Suchergebnisse

• eBook-Kapitel aus dem Buch Big Data – Systeme und Prüfung

  Fraud Analyse von Massendaten in Echtzeit

  Oliver Derksen

  …Fraud Analyse von Massendaten in Echtzeit Oliver Derksen M.A. in Risk & Compliance Management, CISA… …Derksen 46 Inhaltsübersicht 1 Kurztext 2 Herausforderungen der Fraud Massendatenanalyse 3 SAP HANA 4 Fraud Management Framework 5… …Operatives Fraud Management mit SAP HANA 6 Fazit Fraud Massendatenanalyse in Echtzeit 47 1 Kurztext Das vorgestellte operative Fraud… …Daten rapide an, so dass die bekannten Analyseansätze an Grenzen stoßen. Vor diesem Hintergrund ergeben sich für das Fraud Management insbesondere… …vollständig und schnell zugänglich. Neben den direkt auf HANA aufbauenden Anwendungen aus dem SAP GRC Port- folio, wie bspw. SAP Fraud Management oder die… …einfach sind. 4 Fraud Management Framework Fraud Management ist integraler Bestandteil des Risiko- und Kontrollmanagements eines Unternehmens… …Effektivität und Effizienz des Analysevorgangs. Abbildung 1: Fraud Management Framework  SAP HANA dient dabei als unternehmensweites… …definierten Kontrollen werden im Fraud Ma- nagement implementiert. 5 Operatives Fraud Management mit SAP HANA Das operative Fraud Management… …. Das Fraud Management System liefert in diesem Fall den Ergebniswert der Strategie an das rufende System zurück. 5.2 Untersuchung von… …Management überwindet die Limitierungen klas- sischer manueller bzw. teilautomatisierter Betrugsuntersuchung hin zu einer wert- und ereignisgesteuerten…

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• eBook-Kapitel aus dem Buch Accounting Fraud

  Case 7: Waste Management (1997)

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …Accounting Fraud in U.S. Companies 55 Case 7: Waste Management (1997) The Waste Management case provides an anatomy of an accounting… …management to falsify the financial statements by plugging in the additional income needed to achieve the desired earnings for each Accounting Fraud in… …Management stock while the fraud was ongoing, they avoided losses. For example, in one instance, just ten days before certain of the accounting irregularities… …spree, and WMI’s results began to turn around. References: Albrecht, W. Steve: Fraud at Waste Management, www.aicpa.org/antifraud Mulford… …Executives Are Named in SEC Accusation, The New York Times, March 27, 2002 Former Waste Management officials face fraud lawsuit, St… …scandal that is far more than just a financial history lesson. It portrays a multiyear effort to inflate reported profits at Waste Management, Inc. (WMI)… …portrays an accounting fraud perpetrated by the highest-ranking officers at WMI. As the scheme unravelled in 1997, the news sent WMI’s stock value tumbling… …investments. Waste Management, Inc. was a Delaware corporation with its principal place of business in Oak Brook, Illinois. Through its subsidiaries, WMI… …services. During the early years of the 1990s, WMI began to dominate the field of waste management and trash hauling. By 1995, its sales exceeded USD 10… …that the auditors played a central role in allowing the fraud to continue. Year after year, Arthur Andersen complained about the efforts to inflate…

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• eBook-Kapitel aus dem Buch Accounting Fraud

  Case 9: Cendant/CUC (1998)

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …president and COO. Commenting on the fraud, one FBI agent said: “Some people have referred to this as a case of earnings management. But this is an attempt… …Accounting Fraud in U.S. Companies 66 Case 9: Cendant/CUC (1998) The Cendant Corporation was formed in December 1997 by a merger of two com-… …creation of Cendant, a significant accounting fraud came to light at the CUC division. Before Enron, the case was considered the biggest accounting fraud… …ever. From its beginnings in 1983, the fraud was directed by Walter A. Forbes, CUC’s chairman and CEO, and his top lieutenant, E. Kirk Shelton, CUC’s… …Street analysts expected. In the earlier years, however, an important part of the fraud was improper revenue and expense recognition. CUC stated that its… …totally fictitious, including, for exam- ple, USD 500 million over the three-year period from fiscal 1995 to 1997. One fraud investigator commented: “It… …appears to have been simple. People just made things up.” In another scheme, CUC’s senior management imposed moratoriums on recognizing expenses at the… …extended amortization periods. By shifting current expenses to a later period, the company further inflated its reported earnings. Accounting Fraud in… …U.S. Companies 67 In later years, the fraud extended well beyond improper revenue and expense rec- ognition practices. As time went on and… …improperly charged asset write-offs and other operating expenses against these acquisition reserves. By far, the largest part of the CUC fraud came from…

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• eBook-Kapitel aus dem Buch Accounting Fraud

  Case 19: Adelphia Communications (2002)

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …Accounting Fraud in U.S. Companies 126 Case 19: Adelphia Communications (2002) The Adelphia case ranks among the biggest corporate fraud… …of all the cases. It should become a show-and-tell in all busi- ness schools as the antithesis of public company management and stewardship.” In… …resigned from management positions and the Adelphia board of directors, after a series of questionable transactions between the family and the company had… …, Adelphia filed for Chapter 11 bankruptcy protection. Accounting Fraud in U.S. Companies 127 On July 24, 2002, federal prosecutors arrested… …the Rigas entities participated jointly in a cash management system operated by Adelphia (the “CMS”). This resulted in the commingling of funds… …. Accounting Fraud in U.S. Companies 128 Adelphia deliberately shifted liabilities onto the books of unconsolidated Rigas en- tities. The company created a… …capable” a greater percentage of its cable plant that in fact had been upgraded. Accounting Fraud in U.S. Companies 129 Third, Adelphia… …While most of the fraud took its form in hidden debt and misrepresentations con- cerning operational performance, the Adelphia case is especially notable… …: Accounting Fraud in U.S. Companies 130 – The Rigases created a special accounting system to mask their personal transactions, using the company’s… …centralized cash management system (which pooled cash from Adelphia and the Rigas entities) to their personal advantage. – Many Rigas entities were so…

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• eBook-Kapitel aus dem Buch Interne Revision aktuell

  Case-Management

  Matthias Kopetzky

  …Wirtschaftskriminalität (Fraud) im eigenen Unternehmen durch die Interne Revision oder eine andere beauftragte Abteilung. Ein Fraud-Fall ist regelmäßig auch ein sehr… …einzubinden sind. Das wiederum heißt, dass auch der Abwicklung (Management) eines Falles im Unterneh- men eine besondere Bedeutung zukommt. Die Empfehlung für… …heranzugehen. Prozesse sind heute im modernen Management ein wesentlicher Faktor. Die Unternehmen werden über Prozesse gesteuert und die Prozesse werden ins… …Wirtschaftsprüfer e Steuerberater e Unternehmensberater  „fremde“ Spezialisten e CFE – Certified Fraud Examiner Eine der wesentlichen Fragen vor Beginn jeder… …erfüllen und natürlich das Management laufend über den Stand der Untersuchung zu informieren. Mit zur Kommunikation gehört auch, dass sämtliche Schritte im… …schnellsten einen Überblick über den möglichen Schaden und dessen Be- grenzbarkeit erarbeiten kann. Das Case Management-Team berät das Management, welche… …beachren. Ablaufdiagramm – CASE MANAGEMENT 11) Ein Nutzungstrail ist der Nachweis, wer wann und wie lange auf Beweisstücke Zugriff bzw. diese inne gehabt…

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• eBook-Kapitel aus dem Buch Corporate Governance und Interne Revision

  Die Rolle der Internen Revision bei Bilanzdelikten

  Dipl.-Kfm. Stefan Hofmann

  …. . . . . . . . . . . . . . . . . . . . . . . 679 2.2 Interne Revision und Top Management Fraud . . . . . . . . . . . . . . . . . 680 3 Bestandsaufnahme: Die Rolle der Internen Revision in… …, the control consultants, the can-do, value-added members of the management team. We know better than anyone else how to combat fraud, error and waste.“… …Employee Fraud sind somit eine wesentliche Aufgabe der Internen Revision.6 2.2 Interne Revision und Top Management Fraud Die Aufklärung von Employee Fraud… …Jahresabschlussadres- saten liegt in der weit überwiegenden Anzahl der Fälle Top Management Fraud vor. Bilanzdelikte bewirken regelmäßig erhebliche materielle und… …nachgegangen werden, welche Beiträge die Interne Revision zur Früherkennung, Aufdeckung und Prävention von Bilanzdelikten bzw. zu einem „Anti Fraud Management… …turnusmäßige Erstellung eines darauf basierenden Fraud Berichts übertra- gen werden. Im Hinblick auf Top Management Fraud ist insbesondere die Einhaltung der… …durch einen unlauteren Vorstand ist systembedingt wohl nur schwer möglich.35 Es wird somit deutlich, dass Fälle von Top Management Fraud nicht zufrieden… …Stärkung der Internen Revision, in: ZIR 32 (1997), S. 313–322. KPMG (Hrsg.): Anti Fraud Management – Best Practice der Prävention gegen Wirtschafts-… …Prüfungswesen 678 Hofmann Inhaltsverzeichnis 1 Einführung: Die Interne Revision – „Fraud Champion“ im Unternehmen?… …. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 679 2 Deliktische Handlungen und Interne Revision . . . . . . . . . . . . . . . . . 679 2.1 Interne Revision und Employee Fraud…

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• eBook-Kapitel aus dem Buch Management Auditing

  Management-Fraud

  Joachim Kregel, Volker H. Peemöller
• eBook-Kapitel aus dem Buch Accounting Fraud

  Fraud Theories

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …effective risk management policies) is decisive for any fraud prevention program. Moreover, opportunity often represents the only element an organization… …bosses and will say: “Management is dis- honest, so I can be dishonest, too.” Fraud Case Analysis: Lessons Learned 282 – The “Low-Hanging… …Fraud Case Analysis: Lessons Learned 276 3.3 Fraud Theories 3.3.1 The Fraud Triangle Although it is common knowledge today that people… …may commit fraud, it is often not understood why they do it. Donald R. Cressey, one of the pioneers in fraud re- search, came to the conclusion that… …fraud is most likely to occur when three critical elements come together: incentive/pressure, opportunity, and attitude/rationaliz- ation. In the case of… …accounting fraud, for example, the incentive/pressure might be the need to make earnings look better in order to meet debt covenants. The oppor- tunity might… …financial hump”. Cressey developed a three-pronged framework, commonly known as the fraud triangle, which is a very useful tool for fraud-fighters seeking to… …under- stand and manage fraud risks. The fraud triangle is shown in Exhibit 6 (see, e.g., Montgomery/Beasley/Menelaides/Palmrose 2002, p. 63; Wells 2007… …, p. 7). Fraud Opportunity Attitude/Rationalization � Financial stability or profitability threatened by economic, industry or entity operating… …conditions � Excessive pressure for management to meet the requirements or expectations of third parties � Management‘s personal financial situation…

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• eBook-Kapitel aus dem Buch Accounting Fraud

  Chapter 4: Conclusion and Outlook

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …guidelines for “best practice” in fraud risk management. For a summary of basic anti-fraud strategies, see Exhibit 9 (the definitions are extracted from… …and hiring and promotion standards. – A comprehensive fraud risk assessment helps senior management to under- stand their fraud risks, identify gaps… …elements of any integ- rity management approach. Integrity management does not only prevent major fraud risks and save significant costs. In the long run… …Exit Plan?), www.theconglomerate.org, January 2010 KPMG: Fraud Risk Management: Developing a Strategy for Prevention, Detection, and Response… …to frequent events, and that there is no scandal arising from infrequent but morally acceptable events. The cases of accounting fraud described in… …led away in handcuffs under indictment for fraud was shocking indeed, and society was outraged at the criminal acts. Most of the scandals occurred… …characterized the scenario in Europe and in Asia, showing that probably no corporate governance system in the world is able to prevent accounting fraud… …. Unfortunately, fraud will continue to hit the headlines of newspapers as well as the bottom lines of companies. Despite the best efforts of those who are respon-… …sible for fighting fraud, one inevitable reality remains: “fraud happens”. It is a given that economic crime will always be with us. Eliminating fraud is… …probability, the malfeasance is detected. Other factors contributing to accounting fraud may include unrealistic performance standards that fail to take into…

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• eBook-Kapitel aus dem Buch Accounting Fraud

  A Practice Aid for Auditors: Fraud Interviews – An Inquiry Guide

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …to mitigate fraud risks or help to prevent and detect fraud? If so, what are these programs and controls? How does management monitor these programs… …report to? – Has management reported to the audit committee on the process for identify- ing and responding to the risk of fraud? Has management reported… …to the risks of fraud? – Does the audit committee oversee management’s monitoring of operating locations? – Has management reported to the audit… …committee on the company’s internal control? Has management discussed any specific concerns about fraud or significant control weaknesses with you? What… …procedures has internal audit performed to detect fraud? What specific procedures has internal audit performed to address the risk of management override of… …management is often in the best position to perpetrate fraud. Therefore, he has to use professional judgment in deciding whether it is necessary to… …Appendix: Practice Aids 297 Appendix II A Practice Aid for Auditors: Fraud Interviews – An Inquiry Guide Of… …course, some cases of accounting fraud described in this book were so complex and well-concealed that no auditor would have been able to uncover them… …. These cases were well beyond the scope of a traditional audit. Nevertheless, auditors have to be more aggressive in order to detect fraud. They have to… …team have to be motivated to think about how and where fraud might occur. They have to conduct the audit with a mindset that recognizes the possibility…

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