Other cases discussed in class have shown the fraud being perpetrated to have intent behind it. In the DeBurger case, there is no evidence of fraud being committed with the intent of deceit. This case, however, does remind one of the Tommy O’Connell case, in where both individuals (O’Connell & DeBurger) found discrepancies throughout their audits, but waited too long to bring attention to the necessary individual(s) and even more neither had substantial evidence to back up their accusations. 2. During the audit of Marcell, the inventory was the focal point of concern for the audit staff, and the crumbling financial standing of the company made the inventory more of a concern.
Factors including, but not limited to, the social context at the time of the crime, the social perception of deviance, the influence of the media, and the misconduct of investigating police and prosecution played a substantial role in the subsequent miscarriage of justice. Society wrongful conviction of the case of David Milgaard, involving the rape and murder of Gail Miller in the year 1969 is no different than that of the millions of others that society has perceived as deviants and threats to the moral values and standards of the time.. By being labelled as luminal, groups are often perceived as being threatening to society and as a result tied to committing criminal activity. The police often have an image of the suspect before the suspect is distinguished (often the image deriving from the top members of society). In the case of David Milgaard, this use of character discrimination labelled him as a culprit based on appearance and not on whether he committed the crime or not. Unfortunately, David Milgaard just so happened to fit the infiltrator.
In combination with this, upper management pressured employees at every level to participate in shady transactions, with one employee even testifying that he thought he was simply “doing his job.” Also, it was determined during investigations that CUC had weak internal controls for a company of its size. Cendant actually reported that 60% of reported net income by CUC in 1997 did not exist (BusinessWeek). Another example of this was its lack of an automated accounting system in areas such as recording revenue. Such a system would have helped record revenue in the correct time intervals instead of all at once as they were doing, vastly inflating current revenues (BusinessWeek). In regards to internal controls, auditors have a responsibility to obtain an understanding of the design and implementation of internal control in order to assess the control risk of the company.
Ja’Muan Webb Dr. Julie Joseph Case Study 1 Human Resources Management “Why It’s So Hard to Be Fair” Fairness is the quality of making judgments that are free from discrimination. Today, companies work towards creating a positive image by using various techniques to please their employees. Sadly, mostly (if not most) do not practice fairness. In the case, Company A had to downsize their company by laying off workers. The company spent a very large amount of money to create a large package that consisted of numerous weeks of income, job fairs, and health insurance continuing for one year.
- It was identified that the management who were making the aggressive accounting decisions, were also posting the journals to the general ledger, and reviewing and approving the reporting. - Pressure was placed on personnel who did not support the aggressive targets. - A great deal of focus was put on “team work” and being a strong “team player”, which is said to have been a strategy to reduce dissenting opinions, eventually leading the organisation to follow a “groupthink” attitude. - In 2000, the telecommunications industry entered a downturn and WorldCom‟s aggressive growth strategy suffered a serious set back. However, due to the accounting measures used, by Q3 in 2000, the company managed to meet the Wall Street expectations.
New York City officers have been convicted of torturing a suspect and covering up the crime but acquitted in the shooting death of an unarmed civilian. (Jost) Cases of police misconduct, such as these, can occur quite frequently, which puts a huge dent in the credibility gap of the U.S justice system. The judicial system can be seen as another imperfection of the U.S justice system. One of the most criticized aspects of the judicial system is the jury system. In another one of Jost’s articles, “The Jury System,” he points out, “Public discontent with the jury system appears to be increasing.
The structure is helping Tesco because they are still standing and the business is running well also they will be able to make enough money to help in the future. Increasing sales or marketing share- Tesco use this so that they can make profit and also: Beat competitors Have more money (Increase profit) Can buy more products All this helps Tesco is many ways, it makes Tesco big and better than other businesses, it makes them beat the competitors it also helps the staff because the more the business earn the better the training is and all this makes Tesco have better staff and products and a business overall, which people like to go and shop there. Providing service to the community- Tesco do this very well because the
The very important characteristic of a psychopath is their ability to successfully deceive people with their main motive being unrevealed. In the documentary movie by M. Achbar, J. Abbott, and J. Bakan the term 'psychopath' is used to describe the big corporations of our time. A corporation might not be a person but it is controlled by the people at the top and everything depends on their ethical standards and morales. If they fail to maintain it at an appropriate level the corporation becomes a psychopath in itself. Now I would like to discuss the characteristics of a psychopath listed by DSM with a reference to th corporations: Failure to conform to social norms: here, lawful behavior is the key topic.
In the 1990s, Madoff started doing his illegal activity causing several investors millions of dollars. Madoff began hiring several family members to help his business grow. He also became involved in lobbying for regulatory changes that would make it easier to trade electronically which then in turn help profits in his illegal business. According to the book, he also held a seat on the government advisory board on stock market regulation, served on charitable boards and started his own foundation. Madoff became very trustworthy in his community and with all his involvement in the community it added to his credibility.
Also, what characteristics we think are associated with organized crime. Our view of organized crime Organized crime, to me goes back to the days of the Mafia and has now evolved to street gangs, and drug cartels. With organized crime you have a very detailed and strict line of command that controls the daily crime activity. Organized crime goes back years and involves taking orders from the top to make sure their business is done in the correct matter and failure to do so results in serious consequences. It involved having a front maybe a business that seemed legit but actually is very corrupt, it also includes killing people who get in your way, and covering it up by any means possible.