Auditing failure is also a key factor contributing to the Wedtech scandal. It is presented as a result of independence of auditing reporting and confirmation.On the one hand‚ even if auditors complied with auditing process on the surface (Berg and barbanel‚ 1987)‚ they are not independent since they were bribed to forge auditing reports.In 1982‚ Wedtech employed the Main Hurdman to financially audit its financial statementswhen it went to Initial Public Offerings. One of the auditing partners‚ Richard
Premium Audit Auditor's report External auditor
| A Trifecta Scandal | Arthur Waldon | | Charter College | | Conspiracy to steal more than a quarter billion dollars from insurance companies. The plot involved 10 doctors‚ 9 separate clinics in New York and 105 different corporations‚ and all in service in a health care fraud ring. It all stems from Russian-speaking immigrant population‚ to who grew up in a communist society that bred despite for the rules and a willingness to cheat around them. Come to find out this scheme is the
Premium Insurance New York City Fraud
HIH Insurance Company Background HIH was originally found in 1968 by Ray Williams‚ then was acquired by British company CE Health PLC in 1971‚ and renamed as "HIH" in 1995. Before its collapse‚ HIH was the second largest insurance company in Australia‚ and covered several insurance segments‚ including worker’s compensation‚ public and private liability‚ property‚ industrial and commercial insurance. It also expanded globally into the US and UK markets. On March 15‚ 2001‚ HIH insurance was
Free Insurance Risk Management
league’s Chairman and Commissioner. It is currently contested by nine teams‚ consisting of players from around the cricketing world. ------------------------------------------------- However‚ the league has been engulfed byseries of corruption scandals. ------------------------------------------------- Controversies involving the Indian Premier League From Wikipedia‚ the free encyclopedia The Board of Control for Cricket in India (BCCI) has found itself in the middle of many conflicts with
Premium Indian Premier League Board of Control for Cricket in India Cricket
Charles Ponzi .. The Scandal !!! By: Rawan Al-Deraibi Class of: Prof. Alan J. Pan Who is Ponzi?!! Born in 1882 in Parma‚ Itlay‚ Charles Ponzi was the infamous swindler who payed out returns (To give money in exchange for goods or services) with other investors’ money. The "Ponzi scheme" is named after him. After running a highly profitable and expansive investment scheme‚ Ponzi was arrested on August 12‚ 1920‚ and charged with 86 counts of mail fraud. Owing an estimated $7 million‚ he pleaded
Premium Ponzi scheme Charles Ponzi
Before the summer of 1972‚ the word "Watergate" meant nothing more than an office and luxurious apartment complex in Washington‚ D.C. As a result of a "third-rate burglary" on June 17 of that year‚ it came to be associated with the greatest political scandal of that century and would change the lives of the many people involved — especially President Richard M. Nixon. While doing his rounds at the Watergate Hotel in the early morning of June 17‚ 1972‚ security guard Frank Wills found a door‚ located
Premium Watergate scandal Richard Nixon
2013 The Many Meanings of Scandal Themes * Slander * Attacks on personal and public reputation * Take people to court for slander * Print Media * Publicity * Personal Attacks * Gossip * The engine of scandal * Doesn’t have to be true * Public figures * The most likely figures. They invite scandal because they are in the public sphere. Slander has been limited to people who stay private. Etymology of Scandal * Greek meaning – Skandalon
Premium President of the United States Andrew Johnson Reconstruction era of the United States
accurate financial reports that are useful to managers‚ regulators and other stakeholders such as shareholders‚ creditors or owners (Financial Accounting Info‚ 2006). Inefficiencies in the processes of accounting may amount to a professional scandal. Accounting scandals or fraud can be explained in various ways. Accounting fraud is a deliberate and improper manipulation of the recording of sales revenue and/or expenses in order to make a company ’s profit performance appear better than it actually
Premium Accounting scandals Enron Fraud
Adelphia Cable Bruce Dawson Principles of Management Mgmt.230 "Adelphia is one of the nation’s leading cable companies with more than 5.3 million residential customers nationwide. In addition to cable entertainment Adelphia offers digital cable‚ high-speed internet access‚ long distance telephone service‚ and home security" (Adelphia). The leadership of this company currently consists of 18 officers. One officer for each of the five regions Adelphia covers. One officer in each of the
Premium Vice president Cable television Bankruptcy in the United States
Principal Baggins Anytown High School Anytown‚ Connecticut Dear Principal Baggins‚ First and foremost I would like to say that I sympathize with your situation. It is a challenging one on a good day! On one hand‚ you have a dedicated‚ hard-working‚ deserving individual that has made a mistake that may affect all of the strenuous efforts she has put forth throughout her school years. Albeit only one mistake‚ it is a considerable one. On the other hand‚ you have another student equally dedicated
Premium High school Drug Illegal drug trade