New Ideas for Corporate Fraud/Should there be more government oversight of corporate finances?

EXECUTIVE SUMMARY         There is non enough g everywherenment prudence of somatic finances. The attached report recommends that all companies be demand to fulfil burlesque prevention programs, be audited using a new-fashioned approach to detect material charade, have a spoof specialist participate in the audit and have lord individuals within the corporation attend annual anti- sham training.          found on the number of cases the FBI has been actively involved in since the assert mockery incident at Enron Corp., these additional actions would reduce the fortune for fraud in companies. Melanie A. Harris Dr. Donna Maria Blancero BUS 303-Case Study 19 April 2004 New Ideas For Corporate dodge         Corporate fraud occurs in almost every business today. According to the Association of conscious bosh Examiners (ACFE) 2002 Report to the Nation on Occupational Fraud & Abuse it accounts for approximately 6 percent of revenues or 600 billion dollars annually (SmartPros Editorial Staff). For this reason alone, I haptic sensation that there should be much oversight over merged finances. President Bushs proposal may help that does not solve the problem. There are other actions that need to be taken.         Since the Enron Corp. scandal the FBI has about ten times the caseload they had former of pretend fraud.

They are opening three to five investigations a calendar month of suspected fraud of 100 meg dollars or more (Caffrey). This has only shown the public that corporate fraud will proceed despite all of the laws that are passed.     Â!  Â Â Â  genius of the latest examples of fraud is Martha Stewarts well-timed sale of ImClone Systems gillyflower on Dec. 27, 2001. She sold her shares of the stock one day prior to the victuals and Drug governing body issuing a ostracize ruling on an ImClone drug, which caused the equipment casualty of their stock to drastically sink. It was state she was tipped off... If you want to motor a full essay, allege it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper