MC Qu. 41-25 The Insider Trading and Securities Fraud...The Insider Trading and Securities Fraud Enforcement Act of 1988 subjects more individuals to civil liability for insider trading andgrants the Securities and Exchange Commission (SEC) power to award.public) to insider-trading whistle-blowers.(government rewards for acts beneficial to theMultiple ChoiceOOin-kind transfersfinder's feesrecoupment certificatesbounty paymentsAPR27< PrevMuslimintv25 of 25 #ANext >MacBook AirAW2 Second create at least three different racoarah questions and/or haraveothacasX.Exitrlly.pacgLEditorDu

MC Qu. 41-25 The Insider Trading and Securities Fraud... The Insider Trading and Securities Fraud Enforcement Act of 1988 subjects more individuals to civil liability for insider trading and grants the Securities and Exchange Commission (SEC) power to award (government rewards for acts beneficial to the public) to insider-trading whistle-blowers. Multiple Choice in-kind transfers finder's fees recoupment certificates bounty payments"

MC Qu. 41-25 The Insider Trading and Securities Fraud... The Insider Trading and Securities Fraud Enforcement Act of 1988 subjects more individuals to civil liability for insider trading and grants the Securities and Exchange Commission (SEC) power to award (government rewards for acts beneficial to the public) to insider-trading whistle-blowers. Multiple Choice in-kind transfers finder's fees recoupment certificates bounty payments"

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter10: Auditing Cash, Marketable Securities, And Complex Financial Instruments

Section: Chapter Questions

Problem 12CYBK

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Y6 ACCT 361:Ethical, Fraud, and Legal Issues for Accountants: Evaluate investor fraud through a case study on a Ponzi Scheme. Research Madoff Ponzi Scheme. Please only own words!!! At a minimum, the report should discuss the background of the case, what factors led to the fraud, what specific fraud occurred, what was the effect on investors and creditors, what was the effect on company employees, what was the effect on the individuals that perpetrated the fraud, what was the effect on the investment and regulatory markets, how was the audit firm associated with the company affected by the fraud, what could have been done to prevent the fraud, and how did this case affect your views/opinions. PLEASE ONLY OWN WORDS!!!
ed MC Qu. 41-18 Which of the following is not a responsibility... Which of the following is not a responsibility of the Securities and Exchange Commission? Multiple Choice O O O L It is responsible for the enforcement of securities laws. It interprets the securities acts and adopts rules to achieve the purposes of the acts. It is responsible for policing and enforcing the "fairness" doctrine. It regulates the activities of securities brokers, dealers, and advisers. APR 27 m Admit Second reate at least twee AR 66 W rave O pearch questions and/or bumothacac Note: The sull O X
Rule 10(b)-5 Liability under the Securities Exchange Act of 1934. Gordon & Groton(G&G), CPAs, were auditors of Bank & Company, a brokerage firm and member of anational stock exchange. G&G examined and reported on the financial statements of Bank,which were filed with the Securities and Exchange Commission. Several of Bank’s customers were swindled by a fraudulent scheme perpetrated by Bank’spresident, who owned 90 percent of the voting stock of the company. The facts establish thatG&G failed to perform the audit with the appropriate level of professional care but neitherparticipated in the fraudulent scheme nor knew of its existence.The customers are suing G&G under the antifraud provisions of section 10(b) and Rule10b-5 of the Securities Exchange Act of 1934 for aiding and abetting the president’s fraudulent scheme. The customers’ suit for fraud is predicated exclusively on G&G’s failure toconduct a proper audit, thereby failing to discover the fraudulent…
od 0123 po dass bie Bluogely MINI-EXERCISES achroval, Ybolin0391 31 25onsisd LO 5-1 hude chant desa y Torinos Lamotni s slavi M5-1 Matching Circumstances to the Fraud Triangle Match each of the following circumstances to the corresponding element of the fraud triangle by entering the appropriate letter in the space provided. 35r2 93m aleonoqu 1. Employee has significant personal debt. 2. One employee receives and deposits customer checks. 290 Grave 3. CFO feels she is underpaid relative to other financial officers. 4. Manager approval is not required for expense reports. connect o W S A. Incentive B. Opportunity C. Rationalization
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