Cyber-Stan1

Forensic Accounting: Assurance Engagement 2: Net Worth Analysis. You can use the computer-based Electronic Workpapers on the textbook website to prepare the net worth analysis required in this problem.Net worth analysis is performed when fraud has been discovered or is strongly suspected and the information to calculate a suspect’s net worth can be obtained (e.g., asset and liability records, bank accounts). The procedure used is to calculate the person’s change in net worth (excluding changes in market values of assets) and to identify the known sourcesof funds to finance the changes. Any difference between the change in net worth and the known sources of funds is called funds from unknown sources, which might include illgotten gains.Nero has worked for Bonne Consulting Group (BCG) as the executive secretary for administration for nearly 10 years. Her dedication has earned her a reputation as an outstanding employee and has resulted in increasing responsibilities. Nero is also a…

useful information" Relevent, Reliable, Complete, Timely, Understandable, Verifiable, Accessible." Identify which of the criteria is violated in the below situations: a) Joe and Bob are both conducting a bank reconciliation. They are using the same reports and information, but come to different answers b) A job applicant fails to tell the interviewees that he was previously in jail for murdering his former boss. c) Dr. Goldstein's father-in-law is vacationing in Myrtle Beach for the winter, and frequently calls Dr. G. in the morning to tell him the temperature in Mrytle Beach, even though Dr. G. is in Buffalo. d) The computer system crashed and Mr. Jones could not obtain the information he needed for an important meeting.

useful information" Relevent, Reliable, Complete, Timely, Understandable, Verifiable, Accessible." Identify which of the criteria is violated in the below situations: a) Joe and Bob are both conducting a bank reconciliation. They are using the same reports and information, but come to different answers b) A job applicant fails to tell the interviewees that he was previously in jail for murdering his former boss. c) Dr. Goldstein's father-in-law is vacationing in Myrtle Beach for the winter, and frequently calls Dr. G. in the morning to tell him the temperature in Mrytle Beach, even though Dr. G. is in Buffalo. d) The computer system crashed and Mr. Jones could not obtain the information he needed for an important meeting. We find that they use the same settlement method, but they make a mistake because they do not work together or that the method of accessing the data is incorrect, and this works to make each of them get different answers. The student has indeed failed to inform this…

1. How do you understand Fraud in your own words? Please provide explanation. 2. How do you understand the Fraud Triangle? Please provide explanation. 3. Favorite topic in Forensic Accounting? 4. What recommendations will you give to prevent fraud? 5. Will you consider becoming a Fraud investigator in the Future? Why or why not.

Question #3 of 15 As an insurance agent and investment professional, Caroline is aware that all of the following are considered methods of payment that are more susceptible to money laundering EXCEPT O A) a money order. OB) a refund check from an insurance company. OC) checks drawn on the account of someone other than the owner or annuitant. Question ID: 1202643 O D) a traveler's check.

Question #2 of 85 If a transferor is concerned about shielding his assets from a creditor, which of the following transfer techniques should he utilize? He should create a testamentary bypass trust. He should transfer his assets to an UTMA for his minor child. He should transfer his assets to a Section 2503(c) minor's trust and name an independent trustee. He should execute a payable on death designation on his bank account.     A) II, III, and IV     B) II and III     C) I, III, and IV     D) II only

A 1 Do research and write a detailed report on the following points: 2 3 - Give the complete definition of fraud. 4 5 5 16 - After doing some research, choose an industry where fraud is regularly committed. Indicate who the parties that could be involved are, and specify the type of fraud they are likely to be involved in. - Choose a popular case where a person is known for having committed fraud. State what would be included in a portfolio of evidence of fraud against this person. - Search for a section in the Prevention of Organised Crime Act 121 of 1998, that governs fraud and state how it would be applicable in a selected business sector of your choice. - What legal recourse is available to employers when an employee has committed fraud? 7 8 - What are the most common economic crimes reported? 9 - Which industries are most affected by economic crime? 10 - What are the major trends in economic crime? 11 12 23 13 What control measure(s) can the following parties of an organisation…

Provide an example of each of the following; Conspicuous consumption Information you will need to fill out an application to rent an apartment A government agency you can contact to file a fraud complaint A way to prevent fraud on your credit card A way to protect yourself from identity theft

The crime of obtaining money or some other benefit by deliberate deception. oa) skimming ob) pretexting oc) phishing od) fraud Save plit creen 3) Using spam or pop-up messages to obtain personal information. Unit Resources a) skimmina W e

16 What source of foreclosure leads comes with a built-in sense of trust and credibility with the homeowner? A O A notice of default or lis pendens list. BO Lenders. Newspaper classifieds. DO Referrals from other clients.

After the Madoff case, the SEC instituted a number of reforms to its operations. Please visit the SEC’s website (www.sec.gov) and search for Post-Madoff reforms. Next, please identify the two reforms that you believe will have the best chance of catching a criminal like Madoff. Make sure to provide justification for your choices.