Inventory-Related Fraud Detection: • Beside revenue related fraud‚ the Antars also overstated their inventory. If inventory is overstated‚ the cost of goods sold is understated‚ and gross margins and net incomes are overstated. o Crazy Eddie had a close relationship with one of their vendors known as Wren Distributors. Crazy Eddie was Wren’s largest customer‚ accounting for 35% of their revenues. o Crazy Eddie ordered 10% of their total inventory from Wren so Sam Antar asked Wren to ship $3
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2001 to 2006‚ the Army deployed over 717‚000 personnel to Iraq and Afghanistan‚ with over 15‚000 troops wounded. Little is known about the impact of military and demographic factors‚ particularly deployment‚ occupation‚ and pre-existing medical status‚ on disability retirement. Methods: A nested case-control study of first time‚ active duty personnel entering from 1997 to 2004. Cases‚ individuals granted a medical disability retirement from 1997 to 2006‚ were identified by the Army Physical Disability
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References: * Alvaro A. C´ardenas‚ S. S. (2008). Research Challenges for the Security of Control Systems. * ISA-SP99‚ Manufacturing and Control Systems Security. (2004). Retrieved 2013‚ from www.isa.org: http://www.isa.org/MSTemplate.cfm?Section=Home964&Site=SP99‚_Manufacturing_an
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Allegations of Diamond Foods Inc.’s’ Understatement of Accounts Payable. Abstract On November 1‚ 2011‚ Diamond Foods Inc.’s (NASDAQ: DMND) unexpectedly disclosed serious discrepancies (possible understatement of accounts payable) regarding its 2011 financial statement reports and as a result announced its decision to delay its acquisition of the Pringles snack business from Procter & Gamble Company (P&G) (NYSE: PG). Naturally‚ the November 1‚ 2011 confession caused an immediate
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Computer Fraud and Crimes In the world of computers‚ computer fraud and computer crime are very prevalent issues facing every computer user. This ranges from system administrators to personal computer users who do work in the office or at home. Computers without any means of security are vulnerable to attacks from viruses‚ worms‚ and illegal computer hackers. If the proper steps are not taken‚ safe computing may become a thing of the past. Many security measures are being implemented to protect
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“In peacetime‚ we practice tactics‚ strategy‚ and weapons firing. We must do the same with our values”. General Donn A. Starry.” Loyalty‚ Duty‚ Respect‚ Selfless Service‚ Honor‚ Integrity‚ and Personal Courage; The 7 army value soldiers past‚ present‚ and future are taught to live by. None of these takes precedence over another. All are of equal importance in application to life. My favorite by far is integrity. It is Do what is right‚ legally and morally. Be willing to do what is right even
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ENRON CORPORATE FRAUD (2001) Submitted by: AMIT SHARMA PGDM (016)/09-11 What is FRAUD? In the broadest sense‚ a fraud is an intentional deception made for personal gain or to damage another individual. The specific legal definition varies by legal jurisdiction. Fraud is a crime‚ and is also a civil law violation. Many hoaxes are fraudulent‚ although those not made for personal gain are not technically frauds. Defrauding people of money is presumably the most common type of fraud‚ but there have
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Kathleen Sibelius announced “nationwide takedown” by Medicare Fraud Strike Force operations‚ in eight cities that resulted in charges against 89 individuals‚ which included doctors‚ nurses and other licensed medical professionals‚ for their alleged participation in Medicare fraud schemes involving approximately $223 million in false billings. In Chicago‚ seven individuals were charged‚ including two doctors‚ with a variety of health care fraud schemes. This (sixth) nationwide takedown targeted eight cities:
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1. INTRODUCTION An engine is a device which transforms one form of energy into another form. Most of the engines convert thermal engine to mechanical work and therefore they are called heat engine. Heat engine can be broadly classified into two types. i. Internal combustion engine ii. External combustion engine 1.1 CLASSIFICATION OF INTERNAL COMBUSTION ENGINE:- This type of engine is again classified into two types. i. Rotary ii. Reciprocating The reciprocating engine is a highly complex
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Product Critique: Wii U Nintendo was very successful in the video-game industry for many years‚ but the launch of the Wii U was a complete disaster. In order to understand the failure of the Wii U launch we need to list its positive and negative features and compare them to its direct competitors‚ Xbox One and PS4‚ and indirect competitors‚ smartphones‚ pc’s and tablets. Although the GamePad was innovative‚ it was not enough to attract new customers. The biggest reason was the lack of new games
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