Suchergebnisse

• eBook-Kapitel aus dem Buch Accounting Fraud

  Case 35: Parmalat (Italy, 2003)

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …that its accounting principles were in line with established international accounting standards as well as Italian standards. Yet it appeared not to be…
• eBook-Kapitel aus dem Buch Accounting Fraud

  Case 1: McKesson & Robbins (1938)

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …public prints, accountants have been startled to find their procedures, their prin- ciples and their professional standards the subject of sensational and… …conducting audit tests. Finally, the auditing profession adopted two standards that are still followed today (see WSJ June 30, 1999): – The physical…
• eBook-Kapitel aus dem Buch Accounting Fraud

  A Practice Aid for Company Executives: The Ethics Barometer

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …right “tone at the top”. A.3 I believe that the CEO and the other senior executives are fully committed to upholding the company’s standards of… …. A.12 It is easy for me to comply with the company’s standards of conduct because there is a strong level of commitment from top management and… …violation of the company’s standards of conduct to local management, I believe my report would be handled confidentially and I would be protected from… …retaliation. B.11 If I reported a violation of the company’s standards of conduct, I believe appropriate action would be taken and those involved would be… …disciplined fairly regardless of their position. B.12 If I reported a violation of the company’s standards of conduct, I believe I would be doing the… …the company’s standards of conduct. Only people with integrity are considered for promotion. B.16 Performance evaluation criteria at the… …standards of conduct is provided to me when I need it and is clear and easy for me to understand. C.4 The training is effective in guiding my decisions… …conducts a strategic analysis on non- compliance risks. C.19 The company has made sufficiently clear to me the incentives to uphold the standards of… …seen any manager or employee violating the company’s standards of conduct. D.2 If discovered, the violations I observed would not result in… …standards of con- duct, I think it would be because they are trying to help the organization achieve its goals and meet its business targets. D.5 If a…

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• eBook-Kapitel aus dem Buch Accounting Fraud

  Case 29: Infomatec (Germany, 2000)

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …causes damage to another person in violation of “accepted moral standards” is liable for the damage. The BGH emphasized that publishing materially… …, therefore, accepted moral standards for purposes of the Civil Code. The BGH ordered Harlos and Haefele to repurchase the Infomatec shares from the plaintiff… …misleading information to the market. The judgment was viewed as part of a general effort to adjust German secu- rities laws to international standards…

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• eBook-Kapitel aus dem Buch Accounting Fraud

  Chapter 4: Conclusion and Outlook

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …strongly with our norms and values. The fraudulent accounting practices clearly violated expected standards of behaviour. The sight of top executives being… …probability, the malfeasance is detected. Other factors contributing to accounting fraud may include unrealistic performance standards that fail to take into… …conspiracy. Often, the one or two perpetrators don’t even realize that they are stepping over the line and might be violating accounting standards. 4. It… …and hiring and promotion standards. – A comprehensive fraud risk assessment helps senior management to under- stand their fraud risks, identify gaps…

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• eBook-Kapitel aus dem Buch Accounting Fraud

  A Practice Aid for Auditors: Fraud Interviews – An Inquiry Guide

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …practice aid designed to help the audit team to plan and tailor these fraud interviews as required by the international auditing standards. It in- cludes… …company’s business practices, business principles, ethical standards, codes of conduct or relevant legislation? (3.) Questions to ask the CFO – Do… …Act? Appendix: Practice Aids 301 (6.) Questions to ask the Head of Human Resources – How are ethical standards and codes of… …transactions in the company’s accounting records? – Do your co-workers and your supervisor demonstrate high ethical standards? Do you think the people you… …: Statement on Auditing Standards No. 99 (SAS 99): Consideration of Fraud in a Financial Statement Audit, October 2002 Buckhoff, Thomas A. / Hansen, James D…

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• eBook-Kapitel aus dem Buch Accounting Fraud

  Fraud Theories

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …control components � Inappropriate values or ethical standards of management � Strained relationship between management and auditor Incentive/ Pressure… …standards that allow an individual to knowingly and intentionally commit a dishonest act. Research shows that only about 20% of business executives are…
• eBook-Kapitel aus dem Buch Accounting Fraud

  Case 42: Nikko Cordial (Japan, 2007)

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …of just USD 4.2 million – a pittance by U.S. standards. And, although in monetary terms, the fraud was some eight times greater than, for…
• eBook-Kapitel aus dem Buch Accounting Fraud

  The Warning Signs of Fraud

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …entity’s values or ethical standards – Communication of inappropriate values or ethical standards – Known history of violations of securities laws or… …present in a specific set- ting, auditors should be even more vigilant. References: AICPA: Statement on Auditing Standards No. 99 (SAS 99)…
• eBook-Kapitel aus dem Buch Accounting Fraud

  Case 44: Satyam Computer Services (India, 2009)

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …world. The ICAI was in the process of introducing the supposedly superior Inter- national Financial Reporting Standards (IFRS) in India. Satyam was one of… …their standards of corporate respon- sibility and reassess their CSR approach. The managing director of a public rela- tions firm warned: “If Indian… …Standards: Loose Governance Facilitated Fraud, The Washington Post, January 10, 2009 Founders of Indian Company…

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