Introduction……………………………………………………………...3 Ethical issues………………………………………………………….....3 Impact on organization………………………………………………....3 Measures to be enforced………………………………………………..4 References………………………………………………………………6 INTRODUCTION Fraud and corruption is one of the biggest issues
Premium Ethics Business ethics
Introduction: According to figures from the US Coalition Against Insurance Fraud‚ the cost of claims fraud in the US alone in 1995 amounted to US$ 85.3 billion‚ which equates to a cost of US$ 326.47 for each American citizen. Research by the Rand Institute for Civil Justice in the US revealed that over one third of people injured in vehicle accidents exaggerated their symptoms‚ which adds US$ 13-16 billion to the annual US insurance bill. Figures from the pan-European trade association‚ the Comité
Premium Insurance
end-user data and metadata (Coronel‚ Morris‚ & Rob‚ pg. 7). Data are the raw format of information‚ which when properly formatted can produce accurate‚ relevant‚ and timely information that is the key to making good decisions (Coronel‚ Morris‚ & Rob‚ pg. 5-6). The purpose of a database is to provide computer-based systems a way in which to store‚ manage‚ and retrieve data quickly (Coronel‚ Morris‚ & Rob‚ pg. 5). As for a local college database‚ the purpose of the database will be to house the data of enrolled
Premium Database management system SQL Database
The Xerox Corporation Fraud case (1997 – 2000) Xerox Corporation is a global document management company which manufactures and sells a range of color and black-and-white printers‚ multifunction systems‚ photo copiers‚ digital production printing presses‚ and related consulting services and supplies. Xerox is headquartered in Norwalk‚ Connecticut‚ though its largest population of employees is based in and around Rochester‚ New York‚ the area in which the company was founded. The history of
Premium Xerox
Health Care Fraud 1. Types of Health Care Fraud A. Health insurance B. Drug Fraud C. Punishment 2. Entities involved in Health care fraud A. Social a. Individuals B. Political a. Oversight b. Supreme Court input C. Cultural 3. Technology and health Care Fraud A. Billing Procedures B. Unbundling 4. Ethics involved with Fraud/Economic Impact a. Effects on Health Care b. Monitor outgoing monies
Premium Fraud Health care Health economics
COMPANIES: THE WORLDCOM FRAUD Introduction The purpose of this report is to investigate and discuss the accounting fraud that occurred at WorldCom in order to recommend improved strategies to Berkshire Hathaway’s management for avoiding investments in companies with fraudulent financials. Accounting fraud is a crime committed by high level employees at an organization to manipulate the organization’s financial statements and intentionally disguise company performance. The fraud is committed without
Free Internal audit Audit Internal control
Financial Statement Fraud - Recognition of Revenue and the Auditor’s Responsibility for Detecting Financial Statement Fraud - Tiina Intal and Linh Thuy Do Graduate Business School School of Economics and Commercial Law Göteborg University ISSN 1403-851X Printed by Elanders Novum Abstract Financial reporting frauds and earnings manipulation have attracted high profile attention recently. There have been several cases by businesses of what appears to be financial statement fraud‚ which have
Premium Audit Auditing Financial audit