Chapter 11: White Collar Crime: Occupational and Corporate Crime Chapter Outline Chapter 11 begins with the classic definition or “statement” of white collar crime by Edwin Sutherland. It then discusses occupational crime and organizational crime along with how researchers measure these types of crime. Several problems faced by researchers are lineated. The typology of white collar crime developed by Edelhertz is explained and broken into four (4) categories: crimes by person operating on an…
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Report Date TITLE AND TAG LINE Company Name Here Name of Company: Use the proper corporate name–no nicknames i.e. Enron Corporation Tagline Here Tagline for your report: Create a short (7 words or less) descriptive tagline i.e. An Effective Ethics Audit Could Have Prevented the Collapse of Enron EXECUTIVE SUMMARY In five (5) sentences provide a brief overall summary of your report. The summary should include elements of your report including the ethical issue or problem, the key…
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Proposition 32 Summary: Prohibits unions from using payroll-deducted funds for political purposes. Applies same use prohibition to payroll deductions, if any, by corporations or government contractors. Prohibits union and corporate contributions to candidates and their committees. Prohibits government contractor contributions to elected officers or their committees. Pros: Prop. 32 CUTS THE MONEY TIE BETWEEN SPECIAL INTERESTS AND POLITICIANS to the full extent constitutionally allowed. Bans contributions…
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Summary the article “Will History Repeat Itself” Xizhen chen A00339897 The article “Will history repeat itself?” analysis the causes of financial fraud and give companies antifraud tips toward top level executives. At the beginning, this article takes examples of frauds at ENRON and WORLDCOM that managers commit frauds more than hundred million through fraudulent deals or personal use. Since that, SARBANES-OXLEY has enacted legislation for the establishment of independent boards and penalty…
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Sarbanes Oxley Act Provisions Summary of purposes of SOX ACT 2002: Corporate Governance Corporate governance is a set of policies, processes, and customs affecting the way a corporation is administered and controlled or directed. It refers to the way the rights and responsibilities are distributed among the board, company management, shareholders and other stakeholders. Issues involving corporate governance include Internal controls and internal auditors Independence of external auditors and…
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Who should pay? Enron's Chapter 11 filing automatically freezes all suits against the company itself while the bankruptcy is resolved. But while Enron may seek the same protection for its executives, lawyers predict that the attempt will fail and that the individuals will have to fend off a raft of suits. Some think that criminal charges are a possibility for former executives like Skilling and Fastow. But such cases require proof of "knowing, willful, intentional misconduct," says well-known defense…
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Section 401……………………. ………………………………………………….5 Section 404……………………. ………………………………………………….5 Section 409…………………… ………………………………………………….5 Section 802…………………… ………………………………………………….5 INTERNAL CONTROL EVALUATION & RESULTS ……………………………………..Pages 6 - 11 SUMMARY AND CONCLUSIONS………. ……………………………………..Pages 11-15 CONCLUSION…………………………….. …………………………………………………5 BIBLIOGRAPHY…………………………. …………………………………………………6 INTRODUCTION LBJ Company (LBJ) retained our Accountancy Firm (The…
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Assignment 5: Sarbanes Oxley Act of 2002 Instructor: Bradley Johnson BUS 592: Financial Accounting & Analysis May 20, 2013 Abstract summary: The Sarbanes Oxley Act of 2002 which was enacted into law based on the recent scandals of a major companies who reported falsified accounting, understating expenses, overstating assets or understating liabilities, use of fictitious and fraudulent transactions and direct falsification of financial statements to give a…
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admitted to making questionable payments to various foreign governments and political parties as part of an amnesty program (U.S. Department of Justice http://www.usdoj.gov). Given the environment of the 1970s and the proliferation of white-collar crimes (e.g., insider trading, bribery, false financial statements, etc.), particularly the payments made to foreign officials by corporations, Congress felt obligated to introduce legislation that led to the act. Congress's objective was to restore confidence…
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Summary-Response In the article “Crazy Love” written by Steven Pinker, he wrote the effects that cause the human species to fall in love. Steven Pinker explains the facts on how the Hallmark-card company’s poets invented the meaning of falling in love, or finding true love. Another corporate for the reasons of the sensation of love, might be on how our own body would make us forget of our own ethics and logic, because of human hormones intoxication. He explains the way how the human anatomy has natural…
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