Suchergebnisse

• Ausbildungsbeginn Certified Compliance Expert 2010

  …zwölfmonatigen Ausbildung zum Certified Compliance Expert (CCE). Interessenten erlangen Fachwissen in den Bereichen Compliance und Fraud Management und haben… …branchenübergreifend an Bewerber mit spezialisierten Vorkenntnissen. Sie können sich so weiter qualifizieren, um damit das Know-how im Bereich Compliance und Fraud… …[url]http://www.school-grc.de|www.school-grc.de[/url] oder telefonisch unter +49 30 275 817 48 0. Quelle: ZRFC Risk, Fraud & Compliance, Heft 2/2010…

  Alle Treffer im Inhalt anzeigen
• eBook-Kapitel aus dem Buch Accounting Fraud

  Case 5: Phar-Mor (1992)

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …Accounting Fraud in U.S. Companies 46 Case 5: Phar-Mor (1992) In 1982, Michael “Mickey” Monus and a friend, David Shapira, visited a “deep… …growing businesses in the U.S. had been committing massive accounting fraud. Investigators eventually determined that from at least 1987 through 1992… …un- covered the fraud. Phar-Mor’s board of directors insisted that it was plenty active, but fully deceived until it got a tip in late July 1992. Monus… …day, a travel agent who Accounting Fraud in U.S. Companies 47 booked flights for league players received a USD 75,000 check for WBL expenses… …activities and helped to expose an intricate accounting fraud. The fraud was carefully carried out over several years by persons at different organ-… …collusive management fraud was almost inconceivable. The perpetrators made phony journal entries to increase inventory and decrease cost of sales… …, recognized inventory pur- chases but failed to accrue a liability, and double-counted merchandise. Members of the fraud team later indicated that one reason… …the fraud was not detected by the auditors was because Phar-Mor executives knew exactly what the auditors would be looking for. They made sure that… …informed Phar-Mor in advance which stores they would visit. The Phar-Mor fraud team stocked the four selected stores correctly, and allocated the phony… …“Cookies”. The fraud team used these entries to inflate inventory and earnings. As it would not have been practical to carefully scan all the packets, the…

  Alle Treffer im Inhalt anzeigen
• eBook-Kapitel aus dem Buch Accounting Fraud

  Case 23: Computer Associates International (2004)

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …Accounting Fraud in U.S. Companies 149 Case 23: Computer Associates International (2004) Computer Associates International, Inc. may not be… …on a shenanigan called the “Extended Quarters Practice”. In September 2004, the SEC filed securities fraud charges against Computer Associates, Kumar… …, Accounting Fraud in U.S. Companies 150 when the company reported USD 557 million in revenues beyond the USD 1.047 billion it could properly claim. Thus… …unexpired portion of the old license. Accounting Fraud in U.S. Companies 151 For contracts under its pre-2000 business model, Computer Associates… …. Thus, the USD 3.7 million essen- tially amounted to hush money. In April 2006, Kumar pleaded guilty to accounting fraud charges. Along with Stephen… …sentenced to 12 years in prison for orchestrating the accounting fraud at Computer Associates; he was also fined USD 8 million. Judge Leo Glasser repeatedly… …other things, donations to tsunami relief in Sri Lanka; girls’ education programs in Accounting Fraud in U.S. Companies 152 Kenya; emergency… …225 million to a restitution fund in order to compensate victims of the fraud. It also agreed to take various steps to strengthen its corporate… …monitoring for at least 18 months. In 2006, as part of an attempt to improve its image in the wake of the fraud charges, Computer Associates changed its… …involved in day-to- day matters. But Wang blamed his hand-picked successor Sanjay Kumar and other company executives for the fraud. Wang, the owner of the…

  Alle Treffer im Inhalt anzeigen
• eBook-Kapitel aus dem Buch Accounting Fraud

  Case 18: Qwest Communications International (2002)

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …Accounting Fraud in U.S. Companies 122 Case 18: Qwest Communications International (2002) Denver, Colorado-based Qwest Communications… …revenue im- mediately rather than rateably. The fraud surfaced in the summer of 2002, after several critics had publicly ques- tioned why Qwest was… …billionaire investor Philip F. Anschutz (the company’s founder) resigned as chairman of the board. Accounting Fraud in U.S. Companies 123 The… …. “Accounting rules, policies or controls that in- terfered with meeting revenue targets were stretched or ignored outright, creating an environment for fraud… …. Accounting Fraud in U.S. Companies 124 Eventually, Qwest understated USD 231 million in expenses from 1999 to 2002, relating to employee vacations… …former CEO Joseph Nacchio and six other execu- tives with engineering a “massive financial fraud” at the telecommunications com- pany. “This was definitely… …of fear” and enormous pressure on employees to meet those targets. Former CFO Robin Szeliga (who was described as the “overseer of the fraud… …cluded a suspension from appearing or practicing before the SEC as an accountant. Ex-CEO Joseph Nacchio attacked the SEC’s fraud case against him as “a… …collection of unsupported allegations”. In April 2007, however, while still facing the SEC lawsuit that accused him of accounting fraud, Nacchio was… …generated by sell- Accounting Fraud in U.S. Companies 125 ing services on Qwest’s network was not increasing as Nacchio had projected. Also, other…

  Alle Treffer im Inhalt anzeigen
• eBook-Kapitel aus dem Buch Accounting Fraud

  Case 24: AIG (2005)

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …Accounting Fraud in U.S. Companies 155 Case 24: AIG (2005) In his 38 years as CEO of American International Group, Inc. (AIG), Maurice… …AIG were three primary areas of fraud (see SEC 2009): – Sham reinsurance transactions with General Re Corp. (“Gen Re”), in order to make it appear… …boosted AIG’s net investment income and allowed it to improperly recognize capital gains Accounting Fraud in U.S. Companies 156 The “Gen… …. Accounting Fraud in U.S. Companies 157 The transactions to misstate net investment income and capital gains Another set of transactions was designed… …General Eliot Spitzer. “And yet, top management routinely and persistently resorted to deception and fraud in an apparent effort to improve the company’s… …over securities fraud and improper accounting by paying USD 800 million in fines and disgorgement. Settlement of these issues with New York State… …authorities as well as the Department of Justice resulted in payment of another USD 800 million. Accounting Fraud in U.S. Companies 158 Eventually… …, in August 2009, the SEC announced an agreement with Greenberg to settle the accusations that he oversaw the accounting fraud at AIG. The SEC com-… …Greenberg was liable as a “control person” during the fraud, but it had not accused him of fraud directly. Under the settlement, 84 year-old Greenberg… …defiant statement saying that he had “no responsibility” for the fraud at AIG and that the vast majority of the re- statement was “unnecessary”. But he…

  Alle Treffer im Inhalt anzeigen

• Steinbeis-Management-Reihe

  …aktuellen Datenschutzregeln Ermittlungen zu handhaben sind, und ob der Datenschutz eigentlich Tätern oder Unternehmen nützt. Quelle: ZRFC Risk, Fraud &…

• Alumni stellen sich vor

  …vermittelt ein großes Wissensspektrum in den Themengebieten Governance, Risk, Compliance und Fraud Management. Mit diesem Wissen sind die Absolventen in der… …Risk, Fraud & Compliance, Heft 1/2010…

• Alumni stellen sich vor

  …nach den Diplom- Studiengängen. Vor allem die spezielle Ausrichtung auf die Themen Governance, Risk, Compliance und Fraud Management weist eine große… …rundete die positiven Erfahrungen des Studiums ab.“ Quelle: ZRFC Risk, Fraud & Compliance, Heft 2/2010…

• Alumni stellen sich vor

  …für Prävention, Detektion und Aufarbeitung von Fraud im Einzelhandel. Über das Studium an der School GRC sagt er: „Das MBA-Studium vermittelt den… …Einzelhandelsunternehmen“. Quelle: ZRFC Risk, Fraud & Compliance, Heft 4/2010…

• Steinbeis-Management-Reihe

  …. Quelle: ZRFC Risk, Fraud & Compliance, Heft 5/2010…