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Fraud
Ethics
Fraud in the United States: An overview
Fraud has always existed in the United States, but a number of systemic changes in the way that business is handled have caused fraud to become more common than ever before, in both private industry and government. For example, according to the ACFE (Association of Certified Fraud Examiners) magazine Fraud, "the rise in contract management and the outsourcing of goods and services has created an increase in procurement fraud" (Piper 2012). Theoretically, when making awards the main considerations should be the quality of the work of the firm to which the labor is outsourced and the price. However, at one company, during the bidding process, "all the reputable contractors" had been given low ratings, except one new company, to which the new contract was awarded "at double the price... [said the investigator] 'I later learned the bid evaluators were friends with the contractor. The winning bidder actually had offered a bid evaluator a job with the company during the bid evaluation process'" (Piper 2012).
When such fraud occurs in government, not only are the...
And even fraud in private industry increases the costs of goods and services for the consumer. The proliferation of contracted services increases the number of transactions to which the organization is connected and thus increases the chances that fraud may occur. "If contractors or non-employees have access to processes, audit staff should assess what frauds they could be committing. Lack of daily oversight and control and lack of their definitive reporting structures to the company could keep these non-employees out of sight and out of mind" (Hubbs 2012).
Fraud takes place on an international level, and in the new global economy, it can be difficult for American companies not to be drawn into the web of misappropriation. For example, one of the most common internationally-based crimes is money laundering. "The International Money Laundering Abatement and Anti-Terrorist Financing Act of 2001, mandates financial institutions to comply with a series of anti-laundering measures including but not limited…
References
Hubbs, Frank. (2012). Fraud brainstorming. Fraud. Retrieved:
http://www.fraud-magazine.com/article.aspx?id=4294973852
Humphrey, Peter. (2012). Avoiding trouble in China. Fraud. Retrieved:
http://www.fraud-magazine.com/article.aspx?id=4294973851
http://www.fraud-magazine.com/article.aspx?id=4294973845
http://www.fraud-magazine.com/article.aspx?id=4294973850
Internet Governance by U.S. Government An amateurish video, "Innocence of Muslims," posted on YouTube in September 2012 was the catalyst for a string of anti-American protests and riots throughout the Islamic world. The short trailer, promoting an anti-Muslim film, was attributed to a motley crew of right-wing Christians in America (Sengupta, 2012). Angry mobs in Egypt were the first to react to the video on September 11 when they breached the
Org Crime Organized crime underwrites the bulk of political, social, and economic history in America. What has often been mentioned in passing as legitimate business activities can and often should be reframed as organized crime, such as the trans-Atlantic slave trade and the colonial mercantilism that it supported (Woodiwiss, 2003). When organized crime is taken out of its Hollywood context, which portrays organized crime as an immigrant problem, some patterns emerge
Ethics in Relationship to Power Structures Ethical obligations allegedly breached by Smith or Halloran while in office Senator Malcolm Smith and New York City Councilman Dan Halloran were accused of attempting to fix the mayoral ballot. They were allegedly reported having exchanged thousands of dollars in cash. This money was intended to pay off the officials of the Republican Party to agree to one of the Democrats, Smith on the GOP line.
It is important that I am honest to anyone who I choose to be my mentor. Communication must be frank and honest, as learning is the key to research. Requirements for IRB Approval Institutional Review Boards (IRB) are the governing bodies that determine what research may be conducted at the university. This is the approving authority for future knowledge and must be treated with honor and respect. As a student under
Training is part of this process, so that people explicitly understand the ethical culture of the company. Ethical cultures tend to be self-perpetuating because the people within the organization will hold themselves and their co-workers accountable. When you look at a company like Enron, large parts of that company were devoid of ethical standards, so it was much easier for the frauds to occur. Enron also highlights the need
Ethics, Values, Social Responsibility Bailout of Banking Industry in United States Ethical Compliance by Banking Industry It is quite common in American history that government comes for the rescue of companies and organization in the time of financial crisis. General motors' acquisition was one such example where saving GM meant saving the nation. When Government takes measure for the welfare of any segment of the economy, it then becomes responsibility of the organizations