Essays on Red Flags

Abstract

The Madoff Securities scandal was one of the biggest Ponzi schemes to hit America. This essay would examine the Madoff scandal from an audit perspective since it was the complacency (or collusion) of the auditors that encouraged the perpetrator of this scam. While the scam that was pulled by Bernie Madoff, was both large and difficult to spot, its detection also helped expose a crucial flaw that existed in corporate America at the time. This was the lack of regulatory oversight in the Securities business. While one could lay the blame for this scandal on the Regulator, another important ...

I would comment that the video should be a source of learning and awareness to everyone who is aspiring to get into healthcare and is or is becoming a pharmacist. It will help them to assess any such person who might be a drug diverter, and they can capture them in the act and report them to the concerned authorities. It will be a step forward in preventing people from ruining their lives at the hands of drug addiction. One critical moment I have observed is when a woman once came to the pharmacy and asked for a couple ...

The comment I would leave on the video would be one regarding the action needed to be taken against the pharmacies which do not pay attention to the prescriptions and clinics which write these prescriptions for the people in the first place. This is importance because the video reveals how the pharmacists caught the people as their actions and prescriptions were suspicious, however, there is no concern revealed regarding taking any action against the mentioned clinics which have a doubtful operation running in the country. I had observed a critical moment when I happened to be in a pharmacy ...

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Chronic pain is a condition of pain caused by an unresolved injury. Usually, a pain is considered chronic, if it persists for more than 3 months. It is not only a symptom of other problems but can be a syndrome having both physical as well as psychological dimensions. In order to evaluate the chronic back pain, detailed history of the patient has to be taken and thorough physical assessment has to be done (Buttaro, 2013).

Evaluation of a patient with back pain

Pain assessment can be done by the use of a mnemonic device, PQRST. P is related to provocative-palliative factors such as ...

Introduction

The main issues with Parmalat include the ineffective audit planning process and risk management. The company was involved in the fraud and misrepresentation of the financial statements. In addition, due to ineffective audits the company had to face severe consequences at the end. There is a need to implement effective audit strategies and risk management process.

It is important for the auditors to confirm cash balances with the financial institutions that are used in the cash reconciliation of the company like Parmalat. By using standard from confirmation, the auditor requests financial institutions to confirm by examining their records about ...

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Introduction

The failure of Enron due to unethical practices had served as a lesson for the entire world. Firstly, it was first of its kind and secondly, there was a chain reaction of wrong actions to cover up smaller misdoings. Every field of study tried to find out the real reasons of failure of Enron as a corporate. Some claimed it to be financial failure, some as leadership failure, some as cultural failure and some as corporate governance failure. This case is one of the basics to understand corporate social responsibility and implications of failure to ...

The Madoff Securities case was a phenomenal one, in terms of the sheer size of the funds involved, the duration over which the scam took place as well as the stature of the victims affected. In most comparable schemes, the victims are usually those who have a very limited understanding of financial products and such schemes mostly do not last very long. This paper will review the case by determining the regulatory oversight in place at the time of the scandal and reasons why this scheme was not discovered as well as delve into other aspects of the case.

Regulatory Oversight of the SEC

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Introduction

Suicide is a leading cause of death in America leading to losses of family supporters and human capital for the nation. Often, signs signaling the imminent decision to take one’s life precede suicide. However, despite the red flags manifesting before the actual event, the families and friends of the suicidal patient note the red flags after the actual event takes place. Consequently, there is a tendency to blame one for missing the signs of the suicide from the onset. Whenever there is a call indicating the possibility of one taking his or her life, the first responders are ...

Headache is a common complaint that afflicts most of the adult population at some point in their lives (Hainer & Matheson, 2013). Headaches are by and large a subjective phenomenon with few objectively measurable factors (McMurtray & Saito, 2014). Most headaches will be the benign, but a small percentage will indicate an underlying neurologic or systemic pathology (Hainer & Matheson, 2013). The purpose of this paper is to investigate the chief complaint, “I have headaches or a headache.” The paper will discuss the objective and subjective data that needs to be collected, headache triggers and drug treatments, and the health promotion strategies ...

Child sexual abuse is something that can be very terrifying for a child and could potentially destroy the child’s ability to function normally throughout the rest of their lives due to the aversive emotional implications. It could lead to maladaptive behavior as the child matures and becomes an adult. Nevertheless, there are specific cues to look at in cases where a teacher, parent, guardian, or anyone concerned is in suspicion of such abuse-taking place. As the school counselor, there are a number of things to consider in the case of Brendon and Kyle; this is because making the ...

Chronic back pain is one the key health problems encountered especially in primary care. As such, proper evaluation of patients with a history of back pain is an essential step that guides and enables healthcare professionals to come up with suitable interventions as well as management strategies. In the light of this, the evaluation should include a comprehensive history assessment as well as the physical examination. Among the key components to include in the patient’s history assessment includes; a brief description in regard to the onset of the pain, duration, pattern and intensity of the back pain, activities ...

How anti-money laundering compliance with regard to hawala based in Dubai with customers in all continents in the world should be conducted.

Introduction

Hawala is a system of transferring money from one country to another using a trust-based network and alternative modes of exchanging value for value (Levy, 2016). Immigrants working in a foreign country who want to send money to their families in their home country usually use this system (Pathak, 2003). A sender gives a hawala broker or hawaladar the money for remittance. The broker provides the sender with some kind of code for the recipient to get ...