CJ 315 Module 7 Quiz

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Research the case against Bernie Madoff who was convicted in 2009 for running the largest Ponzi scheme in U. S. history. Do you think that Bernie received a sentence that was fair? Most importantly, research David Friehling, Bernie's auditor. Discuss what David Friehling's role was in this scheme. What outcome occurred from the legal action taken against Friehling.

6 Discuss deterrence, prevention, and detection in governmental fraud. What do you think is the best aapproach and why?

During the interview of a suspect in an embezzlement case, several common themes are developed that make the offense seem morally acceptable to the suspect. Which of the following is NOT commonly used with embezzlers and other fraud offenders? A. “Borrowing” versus “stealing” B. “Did it for the family” C. “Not being paid enough” D. “Protesting an unjust law”

PLZ answer all of it and thank you. 2. Considering the six drivers of occupational fraud, the be completely absent in a particular fraud scheme. a. habit b. attitude c. rationalization d. opportunity 3. Gambling is an expensive vice that is most closely linked to which occupational fraud driver? a. pressure b. expected utility c. opportunity d. double down 4. The competence occupational fraud driver suggests that occupational fraud a. needs someone that is undeterred by the potential penalties b. requires an attitude of superiority c. depends on a large dose of greed d. involves multiple acts driver is the one that could

AU-C 240 points to three conditions that enable fraud to occur. Briefly describe each condition. How does one’s propensity to act ethically, as described by Rest’s model of morality, influence each of the three elements of the Fraud Triangle?

None

Question 6 Which ONE of the following best describes professional scepticism? An auditor should: A After obtaining an explanation from a client always confirm this with another member of staff B Not believe anything that management tells him/her, without speaking to a third party C Apply a questioning mind to the information and evidence he/she obtains D Always consider the worst outcome H 111

Discussion Question 37:  Explain why Benford's Law is useful to auditors in the detection of fraud. (write a one page response for each question):

To what degree do you think individuals have a responsibility to act ethically within a corrupt system? How would an individual act ethically in this context? Please answer thoroughly and in depth. What legal reforms would you recommend that would make lobbyists more likely to act ethically? Why would you recommend these reforms and how might you implement them? Please answer thoroughly and in depth.

8-If you are notified that one of your clients is being investigated by the Serious Crimes Agency, a. It doesn't matter to the Crime Agency whether you tell him or not b. It makes no difference whether you tell him or not c. You have a duty not to tell the client d. You have a duty to tell the client

THE COLD, HARD REALITY The media’s attention to Jeffrey Wigand, Sherron Watkins, Coleen Rowley, and Cynthia Cooper could lead you to believe that doing the right thing and speaking out against the perceived wrongdoings of your employer will guarantee you public support as an honourable and ethical person, putting the needs of your fellow human beings before your own. In reality, the majority of whistle-blowers face the opposite situation. They are branded as traitors, shunned by their former colleagues, and often singled out to the extent that they never find work in their respective industries again. Consider the cases of the following two individuals who made the same tough ethical choices as their more famous counterparts with markedly different outcomes. Khaled Assadi, an American employee of GE Energy, was temporarily assigned to the company’s Amman, Jordan, operations, where he was responsible for coordinating with Iraq’s governing bodies to secure and manage energy service…

THE COLD, HARD REALITY The media’s attention to Jeffrey Wigand, Sherron Watkins, Coleen Rowley, and Cynthia Cooper could lead you to believe that doing the right thing and speaking out against the perceived wrongdoings of your employer will guarantee you public support as an honourable and ethical person, putting the needs of your fellow human beings before your own. In reality, the majority of whistle-blowers face the opposite situation. They are branded as traitors, shunned by their former colleagues, and often singled out to the extent that they never find work in their respective industries again. Consider the cases of the following two individuals who made the same tough ethical choices as their more famous counterparts with markedly different outcomes. Khaled Assadi, an American employee of GE Energy, was temporarily assigned to the company’s Amman, Jordan, operations, where he was responsible for coordinating with Iraq’s governing bodies to secure and manage energy service…

THE COLD, HARD REALITY The media’s attention to Jeffrey Wigand, Sherron Watkins, Coleen Rowley, and Cynthia Cooper could lead you to believe that doing the right thing and speaking out against the perceived wrongdoings of your employer will guarantee you public support as an honourable and ethical person, putting the needs of your fellow human beings before your own. In reality, the majority of whistle-blowers face the opposite situation. They are branded as traitors, shunned by their former colleagues, and often singled out to the extent that they never find work in their respective industries again. Consider the cases of the following two individuals who made the same tough ethical choices as their more famous counterparts with markedly different outcomes. Khaled Assadi, an American employee of GE Energy, was temporarily assigned to the company’s Amman, Jordan, operations, where he was responsible for coordinating with Iraq’s governing bodies to secure and manage energy service…

h (U.S.) 3. 'After winning the match, and about to leave the venue, a burglar runs past being chased by a security guard. The guard calls out for Peter to stop the thief, but he doesn't help. He says, "That's not my job". Apply ethical theories in justifying Peter's stand on his ethical practice in the above incident. I O Search W

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the madoff debacle case? what are the lessons? question 4:

A4) Finance The fraud-on-the-market theory is used in some cases under Rule 10b-5 as an indirect way of proving Group of answer choices the plaintiff’s due diligence in discovering the misstatement or omission. that the misstated or omitted fact was material. the plaintiff’s reliance on the misstatement or omission. that the defendant acted with scienter.

32-Which among the following is untrue in respect of segregation of duties? a. Deliberate fraud is more difficult because it requires consent of two or more persons, b. It is the basic, key internal control system in an organization c. Single individual doing different jobs can’t carry out and conceal errors easily d. No single individual should have control over two or more phases of a transaction Clear my choice

QUESTION 35 From the article And Nothing But the Truth which of the following is true? Most fraudulent disclosures involve purposeful omissions. Management fraud is rarely detected through tips and complaints. Material accounting changes need not be disclosed. Management fraud for small amounts is not considered significant.

F3.