Q: Which preventive, detective, and/or corrective controls would best mitigate the following threat,…
A: PREVENTIVE CONTROLS : 1. IF THERE IS ANY INFORMATION ABOUT THE COMPANY'S CUSTOMERS THAT COULD…
Q: under what circumstances can how an international company can use 'leads and lags' to protect itself…
A: Foreign exchange risk is the risk that the firm may have to face loss due to change in foreign…
Q: The Australian Institute of Criminology (AIC) asserts that three factors can explain fraud. Which of…
A: Hi student Since there are multiple questions, we will answer only first question.
Q: Indeed, there is the view that market abuse and insider dealing are not immoral and are victimless…
A: Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…
Q: Assuming no consent or authorization was given, which of these activities are prohibit under…
A: Cybercrime Prevention Act of 2012 was enacted by the Philippines Congress on September 12, 2012. The…
Q: Employee theft is the largest "expense" of a business in this country. The key to implementing…
A: Employee theft is one of the most dangerous problem facing in businesses all over the country. The…
Q: A sudden change in power can result in a regime that is hostile to foreign investment that is a…
A: Barrier to foreign investment relates to hurdles that may arise for investors while making a cross…
Q: The fraud triangle asserts that the following three factors must exist for a person to commit…
A: Given information is: The fraud triangle asserts that the following three factors must exist for a…
Q: 2. FRAUD SCHEME - PURCHASING AGENT A purchasing agent for a large hardware retailer has sole…
A: Ethics: Ethics can be defined as a conduct adopted by an individual in making the selection between…
Q: The probability of losing investment in a foreign country is known as: O confiscation O political…
A: Investment made in foreign countries outside jurisdiction of domestic country is subject to risk.
Q: Foreign exchange risk is a major risk for businesses which are involved in international business.…
A: Foreign exchange rates risk is the risk of change in the exchange rates of the company. When the…
Q: Many credit card fraud offenders are now becoming more organized than before, resulting in higher…
A: As you have posted multipart questions, we will answer the the very first three questions for you as…
Q: WorldCom committed the largest fraud in U.S. history. What was the primary method WorldCom’s…
A: Fraud: It is an intentional misappropriation of the assets or the financial records of an…
Q: How to avoid rogue trading? What are the consequences of rougue trading?
A: A rogue trader is a trader who acts recklessly and without regard for others, usually to the…
Q: Communication via the internet is fraught with major security problems. When it comes to Internet…
A: The Answer
Q: Money laundering has become a pertinent problem worldwide threatening the stability of various…
A: Money laundering is related to public corruption, tax evasion, drug trafficking and various economic…
Q: Match the risk with the correct transaction (if any): v The DC appreciates, altering relative prices…
A: The appreciation of domestic currency means that more unit of foreign currency can be purchased from…
Q: Which preventive, detective, and/or corrective controls would best mitigate the following threat,…
A: Internal Controls The Internal controls are written procedures that are introduced to ensure that…
Q: A procurement agent for a large metropolitan building authority threatens to blacklist a building…
A:
Q: One of the greatest existential threats to the Islamic banking system is reputational risk. What is…
A: Reputational risk is quite significant as for as banking is concerned.Reputational risk is common…
Q: What do you think risk managers are doing (or in the current coronavirus situation as well as the…
A: The current coronavirus situation as well as the sanctions on trade with Russia has led to high risk…
Q: procurement agent for a large metropolitan building authority threatens to blacklist a building…
A: Given: If the contractor does not cooperate, he or she will be barred from working on future…
Q: Which of the following is not a function of Bureau of Customs?
A: It is a government agency in Phillipines which enables foreign trade, collects duties and taxes, and…
Q: Under the Foreign Corrupt Practices Act of 1977 (FCPA): a. No US person or company that has…
A: FCPA Foreign corrupt act practices of 1977 Prevent corruption practices in US firms working outside…
Q: Which of the following is not a source of international economic law?
A: You have asked various question and among the questions there are business law questions as well…
Q: Supposed a company plans to expand its business abroad, what are the risks it might encounter?
A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…
Q: Companies that compete in an international marketplace may be faced with three types of risk owing…
A: Foreign exchange risk is defined as the type of the risk, which is actually possibility of the…
Q: Due to the immense failure of banking institutions in response to the global financial crisis has…
A: An Islamic financial institution used to have the various orientation against the risk. And, with…
Q: Is payment of bribes an unacceptable business practice within the U.S.? Justify your answer with…
A: A payment means giving other party a consideration. Consideration can be in kind as well as in cash.
Q: Many credit card fraud offenders are now becoming more organized than before, resulting in higher…
A: Credit card fraud is a type of fraudulent activity wherein fraudsters use credit card account of…
Q: Where does identity theft fraud happen often? Explain any five steps that victims should need to…
A: Identity theft often take place in form of financial fraud where the bank information is leaked to…
Q: (a) Prepare briefing notes to be used at your training session in which you: i. Explain the term…
A: As there is no accounting of black money, the government doesn't get a single penny of tax.…
Q: rtage Inc. agrees to pick up two truckloads of housewares for Discount Corporation and store the…
A: The right answer is c cartage was negligent.
Q: What internal control or procedure(s) would provide protection against the following threats?…
A: Internal control is the set of rules and procedures designed in order to prevent the occurrence of…
Q: All companies are vulnerable to fraud, but small businesses are particularly vulnerable. Why do you…
A: Vulnerability to Fraud =Vulnerability to fraud is how company is exposed to the possibility of being…
1. The Suez shipping route is one of the most active routes used by commercial ships. Yet, these dangerous waters pose a major threat (of theft and kidnapping) to commercial sailors and the goods they transport. For the purpose of the question, assume that ships have to go through the Suez route and may not avoid it. What should shipping companies do to adapt to this threat? Present at least two things that could be done to reduce the piracy and kidnapping risk?.
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- Do you think that Sony’s response to the attack was appropriate? Why or why not? What might Sony and the U.S. government done differently to discourage future such attacks on other U.S. organizations? Are there measures that organizations and the U.S. government can take together to prevent both real-world terrorist violence and cyberattacks? According to a recent report by Gartner, most business users will have access to some sort of self-service BI tool within the next few years; however, Gartner estimates that less than 10 percent of companies will have sufficient data governance practices in place to prevent data inconsistencies across the organization. Why do you think so many companies continue to invest in new analytics tools without implementing governance programs that ensure data consistency?Which two adjustments are made to the fraud triangle to accommodate predators? • a. The fraud triangle is not meant to differentiate between accidental and predator fraudsters. • b. Criminal mindset and arrogance substitute for pressure and rationalization. • c. Predators have less pressure because they are more likely to be involved in international money laundering and setting up shell companies, particularly in foreign countries. O d. Criminal mindset and opportunity substitute for pressure and rationalizationWhat do you think risk managers are doing (or in the current coronavirus situation as well as the sanctions on trade with Russia?
- Indeed, there is the view that market abuse and insider dealing are not immoral and are victimless crimes. Others stated that insider trading had the capacity to significantly undermine the integrity and efficiency of the relevant securities markets. Do you think that insider trading should be regulated or not by the Government? Do you think that insider trading is occurring in Antigua and Barbuda? Critically discuss.Money laundering has become a pertinent problem worldwide threatening the stability of various regions by actively supporting and strengthening terrorist activities and criminal organizations”. How KYC & AML guidelines form by RBI helps in curbing money Laundering practices? Explain in detailThe complexity posed by differences in the cultural, political, legal, and economic environments creates a so-called “liability of foreignness.” This idea holds that foreign companies, because of their poorer familiarity with local conditions, incur additional costs. In theory, the liability of foreignness makes IB activity too expensive. In practice, companies offset this liability by capitalizing on their unique advantages as well as selecting the mode of international business that best reflects their resource profile and risk tolerance--Always in the effort toward minimizing the intrinsic higher costs of international operations. The higher costs of international operations, executives point out, are driven by things as varied as the cost of legally establishing businesses, real estate costs, customs duties, and translation costs. Managing these costs is complicated by the report that _53_______%___ of global CEOs are concerned about the impact of __bribery and…
- Indeed, there is the view that market abuse and insider dealing are not immoral and are victimless crimes. Others stated that insider trading, had the capacity to significantly undermine the integrity and efficiency of the relevant securities markets. Critically discuss the concept of “insider trading”. Identify and discuss two (2) actual or alleged insider trading that have occurred in the Caribbean. Identify 5 international insider trading cases, critically discussing the mentioned cases and the outcome. Do you think that insider trading should be regulated or not by the Government? Based on your research above, do you think that insider trading is occurring in your country? Critically discuss.How to avoid rogue trading? What are the consequences of rougue trading?Communication via the internet is fraught with major security problems. When it comes to Internet communications, which of these aspects poses the biggest security risk?
- Investors and MNCs exporting or importing goods and services or making foreign investments throughout the global economy are faced with an exchange rate risk,which can have severe financial consequences on firms profitability,cash flows,and their market value,if not managed appropriately. MNC's use a number of external techniques of risk(exposure)management and resort to contractual relationships outside thier companies in order to reduce (or redistribute)the risk of foreign exchange losses.What are the determinants of hedging currency risk or foreign exchange exposures which pose risks to MNC's cashflows,competitiveness,marker value and financial reporting.2. FRAUD SCHEME - PURCHASING AGENT A purchasing agent for a large hardware retailer has sole discretion in selecting vendors for the parts and supplies sold by the company. The agent directs a disproportionate number of purchase orders to a supply company owned by the agent’s brother- in-law, which charges above-market prices for its products. The agent’s relationship with the supplier is unknown to his employer. Required What type of fraud is this, and what controls can be implemented to prevent or detect the fraud?Many credit card fraud offenders are now becoming more organized than before, resulting in higher losses from their offenses. Countries such as the USA and the UK have been seen improving their fraud prevention strategies by enhancing coordination in combating fraud. The establishment of the President’s Identity Theft Task Force in the USA and the National Fraud Authority in the UK are evidence of the importance of coordinated efforts in addressing fraud problems. Author’s research suggests that the key areas of resource allocation in credit card fraud prevention within a payment system are: understanding of the real problems, fraud prevention policy, fraud awareness, technology-based protection, identity management and legal deterrence. These areas are mainly supported by four pillars: user, institution, network and government and industry. This is dubbed by the author as the “four pillared-house of payments fraud prevention practice” Referring to the fraud statistics from the…