Describe the names given to the crimes committed

Assignment Help Accounting Basics
Reference no: EM132610982

Question - Harry needed some extra money. In charge of purchasing for his company he did the following acts:

A1. He made a deal with a supplier that the salesman would give Harry directly 10% for all the purchases Harry ordered from the salesman's company.

A2. He knew that his secretary was committing a fraud by over-stating her travel expenses that the company paid her back for so Harry told her to pay him $100 per month for him not to reveal what he knew.

A3. Harry created fake company that he pretended sold product to the company and he made orders from this fake company which he then had his company pay. The money went to an account the Harry controlled.

For each number above,

Q1 - Describe the names given to the crimes committed.

Q2 - Other than through whistleblowing, how might these frauds have been detected?

Q3 - Which frauds could have been prevented and for those describe what that would have been the method of prevention and for those that most likely could not have been prevented, why?

Reference no: EM132610982

Questions Cloud

Business strategy to drive organizational strategy : Why is it important for business strategy to drive organizational strategy and IS strategy? What might happen if the business strategy was not the driver?
What do we call the employees that Connie was paying : Describe - What type of fraud is this known as? What do we call the employees that Connie was paying to accounts she controlled
Many industries across manufacturing and services : Data mining is used throughout the many industries across manufacturing and services.
Advocating for legislation to reduce health disparities : Ongoing development of and support for state-level legislation to eliminate racial and ethnic health disparities, achieve health equity,
Describe the names given to the crimes committed : Describe the names given to the crimes committed. Other than through whistleblowing, how might these frauds have been detected
How much goodwill should Parma recognize : If there is a greater than 50 percent chance that the subsidiary will be able to utilize the NOL carryforward, how much goodwill should Parma recognize
Assessing program implementation in public health program : Describe the importance of assessing program implementation in a public health program.
What is the subsidiary income recognized by uncle : Assume that Uncle applies the equity method to account for this investment in Nephew. What is the subsidiary's income recognized by Uncle in 2018
Describes in detail public health problem : Identifies and describes in detail a public health problem that is significant in your community.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd