In the 1990s, Person DK built a security systems company. His deals were based on handshakes and phone calls. Federal prosecutors determined that he is living a lavish lifestyle. He was first indicated on delinquent unpaid sales tax. He went to prison for falsifying record, abusing corporate loan programs, and conspiracy and he was released in the same year. Due to this kind of financial scandal, companies started showing interest in forensic accounting. Association of Certified Fraud Examiners (ACFE) stated that corporate finance cases are increasing due to the recession. Asset theft is the common kind of fraud that includes forging checks, stealing non-cash assets, stealing cash, and falsifying business expenses. To determine: The following are the agenda for the anti-fraud training for the employees of the company.

Question

Want to see the full answer?

Answer 1

Question

Chapter 15, Problem 15.26C

Summary Introduction

Case summary:

In the 1990s, Person DK built a security systems company. His deals were based on handshakes and phone calls. Federal prosecutors determined that he is living a lavish lifestyle. He was first indicated on delinquent unpaid sales tax. He went to prison for falsifying record, abusing corporate loan programs, and conspiracy and he was released in the same year.

Due to this kind of financial scandal, companies started showing interest in forensic accounting. Association of Certified Fraud Examiners (ACFE) stated that corporate finance cases are increasing due to the recession. Asset theft is the common kind of fraud that includes forging checks, stealing non-cash assets, stealing cash, and falsifying business expenses.

To determine: The following are the agenda for the anti-fraud training for the employees of the company.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

Please original work Background information: Mergers and acquisitions are inherently risky. No matter how much due diligence you do, it is still possible to miss critical success factors that might lead to the failure of the proposed merger or acquisition.find a merger/acquisition that has produced less than satisfactory results (Sprint and Nextel). Report on the organizations involved and talk about the nature of the merger or acquisition and the resulting failure or near failure of the transaction. Were there obvious red flags that were missed? What would you have done differently? Please cite in text references and add weblinks

Please original work Talk about the critical steps that must be taken in order to effectively cascade the balanced scorecard. Provide a real-life example of an organization that has done this effectively (H-E-B grocery store or Walmart), or alternatively, provide a real-life example of an organization that attempted to cascade a balanced scorecard but did not have a good result. Why. Please cite in text references and add weblinks

Please original work What does “influencing” mean to you? Talk about how a leader can effectively influence and include all employees in the balances scorecard development process. What is one specific way your current supervisor or a previous supervisor has included you in high-level strategic discussions? What were the results? Please cite in text references and add weblinks