Fraud can involve as little as $1 to millions of dollars depending on the players involved, as characterized by most fraud activities involving large corporations like banks and investment firms. Trap Doors and Trojan Horses is a book authored by Larry Crumbley, Lawrence Murphy Smith and Laura Davis DeLaune that details the intricacies of fraud involving large corporations and firms. The book is written as a novel that portrays what is regarded as mundane auditing or accounting process in an extremely creative and interesting manner that captures the reader’s attention. The technique used to write the book helps shed light onto the inner workings of high level fraud in the corporate world, and the players involved. This paper seeks to provide a summary of the book by highlighting the key concepts and components addressed by the book. Fraud in the accounting world is best investigated and found out by accountants who are professionally trained and certified with what is referred to as a certified public accountant (CPA) accreditation. According to Crumbley, Smith and DeLaune (7), CPAs are able to carry out what is referred to as an audit of firm’s annual or quarterly financial statements that serve to provide an opinion of the fairness of the statements in conformity with generally accepted accounting principles (GAAP). The accounting profession is guided by a strict code of conduct and ethics that should be adhered to continuously in order to maintain the integrity of their work and that of their clients. This is because auditors play a critical and vital role that requires them to be vigilant and objective in ensuring that a company’s shareholders’ interests are protected. Auditors also function to ensure that corporate and governance management act within their mandated responsibilities and duties to ensure that a firm’s daily operations are verified (Crumbley, Smith and DeLaune 8). Some of the world renowned accounting and auditing firms include KPMG, PricewaterCoopers, Deloitte and E & Y (8). In an organization, fraudulent behavior can be discerned through the observation of deviant or peculiar habits especially those that are related with money and transactions. Fraudulent employees and clients can easily be detected by observing their spending behaviors or tendencies, and looking for out of the way spending habits. According to Crumbley, Smith and DeLaune (12), an employee in one division of Coca Cola spent a considerable amount of money to buy his wife a bass boat. The wife cashed a check which she very well knew that her husband could not afford to have such an amount of money. The woman confessed that her husband made his work computer play songs that it should not been playing. This led to the suspicion of fraudulent behavior in the division involving this particular employee. This called for a forensic audit on the division’s financial statements and movement of dollar amounts within and without the division. Overspending or under-spending monies are other ways of detecting suspicious behaviors of fraud perpetrators. This is so in the sense that if an individual deviates from their normal spending habits, it is usually a sign inconsistent and suspect financial behavior. Observation of these suspect financial behaviors can lead fraud investigators to establish a precedent that warrants them to launch
Name: Instructor: Course: Date: Trap Doors and Trojan Horses. Fraud is a term used to refer to the intentional deception by an individual with the sole intent of damage or for gain or interest. Fraud is regarded as a criminal act and it is prohibited by law attracting severe fines and prison sentences depending on its magnitude and intent…
They leapt. They bucked. And they galloped in circles around and around the other in a manner that was wonderful in its immaturity. She fondly remembered when the twins were born. “Born to be a menace,” her Pa often joked. “Born running,” her mother would then add.
The main reasons for this action to be taken are that: Death Row inmates only get one habeas petition; after they have a habeas petition, they are only allowed one federal judicial review; and, after those steps have been taken, there is no recourse for an inmate to prove his or her innocence.
All though some may also envision the all too famous Tom and Jerry episode where Tom’s tail gets caught in the trap he has “cleverly” laid out for Jerry. In today’s ever changing, always inventive, society, however, the rat trap has come to serve a different, unique purpose than perhaps was ever intended.
Iphigenia at Aulis tries to reflect on the ancient happenings of Iphigenia, the daughter of Agamemnon and Clytemnestra in the Greek mythology during the Trojan War time while Iphigenia in Ilium tells a story of independent women trying to gain control of the society, contrasting greatly with the limitations that women had in the ancient days during the Trojan War.
Therefore, more than any other sector within the economy, the banking sector is the one poised to be affected very much by any incidence of Liquidity trap. Liquidity trap creates a situation where the increased money supply within the economy does not stimulate a reduction in interest rates, thus the interest rates keeps soaring high, despite the application of the monetary policy tools by the central bank, such that the measures fails to stimulate the economy (Svensson, 7).
This inclusion of certifiable Arabian blood matched with the establishment of the General Stud Book of England and the system of authorized registration of horses. At present all present thoroughbreds draw to these imported stallions.
Thoroughbreds are in use mostly for racing, however are also raised for other riding fields, namely show jumping, combined training, dressage, polo, and fox hunting.
..the more aware they become, however vaguely, of ambitions and of threats which transcend their immediate locales, the more trapped they seem to feel," and where where the connection of the course of one's life with that of the world's history cannot be grasped, and where "personal experience is politically useless, and our political will a minor illusion." It is where private troubles do not seem to be any concern of the public, where the large and grand concerns of society as a whole, including government, is oftentimes seemingly irrelevant to everyday life.
A target market for the trap is novelty buyers. At these types of stores the traps could be sold at a slightly higher price point.
The strategy of focusing on women is not necessary a smart strategy since men hate
The Trojan War, or the War of Troy, falls in the latter category, where a prince of a nation falls in love with the queen of another nation, who elopes with him to his country. The Trojan War is perhaps the greatest
10 pages (2500 words)Essay
Get a custom paper written by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Apply my DISCOUNT
Got a tricky question? Receive an answer from students like you!Try us!
Didn't find an essay?
Contact us via Live Chat, call us at +16312120006or send an email to firstname.lastname@example.org