One huge internal control concern with LJB Company is violation of the segregation of duties internal control principle. The accountant should not serve as Treasurer and Controller. The same employee should not be responsible for related activities and record keeping should be separate from physical custody of the asset. By having the accountant order, pay and receive supplies increases the risk for fraud because they handle related purchasing activities. They can easily use fraud to authorize payment for a false invoice.
However subcultural theorists developed this idea claiming that people experiencing strain seek different forms of success. More specifically Cloward and Ohlin put forward the idea of the 'illegitimate opportunity structure’, which they used to explain subcultural crime. This structure was operable outside of the mainstream structure and ultimately lead to the attainment of success and money through deviant means. For example, Cloward and Ohlin argued that organized crimes such as the drugs trade could be explained by failures in mainstream capitalism. Cloward and Ohlin argue, that the majority of criminals involved in the drugs trade were unable to succeed within capitalism and were driven to an illegitimate means of obtaining wealth.
White collar crimes and Ponzi schemes seem to be happening more often than not in today’s business world. Our text describes White Collar Crimes as a violation committed by individuals and corporations of fraud, bribery, theft and conspiracy to commit (Melvin, S. P. Z Pg. 555(2011) and Ponzi as a fraudulent investment to make investors or profit holders to pay for their own return on their initial investment. Much like they think they are making money on a product that is being sold to customers, clients and consumers but actually, the people who put in initial investment money is just getting back the same thing they put in or other investors are paying for other investors shares and no one is making any profit. However, since the Sabine-Oxley Act came into play in the early 2000’s investors and shareholders have been protected by these types of schemes and avocations.
Business Research RES/351 Business Research Business Research Ethics Ethical behavior has been overlooked in the past, but due to unethical business research, the manners in which businesses are run have changed. Unethical behaviors in business were becoming too common, so government laws and regulations were put in place to help regulate efforts of preventing these unethical practices. Research misconduct is both illegal and unethical. The government defines research miscount as "fabrication, falsification, or plagiarism." Unlike deviations from research methods, misconduct is always deliberate.
The University of California was in error of poor ethical codes. Bin Han would not have gone through all of this if the University had better control of business research. There were others that felt the repercussions of this case. A California State Legislator, Judy Chu, has said this case had the same type of allegations as a former one, Dr. Wen Ho Lee, a physicist, charged with stealing classified materials. Asian Americans are said to be marked by these types of actions.
“Touro University International” Jannie Harp ETH 501 MOD 1 Martha Stewart Professor: Dr. Steven Gold Martha Stewart handled the indictment improperly, because she knew she would have lost 51,222 dollars. Martha Stewart gained approximately 228,000 dollars from the information obtain from Peter Bacanovic. (Martha Watch) Martha Stewart being a member of the Board of Governors knew the laws of trading. Stewart holds a Series 7 license as a licensed stockbroker; she knew her actions may have well been illegal. She's not just some innocent who made a mistake or wanted to save her investment.
The second chapter in Freakonomics asks the reader the following question: “How is the Ku Klux Klan like a group of real estate agents?” It is obvious the authors are not implying that the Ku Klux Klan engages in real estate transactions; nor does it imply that the real estate industry is filled with established terrorist hate groups. According to the authors, these two groups share a common trait in their dependence on “secret” information. Not only do the members of both parties need to possess the information necessary to succeed, but secrecy of the particular information is imperative, as well. The information they posses not only drive their success, but can be a liability as well. The Ku Klux Klan originally began as a social
The text mentions the key issue of bribery and determines if the act is illicit or contrary to accepted them. It also pen points the improperness to constitute bribery payments. http://m.voices.yahoo.com/bribery-international-business-214218.html This is the annotation of the above source. The website pen points the understanding that bribes are unethical, but finds its way into the dealings of international business. It also mentions, in 1977, the United States passed the Foreign Corrupt Practices Act (FCPA) in an attempt to fight bribe payments by U.S. companies and has since been extended to foreign companies in commission within the U.S. borders.
Mr. Castro was discharged by Hoffman Plastic because of his union activities. The Act stated that Hoffman Plastic violated Section 8(a) (3) which states that it is unreasonable for an employer to discharge or discriminate against an employee for participating in union activities (http://www.nlrb.gov/national-labor-relations-act). Mr. Castro according to the NLRB would be reinstated and would receive back pay (Labor Law, 2001). At his hearing for reinstatement, Mr. Castro admitted he had used forged documents when entering the U.S. and also admitted he was an illegal immigrant (Labor Law,
Under existing law, as long as the documents are original, an employer cannot deny a job application who otherwise qualifies for that position. That liability exists today and creates a very unstable operating environment for employers, especially in the agriculture sector. These facts are crucial in understanding the development in our current predicament of having unknowingly hired illegal immigrants. Despite the efforts of many legislators and citizens to paint the issue as a “black and white “subject, clearly there are many other factors that make it very “grey” topic. It may be easy to dismiss all the other factors by someone who entered the U.S illegally simply broke the law and is a criminal.