Fraud Article Reviews Samples For Students

The issue of online credit card fraud has become one of the major crimes that can easily be committed using the internet. Due to the lack of policies and laws to prevent the crime, the number of victims continuous to increase since most sale transactions can be completed online using the internet. Online credit card fraud poses damage to the public but requires federal legislation to prevent future crimes. There is lack of corrective mechanisms to deter the proliferation of the online credit card fraud to prevent damage to future victims.
The article of Segal, Ngugi & Mana (2011) explains ...

Introduction

Occupational fraud is a fraud that is committed by the employee to an employer is also called employee fraud, there are much common in most companies which it leads to financial losses .as much as the people working stay in the company they will hide the fraud forever.

The article: 2013.

During the cannas film festival a necklace which was worth about $2m after a star studded though the event was every guarded the necklace was not found, the event is normally held to promote jewel. The jewel was stored in a safe and there door to the safe was not broken the police did investigations ...

Professional Skepticism means an approach towards accounting which includes a questioning mind and being in a position which questions a possibility of fraud, errors or misstatement and is a critical evaluation of audit evidence. It is essential for a quality audit. Professional skepticism is a skill which is very similar to professional judgment and helps in providing an opinion for an audit engagement. Professional skepticism helps in asking questions which make sure that any information provided is true. It is an approach which is similar to a judgment and auditors with professional skepticism tend to make good decisions as well as provide correct information on the ...

White collar crimes are financially motivated and non-violent crimes majorly committed by people of high social status. The term “white collar crime” was coined in 1939 by Edwin Sutherland in his speech to the American Sociological Society.White collar crimes are difficult to detect and prosecute. Perpetrators employ highly sophisticated methods to commit crimes and hide the heinous activities through a chain of complex financial transactions. Punishment for these crimes involve: incarceration, restitution, community service, probation, criminal forfeiture, fines or disgorgement.

Bernie Madoff's $50 Billion Ponzi Scheme-Forbes Magazine

This prominent investor was involved in a Ponzi investment scam with the Madoff’s Hedge Fund. A Ponzi scheme is a fraudulent ...

John E. Ouelette, CFE (Certified Fraud Examiner) narrates the true story of fraud perpetrated via e-bay online auctions. Ellie (Eleanor) Wallace is a 63 year old widow with three grown-up sons, and runs a small business of brooches, rings and trinkets. Her husband had left her sufficient money to live comfortably but Roland Granger, an experienced antique sales person, woos Ellie and convinces her that they should operate together in the antique business. He divorces his wife of 7 years, moves in with Allie and the couple gets married. They start their business (Classic Collections) with Ellie’s capital. Ellie’s ...

A typical fraudster is a male aged between 36 and 45 years, who is employed by the organization for more than ten years, he is a part of the senior finance position and successfully manages a fraud against his own employers with the help of another perpetrator. There has been an increase of 25% in the cases involving weak internal controls and an exploitation of the same. There are various reasons for an increase in weak internal control which are the tight budgets which force the company to cut on the expenses incurred for internal control, Fraudsters are taking advantage of this ...

Barry Minkow, founder of the ZZZZ Best carpet company perpetrated one of the most shocking frauds ever reported in the United States. More shocking, however, was the fact that a fraud of such magnitude happened under the watch of the Securities and Exchange Commission (SEK) as well as a well known accounting firm.
The fraud in question involved duping the public to invest in a company, ZZZZ best carpet company, in reliance on fraudulent financial statements. Minkow doctored the financial statements so that they could appear appealing thus enabling banks to extend credit facilities to him in pretext that he was ...

Introduction

Internal audit refers to an objective declaration and independent activity consultative in nature and which is designed to enrich the value and advance the daily operations of an organization. This helps a given organization to achieve its desired ends since it brings in a disciplined and systematic approach on how to approach, improve and evaluate efficiency of managing risks, governance and control processes. (Picket 81).

Internal audit catalyses improvement in an organizations’ efficiency and effectiveness by giving room for recommendations and insights which are normally inclined upon assessment of data, analyses of such data and the processes of conducting such business. ...

Preventing Embezzlement: If You Make It Easy For People to Steal From You, They Will

Summary
The aim of this assignment is to review the article “Preventing embezzlement: if you make it easy for people to steal from you, they will” written by Frank. W. Abagnale. The KPMG conducted a survey of 1000 top international firms in the United States and asked them to give ranking to the issues that hurt their organization most. The survey revealed embezzlement as number one crime that hurt organizations most.

Background

The overall paper discusses the prevention measures from fraud and advises organization the ways that can be used to detect fraud. The focus of the paper is on ...

1. Anderson, L.V. (2016, May 19). Ethics compliance training is a waste of time. Slate Magazine.
This article, despite the cynical title, provides good research concerning the process by which companies implement ethics compliance training programs, including what incentive they have and how the external legal environment influences them to do this. The article begins by stating that the predominant form of ethics compliance training that all onboarded employees typically take in corporate organizations in the United States are in the form of eLearning courses. The article describes the typical mandatory basic ethics, harassment and discrimination training that are ...

The article talks about the use of computers in auditing and fraud detection. It introduces a new term “Inductive Logic Programming” that is under development these days in order to detect fraud even before they occur. It relies on mathematics algorithms and programming to detect suspicious patterns and report the fraudulent activity before it occurs. For example, during bad weather, very few people leave their homes, and if during such time a card from that area is used, it will report it as a suspicious transaction. This is not new, currently many banks throughout the world use “Neutral Networks” in order to ...

Auditors Wield Mathematical Weapons to Detect Cheating

Auditors Wield Mathematical Weapons to Detect Cheating
This article is dedicated to the depiction of the case when the analysis of the accounting data may reveal the ethical misconduct and accounting fraud. The team of the forensic accountants has dedicated their activity to the assessment and evaluation of the refunds, which were issued by the national call center. The forensic accountants have identified that there was exceed number of ‘fours’ in the data – only accountants are able to reveal and address the pitfalls, implied by such issue.
It was identified that the lion share of the refund-related operations was ...

Where Auditors Fear to Tread Article Review

In the article Where Auditors Fear to Tread, Paul M. Clikeman brings to light the issue of earnings management. Clikeman argues that earnings management should be classified in the same category as fraud because both earnings management and fraud have one thing in common: misrepresenting the organization’s financial performance. Clikeman goes further to allege that the flexibility within GAAP (General Accepted Accounting Principles) allows this subtle form of fraud to take place. He further asserts that this unethical practice is either ignored or even encouraged.
The article also gives some of the reasons as to why managers ...

Bitcoin is purely peer-peer electronic cash that makes it possible for online money payments to be remitted directly from one party to the other without having to go through financial institutions. With bitcoin, digital signatures are considered part of the solution but the problem arises when the trusted third party is needed to curtail any form of double spending. The solution to this double spending lies in bitcoin; this is because it timestamps transactions by hashing them into a hash-based work proof. This makes it form a network that will not be altered unless the proof-of work is redone. Bitcoin has ...

Criminal Justice

1 A Spatial Analysis of Neighbourhood Crime in Omaha, Nebraska Using Alternative Measures of Crime Rates

The research focuses on four kinds of crime and their spatial patterns. The crimes studied are: a) robbery, b) assault, c) burglary, and d) auto theft. Geographic information system or GIS procedures were used to correlate the occurrence of these crimes with the characteristics of a neighbourhood in the City of Omaha, Nebraska. Ordinary least square methods were also employed. For alternate measures of the crime rate, crime density and crime location quotients were deduced. There research yielded three vital results. To begin with, the findings ...

The article From White-Collar to Red-Collar Crime discusses the dangers which white-collar criminals may pose. Although typically assumed to be nonviolent offenders, that when threated with the prospect of being caught and imprisoned, many white-collar criminals are willing to resort to committing very violent acts. The article describes the violent acts committed by white-collars criminal moving into the violent crime arena as red-collar crime.

Perpetrators of white collar crime are not all high level executives anymore. Technology has made it easier for ‘street criminals’ to commit white-collar crimes. Many people including those in law enforcement may be under ...

The article focuses on the operations of corporate firms in the United States. According to the article, the corporate executives are expected to conduct themselves in a prescribed manner. Previously, the executive of various foreign firms was allowed to conduct themselves in an environment with more freedom. Due to the above mentioned freedom, the foreign firms were able to make a myriad profit as compared to the domestic firms. Reportedly, the corporate executive could easily engage in fraud or corporate misconduct, this enabled the firms to make a higher profit, since they could engage in fraudulent activities to earn illegal profit. Come ...

This article review provides a comprehensive analysis of the article provides and tries to make a connection between the article and the class text. From the text, there are three pertinent issues that have been put into consideration in the chapter involve responsibilities of superiors in an organization. The first point put across is the source of different organizational pressures within an organization. This seeks to evaluate the team dynamics of an organization. The author further elaborates the appropriate remedies that can be employed to solve organizational pressure. The second point is the ethical autonomy of every employee within an organization. ...

According to Secret (1), a New York City a police officer was charged with violating a black man’s civil rights. The police officer was charged after accusing the black man of resisting arrest. The officer Daragjati, used a racial slur to boast about the arrest. The officer was also charged with extortion, making a death threat and fraud in other episodes. Officer Micheal Daragjati who is white and acts as a plain clothes police officer was charged in condemnation in a Brooklyn Federal District Court for frisking a black man in Targee Street (Secret 3).

The black man was arrested by the police officer because he ...