• Fraud Detection and Prevention
    accounting scandals, including Enron, the client has been very concerned with internal controls. With further investigation, the client has suspicions of theft and embezzlement in the company. Possible financial misstatement is a concern as well. Detection and prevention of fraud is the key issue of this...
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  • ACC 281 week 3 dq 1
    Chapter 1) and comment on any of the standards that have been violated. c. Name the features of the fraud triangle and explain how they materialize in this case. How did David’s scheme affect the overall appearance of Global’s financial statements? Why was this important to investors and creditors...
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  • Discussion on Earth
    triangle and explain how they materialize in this case. 1. Opportunity is shown at the head to the triangle because without opportunity fraud could not exist. David found an opportunity to benefit the company in maintaining current financial statements in the company’s favor. This opportunity...
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  • Essay
    triangle fraud” theory 3. The Securities Act of 1933 and 1934 4. The Foreign Corrupt Act of 1977 5. The Sarbanes Oxley Act 6. Conclusion Accounting regulation has been the center of long-lasting debates in the accounting profession, especially after several fraud scandals in...
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  • How Might Theories of Leadership and Group Identity Help to Explain the Enron Collapse?
    FRAUD TRIANGLE OF LEADERSHIP, CULTURE AND CONTROL IN ENRON. Available: http://www.iveybusinessjournal.com/topics/the-organization/management-controls-the-organizational-fraud-triangle-of-leadership-culture-and-control-in-enron#.URSWleQ027V. Last accessed 03/02/2013. N/a. Enron: What Caused the...
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  • Rise and Fall of Enron
    Saddle River, NJ: Pearson Education. The Organization | July / August 2007 by Clinton Free, Mitchell Stein, and Norman Macintosh MANAGEMENT CONTROLS: THE ORGANIZATIONAL FRAUD TRIANGLE OF LEADERSHIP, CULTURE AND CONTROL IN ENRONhttp://www.iveybusinessjournal.com/topics/the-organization/management-controls-the-organizational-fraud-triangle-of-leadership-culture-and-control-in-enron...
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  • Accounting Fraud
    elements from the fraud triangle can produce extensive long-term financial damage. “During 2002 alone, 186 public companies, including WorldCom, Enron, Adelphia, and Global Crossing, recorded $368 billion in debt, filed for bankruptcy (Albrecht et al, 2008, p. 4). The author’s attribute the...
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  • Enron - Corporate Governence
    in the internal controls), and an attitude that enables the individual to rationalize the fraud. While the fraud triangle focuses on individual-level constructs of fraud, such as localized instances of cash or other asset appropriation by employees, the Enron example highlights fraud at the...
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  • The Sinking of Enron
    fraud citing “excuses” for their behavior. Studies indicate that fraud is most likely to occur in businesses where the fraud triangle -- motivation, opportunity and rationalization -- is found (Reidy, 2004). Clearly, all three factors of the fraud triangle were present at Enron. It has also been...
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  • Enron
    fraudulent activity. Denial that fraud could exist within the company was present. The due diligence from the banker alerting Enron to potential violations, the president’s resolute actions, requiring a full investigation and Muckelroy’s persistence in uncovering the truth were the main factors for...
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  • Organizational Fraud
    years in USA 7 FIGURE 2 : Per year Estimated loss due to Organizational frauds 10 FIGURE 3 : Perpetrators of Organizational frauds 10 FIGURE 4 : How organizational frauds are detected 13 FIGURE 5: Organizational Fraud Triangle 21 LIST OF ANNEXURES ANNEXURE 1 : Case study of Enron i...
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  • Expectation Gap and Corporate Fraud
    conduct a content analysis of press articles covering 39 high profile fraud cases. We then use the Porter’s (1993) total expectation gap decomposition (sub-standard performance, deficient standards and unreasonable expectation), which we detail by adding the fraud triangle framework outlined in SAS # 99...
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  • Fraud Auditing and Different Type of Fraud
    public is where the fraud is coming from and by whom. This disagreement has been especially tinted by the collapse of big corporations like Enron and WorldCom. The unforeseen fall of Enron and WorldCom traumatized the world as both of these companies received clean bills of health from their auditors...
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  • Ethics
    world. -Crimes were violated within the Securities and Exchange Commission. Many employees committed financial fraud and money laundering. References . Free, C., Macintosh, N., and M. Stein. (2007). Management controls: the organizational fraud triangle of leadership, culture...
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  • Corporte Governance
    18. Deterrence VS Prevention 9 19. Fraud Triangle 9 20. Breaking the Fraud Triangle 9 21. Statement on Auditing Standard No. 99 (SAS 99) 9 22. The Coso Model 10 i. Control Environment 11 ii. Risk Assessment 11 iii. Control Activities...
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  • Robinson & Munter Summary
    problem areas. One example is the Statement on Auditing Standards No. 99. This describes what they call the fraud triangle. The three sides that make up the triangle are incentive/pressure to meet both internal and external expectations, opportunity, and rationalization. A good way to decrease the...
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  • Examining a Business Failure
    /definition/organizational-structure.html Free, C. Stein, M. & Macintosh, N. (2007) Management Controls: The organizational Fraud Triangle of Leadership, Culture, and Control in Enron retrieved on September 13, 2012 from http://www.iveybusinessjournal.com/topics/the-organization/management...
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  • Unethical Business Practices
    and not allowed to be compromised. References (2009). Enron Corporation. Columbia Electronic Encyclopedia, 6th Edition, 1. Bartlett, C., Ferrell, O., & Oliverio, M. (2002). Enron 101. BizEd, 40. Free, C., Macintosh, N., & Stein, M. (2007). MANAGEMENT CONTROLS: THE ORGANIZATIONAL FRAUD TRIANGLE...
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  • Risk
    fraud. While the fraud triangle focuses on individual-level constructs of fraud, such as localized instances of cash or other asset appropriation by employees, the Enron example highlights fraud at the organizational level – systemic organization-wide fraud and corruption. At the organizational level...
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  • Business Failure
    organizational fraud triangle of leadership, culture and control in Enron.(Company overview). Ivey Business Journal Online, Retrieved from Gale: Academic OneFile (PowerSearch) database. http://www.nytimes.com/2007/11/04/business/yourmoney/04stra.html?_r=2&scp=25&sq=Sarbanes-Oxley&st=cse...
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