The Case Of Fraud And Wrongdoings - 2029 Words

Abstract This paper will be taking a shallow dive into the specific case of fraud and wrongdoings by the auditors of Live Entertainment Corporation of Canada, Inc., also known as Livent. I use the word shallow because an in-depth study encompasses horizons beyond what can be written in this paper. Fraud is a very broad topic generally, and this paper seeks to touch on a few regions of this topic and the role auditors’ play. I will be taking a look into Livent Inc. and the fraudulent scandals that terminated the company’s reputation and I will be discussing the role of their auditors, Deloitte and Touche, during this period. In the course of this research paper, several significant questions will be raised and I will try my best to answer them with supporting reasons. Some questions I want to address are as follows: Were there red flags visible which should have alerted the auditors (roused their professional skepticism) that all was not well in the company? Were there audit procedures the auditors might have carried out that might have alerted the auditors? If Livent lied to Deloitte Touche, does that excuse the auditor of liability to the firm? Suing the Auditors, does this go against the norm of corporate law? Introduction The meaning of ‘fraud’ We must first understand the meaning of ‘fraud’ and some motivations behind the commissions of such acts. I want to first start by defining fraud to get a deeper understanding of what this paper would be talking about.Show MoreRelatedThe Oversight And Authority Over Public Accounting Firms769 Words   |  4 Pagesrather than public interest since there is no law enforcing them. The routine inspection for public accounting firms and the threat of any wrongdoing publication will keep the firms to act at their best behavior. The inspection will catch their wrongful doings before it is too late to recover. The individual auditors will reconsider before they commit any frauds as they might not want to face fines or CPA licenses revocation. Title II focuses on eliminating conflict of interest between the audit firmsRead MoreThe Technological Revolution Has Changed The Access Of Citizens Within A Democracy1728 Words   |  7 Pagesan important role to play in combating wrongdoing (Mbatha 2005). The origins of the term whistleblower are unclear. Miceli and Near wrote of an analogy between whistleblowers and â€Å"an official on a playing field, such as a referee, who can blow the whistle to stop action† (1992 p. 15). Throughout history there have been many instances of whistleblowing. During the American Civil War, individual citizens were actively encouraged by government to expose fraud in businesses that held wartime contractsRead MoreWhistleblowing Essay1298 Words   |  6 Pagesany kind of information or activity that is deemed illegal, dishonest, or not correct within an organization that is either private or public. The information of alleged wrongdoing can be classified in many ways: violation of company policy/rules, law, regulation, or threat to public interest/national security, as well as fraud, and corruption. Those that become whistleblowers can choose to bring information or allegations to surface either internally or externally. Internally, a whistleblower canRead MoreWhite Collar Crime Is A Serious Issue Essay1124 Words   |  5 PagesStates. White-collar crime is â€Å"a crime committed by a person of respectability and high social status in the course of his occupation† (cornell.edu). Examples of such offenses include bribery, credit card fraud, insurance fraud, bank fraud, blackmail, extortion, forgery, securities fraud, tax evasion, embezzlement, repair scams, Ponzi and pyramid schemes. These non-violent crimes are responsible for an estimated $250 billion to $1 trillion in economic damages each year (Martinez). IndividualsRead MoreMontana Wrongful Discharge768 Words   |  4 Pagesmay also seek punitive damages. Identify the parts of this law that appear to benefit employers. ⠝â€" Employee can be discharged for good cause and as long as the employer can prove that employee was let go of good cause, employer will win the case. ⠝â€" Employer can let go of an employee for insufficient work performance although employee may have received bad training from employer.   The state laws protecting whistleblowers vary enormously, but none of them protect whistleblowers who turnRead MoreShould Whistleblowers Be Protected1593 Words   |  7 Pagesprotect reporting illegal activities is significantly high. Employees who work in public or private organizations are the first to identify wrongdoings in a workplace since they have up-to-date information. Whistleblowing can be an essential tool to identify and report these actions in the public, private and non-profit sectors. However, by revealing wrongdoings, whistleblowers often take high personal risks. Lacking strong legal protection might increase the change of facing dismissal, harassmentRead MoreThe Ethics Of Whistle Blowing Essay1486 Words   |  6 Pagesbe made. Either present documentation or turn the blind eye and not acknowledge the situation. Such information can be classified as a violation of company policy, rules, and regulations or a threat to public interest, national security, as well as fraud and corruption. Those that choose to become whistle-blowers can disclose their information either internal or external. Internal, whistle-blower, is an individual that can bring information or accusations to the attention of other people within theRead MoreTheu.s. The United States1122 Words   |  5 Pages There are generally two views people have concerning whistleblowers: They are either considered snitches (performing acts of espionage) or they are considered martyrs (acting as a type of vigilante informing the public of wrongdoing). There have been many controversial cases in the past decade over informants such as Edward Snowden (exposing NSA data collection of citizens), Bradley Manning (responsible for leaking Iraqi military secrets), and Thomas Drake (NSA personnel leaking counterterrorismRead MoreFederal Bureau Of Investigation ( Fbi ) Essay903 Words   |  4 Pagesauthorization offices. The FBI has separated its examinations concerning various projects, for example, residential and worldwide fear mongering, outside counterintelligence, digital crimes, open debasement, social liberties, s orted out wrongdoing/drugs, clerical wrongdoing, vicious violations and significant guilty parties, and candidate matters. The FBI s investigative rationality underscores close relations and data imparting to other government, state, neighborhood, and global law enforcement andRead MoreThe Convergex Group 2013 Deferred Prosecution Agreement1247 Words   |  5 PagesCase Study of the ConvergEx Group 2013 Deferred Prosecution Agreement (DPA) In December 2011, ConvergEx Group publicly disclosed parallel investigations by the United States Securities and Exchange Commission and the United States Department of Justice. Between 2006 and 2011, two former employees of ConvergEx Group had concealed the â€Å"routing of certain global trading and transition management customer orders to the former Bermuda trading desk of ConvergEx Global Markets (â€Å"GCM†) where they were net

Literary Analysis Of The Masque Of The Red Death

Literary Analysis Paper Jameson Sexton Hour 7 Don’t attempt to change your fate, I’m warning you. â€Å"The Masque of the Red Death† and â€Å"The Monkey’s Paw† are examples of why not to mess with your fate. In both stories, the characters attempted changing their fate and ends in a very bad outcome. The characters, both learned that if you try changing your fate there is going be a horrific consequence. There is a terrible sickness spreading throughout their town. â€Å"No pestilence had ever been so fatal, or so hideous.† (Poe 78 ) In the story â€Å"The Masque of the Red Death† fear is the main theme. Prince Prospero invites a thousand of his friends to his castle. There are seven different colored rooms in the castle. The guests fill all the different†¦show more content†¦Mr. White quick off his feet rescues it. Sergeant Morris demands he leaves the paw alone multiple times. Mr. White does not listen to Sergeant Morris. After, Sergeant Morris explains how to make a w ish but highly discourages it. Sergeant Morris leaves and tells him the person before him who had this paw was that his last wish was for death. After Sergeant Morris leaves Herbert, Mr. Whites son, says he is full of nonsense. Herbert says a thousand dollars would be nice in order to pay off the house. So, Mr. White makes the wish for a thousand dollars. Nothing happens for a while. Herbert leaves that night to go work in the factory and says he should be home for breakfast. The next morning Mr. and Ms. White notice Herbert is 20 minutes late. They keep looking out the window for him, but then they spot a woman in nice clothes walking around outside. Later she finally approached the house. She tells Mr. and Ms. White that their son died last night in the factory. Regret is seen vividly when Mr. and Ms. White receives this news. She hands them a suitcase with a thousand dollars in it and says this is for your lose. Mr. and Ms. White griefs until Ms. White comes up with a great idea. Mr. White runs and grabs the paw and wishes for their Hebert back. They look at the window and sees something arise from the graveyard. Ms. White is unable to open the door in time. Mr. White runs painfully and grabs the paw and wishes for his son to be dead in peace. This story was veryShow MoreRelatedLiterary Analysis Of Edgar Allan Poe s The Masque Of The Red Death1409 Words   |  6 PagesA Literary Analysis of Edgar Allan Poe’s â€Å"The Masque of the Red Death† Edgar Allan Poe is popularly known as a Gothic short story writer. He has produced many gruesome stories, including the short story â€Å"The Masque of the Red Death†. In this short tale, Prince Prospero decides to lock himself and his friends of the court into a magnificently decorated abbey to escape becoming ill of a disease which has caused half the people in his land to perish. The Prince provides indulgences and throws partiesRead MoreEssay on Literary Analysis Of The Red D579 Words   |  3 Pages Literary Analysis of â€Å"The Masque of the Red Death† In the story, The Masque of the Red Death by Edgar Allan Poe, the author tries to create a specific atmosphere to emphasize the action within the story. The setting of the story immensely helps to create this atmosphere. Poe’s descriptive setting aids in creating the atmosphere of the story by developing mood, evoking feelings from the reader, and creating a false sense of security. nbsp;nbsp;nbsp;nbsp;nbsp;The setting of The Masque, whichRead MoreThe Masque Of The Red Death1679 Words   |  7 Pages Power in â€Å"The Masque of the Red Death† â€Å"Frail humanity can never escape the ravages of time†. Humans are born and will eventually die; it’s the cycle of life. No one can prevent death, but it does not stop people from trying to prolong life. Fate is inevitably predetermined; death is our predetermined fate. In the allegory â€Å"The Masque of the Red Death†, written by Edgar Allan Poe in 1842, Poe teaches that death is predestined and that you cannot avoid fate. Poe focuses in on an unusual characterRead MoreMy Psychoanalytic Views of Two Short Stories1454 Words   |  6 Pagessituations they actually make perfect sense. Psychoanalytic Literary Criticism refers to literary criticism or literary theory which, in method, concept, or form, is influenced by the tradition of psychoanalysis begun by Sigmund Freud. Psychoanalytic literary criticism is a very common method of analyzing stories such as The White Heron by Sarah Orne Jewett, Young Goodman Brown by Nathaniel Hawthorne and The Masque of the Red Death by Edgar Allen Poe. Sylvia, a shy girl, who is rather naiveRead MoreThe Masque Of The Red Death By Edgar Allan Poe And Shirley Jackson1219 Words   |  5 Pages the author utilizes a certain depth in the piece, where their vernacular elicits emotions. The short stories written by Edgar Allan Poe and Shirley Jackson, â€Å"The Masque of the Red Death† and â€Å"The Summer People†, produce an unexpected ending. The key to creating feelings of tension and suspense lies within their command of literary elements. Each of these aspects contribute toward the bigger picture – engaging the reader, through emotions, into the short story. Although the use of these elementsRead MoreFall of the House of Usher Literary Analysis Essay1325 Words   |  6 PagesLiterary Analysis As with many of Edgar Allan Poes pieces, The Fall of the House of Usher falls within the definition of American Gothic Literature. According to Prentice Hall Literature, American Gothic Literature is characterized by a bleak or remote setting, macabre or violent incidents, characters being in psychological or physical torment, or a supernatural or otherworldly involvement (311). A story containing these attributes can result in a very frightening or morbid read. In all probabilityRead More An Analysis of Edgar Allan Poes Psychological Thriller Essay3707 Words   |  15 PagesAn Analysis of Edgar Allan Poes Psychological Thriller Outline I. Prelude II. Brief introduction to Adgar Allan Poe 1. 1. Allan Poes Life 2. 2. Allan Poes Works and Literary Achievement III. Adgar Allan Poe -- A Post-Gothic Writer 1. 1. Gothic Introduction 2. 2. Analysis of Two Horror 1) 1) The Fall of the House of Usher a) a) Setting b) b) Characters c) c) Point of View 2) 2) The Masque of the Red Death a) a) Setting b) b) Characters Read MoreThe Masque Of The Red Death By Edgar Allan Poe2034 Words   |  9 Pagesatmosphere exudes a dream-like quality, which calls into question if the events are simply a product of one’s imagination. This situation is comparable to that of â€Å"The Masque of the Red Death† by Edgar Allan Poe. Originally published in 1842, this narrative tells the story of a wealthy noble, Prince Prospero. An extremely deadly plague, the Red Death, has devastated the land, and Prince Prospero invited a group of a thousand friends to one of his abbeys to hide away from the disease. Everything about the partyRead More Juxtaposing the Most Similar Contradiction in Edgar Allan Poes Work2077 Words   |  9 PagesThroughout all of Edgar Allan Poes works are common ideas that oppose each such as madness versus sanity, reality versus the imagined reality and life versus death. Usually these sentiments are taken as contrasting ideas with little similarities to each oth er, like black and white. However, many of these motifs are situated in the grey category. Poe uses the communal thought pathway to highlight its antithesis; the pathway of grey. With the new pathway, he emphasizes the similarities of the opposingRead More The Understated Narrator of The Masque of the Red Death Essay2052 Words   |  9 PagesThe Understated Narrator of The Masque of the Red Death      Ã‚  Ã‚   While the narrator of Edgar Allan Poes The Masque of the Red Death never appears in a scene, he is always on the scene. He reveals himself overtly only three times, and even then only as one who tells:    But first let me tell of the rooms in which [the masquerade] was held. (485)    And the music ceased, as I have told . . . (488)    In an assembly of phantasms such as I have painted . . .

When The World Stands Out, Aspire To Be Outstanding Free Essays

We are all different. We view things from different perspectives. What one person acknowledges as the truth may not be accepted by others. We will write a custom essay sample on When The World Stands Out, Aspire To Be Outstanding or any similar topic only for you Order Now There exists a plethora of interpretations, which are rooted on the fact that people come from varying backgrounds – politically, socially and culturally. These differences allows people to be unique in there own ways. The world is divided, geologically speaking. As such, people grew up in societies that have dissimilar and often conflicting views on a number of things. I was born in Bangkok. The place that I first called my home is a bustling city. Being the capital of Thailand, most efforts in relation to economic development are concentrated there. It dominates the country’s economy. Unfortunately, the continued development of Bangkok results to the neglect of other urban centers. This makes the disparity in wealth distribution more intense. Despite the developed faà §ade of the city, the truth that there is inequality still lingers. Growing up in a country like Thailand, where people from neighboring countries come to work, I have learned to accept the fact that the things I believe in is not always the same as the things that the people around me agree to. Confrontation is not always the best solution. If I keep on asserting my own views upon others, I know that we won’t come to an agreement. It is best to base my judgment on respect and not animosity. It is in this line of thinking that I gained the courage to speak out, even though, I know that others won’t agree with me. Deep inside I am hoping that they would respect my opinion regardless of my political, social and cultural viewpoints since I do the same to them. The other reason why I choose to go against the grain, sometimes, is due to the fact that I would like to create a better future for myself, my family and my community. I have seen both the glittering and rusty covered side of life when I was in Bangkok. I know that I can do better if I work hard and believe in own capabilities. I also know that I can a difference in the world in the same way that the world affects me. When the odds are against me, I try to remember that I am more fortunate than others because I am able to exercise some of my rights especially my right to education. I am thankful for what I have now that is why I work hard to show how much I appreciate them. Once again, I can say that I draw my strength from my family and community. How to cite When The World Stands Out, Aspire To Be Outstanding, Papers

Three Principles Describe How Economy as a Whole Works free essay sample

Prices rise when the government prints too much money because more money in circulation reduces the value of money, causing inflation. Society faces a short-run trade-off between inflation and unemployment that is only temporary. Policymakers have some short-term ability to exploit this relationship using various policy instruments. Quantity of Clothing Produced the frontier), point B is an inefficient point (inside the frontier), and point C is an infeasible point (outside the frontier). Microeconomics is the study of how households and firms make decisions and how they interact in markets. Macroeconomics is the study of economy-wide phenomena, including inflation, unemployment, and economic growth. 2. An example of a positive statement is â€Å"a higher price of coffee causes me to buy more tea. † It is a positive statement because it is a claim that describes the world as it is. An example of a normative statement is â€Å"the government should restrain coffee prices. † It is a normative statement because it is a claim that prescribes how the world should be. We will write a custom essay sample on Three Principles Describe How Economy as a Whole Works or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Many other examples are possible. Parts of the government that regularly rely on advice from economists are the Department of the Treasury in designing tax policy, the Department of Labor in analyzing data on the employment situation, the Department of Justice in enforcing the nation’s antitrust laws, the Congressional Budget Office in evaluating policy proposals, and the Federal Reserve in analyzing economic developments. Many other answers are possible. 3. Economic advisers to the president might disagree about a question of policy because of differences in scientific judgments or differences in alues. C A B Quantity of Food Produced Figure 1 The effects of a drought are shown in Figure 2. The drought reduces the amount of food that can be produced, shifting the production possibilities frontier inward. Quantity of Clothing Produced Chapter 2 1. Economics is like a science because economists devise theories, collect data, and analyze the data in an attempt to verify or refute their theories. In other words, economics is based on the scientific method. Figure 1 shows the production possibilities frontier for a society that produces food and clothing. Point A is an efficient point shows Robinson Crusoe’s production possibilities frontier   for gathering coconuts and catching fish. If Crusoe lives by himself, this frontier limits his consumption of coconuts and fish, but if he can trade with natives on the island, he will possibly be able to consume at a point outside his production possibilities frontier. Fish Caught group of sellers (who determine supply) of a particular good or service.