Bad Faith Course Works Samples For Students

There are different levels of inherent risk in the different business process in Helecom. Inherent risk that could be caused as a result of the organizations’ management structure are low. The structure is well defined with the normal managerial positions of a telecommunications company. No added questionable positions that could be a means of carrying out fraudulent activities are added upon the organizational structure. The possibility of inherent risk is average when it comes to the financial analysis. The financial statements have been prepared according to the normal accounting standards and there is a good chance they were done by a professional. This further ...

Fraud and Abuse in Managed Care in America: An Introduction

The American government significantly knows more about health care reforms, and what requires to be put into practice to resolve the poor health care system. The major trouble the government is trying to deal with the considerable rise in health care expenditures that are creating a large number of patients that are registered all over the USA. There exist various factors that are linked to ...

Rob and Bunny Sherman want to file a suit against the Church of the Divine Light. They allege that one year ago, their 15 year old son called Rob Jr., was coerced into staying in the church. He was threatened by being told that if he left, he would be thrown into the eternal fires of hell. He was brainwashed and began believing that the church was his new family. He was also told to demand money from his parents to cater for his upkeep. Rob Jr. stayed in the church for a period of approximately six months. Rob Sr. and ...

Five different types of frauds are:

 Employee embezzlement
- Vendor fraud
- Customer fraud
- Management fraud
- Investment scams

Employee embezzlement fraud means that the employee of the firm uses his power or authority to manipulate the assets of the company for personal gain. In this case the victim is the employer or the firm. Employee can steal the assets of the firm which is called direct fraud. In case of indirect fraud, employee can use third party by asking for a bribe or hidden commission from suppliers.

In Vendor fraud, the manufacturing or selling companies charge their customers more ...

Question 1

In order to understand why people commit fraud, many companies use the fraud triangle to analyze the attributes, which make people commit fraud. The importance of the fraud triangle is to understand fraud and its significance demonstrated in the Darren Darren’s case. The explanation of why people commit fraud is examined by the use of fraud triangle. It evaluates the circumstances that make employees violate ethical standards and be involved in the fraud cases. Therefore, fraud triangle joins the perceived pressure, perceived opportunity and rationalization to facilitate fraud.
The first required attribute is Incentive, motivation, or pressure ...

Introduction

Organized crime refers to a network of highly centralized enterprises run by criminals in an organized manner and who are engaged in illegal activities. Such criminal organizations are well organized with a clear chain of command and segregation of duties among its members in much a similar way to a lawful organization or government. The only distinction between organized crime organizations and other lawful organizations is that they are engaged in illegal activities. It is organized crime organizations that are usually responsible for transnational crimes. Transnational crimes denote crimes that have significanteffects in more than one country. This is because such transnational crimes ...

Introduction

This part intends to introduce the concept of management fraud to the learners (executives) so that they can easily follow what is being presented. This part also discusses the reasons why management fraud occurs and what managers intend to do achieve by manipulating their financial statements. In this part, some recent corporate scandals are presented to show the seriousness of this offence. Thus, through introduction, managers will know more about management fraud, how it is done and the seriousness of this offence.

Effects of management fraud

This section highlight the main points of the presentation in brief that needs to be taken seriously ...

Introduction

Identity theft is on the increase. The target of identity theft is usually the high net worth individuals. Corporate executives are exposed to higher risk due to the value of their liquid assets. They need to be educated on the dangers of identity theft and the steps to take to mitigate future losses through this rampant form of fraud. Identity theft is also rampant within an organisation with workers collaborating with outsiders to defraud their bosses. The staff should be aware of the dangers and how to critically buffer the executives and the company as a whole from identity fraud. ...

- The sales principal documentation, processes, and records that should be put in place.
In order to achieve maximum benefits the process should be clearly outlined to follow a certain predetermined and generally accepted code. Winford services Plc will adopt a real time system for the entire swimming pool activities from the single visit tickets, seasonal tickets and the vending machines. Real time accounting systems will process and record individual transactions immediately as they occur and therefore there exists no time lags between the transaction occurrence and recording.

The real time ticketing procedure will be initiated in a manual step, whereby ...

Last week, we had to dismiss our finance manager, James Morris, for embezzling company funds. I insisted that the Internal Audit department, which discovered the fraud, investigate the matter further, and preliminary findings indicate that the practice is widespread and, in fact, known to occur in the Finance Department. I am therefore proposing that we revise our company policy to ensure stricter enforcement of our company ethics and create a culture that not only prevents people from engaging in fraud but also ensures people feel confident to report suspicious behavior that may indicate the presence of fraud. This new approach ...

A contract is a legal agreement entered by two or more parties all having legal responsibility to undertake. Once two or more agree to perform an agenda, they either put themselves into an oral or written obligation. Failure to meet the agreement known as a breach has a penalty that the breaching party incurs. Oral contracts are used for social agreements such as preposition bets where the obligation is not serious. Written contracts on the other hand serve as a crucial document when it comes to businesses, governments and unions in which have significance impact on the parties involved. This is because oral ...

LOSS PREVENTION POLICIES

Internal fraud is expensive running into hundreds of thousands of dollars in loss annually. It is mostly perpetrated mostly by the upper level management employees who have access to the company’s assets. Just to show how expensive fraud is, according to the Association of Certified Fraud Examiners, it is estimated that $660 billion is stolen annually by employees in the United States (Wells, 2011, p. 48). With these huge figures it is important for companies to invest in a comprehensive fraud prevention plan. A good comprehensive fraud prevention plan should encompass three main areas which are education (anti-fraud training ...

EVALUATING SECURITY BREACHES

Legally, fraud is described as the misrepresentation of facts using words or by conduct or by concealment of what should have been disclosed that is intended to deceive a person so that the individual will act to their own injury. Commonly fraud is said to be the act of depriving a person of something by deceit involving misuse of funds or other resources or misappropriation of information. It is characterized by dishonest behaviors such as corruption, bribery, collusion, forgery, false representation, deception and concealment of information. Fraud typically costs the typical U.S. Company 6% of its annual revenues. This translates to ...

Investigative procedures

In order to ensure that there exist a continuous good relationship with the plant controller and the other concerned parties. A proper way of handling this fraud should be taken, the director has various options to incorporate although some may not be very efficient. First of all the director can decide to employ enforcement of law, he can use a regulatory agency, private law Company, a team of external audits, or handle the issue in-house. When the in-house technique is employed, its applicability will depend on the breadth and duration of the problem and the available skills regarding in-house investigation.
In-house ...

(a). Principal Documentation Processes and Records

Karla Kay plc payments should be in such a way that no single person controls the entire transaction alone. The procedure for payment should include a presentation of formal documents to the authority that sanction the payment. The authorities should have a limit on sanction powers such that some payment requires the top management of KK Company to sanction. The records and documents of payments must be properly recorded in the cashbook and maintained. Checks have to be pre-numbered and checked to avoid double payment. Checkbooks should be kept in safe custody. Internal audits of payment are ...

Winford Plc is a company that has been awarded a contract by Westriver Borough of operations of the local swimming pool. In order to manage the sales and revenue generated by the services offered, an accounting system, has been developed. The main components of the new system in relation to sales revenue and tickets from vending machines will include principal documentation, the processes involved and the records to be kept (Champlain p.45).

The Principal documentation of the new system will be made up of two parts. The first part is the user documentation. The main purpose of the user documentation is ...

Winford Plc is a company that has been awarded a contract by Westriver Borough of operations of the local swimming pool. In order to manage the sales and revenue generated by the services offered, an accounting system, has been developed. The main components of the new system in relation to sales revenue and tickets from vending machines will include principal documentation, the processes involved and the records to be kept.

The Principal documentation of the new system will be made up of two parts. The first part is the user documentation. The main purpose of the user documentation is to assist ...

Investigative Procedures

Internal controls are important in detecting and preventing internal and external fraud. One of the objectives of an internal control system is to ensure the company assets are safeguarded from fraud, waste or other irregularities (Pfister, 2009, p 30). Internal controls are based on the concepts of segregation of duties, authorization limits and proper records or documentation of transactions. The internal controls also ensure physical security of the company assets. The detective internal controls include reconciliation of branch accounts and independent verification of transactions (Needles & Powers, 2010, p 264). However there are inherent limitations of internal control systems. They may ...

Question 1

At will employment is an American law which allows the termination of the employer-employee relationship without any liability thereafter. It should be protected because of various reasons. It gives the employee is freedom to strike, quite or cease working at any time without following any procedures. This makes the life of the employee very interesting in the work place for they are free to act according to their will. The employee is protected against being forced to act contrary to public policy. Employer cannot sue the employee for refusing to do what they consider to be immoral. The employee ...

Part A: Forensic Accounting:

1. Describe what is meant by the term forensic accounting, including the possible work that might be undertaken by forensic accountants (Note: you should discuss examples of the work undertaken by forensic accountants, possibly from media reports etc.)

Forensic accounting is also known as financial forensics which describes involvements of accountants in matters subsequent to forecasted financial disagreements and/or legal issues. It is called forensic due to its results and processes in the courts being recognized as legally valid. Forensic accountants are also generally known as forensic auditors who mostly provide financial legal proofs of some event in a court ...

This case study provides a description of some of the interventions methods used in the treatment of Alzheimer’s disease. According to Alter (2012), in Camelot Continuing Care Retirement Community some of the interventions approaches used include fabrication, deception and lying. However, some of these interventions may have some long-term effects on a patient with Alzheimer.

The article discusses the case of Sadie Cohen, who started experiencing forgetfulness and accusing people of trying to obtain her money. Some common symptoms involved the increase in the number of phone calls to her daughter to ask her questions of where her things might ...

The Horizontal Analysis

In the horizontal analysis of the company, one considers the various line items in the income statements and the balance sheet with similar items in the previous years. Looking at the year 2008, the company did not perform well. In terms of sales, there was a decrease in the sales compared to the year 2007. There was a decrease of $ 897,000 which is 15% of the sales revenue.
As a result of the low sales, the company suffered a loss in the gross profit. The profit reduced from $1.6M to $1.4M. When analysing the expenses, the website creation and maintenance is a ...

Ashford University

In the analysis of personal organizational ethics, it is important to consider the identification of the key problems that relates to the business ethics of the organization. With these two organizations, the Visayan Forum Foundation, Inc and Jollibee Foods Corporation, both have its key problems. The key problems are the core targets to evaluate the stands of the organizations, how they responded to the problems legally, socially, and politically. Consequently, from the individual responses of the organizations on legal, social, and political perspectives, ethnographic researchers can provide reflections and criticisms of their actions based on the ...

There can be many reasons for and importance of developing skills when it comes to detecting deceit. Such skills can prove to be useful in the field of criminal justice and law enforcement. Professionals who work in these fields often engage in interviews and interrogations with suspects, witnesses, and other key persons involved in a subject incident, and making sure that every key person is telling the truth is often vital to the process of solving cases or even in gathering information in a surveillance operation.

Detecting deception can be considered both a science and an art. There are many tricks and ...

One of the more popular professions in the current world is the profession of accounting. It is popular among many persons for various reasons. While some of these reasons are good, others are misplaced. They ought not to be termed as reasons as to why one would want to get into a particular profession in the first place. Such reasons include the belief that accounting is among the professions that present an individual with an opportunity to accumulate wealth very fast, albeit in an unorthodox manner. In essence, this submission seeks to highlight common criminal pitfalls that claim members of ...

1. What key needs in local law enforcement agencies must be met to improve response to computer crimes? How is the issue of computer crime currently addressed, and how do you feel that law enforcement responses could improve? Explain.

The of the key needs in local law enforcement agencies in improving the response to computer crime is keeping pace with the Tech-savvy criminals. There are has been tremendous changes in the computer field. The computing environment is becoming more and more complex. As such, the computer criminals are also coming up with sophisticated ways of overcoming the security mechanism ...

I would present two key ethical problems of the company. These are Fraud and Organizational Issues. There are numbers of issues that arise when it comes to fraud issues. In a non-profit organization, this trend is no longer a surprise in the non-profit world. Non-profit organizations are highly susceptible to fraud issues. Generally, non-profit organizations are established for beneficial purposes in accordance to the mission and vision of the company.

Problem 1

Particularly, Visayan Forum Foundation, Inc. or VF faced fraud charges in 2012. The problem rooted when the United States Agency for International Development filed a case against VF. The money in question ...

The skyrocketing per capita Medicare spending is accelerated by aging population, fraud, and healthcare cost. These progressively accumulate unfunded liabilities threatening the sustainability of Medicare programs.

The aging population is susceptible to chronic or acute illness making them to fall sick quite often making the elderly population to demand more medical services than the younger generation for example in 2002 Canada used approximately $8,208 per year per elderly persons and $1,428 per year per persons below the age of 65. As the medical costs increases with age, the cost of medical services given to the aged people ...

Heading

This memorandum is in response to the problem that the local authorities are facing when it comes to apprehending criminals involved in cybercrimes. The real and present challenges that local authorities are trying to deal with cybercrimes is the lack of necessary knowledge and equipment to be able to suppress the growing number of cases related to internet crimes. The growth of technology advancements overwhelms the current justice system because of the difficulty in pointing out the culprits. More and ore sophisticated technology are being used to commit cybercrimes and the local police has to be well equipped and ...

Virtue Theory

As a human being like Bernard Madoff, he is a businessperson with immoral business conduct. His immoral business conduct is a result of his defective character. He desired for power, fame, money, and abundant lifestyle. All his ambition became a vanity that created a trap and nothing left for him is the difficulty to break free. Moral philosophers categorized his character as vices. Vices are the perfect opposite of virtues. Vices are bad habits of character with its ...

The first step in combating any type of high-tech crime is to inform the public of its dangers and educate them on ways in which they can protect themselves. As the popular phrase states, “knowing is half the battle.” The best way to raise public awareness would be through a community public education campaign. At a minimum, the campaign should: (1) define what Internet fraud, illegal file sharing and online harassment are; (2) explain why it is illegal; (3) explain ways the citizens can fall victim; (4) explain what citizens should do if they are a victim; (5) explain ways that ...

The separation of duties within Kudler Fine Foods is important as it limits the amount of power any one individual holds (Gregg, Nam, Northcutt & Pokladnik, 2013). It also enables the management of conflicts of interest and the appearance of conflicts of interests, as well as prevents fraud. It requires that for certain sets of transaction, no single person will be able to perform all the transactions within the set (Ferraiolo & Kuhn, n.d.). As an example, fraud can be prevented in the handling of money by having one sales person take the order while another sales person marks ...

Limitations of the internal control systems

Internal controls are the procedures that the management institutes in the company in order to ensure the operations are running smoothly. The objective of implementing an internal control system is to ensure effectiveness and efficiency in the business, enable management detect, prevent and correct irregularities and ensure the organizational assets are safeguarded from misuse or theft. The internal control system however has some limitations. They are events that occur that will prevent the system from accomplishing the mentioned objectives (Pfister, 2009). The three inherent limitations of the internal control system are:
1) Collusion
One of the crucial ...

1. Email Message

First and foremost, the email message was received accidentally; meaning, it was not intended for my personal or professional consumption. As such, the initial response should be to make the sender aware that the email was sent accidentally to me. Secondly, since the message contains details (restructuring plan) that is still a plan at the onset, I am not in the authority to disclose any part of the message to anyone, even to my co-worker who could potentially lose his job. The response was corroborated by legal instructions cited herein: persons who “receives a misdirected communication containing ...

Introduction

The primary purpose of this project audit method is to carry out a systematic inspection of a point-of-sale at a hotel to assist in automating services. The hotel has for a long time been using an over-the-counter register in its interactions and a manual inventory for its suppliers. The new technology offers a new way by which to increase the speeds of transactions and accuracy of the orders. Installation of the new electronic point-of-sale is done in a bid to maximize customer experience and take control of the inventory, and secure the systems at all points of entry. The electronic point-of-sale would enable the management of ...

There are five stages in the information systems development process. These are initiating stage, planning, executing, monitoring and controlling, and completion stages. It is these stages that form the systems development life cycle (SDLC).It is the role of the systems analyst to act as the project manager of the information systems project. Throughout the system development lifecycle, it is the responsibility of the project manager to initiate, plan, execute and close down the systems development project. Management of the project is actually the most important phase of an information system development project. Efficient and effective management of the ...

Ashford University

We Need Regulation: Adolf Berle and Gardiner Means offered three reasons that financial managers cannot be trusted to act ethically in how they present themselves and their financial books. First, exploitation of workers is evident in any corporation with its purposes to keep costs low and to raise profits. Second, they reap much profit from the company for self-interest in large bonuses and dividends. Third, a self-serving behavior and improper procedures of the corporation’s accountants and auditors are being practiced.

The Marketplace Can Decide: Henry Manne, a free market supporter, argued that companies could not hide falsehoods in a ...

There is usually a thin line when determining between legal and ethical issues. In marketing, the strategies used are mostly informed by legal and ethical considerations. The same is true when considering product safety and intellectual property. This means that there is a close relationship between law and ethics; however, it is the existence of the law that makes ethical values enforceable. In general, therefore, ethics are those values or rules of conduct that are created so as to guide a particular group of people while legality is something that pertains to the law. Ethics, in other words, should be contemplated within ...

Introduction: This film describes the dirty trick made in a top TV quiz show during the 1950s that led to the general belief that many of the popular TV quick shows at that time were rigged, and that contestants were given the answers before the show. This incident is considered a milestone in the TV spectrum because it suddenly pours cold water on a sizzling show that many people were excited to watch. The appeal of this quiz program is not focused on the scandal, but on the result. The readers of this paper will find it interesting to read because it ...

Risk Management

Risk management is the process of identification, analysis, and mitigation of the investment decision-making uncertainty. The risk management happens anytime the investors or fund managers analyze and attempt to count the potential for losses in investments and do the proper action with the risk tolerance and investment objectives. If there is an inadequate risk management then it results to severe consequences both the companies and the individuals. Risk management determines the existing risks in the investments and handles the risks appropriately with the sets of objectives. In addition, risk management is concerned with the preservation of the assets and ...

Corporate liability is a business term that refers to responsibilities of a company in relation to employer’s criminal actions. The legal responsibility for criminal actions or failure to act to employee’s commitments results to neglect. “Negligence causes prosecution-related punishment to corporation” (Laufer 76).

HealthSouth Corporation is a Company that deals with rehabilitation, diagnostic services and surgery in the medical industry. The company has its headquarters in Birmingham Alabama in the United States of America. The company had 23,000 employees by the year 2010. In 2003, the company recorded revenue worth of $4.5 billion that was the best ever ...

Question 1

Trust is a significant for organizations, teamwork and efficient negotiations. Despite this, trust violations have been very common in my working life. Trust violations are incidents that decrease the core values in and trusting intentions toward a person. Violation of trust happened when a coworker exploited the trust I had on her by neglecting to fulfill expectations. We had planned to work together on a project that could lead us to a promotion, but she did not participate in the project, yet demanded the evaluation based on this project. She violated the trust I had by exploiting dependencies. Similarly, I experienced a violation of trust ...

In order to be a professional accountant, one needs ethics. Throughout history, accounting has partially reflected morals practice in the world of business. A successful accounting profession requires ethical knowledge and skills. The knowledge and skills helps the accountant to differentiate between right and wrong and build a personal fortitude to make the right decisions.

By keeping in mind ethical factors, accountants can easily manifest peer pressure. Accountants who practice high ethical standards, never focus on short term goals like keeping up revenue goals or satisfying investors, instead, they focus on the long term goals. This helps the company because successful ...

- Briefly discuss the benefits and limitations of the organizational grapevine.

Organizational grapevine refers to the informal communication network that exists in organizations. It allows transferring information (including gossip) among members informally and is based on personal relations and trust. Although grapevine is hard to formally define or implement in the decision-making, the costs and benefits of grapevine cannot be ignored. Firstly, grapevine is usually faster in transmitting information and could allow managers to make more rapid decisions. Grapevine information is usually more flexible as it is not confined within formal communication frameworks. The use of grapevine communication channels ...

Question 1

A contract can simply be defined as a legally enforceable agreement between two or more parties or entities. It is an agreement which places different obligations on the various parties to the contract. The breach of the obligations created by the contract would amount to a violation of the contract and the aggrieved party would be entitled to the various remedies that as per the terms contained in the contract . For an agreement to be considered as a contract and thus enforceable in law, it must have some certain characteristics. These are referred to as the elements of a contract. The elements of a ...

Introduction

In compliance with Abacus’ mission statement, which emphasizes the importance of customer service, this Code of Conduct will instruct employees on the unacceptable forms of behavior. Because Abacus is transitioning from the manufacturing industry to a company oriented on customer service, employees are expected to maintain a high level of professionalism, performance, and responsible behavior at the workplace. However, according to Abacus’ belief in the positive discipline approach, the company also informs the employee about their rights, the company’s responsibility in improving problematic behavioral patterns, and the outcomes of such disciplinary actions.

Workplace Performance Expectations

Employees who work in customer relations have the ...

Introduction

“Billions over Baghdad” is an investigation report, prepared by Vanity Fair contributing editors Donald Barlett and James Steele, published in the October 2007 edition of the magazine. The report exposes how those billions of dollars that flew from Federal Reserve Bank of New York to the War Land of Iraq in the name of financial assistance and human aid, get disappeared as if these haven’t even exist. The incompetence of US officials overseeing the entire matter, the mismanaged transfer to the local bodies and the corrupt and greedy contractors and ghost employees made the entire game possible. ...

The neoclassical theory of the firm explains that firms are run entirely for the profit motive of its owners. This has been a widely held theory for many years, with the knowledge that all businesses are purely profit maximizing entities, whose intention is to make profit regardless of the circumstances, actions or omissions.

The profit motive assumption postulates that all actors in the business enterprise are driven by the need to increase their earnings from the business profits. The management wants to earn large pay and bonuses whereas the shareholders want to increase their value for their stocks.

Adam smith, ...

Psychology Questions

PSYCHOLOGY

1.Define prosocial behavior
The activity of helping or being of benefit to someone without having a particular goal to achieve rather than just to help. This view mostly on the consequences of such actions.

The act of doing things just to help but not under the obligation to do so. It focuses more on the desire to just help I.e. more of the actions of helping than the consequences of the acations.

Helping behavior

This is the tendency to always show the altrusic activities

2. .Prosocial behavior as inborn

Is believed that prosocial behavior can be transmitted in genes so ...

The interconnectivity between the world’s largest stock markets is based on the world’s interdependent global economy. No longer does one country exist without interaction with other countries. No longer are countries isolated from each other. Instead, countries rely on each other for everything from raw materials to the production of goods and services. This interdependence is reflected in the stock market and other facets of counties economic systems.

I believe that Japan has the most influence on the United States’ stock market. The correlation between Japan and the United States’ high market movements is high at most ...

1. What should the Connecticut Company have done to prevent the computer intrusion described in this case? What should it have done to detect this computer intrusion?

After the computer system has been compromised with, and an intrusion is detected, a computer forensics investigation is necessary to stop further intrusion. The Connecticut Company ought to have put in place preventive measures in order to prevent intruders from accessing their information. In case, the preventive security measures fails, Intrusion Detection System, IDs, is implemented which completely detects any intrusion into the system, and, if the intruder is indentified necessary legal actions ...

Plagiarism is the act of knowingly copying somebody else’s work. During academic studies, students are encouraged to research theories and use them to influence their own work; this research must always be referenced comprehensively so as to give credit to where it is due. If this is not done correctly, then it is plagiarism. To put it at its most extreme, plagiarism is an act of fraud and it seen as theft. You are committing plagiarism by handing in someone else’s work as your own, failing to cite a correct source for information, using someone else’s words ...