Free Essays on Bad Faith to Get Inspired & Learn by Example

According to Sparrow (1998), it is recorded that more than one trillion dollars are spent and allocated on health care services each year in the United States. This figure is approximately fifteen percent of the gross national product of the country. The part of the yearly health care expenses wasted because of fraud and abuse stays not known because these issues are not measured systematically. However, traditional knowledge, as supported by the recent medical and Medicare studies, acted upon by the Office of Inspector General of the United States Department of Health and Human Services. These studies estimate losses Continue reading...

Executive Summary

Many small businesses have been on the growth, but there are a lot of security challenges facing them. Cyber security tends to be a critical focus of the World Security Strategy. This is because an estimate shows that cybercrimes cost the United Kingdom economy 27billion Euros per year (Culnan & Armstrong 1999). The potential of small businesses driving economic growth through e-commerce is being affected by cybercrime. Statistics shows that around three in every ten members have been a victim of fraud. Three types of frauds frequently experienced include; card fraud (11%), customer or client fraud (14%), and computer software Continue reading...

Question one

According to GAAS, what are the auditor’s responsibilities for detecting fraud?
In accordance with the GAAS, an auditor who is conducting an audit of financial statements is responsible for gathering evidence to obtain a reasonable assurance that the financial statements prepared are free from any material misstatements that can be caused by error or fraud(Omoteso&Obalola, 2014). The auditor can only obtain reasonable assurance and not absolute assurance due to the nature of audit evidence given and gathered. Another possible reason is the nature of fraud. The auditor is required to understand the implications of different risks factors Continue reading...

Accounting fraud entails financial misdeeds by executives that are trusted in either the government or corporations. In essence, these misdeeds involve complicated mechanisms of misdirecting or misusing an organization’s funds, understating expenses, overstating revenues, underreporting the liabilities existing and even overstating the price of the assets of an organization. Such accounting frauds are always geared towards personal interests of enriching oneself, and are always illegal and punishable by law. This paper analyzes the Enron scandal (2001) as an accounting fraud to explain the fundamental drivers of fraud.
Before it was declared bankrupt in the year 2001, Enron Corporation Continue reading...

Military deception is an activity that is conducted at operational, strategic and tactical levels and can be defined as those actions that are executed deliberately to mislead the adversaries who make decisions about the military capability that one party that is involved in the military operations. The role that the military capabilities, operations, and the intentions thereby cause the adversary to take specific actions and plans or inactions and this goes a long way in contributing to the accomplishment of the mission at hand.
The actions of misleading the adversaries during any phase of the operation plays a vital Continue reading...

Healthcare fraud involves medical fraud, health insurance fraud, and drug fraud. The people who are engaged in healthcare fraud keep on looking for new ways to dodge the law. The False Claims Act is used to recover the damages caused by healthcare fraud. Every year the US spends a lot of money on healthcare. There are plenty of insurance claims that are processed, but not all the claims are genuine (NHCAA, 2015). Some pharmaceutical companies commit medical fraud because they are more focused on making sales. A good example is the fraud case of GlaxoSmithKline (GSK). The company had Continue reading...

Investment Fraud

Investment Fraud
Persons investing in securities need protection against fraud. The United States Securities and Exchange Commission securities act of 1933 outlines two basic principles. First investors ought to receive financial and any other relevant information on securities on offer for public sale and secondly the law prohibits any kind of deceit, misinterpretations and any other fraud during the process of acquiring securities. But this is not to brush aside the fact that fraud occurs in sale of securities to investors.
Through registration of securities, investors get access to important financial information about securities. This plays a big role Continue reading...

“The Jewelry” is the casual name of Guy de Maupassant’s short story “The False Gems”. In “The False Gems” Maupassant uses the realistic approach and eliminates the moral judgment and long digressions found in most writings. This short story entertains and moves the audience to ponder the deeper and hidden meaning of events. It entails symbolism, irony, diction and subtle allegory. Maupassant masters irony by blurring the boundaries between art and reality. He uses allegory to underscore and bend the essential nature (greed and deception) of the characters to the perceived truths (standard of living). The protagonists in Continue reading...

It seems that the early years of 2000’s were indeed the time of shame in the corporate history of United States. After the traumatizing scandals of Enron, the nation’s largest healthcare public listed firm, HealthSouth, was found to be involved in the accounting scandal, and was accused of inflating its earnings by $1.5 billion to meet the market expectations every quarter from 1999 to 2002. Interestingly, the regulators and the auditors could never caught the accounting dressing until the CEO, Richard Scrushy, sold stock worth $75 million just a day before the company reported quarterly loss during Continue reading...

Utilitarian Perspective

Utilitarianism advocates for the greater good in the decision making for an ethically confusing situation. According to this approach, Antonina is supposed to consider her options when considering what to do with regards to the false representation of the receipts by the sales team. She finds herself in a dilemma, as she states she want to show her expenses as they are truthfully without following the method that has been used by the sales people. However she is just an intern and the harsh response from her boss who is head of the best performing sales team in the Continue reading...