because of the pressure from Scrushy to make the company appear more profitable. Then the cycle continues. The way I understand the meaning of the “loyal agent’s argument” is that you do what you are instructed to do by your employer regardless. However‚ I do not believe Aaron Bean could or should have used the loyal agent’s argument to defend his actions. The only way possible would have been because his boss‚ Scrushy pressured him into “cooking the books” so to speak. Based on our text‚ Beam
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SUBJECT: Forensic Accounting Introduction In this memorandum‚ I will explain the reasons as to why managers feel more pressure than in past years. Also‚ I will discuss several ways that managers can commit fraud for personal gain‚ and how these schemes are eventually caught by forensic accountants. Rising Pressure There has been a growing trend to hold managers accountable for their company’s performance. Wall Street analysts have become enemies of CEOs. These analysts set target quarterly
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the SEC that WorldCom had engaged in a significant corporate accounting fraud scheme which had overstated pretax income by about $7 billion since 1999. At the time‚ this was the largest deliberate misstatement in US corporate history. Although there are many interesting elements and players involved with this incident‚ for the purpose of this case study I will focus on the role played by Betty Vinson‚ the Director of Management Reporting and a key figure in enabling the type of illegal behavior WorldCom
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The article “Food waste: Is America throwing away food too soon?” by Sean Rossman brought light to an epidemic we face in our country today‚ food waste. I couldn’t help but nod my head in agreement while reading‚ as everything the author discussed was accurate. This got me thinking‚ and I came to the realization that my family is a part of the problem and were oblivious to it. We throw away food all the time and don’t see anything wrong with it. However‚ my point of view on the situation changed
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1. Introduction A new report has shown that almost half of the Asia-Pacific companies are confident of their internal fraud controls (Singapore Press Holdings Limited 2005). But here’s the fact: Only 16 per cent of economic crimes in the region were detected by risk-management systems. In fact‚ the vast majority of incidences of economic crime were detected by accident‚ tip-off‚ and internal and external audit (PriceWaterhouse Coopers 2003). Here in the case study of Informatics Group (Singapore)
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I want to research about how human waste disposed of in the Arabian Sea affects the lives of Turtles. http://www.ioseaturtles.org/pom_detail.php?id=71 (I found this link using my Key words Turtles in Arabian Gulf) http://uaeagricent.moew.gov.ae/fisheries/almukhlafat-affection_e.stm (I found this link using my keywords UAE human waste) The solid wastes are considered one of the major problems may confront the urban communities currently. Therefore‚ scientific studies were concerned to find solutions
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Accounting Fraud at WorldCom LDDS began operations in 1984 offering services to local retail and commercial customers in the southern states. It was initially a loss making enterprise‚ and thus hired Bernie J. (Bernie) Ebbers to run things. It took him less than a year to make the company profitable. By the end of 1993‚ LDDS was the fourth largest long distance carrier in the United States. After a shareholder vote in May 1995‚ the company officially came to be known as WorldCom. WorldCom culture
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Fraud Examination Executive Summary: Miniscribe By Samantha Altieri‚ Zac Biesiada‚ Dan Cohen‚ and Tim Foley BACC 552 Miniscribe was a computer disk drive manufacturing company that was founded in 1981 by Terry Johnson. The company was initially run out of basement of Mr. Johnson’s home in Longmont‚ Colorado. Shortly after becoming a publicly traded company in 1983‚ Miniscribe began to experience financial losses. (United States v. Patrick J. Schleibaum) In 1985 the venture capital firm
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PART B. WORKS INFORMATION ^ D w r Cymru Location Site Location Map Welsh Water Cardiff WWTW. Operating Manual 1. 1 Site Location Map National Grid Reference: Asset No.: ST 213 758 33785 Cardiff WWTW Directions Heading West along M4‚ turn onto A48 at Junction 29. After approx. 2 miles turn left onto A4161. After approx. 1 mile continue on A4232. After approx. 2 miles at roundabout‚ take second exit onto Rover Way towards the Docks. At 1st roundabout turn left onto Tide Fields
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During the late 80s and 90s‚ a Toronto-based theater company showcased performances of popular acts like Ragtime‚ Showboat‚ and Phantom of the Opera. Livent‚ Inc. (Livent) founders‚ Garth Drabinsky and Myron Gottelieb‚ watched their small theater company grow from a partnership and become publicly traded on the NASDAQ a few years later. Eventually the duo sold off the “successful” theater company to Michael Ovitz‚ the head of Lynx Ventures‚ L.P. in 1998. The new owners came to discover that there
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