Frauds Research Papers Samples For Students

INSURANCE FRAUD

EXECUTIVE SUMMARY
Insurance fraud is the term used for explaining the misrepresentation that the individuals or a group of people make so that they can avail more benefits from the insurance companies to which they are actually not entitled too. The transparency in the representation is important for securing the rights and overburdening the company from the claims which have actually not taken place. The insurance companies take different measures for protecting the rights and ensuring that they are protected from the insurance fraud. For this the rules and regulations are implemented using which they sometimes protect themselves from ...

Arguably, online crimes and fraud are tremendously in the rise. Since the beginning of 21st century, many issues related to internet scams and frauds have been reported. In most cases, online crimes and fraud could be the most complex, and rarely discovered. Online fraud and crimes, has cost many nations billions on money and resources. Due to improvement of technology, online crimes continue to be sophisticated. Certainly, fraudsters nowadays employ high-tech minds, of which they commit online crime and going undetected. Most of the online crimes in the world today includes online gambling, financial crimes, forgery, cyber defamation, as ...

Fraud is an intentional action to do something that is illegal or unethical. It is done to cause damage to the receiving party. Many a times fraud is also done to gain something which could be money or inside information or knowledge. Fraud is a criminal offence. It cannot be justified. Many companies have gone through the fraud and there have been cases where the fraudster has been punished.
Revenue fraud is a type of fraud which affects the revenues of a company. It is done to manipulate the accounts and earn profits. Simply overstating or manipulating the revenues can cause a revenue ...

Abstract

All parties involved in worker’s compensation have the desire to eliminate fraud. A recent research shows that, fraudulent compensation of workers cost over $5 Billion annually. In California, over 25% of compensation claims are usually falsified, yet an average claim in California goes for almost $65 000. Therefore fraud needs to be avoided because it costs the state a huge amount of money which could have been spent on development projects. Fraud units have been put in place, but they have not been able to eliminate fraud. Worker compensation frauds can be eliminated by putting in place tougher compensation ...

Introduction

With increased technological advance and globalization, businesses in different industries and sectors are increasingly adopting online business systems as platforms for reaching a wider market as well as enhancing their efficiency and effectiveness. In that respect, the banking industry has been in the forefront in rolling out innovative products and services. However, the development has been matched by growing crime activities like internet fraud and scams which pose significant risks to the industry and individual firms. In that consideration, this analysis seeks to demonstrate the risks the internet fraud and scams pose to the industry and how they can be ...

In general, the term fraud may be defined as the act of being dishonest when undertaking an activity with the objective of gaining some advantage or benefits of which can lead to loss of confidence by the public when discovered. In the field of accounting, the word fraud means an intentional manipulation of accounting information by individuals working within the business entity with the objective of deceiving the public and the company due to selfish ambitions.

Most of the fraudulent acts that have being reported by the Federal Bureau of Investigation include those of corporate organizations. Similarly, results from ...

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Enron was believed to be one of the leading, innovative corporations of the world. The company that received the “America’s Most Innovative Company” award for six years in a row by Fortune magazine saw a sudden fall in 2001 and shocked the entire industry. The fall of the giant corporation did not only affect the industry but also shattered the dreams of the employees and stockholders of the company who had been bedazzled by the great profits.
The factors behind the fall of this huge corporations were never identified before ...

Interview

This interview was conducted through email. The respondent was Jacky Mills, a deputy public relations officer at California Workers Compensation county offices in Los Angeles. The interviewee was responsive and timely in supplementing answers relating to compensation fraud in California. Here are her responses on the ten interview questions.
Question 1: A single claim in California goes for about $65,000. This means that the government loses a lot of money through fraud annually and the fraudsters are not brought to book. Since this is a lot of money what can the government do to prevent fraud?
Answer: Despite presence ...

1 Introduction
This research paper discusses the history of financial auditing. Studies indicate that financial auditing has been evolving through many stages. In the 18th century, the practice of financial auditing was a traditional conformance to the role of auditing. It is clear that the auditing paradigm has been changing and will continue shifting into the future. Financial auditing originated from checking procedures in ancient civilizations such as Greece, Egypt and China. The industrial revolution period established the role of financial auditing. The Institute of Certified Public Accountants in America and The SEC (Securities Exchange Commission) play a critical role ...

Identity theft is something that occurs when a person uses another’s personal identity information, as his or her own. This personal information may include one’s name, credit card details, personal bank accounts etc. Using this information, the person who accesses this information can commit fraud and other illegal activity. Today identity theft is a very big problem throughout the world. According to the Federal Trade Commission (FTC), about 9 million Americans experience identity thefts each year. The criminals have plenty of opportunities to use the stolen identity and benefit. For instance the stolen identity may be used to obtain a ...

1. Reason for the Agency Securities and Exchange Commission Agency plays an important role in providing regulations which govern securities market functioning as well as protecting investors’ welfare in these markets. Nevertheless, this agency monitors the corporate takeovers in the United States. In general, Securities and Exchange Commission is the U.S overall agency whose main agenda is to enforce laws and regulations related to federal securities, stock and options exchanges. This agency was established by the congress in 1934 following the crash of the stock market crash which saw the American economy decline in 1929 (Graham, 1993). Following its ...

1. Reason for the Agency Securities and Exchange Commission Agency plays an important role in providing regulations which govern securities market functioning as well as protecting investors’ welfare in these markets. Nevertheless, this agency monitors the corporate takeovers in the United States. In general, Securities and Exchange Commission is the U.S overall agency whose main agenda is to enforce laws and regulations related to federal securities, stock and options exchanges. This agency was established by the congress in 1934 following the crash of the stock market crash which saw the American economy decline in 1929 (Graham, 1993). Following its ...

Introduction: Need for regulatory environment

It was the time of early 2000’s when the headlines of major newspaper were full of corporate fraud and the companies filing for the bankruptcies. Most of the companies were involved in the accounting restatements, i.e. major corrections of their financial statements and the count of such companies were growing everyday and were also posing a major impact over the stock market performance. Although the list was exhaustive, but the major corporations, that were found to be involved in the financial scandals were:
- Enron
- Worldcom
- Xerox
- Sunbeam
- Adelphia
...

The most important skills that a forensic accountant needs to possess.

Forensic accountants assist individuals and organizations by the provision of management support in the form of reviews of fraud, detection, and litigation. Their prime involvement follows a discovery or suspected fraud that requires investigations. Additionally, they consider issues such as the effects that fraud investigations might have on relationships between employees, management, and corporate image (Singleton and Singleton, 2010).
Consequently, it is crucial that a forensic accountant possess more that the fundamental skills and knowledge of auditing and accounting. Indeed, auditing forms a platform for a forensic accountant by its ability to the provision of an understanding of internal controls and materiality ...

Identity Theft

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Introduction

Identity theft is a type of scam where malicious attackers steal financial and personal information of their victims, assuming their identity and using it to hide from law enforcement and perform illegal financial activities. Identity theft was the most reported crime by consumers to the Federal Trade Commission (FTC). In 2014, over 12 million cases of identity theft cases were reported in the United Sates, costing the victims over $16 billion . Although this was a decrease from the previous year and issues of identity theft have been on declining since then, citizens are still advised to ...

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Summary

Cyber laws are established to ensure safe, fair and responsible use of the internet by all the users whether they are common internet using citizens or law enforcement agencies. These laws have been designed and have been evolving ever since because of the ever expanding canvas of the ethical considerations involved in the use of the internet. The law is confined to logic and debate, and anything that has not been debated on or legislated cannot be made a law and is hence the responsibility of the user as their ethical and moral duty. The common internet ...

Audit is an independent inspection of the accounts of an organization. Accounts include all the financial statements maintained by the organization. An audit will give an independent and professional view if the accounts are maintained properly or not. The people qualified to conduct an audit are known as auditors who are generally chartered accountants qualified to review the financial statements. Auditors are required to follow the standards and regulations set by the Board. They prepare an audit report which includes all the necessary details about the organization and presents it to the manager of the company. An auditor who ...

1.0 Overview
1.1 Introduction
1.1.1 Brief description of technology and associated Science
Wireless mobile payments rely on the technology of wireless internet connection as one of the emerging technologies. Mobile devices are used to affect various transaction payments ranging from paying bills, bank withdrawal and deposits, sending and receiving of funds, debt payments among others. All these transactions can be settled by the mobile handset holder irrespective of his or her geographical locations and irrespective of time. It is thus more efficient and reliable in reducing congestion of queues in banks, improving the speed of operations ...

1.0 Introduction
In the 1980s, serious corporate scandals were witnessed forcing scholars, researchers and other stakeholders to wonder whether the existing regulations were adequate to maintain the stability of companies. The need to reconsider the manner in which companies are regulated was further enhanced by an increase in the number of corporate scandals between 2001 and 2002. Due to corporate scandals involving highly esteemed companies like Enron and Arthur Andersen made regulatory agencies among other stakeholders to come up with regulations that would be affective in curbing such scandals. The Sarbanes-Oxley Act was signed in 2002, and the ...

Introduction

In existing period of time, due to the increasing intervention of technology in business practices, the norms and trends of business operations have been changed quite significantly. Nowadays, internet has become one of the major aspects of business practices undertaken by business organizations. The presented paper is directed to reveal some crucial information regarding e-commerce business operations and different measures undertaken by small scale business organizations for preventing risks associated with their e-commence related business activities.

Advantage and disadvantages of undertaking small business through online measures

Internet can be proved one of the most effective ways through which a business organization can approach its customers and sell its products to ...

Research on the Impact of Internet Fraud on International Trade

Internet Banking at Risk in the Virtual Environment

Technology had greatly influenced the way people do about their daily lives. The convenience that computers and internet brought dramatic changes particularly to the business sector. Technology enabled companies and their clients to make transactions over the virtual environment with the aid of internet connection. Having that convenience of technology allowed the majority of the world's population to rely on internet-based transactions at their own comfort. However, organizations and private individuals are not the only one lurking around the virtual community. There are several eyes waiting to capture those transactions and ...

Question 1. How do morality, ethics, and leadership play a role in shaping good and bad business?

Answer. With Enron and other similar scandals flummoxing the corporate world even now, the significance of morality, ethics, and sincere leadership automatically comes to the fore. There is no debating around putting the business into ethics or putting ethics into the business. Literature endorses that sustainable and fruitful business enterprises share values with the societies they operate in. The absence of this trait may put them under legal scanner or render them insignificant in the eyes of stakeholders.
Statistically speaking, 59 percent of respondents, in a survey conducted in 2006, rated their school programs as good for integrating ethics ...

Accounting 101

Deciding on Accounting Major
If I had to decide on the accounting major to pursue, I would choose to be a forensic accountant. This major of accounting deals with the investigation of potential frauds within a company, or prevention of fraudulent activities from occurring. Forensic accountants are also commonly known as fraud investigators, investigative accountants, forensic auditors, or fraud auditors. Of all possible accounting majors, this one attracts me the most due to a number of reasons, including the history of this major, the variety of potential employment places, the nature of the job itself, and the knowledge and skills commonly ...

Government Assistance (Welfare) in the U.S.
Government assistance and welfare programs in the United States are welfare subsidies and grants designed to aid the needs of the United States citizens. Funded and governed federally US welfare started in 1930’s while there was high economic crisis with proposals for federal programs beginning with Theodore Roosevelt's New Nationalism, expanding with Woodrow Wilson's New Freedom policy, Franklin Delano Roosevelt's New Deal proposal, John F. Kennedy's New Frontier and later in Lyndon B. Johnson's Great Society for the benefit of little or no income citizens of US (Barr). The government established ...

Answer to a.

In the year 2002, Congress passed the Sarbanes-Oxley Act, also known as SOX. The purpose of the Act is to emphasize regulatory standards to be maintained by public accounting firms, and the management and board of public companies. The top management and board of corporations are accountable for their company’s financial dealings and records. They are obliged to pledge the validity and accuracy of the financial data maintained by them. Further, the Act specifies severe penalties for organizations indulging in fraudulent financial practices. Finally, the ACT empowers third party auditors who evaluate the accuracy and authenticity of financial ...

INTRODUCTION

Corporate social responsibility is also known as CSR, and it is the growing social trend of businesses. It is now being practiced throughout the world by many companies to enhance their image and build good reputation of the company (McWilliams, Siegel, & Wright, 2006). Even many multinational firms today are highly active in such activities, regardless of the fact that wherever they are operating, they just want to have positive image of their companies and in a way establish relationships with their customers and other stake holders.
Corporate social responsibility is defined as the responsibilities that an organization has towards ...

1. Exposition
The role of PKI’s and its essence in gauging and controlling online access of customer web and online information is critically analyzed and given a prior enquiry

PKIs, Online Security and Business

This part centers its enquiry into the public key encryption and the results or consequences it poses on business. It forms the rubric of the paper.

How the PKI’s enhance Business Security

PKI’s adoption and installation in different business environments has had the competitive advantage of improving internet and online security. This part examines how this level of indulgence has led to ...

Introduction

Information system uses a set of components to collect, store and process data in order to deliver information, knowledge as well as digital products. Operations of business firms and organizations are carried through information system. It is also responsible for interacting with customers, competing in the market and managing operations of organizations. Corporations also use IS to process financial accounts, reach target customers and also to manage their resources. Apart from corporations, governments also use IS to provide services to citizens in a cost-effective manner.
Some of the Major forms of Information systems comprise of information management software and structural ...