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Q: You have been hired as a fraud auditor to examine the assets

You have been hired as a fraud auditor to examine the assets of a company that recently filed for Chapter 11 bankruptcy. The company manufactures and sells circuit boards for children's computerized t...

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Q: 1. Focusing on changes in financial statements from period to period

1. Focusing on changes in financial statements from period to period can help identify analytical fraud symptoms. 2. Controls over inventory should be closely examined when searching for fraud sympt...

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Q: Attorney Mark E. of Newport, Virginia, pleaded guilty to

Attorney Mark E. of Newport, Virginia, pleaded guilty to wire fraud in the Eastern District of Virginia, based on his actions of embezzling from a client in Chapter 13 bankruptcy. Mark embezzled more...

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Q: Look up the U.S. Trustee Program's 2012 Annual Report

Look up the U.S. Trustee Program's 2012 Annual Report at http://www.justice.gov/ust/eo/public_affairs/ annualreport/docs/ar2012.pdf. 1. How is a trustee defined? 2. What are the functions of the tr...

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Q: Willy and Buck Forsythe are brothers who often engage in shady business

Willy and Buck Forsythe are brothers who often engage in shady business deals and regularly swindle honest people out of their money. Willy and Buck have decided to take their business to a new level....

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Q: Steve Stevenson had noticed that the contracts for custodial work for the

Steve Stevenson had noticed that the contracts for custodial work for the schools in the district in which he worked had almost all been going to the same custodial company, Johnson Cleaning, and it s...

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Q: Hospital administrator Jake Rosen9 was recently convicted for fraud he committed against

Hospital administrator Jake Rosen9 was recently convicted for fraud he committed against his employer, Cedar Hospital Systems. Over a period of six years, Jake allegedly made payments to a dummy compa...

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Q: You have been searching for a job for some time. One

You have been searching for a job for some time. One day, while searching through some online want ads, you see the following advertisement: Wanted: Persons seeking high paying corporate jobs in the C...

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Q: Jenny Lanstrom regularly visits her grandfather, Mike Lanstrom, every Thursday

Jenny Lanstrom regularly visits her grandfather, Mike Lanstrom, every Thursday night. Jenny's grandfather has been a widower for the past six years. Jenny's grandfather is very intelligent. He is a de...

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Q: On September 24, 2007, Miguel Carcamo was going through his

On September 24, 2007, Miguel Carcamo was going through his mail. For some reason, Miguel had not yet received his bank statement, which he usually received at the beginning of each month. Although he...

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