"Fraud" Essays and Research Papers

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Fraud

Group Inc. is a full service investment bank and security firm. Rajat Gupta was found guilty of leaking inside information to the outside, and was sentenced to two years in prison, and some pretty hefty fines. Rajat Gupta was not the average fraud perpetrator he was total opposite at least from the articles description of him. The article states, “Mr. Gupta’s was a classic American success story. He grew up in New Delhi, excelling academically despite the death of both of his parents when...

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Fraud

was heard stating that if he was out of the picture, the team would fail. Hill’s micromanaging style shows a need to have control over every detail of the business. This type of management is a huge red flag pointing towards financial statement fraud (ACFE, 2012, p.1.238).One of the employees, Sam MacCarty, pointed out that though Ackers is the President of the team, Hill is seen as the one in control. This could lead to a possible resentment of Ackers and the team as a whole. Hill is pulling all...

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Fraud

Can corporate fraud ever be eliminated from the workplace? Abstract Corporate fraud has been a growing issue since Enron bankruptcy. The factors that contribute to the occurrence of corporate fraud are hard to control and methods used to prevent and detect fraud both by internal control and outside auditing have unavoidable weaknesses. Despite all the effort being made, it is highly unlikely that corporate fraud can be eliminated from the workplace. Introduction After Enron scandal got...

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Fraud

Insurance Fraud A gang of Russian crooks ran a record-setting, $279 million fraud that exploited New York’s “no-fault” auto –accident law, authorities said 2/29/12. The gang worked with corrupt doctors to set up more than 100 phony medical clinics across the city. There, they generated fake bills for the treatment of “injuries” that “ranged from wild exaggerations to outright fabrications,” Manhattan US Attorney Preet Bharara said. The fraudsters took advantage of the “patient-friendly provisions”...

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Fraud

Coding Fraud Michael Anastasio Ultimate Medical Academy Before answering the questions “what are my responsibilities for billing on a procedure that was not performed but asked to do so anyway”, Let me explain a little on Medical Billing Fraud? It is an attempt to fraudulently obtain payments from insurance carriers. Fraud in medical billing cost tax payers and medical providers millions of dollars annually (all-things-medical-billing.com). In 1996, HIPPA established the Health Care Fraud and...

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Healthcare Fraud

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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Fraud Triangle

Discussion Topic #1 The fraud Triangle is a very important tool in seeking to understand why people commit fraud. In the examination of any fraud case according to the Fraud triangle there are three major elements, pressure, opportunity and rationalization. To illustrate the relevance of these three factors we can examine a recent fraud case i.e. the South Carolina Hospitality Association. In this case Rachel Duncan was the accountant for South Carolina Hospitality association, she is charged with...

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Fraud Prevention

talking about a fraud hotline program to help detect fraud and also preventing fraud. Fraud Prevention Management is aware of the increased requirements for a public company to maintain a system of internal control to help prevent and detect fraud. The CEO, Mary Moore, is also interested in using a proactive posture toward building an antifraud prevention program, including exploring using a proactive auditing approach to fraud discovery. The internal auditor and the external fraud investigator...

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Corporate Fraud

Corporate Fraud I. Introductions a. Fraud in the accounting environment is on the increase. b. Fraud takes place in different forms in the accounting environment. II. The growing risk of fraud and corruption a. Local problems, global pain b. Awareness is crucial c. Tailoring efforts to avert damage III. Preventing Fraud a. Background checks and enhanced due diligence b. Monitoring and evaluating preventive controls c. Continuous controls monitoring IV. Can we eliminate fraud and corruption ...

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The Auditor and Fraud

PREVENTION AND DETECTION OF FRAUD. The primary responsibility for fraud detection lies with management. This arises due to a contractual duty of care. Directors are able to discharge their duty toward prevention and detection of fraud and error in many ways, for example: * Complying with the Combined Code on Corporate Governance * Developing a code of conduct, monitoring compliance and taking action against breaches * Emphasising a strong commitment to fraud prevention. This involves...

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