Financial Fraud- Qwest Communications Introduction In the late 90’s‚ early 2000’s‚ Qwest Communications International Inc. (Qwest) was a rapidly growing telecommunications company that provided global internet and telephone services. At their pinnacle‚ Qwest was one of their industry’s top leaders‚ reporting revenues of $16.7 billion in 2001 (Anonymous‚ 2013). Through continued expansion and acquisitions of other large telecommunications companies‚ it seemed things were only headed in a positive
Premium Fraud Finance Bond
Century Canning Corporation is the marine and tuna enterprise of Century Pacific Group. Our brands‚ Century Tuna‚ 555 Tuna‚ Blue Bay Tuna‚ and Fresca Tuna offer delicious‚ healthy and superior quality tuna meals everyday. We are consistent in introducing delightful new flavors and variants that every family member can enjoy. Today our brands remain household favorites‚ making Century Canning Corporation the first name in tuna. It takes a state-of-the art canning facility in Southeast Asia to manufacture
Premium Marketing Canning Advertising
Bernie Madoff did not work alone. One reason is because a scheme of this magnitude would have been difficult for one man‚ even one as smart as Madoff‚ to pull off alone. Because of his long career and the amounts being traded at the end of 2009‚ the probable answer is that some people involved with Madoff were knowingly skirting financial rules and procedures. Some should be made aware of the legal fuzziness that exists within the financial sector. Such fuzziness has‚ in part‚ been deliberately created
Premium Enron Finance Corporate governance
Chapter 1 | | Association of Certified Fraud Examiners (ACFE) | An international organization of approximately 50‚000 members based in Austin‚ Texas‚ dedicated to fighting fraud and white-collar crime. | Civil law | The body of law that provides remedies for violation of private rights—deals with rights and duties between individuals. | Criminal law | The branch of law that deals with offenses of a public nature or against society. | Customer fraud | Customers not paying for goods purchased
Premium Balance sheet
Accounting Fraud at WorldCom 1) What are the pressures that lead executives and managers to “cook the books?” After the rapid evolution of the telecommunication industry in the 1990s‚ WorldCom shifted its strategy to focus on building revenues and acquiring capacity sufficient to handle expected growth. Their biggest goal was to be the No. 1 stock on Wall Street rather than capturing the market share. As a result‚ their Expense-to-Revenue (E/R) Ratio was their measurement for their main objective
Premium Fraud External auditor Audit
An inmate by the name of Bernard Coy‚ bank robber who was serving 25 years at Alcatraz was the mastermind. Bernard coy studied the routines and patterns of the guards for months before he acted out on his plan. Some believe he intentionally starved himself so he can fit between the bars. “Coy smeared axle grease over his
Premium Crime Police Police brutality
5/7/13 A summary of Vishaka case‚ Supreme Court‚ 1997 for Sexually Harassed women in India | Sexual Harassment at Work Place in India Sexual Harassment at Work Place in India Working on to save Indian working women from Sexual Harassment at Workplaces HARASSMENT NOTIFICATIONS The Protection of Women Against Sexual Harassment at Work Place Bill‚ 2012 Circular for central govt employees on Vishaka case‚ 1998 Supreme Court Guidelines on Vishaka case‚ 1997 Home Sexual Harassment
Premium Bullying Harassment Abuse
employees did not want to be managed by an uneducated person but their concern was that they were unable to do anything about the situation. iii. Customers. The customers might have had concerns over buying products from a company whose CEO had been a fraud which would decline in sales‚ although this is quite debatable because nowadays people are more interested in the product rather than who’s producing it. Although so many people were being affected but most of them were not able to do anything about
Premium Ethics Morality Business ethics
Dr. Bernard Brady describes how humans should express true love in Be Good and Do Good when he writes‚ “But what ought our love ‘look’ like? Within the broader context of the Bible and tradition‚ we can say a Christian ought to love‚ within the human condition‚ as God loves or more appropriately‚ how we experience God” (Brady‚ p. 102). Love can be an abstract topic‚ especially in term of God’s love; however‚ Brady emphasizes love using five basic characteristics making the abstract more concrete
Premium Love God Christianity
Expectation Gap and Corporate Fraud: Is Public Opinion Reconcilable with Auditors’ Duties? Jeffrey Cohena‚ Yuan Dingb‚ Cédric Lesagec‚* and Hervé Stolowyc b Carroll School of Management at Boston College‚ USA China-Europe International Business School (CEIBS)‚ Shanghai‚ China c HEC Paris‚ France a This draft – October 28‚ 2010 – Please do not cite or circulate without permission – Comments welcome Acknowledgments. Cédric Lesage and Hervé Stolowy acknowledge the financial support of the
Premium Fraud Accounting scandals Audit