Elements of the Fraud Triangle - 1582 Words

Case 1.9 ZZZZ Best Company, Inc. Delta. Describe the elements of the Fraud Triangle that apply to this case. Assume you are the perpetrator. Is there a better way to perpetrate this fraud? If there is, describe your method. Specify practical recommendations for the client to prevent this fraud from occurring in the future. The first element of the Fraud Triangle in the case of ZZZZ Best, case 1.9 is Incentives/Pressure. Incentives/Pressure- As a result of the pressure placed on a person who is only a teenager in a tough business, one who faced a lack of working capital, the lack of assets and little profit make it difficult for a person of this stature to achieve financing to produce cash flow for sustaining of operations. One†¦show more content†¦Even as the auditor takes the necessary steps to visit one of the sites in which the company has claimed that work is being done, it is easy to pull off a charade by simply bribing and lying to a construction supervisor who is in charge of redoing a building. We simply have two of our confidantes pose as leasing agents, and that they represent a large client whom would like to view the premises for possible purchase. We then get access to the building, post signs up stating that we are doing the work there and make sure the person who is in charge of security is up to date with who the person really is and what we are doing there in the building. It doesn’t take much to get people to do what we want, simply offer them cash and many are willing contributors to our cause. This is one example of many of the opportunities that were available to ZZZZ Best Company back in the 1980’s before Sarbanes Oxley made changes to the accounting and auditing rules. Is there a better way to perpetrate this fraud? If there is, describe your method. I have read this case several times and there are a number of ways that Minkow could have done differently. First, is to be aware of threatening situations. You must be aware of human emotions and the possibility for revenge and retribution. While in his infancy of committing fraud, Minkow stole money from a woman through credit card fraud. She tried several times to get restitution from ZZZZ Best, but she never didShow MoreRelatedThe Fraud Triangle Consists Of Three Elements Perceived Pressures, Perceived Opportunity And Rationalisation2224 Words   |  9 PagesAccording to (Albrecht 2009) the fraud triangle consist of three elements perceived pressures, perceived opportunity and rationalisation. In the case of Bernie Ebbers and Scott Sullivan there appear to be various factors contributing to each of the elements mentioned in the fraud triangle. Perceived Pressure in this case was due to factors of greed, meeting expectations and to a certain degree, living beyond ones means. (Zekany 2002) describe facts surrounding the saga which indicate how greed playedRead MoreFinancial Statements And Report The Illegal Behavior1723 Words   |  7 PagesAs a auditorï ¼Å'it is impossible to report all the frauds that exist in t he financial statements, but auditor has the responsibility to expose the almost fraud in the financial statements and report the illegal behavior, which has a direct significant impact on the financial reporting. However, preventing fraud not only using management method, but also other methods. (1). Professional judgment of fraud auditors Auditors have to face internal managers of the companies and the CPAS in companies,Read MoreFinancial Fraud, And Identification Of The Different Fraud Types1734 Words   |  7 Pagesvarious types of fraud, in order to aid understanding in regards to the prevention of fraudulent activity. This paper begins with a review of the definition of financial fraud, and identification of the different fraud types. Further, included is an examination of what motivates individuals to commit fraud, including an identification of some of the method in which people commit fraud. A discussion of the importance of the fraud triangle, and how rationalization contributes to fraud is a key areaRead MoreOrganizations Can Easily be Taken Advantage of by the Fraud Triangle784 Words   |  4 Pagesclients and break the law. The best example can be illustrated in the fraud triangle which gives more explanation of why people commit fraud. The fraud triangle is divided into three parts which are the foll owings: Perceived Opportunity, Pressure, and Rationalization. According to Cressey, the most important part of the fraud triangle is pressure which is known as perceived non-shareable financial need. A person commits a fraud because he or she might have some financial pressure in their familyRead MoreHow to Incorporate the Fraud Triangle Theory797 Words   |  4 PagesThe term of â€Å"fraud triangle† was developed by Dr. Donald Cressey, a criminologist who studied embezzlers. The three basic elements of fraud triangle include perceived pressure, perceived opportunity, and the ability to rationalize. It explains the nature of many fraud offenders and also become a tool to assess the risk of fraud. It is important to companies to incorporate the fraud triangle theory in order to reduce the risk of fraud within their organization. From my standpoint, companies shouldRead MoreFraud : The Perfect Fraud Storm1420 Words   |  6 PagesStatement Fraud Option #2 The perfect fraud storm occurred between the years 2000 and 2002 involving two of the largest energy and telecom corporations in the United States: Enron and WorldCom. It was determined that both organizations fraudulently overstated assets, created assets from expenses or overstated revenues, costing investors billions of dollars and resulting in both organizations declaring bankruptcy (Albrecht, Albrecht, Albrecht Zimbelman, 2012). Nine factors contributed to fraud triangleRead MoreCorporate Culture Of Healthsouth Corporation1143 Words   |  5 Pagesway for its industry. However, prior to 2003 the company had a very dark secret: fraud. In 2003 HealthSouth was accused of making $2.7 billion in false journal entries in the company’s system (Helios, 2013). These false entries allowed the corporation to inflate its earnings and revenue. While the corporation was dabbling in a fraudulent, aggressive account system, auditors were unable to detect the extent of the fraud occu rring. If not for Michael Vines and Weston Smith, HealthSouth Corporation mightRead MoreFraud Triangle And Red Flags1485 Words   |  6 PagesOption #1 - Fraud Triangle and Red Flags Plutonium entered the Internet start-up boom in 1988. It experienced rapid growth that resulted in a haphazard information technology (IT) system in which pieces of technology were implemented quickly leaving poor integration and data integrity. To strengthen data integrity and create an integrated IT system, the organization installed a billing system, Gateway, which required testing utilizing an imitation yet live credit card number to test the softwareRead MoreThe Corruption Of The Fraud Triangle1640 Words   |  7 Pageslikelihood of fraud increases when the three elements of the fraud triangle come together. Analyze how the three elements of the fraud triangle are important and how all three elements were present in Helen’s case. The three elements of the fraud triangle are Motivation or Pressure, Opportunity and Rationalization. After reading the case, it was revealed that all of the three elements are present the Helen’s fraudulent activities. Motivation: This is a reason for why the fraudsters commit frauds. It providesRead MorePlutonium: Credit Card and Chris Essay1448 Words   |  6 PagesRunning Head: PLUTONIUM COMPANY Week 3 Case Study: Plutonium Company Fraud Kyle Harrison Keller Graduate School of Management AC 572: Accounting Fraud Examination Concepts Instructor Sherwin Cord January 25, 2009 Week 3 Case Study: Plutonium Company Fraud Plutonium, an Internet start-up company founded in 1988, was in the midst of a massive project to improve integration and internal data quality of its disparate information systems. At the heart of this project was an endeavor to implement

Romeo And Juliet Movie Versions Essay - 829 Words

â€Å"Romeo and Juliet† Essay Question: Both films of ‘Romeo Juliet’ display the values and attitudes of their contexts. Which is the better version? Justify your answer with references to the films and the plays. Answer: The two version of ‘Romeo and Juliet’ that we watched were the 1968 Franco Zeffirelli version, staring Leonard Whiting, and Olivia Hussy, and the 1996 Baz Luhrmann version, staring Clair Danes, and Leonardo De Caprio. Within both of these versions the plot line is still the same, with Romeo meeting Juliet at her father’s party, and the two of them falling in love, getting married, and then killing themselves, both versions in which Romeo kills himself by drinking poison, but the differences that the two directors used are†¦show more content†¦The two actors that are cast in the 1968 version basically have not been seen in the cinemas before, giving the roles that they play a more realistic visualisation then the Baz Luhrmann stars Leonardo De Caprio and Clair Danes. Because these two stars have been in other movies before ‘Romeo Juliet’, and because the movie is supposed to be a Shakespeare play, they don’t give the roles a â⠂¬Å"real† vibe. Within the actual play, the characters all use iambic pentameter, which portrays an olden day’s feel to the movie. Within the Baz Luhrmann version of ‘Romeo Juliet’, when the actors use iambic pentameter, it clashes. Also, the setting of Verona, the way that the casting is dressed, and the rest of the â€Å"21st century look† of the movie really ruins whole effect, and creates a disillusioned feel to the movie. The other reasons why the Franco Zeffirelli version of the play seems to be better than the Baz Luhrmann version, is because of the way that the movie actually follow the pace of the play almost to perfection, though making the film longer, but with the Baz Luhrmann version, there are a number of places that the lines are cut, and the pace of the movie is so much quicker, and more action packed with a lot more violence than was needed, along with the very short few-second film shot techniques. To the modern day audience who probably prefer shorter speeches and more action, this movieShow MoreRelated Luhrmanns Movie Version of Shakespeares Romeo and Juliet Essay1095 Words   |  5 PagesLuhrmanns Movie Version of Shakespeares Romeo and Juliet All hopeless romantics get dreamy-eyed and sigh whenever the balcony scene from Shakespeares Romeo and Juliet comes up in conversation. Juliet stands on her balcony, innocently murmuring about her meeting with Romeo while the very subject of her musings eagerly climbs the garden wall and trellis leading up to the object of his love, Juliet. Anyone viewing Luhrmanns Romeo + Juliet will be sadly disappointed at first to see that theRead MoreShakespeares Romeo and Juliet and Baz Luhrmanns Romeo + Juliet 1154 Words   |  5 PagesWilliam Shakespeares The Tragedy of Romeo and Juliet, set in 16th century Verona, Italy shares differences with Baz Luhrmanns Romeo + Juliet, set in modern day Verona Beach. These stories contain the same characters and conflict, however major and minor discrepancies are galore in the story lines of both formats of William Shakespeares creation. Some major inconsistencies occur, such as Mercutio dying at a beach, portrayed as a hero, instead of being at a bar, looking like a fool, Friar LawrencesRead MoreRomeo And Juliet Movie Comparison Essay1055 Words   |  5 PagesIn the original play Romeo and Juliet written by William Shakespeare in 1587, throughout the years there have been movies made trying to convey the message that Shakespeare had wanted. The movies that will be examined in order to compare the differences on whether they are similar to the original are Baz Luhrmann’s 1996 version William Shakespeare’s Romeo + Juliet and Carlo Carlei’s 2013 version, Romeo Juliet. The movies are another version of the original play in terms of setting, tone and charactersRead MoreSimilarities And Differences Between Gnomeo Jomeet And Romeo And Juliet881 Words   |  4 PagesRomeo and Juliet is a very well known book that is loved by many. There numerous movies done on Romeo and Juliet like Baz Luhrmann’s 1996 version and Gnomeo and Juliet. There are many apparent differences like using guns instead of swords and u sing gnomes instead of people. Although there are many similarities, the differences between Luhrmann’s movie and Gnomeo and Juliet compared to the play Romeo and Juliet are evident. The similarities between the movie and the play only go down to the plot andRead More Romeo and Juliet Movie comparison Essay650 Words   |  3 Pages Movie Compare and Contrast nbsp;nbsp;nbsp;nbsp;nbsp;There are many similarities and differences between the sixties version of Romeo and Juliet and the modern version of Romeo and Juliet. It is very easy to spot these differences considering the time period each movie was set in. There are some things in the play that totally got cut from both movies. There are also some things that they added to the movies that weren’t in the play. Let us get on to the similarities and differences. nbsp;nbsp;nbsp;nbsp;nbsp;FirstRead MoreEssay on Comparing Romeo and Juliet Films1328 Words   |  6 PagesComparing Romeo and Juliet Films In this essay I intend to compare both the part scenes of Franco Zefferelli and Baz Lurhman movie. Franco’s film was screened in 1970; the actors who play the role of RomeoJuliet are Leonardo Whiting and Olivia Hussey. Baz’s film was screened in 1997. Leonardo Di Caprio played the role of Romeo and Clare Danes had played the role of Juliet. In this essay I will discuss the differences in both these film that tell the sameRead MoreRomeo And Juliet Comparison Essay1079 Words   |  5 PagesIn the movie â€Å"Romeo and Juliet† they show a lot more emotion. In the beginning of the original movie when the Capulet put his thumb to his mouth and told the Montague it wasnt toward them they understood and didnt get bothered. The reaction in the modern version is different than the original movie because they reacted by getting super upset. They were so upset that they start to scream which causes commotion. This helps to show us the difference between the two versions and how one shows way moreRead MoreRomeo and Juliet: A Text to Film Comparison Essay1036 Words   |  5 PagesShakespeare’s Romeo and Juliet has been modified numerous times and has been a source of inspiration for many playwrights and directors. Franco Zeffirelli and Baz Luhrmann are examples of directors that use Shakespeare’s legendary tragedy as a basis for their films. In the Franco Zeffirelli version of Romeo and Juliet, produced in 1968, the setting is accurate to the times of when William Shakespeare wrote the play. In the last act of the film a few differences arose. In Zeffirelli’s production Romeo doesRead MoreLove Is A Smoke Made With The Fume Of Sighs1551 Words   |  7 Pages Romeo Juliet Reflection â€Å"Love is a smoke made with the fume of sighs.† (RJ 1.1.181) The tragedy of Romeo and Juliet has shown the readers the bitterness along with the passionate love. The messages which Shakespeare tried to bring to the readers made the play be a timeless classic for tragedy. It gives people similar but slightly unlike understandings from the particular point of views. The different movie versions and paintings take inspiration from the original play, butRead MoreContrast Essay: Romeo and Juliet906 Words   |  4 PagesContrast Essay: Romeo and Juliet Often times people say that William Shakespeare was and still is a legend. They are correct. It is amazing how Shakespeares play Romeo and Juliet written centuries ago can be better than Franco Zefferellis movie production of Romeo and Juliet, which had much better technology to work with only decades ago. Although the movie appeared better, it left out some major parts. The play had better mood and plot details which made it much more dramatic and by far a

Avian Influenza in the Media Free Essays

The article that I chose to discuss is entitled â€Å"Avian Flu: Is the Government Ready for an Epidemic?† and was published on the ABC News website on September 15, 2005. The journalists name was not published. The article opens with the lines â€Å"It could kill a billion people worldwide, make ghost towns out of parts of major cities, and there is not enough medicine to fight it. We will write a custom essay sample on Avian Influenza in the Media or any similar topic only for you Order Now It is called the avian flu.† Throughout the rest of the article, the journalist goes on about the horrors that could occur if avian flu were to mutate so that it was able to be transferred from human to human, and not just from bird to human as is now the case. The journalist quotes Dr. Irwin Redlener, the director of the National Center for Disaster Preparedness as saying â€Å"The tipping point, the place where it becomes something of an immediate concern, is where that virus changes, we call it mutates, to something that is able to go from human to human,† and then states that scientists around the world are now working around the clock as they wait for that tipping point. However, at no time does he inform the reader that all viruses mutate naturally over and over again, and that the chance of the H5N1 strain, mutating into a strain that could pass from human to human is in no way an eventuality, or even a likely outcome. He just takes quotes from various scientists around the world who are expressing a worry about what could happen in the event that H5N1 were to mutate, and uses them to imply that this is a very likely possibility. The journalist also likens an Avian Flu pandemic to Hurricane Katrina, an event that was at the foremost of people’s minds when the article was published and uses purposefully disturbing imagery that has been shown on TV about Hurricane Katrina, such as people dying in the airports and the utter helplessness of the Superbowl, to cause people to panic and worry that bird flu is likely to devastate the country at any second in order to bring to light the Government’s unpreparedness for an outbreak. He then goes on to discuss what he calls an â€Å"inadequate stockpile of medicine† and blames the Government for not having stockpiled enough Tamiflu, which he equates to a miracle drug which will stop H5N1 in its tracks. However, while he is happy to imply, in the beginning of the article, that the H5N1 virus is likely to mutate at any time, he conveniently ignores this when he talks about Tamiflu, and nowhere does he state that while this drug can help people who have contracted bird flu, it is only useful to the current strain of the virus and if it mutates, which he assures us it will, there is no guarantee that it will be of any use to those infected. I feel that these are unforgivable exaggerations of the disease and its dangers and that the journalist was simply interested in sensationalism and causing a public outcry and panic. Expert opinions on the dangers of the H5N1 virus are currently very varied and divided and a lot is still unknown about the disease, but at no time does this article bring that to light. Laura Chang, of the New York Times said it best when she said that journalists shouldn’t â€Å"write articles that might feed a sense of panic, such as telling people to stock up on Tamiflu, or dramatizing how a pandemic would spread through a particular city. Sometimes silence is the best journalism.† Website: http://abcnews.go.com/Primetime/Investigation/Story?id=1130392page=1 MRSA in the media This article on MRSA, or the Methicillin-resistant Staphylococcus aureus, was published in the British newspaper, the Sunday Metro, under the headline â€Å"Strain of superbug ‘may be new HIV.’† The article opens with â€Å"A deadly new drug-resistant strain of the superbug MRSA could spread rapidly through the gay community, experts have warned.† It then goes on to equate MRSA to the HI virus when it says: The infection is already moving through parts of San Francisco in the same way as HIV and Aids did in the early 1980s. The bug, which can lead to a deadly flesh-eating form of pneumonia, is 13 times more prevalent among the city’s gay men than other people. However, at no time does the article explain what MRSA is or that it is not in fact, anything like HIV or AIDS. MRSA is in fact caused by a bacterium, already a vast difference from the virus that causes aids, that is responsible for difficult-to-treat infections in humans. The organism can also be further classified into either Community-Associated MRSA or Hospital-Associated MRSA depending on the circumstances in which the patient acquired the disease. The article goes on to focus on one strain of the disease, a strain known as the USA300 strain and the journalist notes that â€Å"the USA300 bug, is not caught in hospitals but spreads through a community, often by casual contact† which is true, as it is a community-associated strain of MRSA that is spread by skin to skin contact. However, the journalist then goes on to suggest that this strain, which is as a particularly antibiotic resistant epidemic that is responsible for rapidly progressive, fatal diseases, is only likely to affect the gay community. However this is not the case and as MRSA is not a sexually transmitted disease there is no way it could only affect only the gay community. The USA300 strain is passed on by skin-to-skin contact and therefore cannot be liked to HIV which is transmitted only through direct contact with the bodily fluids of an infected individual. While practicing homosexuals are at risk of being affected by the USA300 strain, the disease has also been reported by people in athletic teams, correctional facilities, military recruits and newborn nurseries. I believe this article is simply an example of sensationalism in the media. It does not focus on any of the facts, and makes purposefully sweeping and false statements about MRSA and its similarity to HIV, which couldn’t be further from the truth. The two are nothing like each other, one caused by a bacteria and one by a virus. One transmitted sexually and the other just by touching someone that has been infected. It was written simply to get people to by the newspaper, and should be ignored. Website: http://www.metro.co.uk/news/article.html?in_article_id=83921;in_page_id=34;expand=true How to cite Avian Influenza in the Media, Essay examples