Corporate Fraud Foxconn Technology Group Background Foxconn Technology Group‚ subsidiary of Hon Hai Precision Industry Co.‚ Ltd.‚ which is the manufacturer targeting on electronic products like PC components‚ is founded by Terry Gou. First founded in Taiwan‚ Foxconn started to establish factory in Mainland China in 1988 and then expands its business very quickly. As the world’s largest manufacturer targeting on contract electronics‚ its clients are all over the world‚ including American‚ European
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BUSINESS SCHOOL Unit of Study Outline Unit Code ACCT3014 Unit Title Auditing and Assurance Semester 2‚ 2013 Pre-requisite Units: ACCT3011 or ACCT3001 Co-requisite Units: n/a Prohibited Units: ACCT3004 Assumed Knowledge and/or Skills: You are assumed to understand the key principles and rules of specified accounting standards and be able to apply them in the context of business scenarios. Students are expected to comprehend the form and content of published financial statements and be able to
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Vicarious Liability Monday‚ January 12‚ 2015 10:00 PM Vicarious Liability is where one person is held liable for the torts of another. This is usually where an employer is liable for the torts of employee. For the employer to be liable: i) A tort‚ (such as negligence‚ battery or even in breach of statutory duty (Majrowski v Guys and St Thomas’s NHS Trust 2007)) ii) committed by his employee‚ iii) during the course of employment. • Original defendant (employee) must be liable in tort first Prepared
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Information Technology Auditing MGMT 550 Cassandra Rich April 28‚ 2014 Information technology auditing is important to the financial auditor and to the financial statement audit because IT is the foundation of today’s accounting systems. IT audits are crucial for ensuring that a company’s financial statements are a representation of the company’s position and that the system used to compile the statements is operating properly and producing accurate statements. IT auditing allows the auditors
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training program at N ATIONAL PORT AUTHORITY CREDIT UNION LEAGUE [NPACCUL] for the period of August 1 to September 30. This report has been carefully developed in accordance to the conditions and criteria that satisfy the award of B.SC Accounting Degree from the Catholic University Of Bamenda Cameroon [CATUC]. Signature; ………………………………… ……………………………… The Manager NPACCUL HOD Date;…………………………..
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Doctrinal bases of liability 4 1.1. Reasonable Care and Skill . 4 1.2. Fiduciary Law 5 1.3. Knowing Receipt‚ Inconsistent Dealing‚ and Assistance 6 1.4. Emerging Standard: Due Diligence‚ Suitability‚ Good Faith 7 2. Duty to advise and the liability for the advice given 8 2.1. Duty to advise 8‚ 9 2.2. Liability for advice given 10 Referencing 12 Introduction In this report I defined the duties and liabilities of a Banker under Advisory and Transactional liability in Banking
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The fraud at DHB Industries developed directly from collusion of upper-management‚ poor oversight by the board of directors‚ and equity based compensation. Knapp and Knapp (2012) note the constant involvement of Brooks‚ Hatfield‚ and Schlegel in falsifying accounting records and attempting to conceal the fraud. With the ability to override controls within the company which identify such irregularities‚ the involvement of practically all executives allowed for the concealment of the fraud to occur
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Lisa D. Green Ms. Fahle English 112 15 Jul 2013 When Help Turns to Abuse I can remember the conversation as if it was yesterday. While in a grocery store walking in the grocery aisle‚ I overheard a woman talking to another woman and her husband. The part that caught my attention was the young lady saying‚ “I can get you the cheese‚ milk‚ and eggs with my WIC‚ and all you have to do is give me the money when we leave the store.” I knew this wasn’t right‚ so I made sure I was at
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AUDITING IN THE PUBLIC SECTOR INVOLVES LOOKING AT THINGS OR ACTIVITIES WITH A BIRD EYE VIEW. OMONIYI‚ WAHAB SHINA INTRODUCTION Auditing in the public Sector is an independent examination of ‚ and an expression of an opinion on the financial statements of governments by a duly appointed person(s) in accordance with all relevant statutory obligation. In other words‚ auditing does not concentrate on fraud detection alone‚ but rather‚ to look at the financial and non-financial activities of an
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BFA303 AUDITING THE FUTURE DIRECTIONS OF THE AUDIT PROFESSION Word Count: 1995 Executive Summary This report discusses the historical and current practices required by audit professionals. This is broken down into three main subject areas‚ being:- 1 The Monitoring of the Profession’s Quality Issue; 2 The Skills and Auditor Needs To Posses; and‚ 3 The Structure of an Audit and Non Audit Service Engagement. It is found from a comprehensive review of various literature available
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