Fraud Critical Thinkings Samples For Students

Introduction

Satyam limited, which is a Nasdaq-listed company, is one of the largest Global IT services firm. It has a portfolio of Major American and Australian companies such as Coca Cola, Citigroup, Telstra and Quantas.

The former chairman of the company, Ramalinga Raju admitted he had been tampering with the books of accounts. The company had been experiencing losses which he was covering up to reflect that the company was making a profit. He shockingly revealed that 94% of the cash and other assets, amounting to US$1 Billion, of the company did not exist. There was also the pressure from the market ...

Healthcare fraud in the US is more common than one would think. In fact, the US government loses billions of dollars each year due to fraudulent billing, kickbacks, and other illegal activities by physicians, hospitals, pharmaceutical companies, and many other stakeholders. In my opinion, the fines for healthcare fraud should be stiff, especially in cases that result in unnecessary injuries or deaths.
In my estimation, one of the best things that can be done to improve healthcare, and minimize incidents of fraud is to eliminate the profit motive from the healthcare system. In a video about Health Management Associates ( ...

Loss Prevention Policies

What are the benefits of a comprehensive control program? If you were advising this corporation, what would be the specific benefits for them?
A comprehensive control system helps the organization departments achieve the set objective within a given time period and as per the scheduled format. All transactions will be timely with those in power (authorization) and recording of all information will also be achieved. Correct accounts will be keyed in the appropriate accounts and in the specified financial period. This will in turn facilitate efficiency and effectiveness in the preparation of financial statements. Internal control system facilitates authorized and ...

The rational choice theory is of the opinion that an individual acts by weighing the costs and benefits brought about by an action at the end through the use of personal advantage. As far as crime is concerned, the theory assumes that the rational decisions made by criminals to engage in any crime are made through the revision of all outcomes and possibilities. The outcomes depend on the benefits the criminals get by committing these crimes. Criminals do however consider the consequences of their actions, such as imprisonment and tread with care in the process of committing a crime. The ...

Introduction

While many certainly agree that white collar crime presents serious legal issues the sociological implications, regarding deviant behavior, is not always obvious. No discussion inspires a proper balance for analysis without a relevant definition of our terms. According to a ‘Sociology’ glossary, published by the McGraw-Hill Higher Education (2014) group deviance is defined as “Behavior that violates the standards of conduct or expectations of a group or society.” The same glossary defines the concept or theory ‘anomie’ as a Durkheim term for “the loss of direction felt in a society when social control of individual behavior has become ineffective” (“Sociology Glossary,” 2014). In an effort ...

A) Briefly discuss the treatment of employee stock options under each of the following:

1. Previous FASB/APB/CAP on Stock Options [Hint APB Opinion #25]
APB Opinion 25 calculated stock options employing the intrinsic value technique, in which compensation expense appeared to be realized as the stock price surplus at the grant date divided by the price of option exercise. This technique however overlooked any possibility that the stock price might go beyond the exercise price, since most stock options possessed exercise prices as a minimum equivalent to contemporary market values, compensation expense thus not acknowledged.
2. FASB SFAS ...

Forensic accounting is also known as forensic auditing or investigation. Because of the increase in fraud cases over the past decades, this is one of the most popular areas of growth in the field of accounting. Not only do law enforcement agencies employ forensic accountants as part of criminal investigations, but such organizations as insurers, banks, corporations and law firms also use them as well, as part of gathering evidence for situations that have moved to litigation or other stages in the dispute process. Forensic accounting takes several different forms, such as looking into the records that are a part ...

Choose a local or national newspaper from one of the following websites.

Front pages may be accessed online at: http://www.newseum.org/todaysfrontpages/ or Canadian articles can be accessed at: http://www.canada.com/national/index.html

Copy two articles that you think contain value judgments or show the types of bias outlined in the Media/Political Bias article. Paste them here, into this document. Highlight the word(s) and/or sentence(s) that they believe introduce a bias into each story, and answer the following questions for each one:
1. Why do you think the words convey a value judgment?

2. Are these words or phrases found in a news story, a column, ...

Introduction

Pragmatically, the deviant behaviour of white-collar criminals provides students of sociology a different exploration of how human nature works in clandestine operations in plain view. Society, at least superficially does not suspect a so-called white-collar individual of criminal behaviour in general, as stereotypes tend to lead people’s thoughts in the direction one way or another. While, the dishevelled, unkempt, anti-social “looking” individual exists as suspect of deviant behaviour by his/her mere appearance including labelled as a criminal in some regards, the white collar individual stands in society appearance wise as an upstanding citizen (Goode 2008).

Historically, the concept of white collar is not so new:

Edwin Sutherland created the concept of ...

Abstract

This paper gives an insight to the jurisdictions of crimes. It also establishes the similarities and differences of federal and state jurisdictions in criminal law. It also establishes the concurrent state and federal jurisdictions. All these concepts are illustrated in three different crime jurisdictions

Introduction

The United States of America’s Constitution bestows the individual states with the authority to rule themselves, however where the whole nation’s interests is at stake, Federal law overrules any state law. This is confined under the U.S. Constitution Supremacy Clause. Conversely, some criminal law quarters are concurrently engaged by the state and Federal ...

Activity 1

In determining whether or not Don can set aside the contract with Evan, it is important first to determine whether a valid, enforceable contract ever came into existence or was formed between the parties. According to MacMillan and Stone (2012), the essential elements of a valid contract include offer and acceptance, consideration, capacity, intention to create legal relations, and legality. In the present case of Done and Evan, a contract came into being when Don unilaterally accepted Evan’s offer in the form of advice to invest in his (Evan’s) new consulting business and went on to sign ...

Question 1

Describe the administrative management practices of separation of duties, job rotation, and mandatory vacations and their role within operations security
The administration has the mandate to ensure that the organization is running as expected. It has the mandate to assign duties and tasks to various individuals. Administration management oversees the implementation of the company’s objectives. Concerning separation of duties, the administration takes the measure as an ideal strategy to avert conflict of interest or fraud. Technically, fraud may still occur due to the collision. The management creates a communication network in every department to counter fraud cases.
Similarly, ...

Voter turnout is a statistical figure used to determine in the actual participation of citizens in selecting new leaders. Higher voter turnout in any general election would mean that most citizens have rightfully exercised their civilian responsibility. Lower voter turnout would indicate the lack of political participation, or obstruction of civil rights. Of all first-world countries, United States posted one of the lowest voter turnouts at 40% compared to other countries such as Belgium (93%) and Australia (81%) (Friedman, 2012). Supporting data from the American Presidency Project consisted voter turnout rates for every presidential election, and the United States has ...

The Central Intelligence Agency also known as the CIA was created in 1947 and was lead by the DCI (Director of Central Intelligence). It is one of the main sources of national security intelligence in the United States. However, foreign policy is not made by the CIA. The CIA’s influence is in the international scope, and is greatly feared by Americans. However, legal power is not in the hands of the CIA. One of the roles of the CIA is collecting intelligence reports and giving analysis along with performing stealthy action towards the issues. With the help of ...

The economy of the world is dynamic; therefore for any enterprise to survive in it, changes must be implemented from time to time so as to remain relevant. An example is when the enterprise resource planning software had to be changed so as to tract all processes and minimize fraud within the organization. As is in other telecommunication companies, the software systems in place were many and the employees were unwilling to learn and accept the new system. The recipients of some of the outputs of the previous enterprise resource planning software were also not comfortable with it because ...

Revenue cycle refers to all the undertaking of a business entity which generates revenue in exchange of commodities either being goods or services.

In a merchandising company the revenue cycle consist of key stages which are crucial in administration of revenue generated in relation to goods sold as well as goods purchased for sale by the merchandising firm. The key stages of a revenue cycle system include the purchase, which involves the procurement of inventories for resale, purchase of inventories is carried out by the procurement department, the second stage is the sales stage which is administered by the sales department, in ...

In our day to day life, it is easy to see individuals who have found ways to cheat the system, and claim social welfare sources that are above and beyond that which they are entitled to, or who find ways to misappropriate the funds that they are given, and we are incensed by the waste of public dollars. However, in contrast we rarely get to see the results of corporate welfare, provided through government subsidies, or how the use of those funds are abused. In reality, though public disgust of corporate subsidies is far less prominent, they cost tax ...

Virtue Ethics

The Merriam-Webster Dictionary interprets the words “truthful” and “truthfulness” as such which “contain, tell, or express the truth” (n.d.). Basically, the word “truth” stands for a situation where something or someone depicts sincerely any unfolding of events free of deception or fraud which cannot be told about Enron’s business. The story states that the first stage of the company’s business engagement involved the energy market and in particular, trading in gas (specifically, it included a commercial chain of purchasing gas from producers and then selling it back to utilities companies) (Healy & Palepu, 2003).
In other words, Enron ...

The issue of digital crimes and terrorism has been on the increase as a result of technological advancement. A number of forecasts on digital crime and terrorism have been made. These forecasts include:

The issue of espionage will continue to widen into arenas of economics, information warfare, and intellectual property theft.

The use of networking by terrorist to accomplish their missions will continue to increase.
Uses of technological-based instruments to surreptitiously get information, or destroy information and technological communications by criminals and terrorists and also by anarchists and patriots will continue to increase rapidly.

Computers will increasingly be used by entrepreneurial crime groups as their criminal instrument

Computer hackers will continue to emerge around the world, thus increasing the risks of malicious attacks.
Virtual crimes against people will increase rapidly ...

`When the reported that the Adelphia Corporation was facing imminent collapse, shock waves ran through the business world. The reveal of Adelphia scandal made the world rethink their business practices. The story of Adelphia presents how one of the largest companies in the United States could also cause on of the largest cases of fraud in business history. By taking a closer look into the Adelphia scandal we are better able to determine what went wrong and what can be done in the future to prevent these types of instances.

This hidden information led to questions about how we evaluate ...

Order # 221881124

The population of the United States has reached the point where the Baby Boomers are becoming elderly. With advanced age comes the problem of maintenance. At the end of World War II in 1945 there was an explosion of births leading to the Baby Boomers. As the population of the United States ages the number of individuals who will be considered elderly will increase tremendously from this initial wave of the Baby Boomers. The documentary presented by Frontline titled “Life and Death in Assisted Living Facilities” addresses the problems faced by this expanding population group. In a series of interviews ...

CLOUDS AND INTELLECTUAL THUGGERY

Aristophanes’ cloud is a blatant attack on the sophists and a personal attack on Socrates. The sophists were a class of people who had a revolutionary frame of thought which did not conform to the social norms of their time. They believed in arguing about the validity of everything and using their cunningness and mental prowess to triumph in an argument. Aristophanes’ cloud shows how the teachings of the sophists at the Thoughtery went against common social convention of the time. The play focuses on the activities of the sophists to paint them in their true colors as people who went against social ...

Blink: the power of thinking without thinking introduces a revolutionary ant at first glance a somewhat berserk was of analysis and decision making. The book argues that mental analysis that works rapidly and somewhat almost instinctively is far much better and more prone to success than well informed, researched and clearly thought out decisions. The main subject of the book is thin slicing which is human ability to clearly make out what is most relevant within minimal periods of experience as opposed to well thought out research, in-depth observation and longetive analysis with all relevant facts at hand without making any ...

With the advent of internet and web technology there are many innovations taking place. According to an article by Bill Gates in 2000 entitled “enter generation i”, he predicted this generation to be that which cannot do without internet and web technology. Generation I is the internet generation where the full potential of the internet will be experienced. Bill gates states that generation I “will have no memory of life without the Net”. Generation I was expected to be a generation that has advanced technology.
With the internet, there are many changes in fields such as business, education, scientific. Business ...

Sociologists refer to deviance as any behavior, characteristic or a belief that violate, or deviate, or depart from, a basic norm and is likely to generate negative reactions or perceptions by the persons who observes or hears about the norm violation (Bartos and paul, p17). In addition, they further outline the ABCs of deviance as: Attitudes, Conditions and behaviors. Adler and Adler (2009) clearly explain why these ABCs are considered to be the major types of deviance. He explains Attitudes as any unpopular, unconventional beliefs that may or may not depict themselves in overt actions. In regard to behavior, he explains ...

Application of Framework of COSO and Enterprise Risk Management to Petters Group Worldwide/Petters Company Inc. case

Petters Group Worldwide / Petters Company Inc. was a fraudulent Minnesotan investment company that was transformed to one of the greatest Ponzi schemes by its then C.E.O, Tom Petters. The scandal cost about $3.65 billion. This was mainly conducted through the sales of promissory notes to willing investors. In 1988 the company began a general brokerage business which traded, with outrageous discounts, close out and bankrupt company merchandises. The company would sell these merchandises to dominant retailers in the market like Wall Mart. The payments were made to a lock box account with a requirement for manufacturers or the source of goods to ...

Introduction.

In simple terms, corporate governance accrues to the technique by which companies are managed and directed. It implies carrying out business as per the interests of customers and stakeholders. Corporate governance is carried out by the board of governors and all concerned committees for the benefits of the stakeholders. It involves creating a balance between individual and community goals as well as social and economic objectives (Steger and Amann, 2008). Corporate governance ensures success and growth. It maintains confidence from investors’ whereby more capital is attained for the growth of a business (Kalbers, Fogarty and Timothy, 1998). Proper governance ensures business ...

Abstract

Business ethics is a form professional ethics that addresses moral problems that arise in business environments. Ethics in business encompass avoiding breaking the law, avoiding actions that may result in legal suits being filed against the business and avoiding actions that may damage the image of the company. The scandals that rocked several American companies in early 2000, revealed rampant self-dealing, mismanagement, erroneous accounting procedures and other unethical business practices. In an attempt to restore investor confidence, congress initiated the Sarbanes-Oxley (SOX) Act in 2002. This paper seeks to critically analyze the business ethics issues as contained in the SOX ...

E-Commerce Business Environments

Any business that launches into the internet has to decide whether to operate in an open insecure e-commerce environment or a closed secure environment. One has to weigh the advantages and disadvantages of utilising each system

An Insecure Open Environment

In an open environment, the users are able to navigate on the site at a faster rate than in a closed environment. The users do not have to log in. Anyone can access the site and purchase items on the site. In this system, there are no passwords, encryption or firewall security features. The site may also have low customer interaction or purchase options because of ...