Case Study Examination And Ethical Questions - 1646 Words

Case Study Examination and Ethical Questions Fraud in financial statements is one of the most common types of financial fraud committed by organizations. Tactics are utilized to inflate or deflate revenues and expenses to arrive at the desired financial position of executives of the business. Fraud, however, is not something derived from years of experience. As is the case of ZZZZ Best, the perpetrator of fraud in the case of this organization was its 15-year old owner, Barry Minkow. Case Study: ZZZZ Best Mr. Minkow started his carpet cleaning business at a young age of 15 years. He held aspirations of becoming a millionaire. Such aspirations led to Mr. Minkow masterminding a level of corporate fraud that propelled him to being labeled a ‘wonder boy’ on Wall Street and the lavish lifestyle he craved (Mintz Morris, 2014). Mr. Minkow was so successful in concealing his fraud, auditors failed to detect them when reviewing financial statements. That is until one individual, a former customer, unraveled his years of deception. The ZZZZ Best case was such that management set out to conceal the fraud from the Securities and Exchange Commission, their clients and investors, and the auditors engaged to conduct the audits of their public financial statements. The foremost question is, should said auditors be held accountable for their failures in cases where management goes to excessive lengths to purposely conceal such fraudulent activities from the auditors. TheShow MoreRelatedEthics And Its Impact On The Modern World964 Words   |  4 Pagesincreases the necessity for forms of leadership can be described as ‘ethical’ (Ciulla, 2004). Indeed, this is because of the fact that there has been an increase in the aspects of immorality in different areas of leadership, which leaders are supposed to consider in decision making processes (Alahmad, 2010). However, there are still issues in this perspective, especially in regards to the enhanced understanding of the concept of ethical leadership. Innatel y, the lack of proper comprehension of the ideaRead MoreAn Examination of Whether Assisted Suicide Should Be Legalized1248 Words   |  5 Pagesï » ¿Examination of Whether Assisted Suicide Should Be Legalized Introduction The focus of this study is the examination of whether assisted suicide should be legalized. The debate is a heated one and one that has been ongoing for many years. Passionate and rational statements exist to support each side of this debate. This study examines each side to this issue and attempts to disseminate the most important factors of the debate over legalized assisted suicide for individuals who are hopelessly andRead MoreWhat Are The Types Of Research Philosophies?1115 Words   |  5 Pagesmethods of answering research questions. 3.1 Research philosophy Whenever providing a research methodology, it is important to determine the exact philosophy that will be used in the research. There are two main types of research philosophies. These are analytical or descriptive philosophies. An analytical research philosophy is a type of research where the investigator is able to critically evaluate the variables and influence them to determine his research questions. The alternative is a descriptiveRead MoreWhy Are Ethics Important In The Accounting Profession Essay1396 Words   |  6 Pagesregistrants. Ethical and professional responsibility issues represent actual and increasing challenges for CPAs and the accounting profession due to the inclusion of ethics in the mandate and the consequences from ethics violations that may arise now and in the future. To define the relationship between Business Ethics and Accounting Ethics are as follows: Business Ethics has largely to do with the constraints placed on the pursuit of profit and Accounting Ethics has to do with an ethical ideal inherentRead MoreThe Importance Of A Patient Newly Diagnosed With Iddm1502 Words   |  7 Pagesto comfort my patients the way that I am. This paper will present a case study that will involve a patient newly diagnosed with IDDM. Through out this paper, assessment questions, physical examination, ethical decisions as well as care plans will be discussed. Through out my paper, I will look to impart some of the personal experiences that I have gone through, in an effort to help further educate others. Case Study A 12 year old female and her mother present to the emergency departmentRead MoreWhy Are Ethics Important in the Accounting Profession? Essay1459 Words   |  6 Pagesregistrants. Ethical and professional responsibility issues represent actual and increasing challenges for CPAs and the accounting profession due to the inclusion of ethics in the mandate and the consequences from ethics violations that may arise now and in the future. To define the relationship between Business Ethics and Accounting Ethics are as follows: Business Ethics has largely to do with the constraints placed on the pursuit of profit and Accounting Ethics has to do with an ethical ideal inherentRead MoreDivision of Commerce: Information Management991 Words   |  4 Pages 4. Apply the concepts of various applications of computers in government, business and the society. 5. Design information management solutions to support government, business organizations and the society. 6. Reflect on the importance of the ethical use of information systems. 3. TEACHING AND LEARNING ACTIVITIES (TLAs) Teaching will be in the form of lectures and tutorials: |Lecture (hr/week): 2 |Tutorial (hr/week): 1 Read MoreElements Of The Legal Citation Lugenbuhl V. Dowling1392 Words   |  6 Pageselements of the legal citation Lugenbuhl v. Dowling (i.e.- plaintiff, defendant, court, location of case etc.) Our prescribed reading case is published in reporters, just as all other legal cases. In our reading, Lugenbuhl and Dowling are the parties in the case. The case can be found in volume 701 of the Southern Reporter, Second Series beginning on page 447. The Supreme Court of Louisiana decided this case, with an appeal rehearing denied November 21, 1997. Explain the meaning and importance of theRead MoreUtilitarianism : Racial Oversight Committees1284 Words   |  6 Pagesdemonstrations of racial discriminatory practices in medicine leads us to a conclusion racially based oversight committees should presided over patients whose care has been historically documented as ethically heinous acts of racial mistreatment. In cases like the Tuskegee experiment and Drapetomania will be significant in elucidating the necessity of racial oversight. It is imperative we understand that racial separation from white the masses for discriminatory practices is that have been displayedRead MoreA Brief Note On Forensic Criminology And Criminal Forensic Psychology1351 Words   |  6 Pagesinvestigative, correctional, and police forensic psychology. Professionals working under each of them have unique roles, educational qualifications, responsibilities, ethical challenges, and controversial issues to confront. Similarly, there are various studies and seminal cases that have shaped the sub-specialties in different ways. In most cases, they reflect changes in the criminal justice system in terms of admissibility of expert evidence. The aim of this paper is to investigate each of these sub-specialties