Essays on Fraud Page 2

This is known as the ‘cooling off period’. If this section were not in place, a threat to independence may be created where member of an audit firm joins an audit client and is able to exert significant influence over the preparation of subsequent financial statements and/or otherwise influences the outcome of the audit. 2-add…

This paper will explain why the topic of White Collar Crime needs to be researched and what actions should be taken, while during the research. White Collar crimes has the power to win election, gain public trust, influence the press and give a person the impression that he or she can continue to lie so…

Medicare Fraud Medicare fraud is a topic I am familiar with due to working in the Durable Medical Equipment industry for just over ten years in various departments including compliance. While in compliance and billing management positions, I have attended webinars regarding fraud as well as kept up to date on ever-changing Medicare regulations. For…

Synopsis Bernie Madoff’s primary goal was to accumulate wealth, leading him to establish his own brokerage firm named Madoff Securities. Having been raised in New York City, he understood that Wall Street was the gateway to worldwide fortunes. In 1960, right after graduating from college, he set out on a mission to join the influential…

The fraud perpetrated by Bernard Madoff, which was discovered in december 2008, is based upon a ponzi scheme. Madoff took money from new investors to pay earnings for existing customers. The greater the payout to reting and withdrawing customers, the more revenue or clients he would need to start an “investment relationship” with. The ponzi…

Overview Flat Cargo Berhad was one of the largest airfreight companies in Malaysia, servicing several government linked companies including Freight Malaysia Berhad. FCB was a public listed Company operating primarily as an air cargo carrier. It was registered as an investment holding company with several subsidiaries with principal activities ranging from air freight services and…