Crude Theory And Corporate Fraud Risk Factor Theory

He also rationalized his fraudulent activities by hiding the customer’s late payment in order to be benefitted himself, but said that he was helping people more than he was helping himself. 2. Given that Mr. Pavlo’s fraud was restricted to an accounts receivable embezzlement scheme, what symptoms might auditors observe?

To support his idea, once again Duska uses exemplification to prove that slippery slope is another cause of unethical financial decision. He shows an example of a man who uses his client’s fund and thinks that he will pay back, so nothing would happen. He does it for the first time, and second time. It creates a slippery road and a bad habit (27 Duska).

Something will go wrong in life and make the person unhappy or they will never find real love because of the status of money the person has. The American Dream is not absolutely perfect, it has flaws in it. Trying to win over somebody’s love with your money is like buying it. Therefore, they will only love you

There would be no true value of justice just like if everyone cheated on their test their would be no value in a degree. Lastly, under the principle of rights Bucket would not bribe the judge because bribes are contrary to the natural desire for justice. It would impend on the judges decision to make an ethical decision and affect other attorneys who come into contact with this judge Under outcome-based ethics Mr. Bucket would bribe the judge, however. The bribe would essentially hold the corportation responsible for all the victims it negligently injuried.

It is very hard to say that SOX would prevented the scandal but they would have being exposed sooner because of the Sarbanes-Oxley section and titles rules and regulation such as; Titles II the auditors partner rotation; Title III, the responsibility or reporting accurate financial corporate reports. They reported depreciation expenses of garbage trucks as a salvage values, and subjective to other assets that did not have any value. Title IV the financial disclosures of financial reports was overstated or understated in some reports to inflates a high profit margin. The Titles VIII, the alteration and destruction of records that would protect the

To resolve this conflict of interest, I would like to use Thomas White’s Framework. Thomas White’s framework for ethical decision making should be more useful to deal with situations in dilemma. White’s framework states: • Analyze the consequences and collecting necessary information. • Analyze the actions. • Making the final decisions.

In the end he does not get what he wants, but he realizes that to become what he wanted one has to sell their soul, losing compassion for

If I was defending my client against a robbery conviction and the main evidence was the clerk’s eyewitness testimony, I would tell the jury that it is not a completely valid testimony. Being robbed, the clerk was in a state of panic and distress, which could cause him or her to not clearly see who is robbing them. And without camera evidence it is almost impossible to validate if what he/she is true. Eyewitness testimonies shouldn’t be taken as main evidence because who is to say that the testimony is 100% true? The human mind is good at blaming others for mistakes that they want answers to.

Types of white collar crime: Depending upon the type of people being affect and the methodology used to commit such crimes, white collar crimes can be divided into the following different types. Corporate Crime: Corporate crime can be termed as those crimes that are committed by a corporation or a business entity or by individuals that are acting on behalf of a corporation or business entity. Not necessarily the corporation itself needs to be involved it can also be committed by an employee of the corporation, if it benefits the corporation.

Others steal from work because of what people will think of them if they see that they aren’t living extravagant enough or feel as though they aren’t appreciated. Talk about having a low self – esteem. Also men that have very controlling wives or are having marital problems at home are normally those who embezzle money. The typical embezzlers don’t possess the same characteristics as our average criminal. Embezzlers are typically begin in their late 30s or early 40s.

Their poor values have caused extensive damage to Donald, the plaintiff. Finally the last key element in the process of ethical decision-making is How. The defendants needed to ask themselves why they did not let the public know the new chemical was not FDA approved. The three men and Novelty Now did not ask themselves what would happen if everybody followed their guidelines. If they had asked themselves these questions they would have realized they were making unethical decisions.

Forcing companies to hire American workers will cut into the profits of the people who manage and run the company but those figures are nothing in comparison to what the taxpayers have to deal with. Now, with this particular section of the amendment will not completely ban outsourcing, It will simply cut in so that more American men and women can have an opportunity to work and survive. Tax evasion is already illegal, yet many people still find a way to cheat the system. That is why with this last and final clause of the Amendment will give powers to the IRS to conduct detailed investigations on people suspected of tax fraud. Hopely, that will force people who are already stealing from taxpayers to simply pay like the rest of us.

It additionally can uphold in court, which is great because cases like the Watergate Scandal cannot occur again. The Foreign Corrupt Practices Act also increased corporate governance and ethical behavior exclusively in corporations. The weaknesses of the law are that it cannot be implemented in every situation. Companies before have defended their arguments like in the case of United States v. Joel Esquenazi et al.

For example, the United States assimilates their assets and compromises with foreign nations to enable the U.S to transfer their funds into offshore accounts (Jeffers 99). Furthermore, government corporations stay under the radar and avoid paying their federal income tax because they negotiate with foreign nations. Since, the 1980’s financial crisis, citizens in the U.S were galvanized under a common theme that “we are the 99%” (Yates 11). This statement reveals that individuals desired to expose corporations for not paying their income taxes. When analyzing movements in today’s society such as: US Uncut and Occupy Wall Street individuals believed that the government is evil.