Computer and Information Science; Vol. 7‚ No. 2; 2014 ISSN 1913-8989 E-ISSN 1913-8997 Published by Canadian Center of Science and Education A Fraud Detection System Based on Anomaly Intrusion Detection Systems for E-Commerce Applications Daniel Massa1 & Raul Valverde2 1 Information Technology and Services‚ Betsson‚ Malta 2 John Molson School of Business‚ Concordia University‚ Montreal‚ Canada Correspondence: Raul Valverde‚ John Molson School of Business‚ Concordia University‚ Montreal‚ QC.‚
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The Infidelity of Regulatory Oversight Affecting the Health Care System by Mary K. Stamberger Basic Issues in Community Based Health Care Delivery HC 465DL Julia A Buttelmann November 29‚ 2012 Abstract There is a national tsunami of panic over an unlikely operative in the form of a mold named Exophiala dermatitidis which has infected 430 people‚ and contributed to the death of 32 patients. The black
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1. As the auditor‚ list the concerns you have may suggest fraud‚ is occurring in the company. 1. Conflicts of interest. The owner of the company which is Justin Bieber‚ frequently takes extended vacations with his family and rarely examines the books of his business. He always appoint any of the family members to monitor and take charge the position while he’s not around for business trip and outstation. 2. The participants of the governors are rarely active in managing the direction and strategy
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Jerome Kerviel - Genius of Fraud Background: Imagine growing up in a working class European family that is getting by but is by no means rick. You ’ve done well in undergraduate college and are on the verge of graduating with a Masters in Finance from a reputable university but didn ’t do much to differentiate yourself while there. After grad school‚ you receive an offer for a middle office position at a large investment bank who guaranteed there ’s room to grow into a trading position‚ you
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the prevention and detection of fraud rests with both those charged with governance of the entity and with management. ISA/HKSA 240 (Clarified) also provides expanded operational guidance for auditors to consider the existence of material misstatement due to fraud in a financial statement audit. It emphasizes the auditor’s increased responsibility for detecting fraud‚ and the auditor is now required to be more proactive in searching for fraud during the whole audit process
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Question 1: Name two cases in which companies have committed frauds by misstating inventory. Crazy Eddie and Goodner Brothers case are the good example for the inventory fraud cases. Question 2: What makes the intentional misstatement of inventory difficult to detect? When you have the most senior management of the company‚ particularly its financial management‚ consciously setting out to fool the auditors‚ to hide information from them‚ as they testified in the Monus trial‚ it’s very hard to
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Uncovering Fraudulent Workers Compensation Claims One of the most common and popular fraud types is Workmans Compensation Fraud. This also happens to be the type of fraud that any employer is in the position to help and assist with uncovering the truth. Fraud is actually committed when an employee deliberately lies so that he or she will receive benefits. This usually happens when an employee claims a work-related injury when in fact‚ it isn’t. Another case is when he or she exaggerates a minor
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“The theories we use to help us understand standard-setting in national arenas (such as Australia) don’t work so well at the international level where the . . . International Accounting Standard Board (IASB) is taking a leading role. We will have to modify them or expand our theoretical repertoire” Discuss the above statement‚ clearly indicating your agreement or otherwise about the basis for your views. Abstract: The theories that are presented in this paper all assume the importance of a
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The Statute of Frauds clearly identifies what contracts have to be presented in the written format in order to remain enforceable (Reilly‚ 2000)‚ therefore written agreements should be signed by all parties to be binding. The Statute of Frauds is a rule of law requiring certain kinds of written contracts‚ not oral contracts since they are vague and frequently don’t provide sufficient proof of the terms agreed upon by each parties. Oral contracts create more complications and are the main reason for
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Helen’s company is the separation of duties. This company should have in place internal controls where a person works with consultant‚ another person or department initiate the payment process someone else authorize payments and accounting should disburse payments. Also the fact the company merge with a bigger company and no one controlled other accounts such as the Jackson & Company shows the lack of internal controls. Due to lack of controls‚ Helen had the opportunity to perpetrate the fraud. Basically
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