Case Study 1 Fraud Essay - 1128 Words

Case Study1: And the Fraud Continues A business can not work out without an account system, which includes internal. Internal controls are used by companies to make sure financial information is accurate and valid. Strong internal controls are signs of a financially healthy company and protect the company’s integrity. Strong internal controls can also increase a company’s profitability. There are several types of internal controls that companies used to protect themselves such as: Segregation of duties, asset purchases, supervisor review, internal audits and adequate documents and records. This paper will discuss several topics from a case study about And the Fraud†¦show more content†¦Placeholder credits this trick was used when customers were contacted regarding their overdue accounts receivable and MCI was informed that a payment would be sent in. MCI would then credit their receivables before receiving the cash; this trick was used by Pavlo was manipulation be he know what the system would all him to do in order to stall tactics, to recognize bad debt and uncollectible receivables that would have to be expensed on the income statement. If I suspected fraudulent activity within n organization where I work, I would use a professional skepticism approach. This can be broken down into there attributes: 1. Recognition 2. Questioning min and a critical assessment of the evidence and 3. Commitment to persuasive evidence Professional skepticism practices as neutral but discipline approach to detection and investigation. Per SAS No. 1 it suggests that an auditor neither assumers that management is dishonest or assumes unquestionable honesty. Professional skepticism requires fraud examiners to â€Å"pull on thread† in which means Red flags are warning signal or something that demands attention or provokes an irate reaction. Red Flag symptoms of fraud may be divided into at least six categories: unexplained accounting anomalies, exploited internal control weaknesses, identified analytical anomalies where nonShow MoreRelatedBasic Issues For The I 130 Marriage Based Study1417 Words   |  6 Pages This paper documents the basic issues for the I-130 Marriage-based Study and some of the challenges which hamper the swift execution of the study. The paper begins with a brief description of the study purpose, follows by important definition of key study concepts for marriage-based IBFA and a discussion for the sample size needed to execute the study optimally. Recommendation solutions are provided at the end of the paper on how to specify the roles for OPS and each stakeholder and members ofRead MoreInternal Fraud Case Study Essay650 Words   |  3 PagesCOVER STORY: INTERNAL FRAUD CASE STUDY Prepare a two-to-three page case study report on the following case: COVER STORY: INTERNAL FRAUD on pages 104-106 in Chapter 4: Billing Schemes of the Fraud Examination text by Wells. Discuss the coincidences involved in this case study. Use the 2009 Global Fraud Survey (also located in Doc Sharing) for references concerning perpetrator, size of fraud, detection, and controls. This case is about the $4 million embezzlement fraud by an employee of a magazineRead MoreInternal Fraud Case Study642 Words   |  3 PagesCOVER STORY: INTERNAL FRAUD CASE STUDY Prepare a two-to-three page case study report on the following case: COVER STORY: INTERNAL FRAUD on pages 104-106 in Chapter 4: Billing Schemes of the Fraud Examination text by Wells. Discuss the coincidences involved in this case study. Use the 2009 Global Fraud Survey (also located in Doc Sharing) for references concerning perpetrator, size of fraud, detection, and controls. This case is about the $4 million embezzlement fraud by an employee of a magazineRead MoreInternet Scam1309 Words   |  6 Pagesin Internet Scam? The aim of this chapter Chapter 1 : I.Introduction The aim of this chapter is to give an overview of Internet fraud in general. The Internet fraud definition, types and examples will be discussed. The chapter identifies some web applications that are suffering from Internet fraud as well as some statistics for Internet fraud impact. It also presents some existing techniques and strategies to detect and prevent Internet fraud. The Intemet is a very important medium of communicationRead MoreDetecting Management Fraud in Public Companies782 Words   |  3 PagesAccusing the wrong companies of fraud is costly, both to the accused companies and to the public as a whole as such false claims to an injustice to law enforcement, investor and even public participation processes. Detecting Management Fraud in Public Companies is a refinement and confirmation study of the past studies that tested various models for detecting fraud, and updates them by checking how much more efficient they might be with newer methodologies that allow for more credible data managementRead MoreCorporate Fraud Has Taken The World By Storm For Over The Past Decade1479 Words   |  6 PagesCorporate Fraud Introduction Overview Corporate fraud has taken the world by storm for over the past decade. The biggest fraud cases to ever occur happened in 2001 and 2002 and since then fraud seems to be more and more common around the world. According to Forbes.com (n.d) the biggest fraud cases to ever occur was Enron, Bernard Madoff, Lehman Brothers, and Cendant, with Enron being the largest accounting scandal to ever take place. Prior to Enron’s fraud scandal coming to light in 2001, theyRead Morerocky and moutain817 Words   |  4 Pages1. Is this an example of fraudulent financial reporting or misappropriation of assets In this case, it is misappropriation of assets because the fraud is the consequence of the employee theft. As it is stated in the case â€Å"manager at Aspen store was stealing payments by customers on accounts. That’s why subledger was out of balance with the GL. To cover it up, the manager debited the sales account, which was why the gross margins didn’t make sense.† 2. What created an opportunity to commit the fraudRead MoreAcc 556 Week One Memo1179 Words   |  5 Pagesdiscussed in this memo: 1.) The impact of occupational fraud and abuse on the company, 2.) U.S. governmental oversight of accounting fraud and abuse and its effect on the organization and, 3.) Potential corruption schemes to be aware of. This information will be followed by a recommendation of the types of accounting evidence and methods of gathering such information to support a financial review. The Impact of Occupational Fraud and Abuse on the Company Occupational fraud occurs when an employeeRead MoreForensic Accounting1497 Words   |  6 Pages A study conducted by two professors from Rider College interviewed over 150 lawyers, Certified Public Accountants (CPAs) and accounting educators. The study identified sixteen skills needed by forensic accountants. According to the study, the five most important skills are analytical skills, basic accounting skills, problem solving skills, data analysis skills and interviewing skills (McMullen Sanchez, 2010). Forensic accountants need analytical skills because as they review financial reportsRead MoreFinancial Fraud Against The Corporation1035 Words   |  5 Pagespremature determination of revenue are by far the most common fraud against the corporation (p.4) Facts and Statistics on Financial Fraud and Embezzlement According to Mitric, Stankovic, and Lakicevic, (2012) financial fraud and embezzlement are clearly two distinct configuration, however share several common characteristics and qualities. Mitric et al. also indicated that company top executives and managers or owners normally are responsible for putting its own company in financial troubles and

The Effectiveness Of Cbt For Children With Anxiety

The Effectiveness of CBT for Children with Anxiety According to the National Institute of Mental Health (NIMH) (2016) about 6% of children in the United States suffer from a severe anxiety disorder. Other studies cite figures closer to 10% of children being affected by extreme anxiety disorders (Girling-Butcher Ronan, 2009). While figures may vary slightly, there is no doubt that a large number of school-aged children grapple with a disorder that can disrupt and damage their functioning in schools and social situations. Chiu et al. (2013) state that anxious children can also suffer from â€Å"high rates of school refusal, poor academic performance and impairments in school functioning† (p. 142). While anxiety disorders seem to be among the most common of childhood disorders, most children with a diagnosable anxiety disorder are not receiving any assistance (Stallard et al., 2014). Further, many studies indicate that anxiety disorders in children do not tend to dissipate without treatment; rather, these disorders continue to affect a child’s well-being and functioning as they grow and can have negative consequences on school performance and social functioning in later years (Saavedra, Silverman, Morgan-Lopez Kurtines, 2010). It appears that if effective interventions are not implemented to address diagnosable childhood anxieties, the symptoms can progressively become more severe and debilitating (Girling-Butcher Ronan, 2009). CBT utilizes specific, research-basedShow MoreRelatedThe Efficacy And Effectiveness Of Social Anxiety790 Words   |  4 PagesThe substantial evidence for the efficacy and effectiveness of CBT is based primarily on studies looking at â€Å"standard† CBT interventions, which typically consist of 11- 18 weekly sessions. In general, the field of psychotherapy has been shifting toward brief, more intensive approaches in order to reach more patients and become more cost-effective (Ost and Ollendick 2017). Further, recent studies have suggested that for exposure to be maximally effective, it should be delivered in sessions that areRead MoreSeparation Anxiety Disorders1401 Words   |  6 PagesThere are several treatment options for separation anxiety disorder in children. The golden standard treatment of separation anxiety and other anxiety disorders is cognitive behavioral therapy, also known as CBT (Ehrenreich, Santucci, Weiner, 2008). There are a couple of goals for this appr oach that involve both the child and parent (James, James, Cowdrey, Soler, Choke, 2015). These researchers state that one of the goals is for the child to be able to recognize their own anxious feelings andRead MorePaper856 Words   |  4 Pages Children of anxious parents are at greater risk for developing anxiety disorders (Schrok 2010). High parental control, insecure attachment and the parental modeling of poor coping strategies have been identified as parent-related risk factors that may contribute to the development and maintenance of childhood anxiety disorders. In response to the growing research on the influence of parental factors, a number of child-parent interventions have been developed to integrate parents into their child’sRead MoreEffectiveness Of Chosen Intervention For Children With Refugee And Asylee Youth1273 Words   |  6 PagesEffectiveness of Chosen Intervention Based on the available research, the authors have chosen Cognitive- Behavioral Therapy as the most effective intervention when working with refugee and asylee youth. This intervention was chosen due to the high amount of research conducted using this intervention with refugee and asylee youth. The pliability of CBT allows this intervention to mold to the unique needs of this population and serve the vast degree of trauma and mental health conditions this populationRead MoreThe Most Damaging Types Of Trauma1730 Words   |  7 PagesIntroduction In the immediate, as well as long-term aftermath of exposure to trauma, children are at risk of developing significant emotional and behavior difficulties (CWIG, 2012). The most damaging types of trauma include early physical and sexual abuse, neglect, emotional/psychological abuse, exposure to domestic violence and other forms of child maltreatment (Hoch, 2009). Research has shown that children that are exposed to these types of trauma will experience developmental delays includingRead MoreCognitive Behavioral Therapy And Mental Health Disorders Essay1545 Words   |  7 Pagesdepression. Rather than relying on medications, clinical therapies are more effective to cure a variety of mental disorders. Although there are numerous psychological and physiological treatments to cure depression, ‘Cognitive Behavioral Therapy’ [CBT] will effectively treat depression as well as other mental health problems. Commonly used by most mental health experts, cognitive behavioral therap y is â€Å"a short-term, problem-focused form of behavioral treatment that helps people see the relationshipRead MoreA Study of Adolescence Anxiety, Depression and Low Self-esteem701 Words   |  3 PagesA Comparison of CBT, Relaxation Training and EMDR: A Study of Adolescence. Anxiety, depression and low self-esteem have several different causes. Adolescents can develop psychological trauma caused by broken families, bullying by peers, mental, physical and sexual abuse. (Bensley, Van Eenwyk, Spieker, Schoder, 1999). These things and many more can cause an adolescent to have low self-esteem, which has been known to create emotional problems such as anxiety and depression (Kendall-Tackett, WilliamsRead MoreThe Effects Of Mental Health Counseling On Children Essay1539 Words   |  7 Pagestool in overcoming obstacles in life. The loss of a loved one, dissatisfaction in a career, anxiety in social situations, and the misuse and abuse of substances are all reasons someone may seek professional help from a clinician. The problem with these examples is that these are mostly â€Å"adult† issues. What happens is a child is suffering with anxiety in the classroom or a sadness they can’t shake? Children and adolescents are often thought to be carefree and absent of worry. Parents and other adultsRead MoreCbt : Brief And Time Limited1602 Words   |  7 PagesCBT is known to be brief and time limited. Unlike psychoanalysis, CBT doesn’t dig in too deep and focuses more in the present rather than the past. This type of therapy is also known to be very structured and the relationship with the therapist is not a focus of treatment (Sacks, 2007). CBT has a high work commitment and work doesn’t end when the session ends. When working with CBT the client has to be willing to work outside of therapy on their own as well. This is a collaborative modality whichRead MoreThe Intervention Program Is A Treatment Intervention1483 Words   |  6 Pagesintervention program is a treatment intervention. With anxiety disorder, it is better to have treated the disorder rather than prevent it. Through treatment and intervention, the child with anxiety disorder will be able to overcome future struggles and stress. Even though prevention program is designed to prevent anxiety disorder to occur, anxiety disorder has several factors and causes, which makes it extremely difficult to cover all the vulnerabilities of anxiety disorder. Biological, psychological, and social

A five-year career goal plan Free Essays

I work for AAFES it is a subcontractor for the government. In this company the main store is called the† PX â€Å"in the civilian world it would be like a Wal-Mart. There are other stores that are included like gas stations and fast food restaurants such as Burger King, Taco John’s, McDonald’s etc. We will write a custom essay sample on A five-year career goal plan or any similar topic only for you Order Now AAFES are located on military bases around the world. We serve for the men and women in the military â€Å"wherever they go we go† we provide services from the basic necessities to high-end products. My duty as an area manager is to make sure to take care of the customer service and the complaints also to make sure all training is done by all employees as needed. Was a manager I find ways to improve the sales floor with new fresh idea to meet sales goals. I also make sure all the accounting is correct and accurate such as items that need to be counted twice a day such as laptop iPad high-end Jewelry and items worth more than $1000. I am responsible to make sure that this is correct at all times. I have to make sure to look at all the receipts making sure that the item is received properly. When I complete my bachelors in business and human resource I would like to be in a retail environment. I’ve been with this company about 9 years I feel I have experience and not the education and that’s why I’m back in college so I will not get turned down a position because of the lack of education. I believe I could be selected for a store manager position because the education and experience and the classes that I have taken to become a manager. I will need to focus on improving my performance at work. The more I learn about what is needed to become a store manager the easier it will become when I’ve met my goal. Within the 3 years of my retail profession I will have my Masters in business and human resource that will give me a higher level of education. I will have more training and more experience for the job of being a training facility manager. I have had 2 manager position in aafes I have been in the position as a Burger King manager and a Retail Manager. I believe with my experience and education I will be more than qualified for the next positions. Within the 5 years of my retail profession I would like to become a retail HR anager I will have my Masters by then I’ll have experience being a store manager and food manager also being a training facility manager and that would be my dream job and I would stick with that until I retire. I would be more knowledgeable of the different job titles. I would have more experience on what you can do in the company and what you can’t do in the company. I would have the experience to make sure the employees complaints are taken care of and be more knowledgeable within the company so I could be successful of helping the employees on different levels. The career path that I have chosen will benefit my family. They always say â€Å"hard work pays off â€Å"(Evans, Stephanie) and I believe that I would have to sacrifice my weekends and holidays with my family for upcoming years for the job of my dreams. I would love to have a 9-to-5 job with weekends and holidays off but I believe that is a small price to pay for 2 years versus 18 years of the job of your dreams. Knowledge is power in my eyes. (Stephanie Evans) I feel that if I have the education and experiences that I will be successful in meeting goals. I am dedicated I’m a hard worker I’m reliable and trustworthy. Most of my colleagues come to me because I will share the information that will help them be successful in this company as well. I believe in this company because my dad served in the Army and my husband is in the currently in the Army. I always wanted to join the Army but I couldn’t because I am physically handicapped and this is one way I can serve my country by putting a smile on the faces of the men and women that serve our country, putting their life on the line for our freedom. And all I want to do is to make sure they have great customer service and will have great experience when they shop at AAFES. References Anderson, L, E., Bolt, S.B. (2013). Professionalism: Skills for Workplace Success. (3rd Ed.). Pearson Education Inc. Upper Saddle: New Jersey. http://www.totaljobs.com/careers-advice/job-profile/retail-jobs/department-manager-job How to cite A five-year career goal plan, Papers