All Matches
Solution Library
Expert Answer
Textbooks
Search Textbook questions, tutors and Books
Oops, something went wrong!
Change your search query and then try again
Toggle navigation
FREE Trial
S
Books
FREE
Tutors
Study Help
Expert Questions
Accounting
General Management
Mathematics
Finance
Organizational Behaviour
Law
Physics
Operating System
Management Leadership
Sociology
Programming
Marketing
Database
Computer Network
Economics
Textbooks Solutions
Accounting
Managerial Accounting
Management Leadership
Cost Accounting
Statistics
Business Law
Corporate Finance
Finance
Economics
Auditing
Ask a Question
Search
Search
Sign In
Register
study help
business
financial investigation and forensic accounting
Questions and Answers of
Financial Investigation And Forensic Accounting
Locate Statistical Evidence in Litigation on the Internet. List some court cases on "Economic Damages in Anti-Trust and Price-Fixing."
What is a 30(b)(6) deposition of the custodian of records?
Locate on the internet and read the Louisiana State Bar Association consumer brochure on "Preparing to be a Witness, Including Deposition and Trial Testimony."
Go to the National Clearing House for Science, Technology and the Law (ncstl.org) and look through its General Information Resources.
Find the Internet site of the National Association of Forensic Economics. Read the NAFE Ethics statement and answer these questions.a. When should a practitioner decline involvement in a dispute?b.
Using the Internet, determine why these expert witnesses got into trouble themselves.a. Sandra Anderson (dog handler)b. James Bolding, Criminalist IVc. Ira S. Dubey, Deputy Director, Suffolk County
Locate Emanuel M. Sistrunk v. Nicholas Armenakis, No. 99-36000 (CA-9, 2001).a. What did the court say about Dr. Jan Bays?b. What is the Schlup gateway?
Locate Long Term Capital Holdings, 330 F. Supp. 2d 122 (D. Conn. 2004), and answer these questions.a. The name Scholes is cited often in this case. Who is he?b. How large of a special partnership
Is punishment for financial crimes too harsh now when compared to violent crimes?
Locate the resume of your instructor on the Internet or obtain a copy from him or her. Prepare a list of sample deposition questions to ask your professor to show the professor as an expert.
Using the Internet and other sources, develop a dispute that could be used as a mock trial.
What is the difference between direct and indirect methods of income verification?
Under what circumstances may an IRS agent use indirect methods?
Which of the following is not a major indirect method?a. Net worthb. Cash Tc. Balance sheet evaluationd. Source and application of funds
What are some lifestyle changes that may indicate fraud and unreported income?
Describe the cash \(\mathrm{T}\) method.
What is a cash hoard?
What is the theory behind the cash T?
Describe the source and application of funds method. When is this technique appropriate to use?
Describe the net worth method.
Suppose under the net worth method a person's net worth increase (as adjusted) exceeds the reported income. What may be inferred?
What statement is false with respect to the net worth method?a. The focus of the net worth method is on the year-end bank balances as well as other assets and liabilities.b. The bank deposit
What is the focus of the bank deposit method? When is this technique appropriate?
Given the following facts about Sammie Bright, calculate his preliminary understatement using the cash \(\mathrm{T}\) method. Schedule C expenses Personal living expenses Schedule C receipts $102,000
In question 13, do you have enough information to determine that Sammie has understated income? If not, what else is needed?Question 13Given the following facts about Sammie Bright, calculate his
When a taxpayer is being questioned by an IRS agent, is it advantageous when asked to estimate living expenses to estimate on the high side or low side when exact figures are unavailable? Why?
If any IRS auditor is assigned a tax return for audit that has a Schedule \(C\) for a tavern, where could the agent locate information to provide assistance in the audit?
Search for discussions of Leona Helmsley on the Internet. Describe her tax problems. What is her famous comment about taxes?
Look on the Internet for some professional sports players who have failed to report some of their income from the sale of memorabilia (e.g., Pete Rose). How were these failures discovered?
Find websites that list estimates of total unreported taxable income in the United States as well as other countries. In which countries is the problem most severe?
Check the IRS website to view Audit Technique Guides. Report on one of the professions.
How did an accountant figure in bringing \(\mathrm{Al}\) Capone to justice? In what other ways may forensic accountants fight organized crime?
How are minimum income probes used by forensic accountants?
What are economic reality audits? Can forensic accountants investigate the lifestyles of fraudsters?
What indirect methods of reconstructing income are especially helpful when the disclosed income level of a divorcing spouse is suspected of being artificially low?
Compare the lifestyle of CIA mole Aldrich \(\mathrm{H}\). Ames and FBI mole Robert Hanssen. Compare with Al Capone also.
You are investigating possible hidden income in a divorce dispute involving an automobile repair shop with five bays. There are five mechanics, charging approximately \(\$ 60\) per hour for 7 hours
Go to the IRS's ATG for Gas Retailers and determine some initial interview questions to help a forensic accountant to accurately estimate the income from a service station.
Go to the IRS's ATG and obtain the definitions of these terms:- Assemblage [Construction industry]- Flooring Statement [Auto dealership]- Full IRS restaurant [Bars and restaurants]- The "Z" key [Bars
Go to the IRS's Bars and Restaurants ATG and review the 101 ways to steal from a restaurant. The IRS advises agents to focus on what three items? What is a point-of-sales system?
Using the ATG "Bars and Restaurants" guide, develop a checklist of items to observe while doing a walkthrough of a restaurant.
You are reviewing the books and records of a local restaurant trying to determine the reliability of the reported income. What are some appropriate audit procedures using the books and records?
Locate Big H. Ng, 73 TCM 2900, Dec. 52,067(M), TC Memo. 1997-248. What indirect method was used here by the IRS? Summarize the decision.
You determine the following information about a local bar:Determine the pouring cost percent. Determine gross receipts and gross profit. What are other variables to consider? Cost per liquor quart
Locate M. Cebollero, 60 TCM 1379, Dec. 47,018(M), TC Memo. 1990-618, aff'd CA-4, 92-2 uSTC \$150,327, 967 F2d 986. What indirect method was used here by the IRS? Summarize the decision.
Locate A.J. McQuatters, 32 TCM 1122, Dec. 32,197(M), TC Memo. 1973-240. What is the McQuatters formula?
While investigating a gas retailer, you compute the following ratios:What are some tentative conclusions? You may wish to refer to the IRS's ATG on Gas Retailers. COGS Gross profit All other expenses
While investigating a gas retailer, you notice some invoices for naphtha and alcohol. What should you do?
Using Internet resources, develop the revenue flow (walkthrough) for the slot operations of a casino.
Explain proactive auditing. Compare with reactive auditing. Give specific techniques.
You prepare a Cash \(T\) of an automobile dealer, as follows:Do you have any thoughts and what questions would you ask? CASH IN Gross receipt CASH OUT $5,000,000 Cost of Goods Sold $4,900,000 Sch. C
You prepare a comparative analysis of an automobile dealership. What questions should you ask 2004 2005 2006 Gross Receipt $3,000,000 $4,000,000 $5,000,000 Cost of Sales $2,800,000 $3,850,000
All income statement accounts are run through the balance sheet, but not all balance sheet accounts are run through the income statement. Analyze this statement. Give an example of a balance sheet
Refer to the IRS's ATG "Auto Dealership," and answer these questions.a. What is the difference between LIFO and non-LIFO inventory values called? What does it represent?b. What is a simple way to
While investigating an auto dealership you calculate the following [refer to the IRS's ATG on Auto Dealerships]:a. What entry should the dealer make initially and when the holdback is received?b.
Refer to the IRS's ATG on Auto Dealership.Suppose a dealer sells a car to a customer for the following:The dealer sells the note to a finance company who agrees to pay the dealer a 20 percent
What are some ways that a forensic accountant gathers evidence?
What are the requirements for a valid contract?
Why is it difficult to prove procurement fraud?
List some procurement fraud schemes. Which scheme is more common?
Describe the normal bribe/kickback scheme. What would be a sophisticated procurement fraud scheme? Why is cash a poor "something of value?"
What was the purpose for the passage of the Foreign Corrupt Practices Act of \(1977 ?\)
According to Wolfgang Schaupensteiner, what has been the motor for corruption in Germany
List some red flags of bribery and kickbacks.
List some red flags of phantom vendors.
What are some ideas to help prevent procurement fraud through phantom vendors?
How can a forensic accountant find and prove procurement fraud?
What is meant by:a. Duty to cooperateb. Audit rights
Which would be the best source for a forensic accountant to gather information and learn about a new industry?a. RIA Federal Tax Articlesb. Audit Technique Guidelinesc. Daubert Trackerd.
Which would not be a procurement fraud scheme?a. Bid riggingb. Phantom vendorsc. Cost mischargingd. Bill-and-holde. Split purchases
What famous U.S. Congressman resigned from Congress in 2005 after pleading guilty to taking \(\$ 2.4\) million in bribes?a. Armstrong Williamsb. William Jeffersonc. Vernon Jacksond. Peter Hartze.
What would probably not be helpful in trying to find and prosecute someone for accepting bribes and kickbacks?a. Audit right clauseb. Chain-of-custodyc. Duty to cooperated. Foreign Corrupt Practices
It is the usual accountant's story...a friend of yours (John Dough) has purchased a small business and knows that you are proficient at analyzing financial information. He has asked you to help him
The following is a list of alleged facts concerning Jeffrey K. Skilling.Your assignment is to verify whether the statements by Mr. Skilling are true. All of these questions have an absolute
Using the same instructions for problem 63, determine the accuracy of these facts about Frank Abagnale.a. I was born on June 27, 1948.b. I impersonated an airline pilot and attorney.c. I cashed
A major part of forensic accounting, auditing, or life is gathering evidence. Go out into the real world and start a conversation with a stranger (e.g., on a plane, at a store, party, library, etc.).
Obtain a copy of the first series of Fox's "Lie to Me." Watch several episodes and summarize some of the tips for catching lies.
Assume that you work for Able, Bold, and Cowing as an auditor, and you are auditing Texas Pizza, a chain located in and around Brownsville, Texas. Explain how important you think it is to account for
Explain the statement: Banks are part of the solution and part of the problem when it comes to money laundering.
What does it mean if a bank is described as a "virtual" bank?
A large cash donation has been made to Howard Tech University from a non-U.S. citizen whose son graduated from Howard Tech. Before accepting the donation, what 6 Minority Staff Report (February 5,
Name some techniques that can be used by money launderers to break the audit trail.
Discuss the conflict between the need for personal privacy and confidentiality in banking transactions and the need for the government to curtail money laundering activities.
Why is money laundering considered a serious criminal activity if it only involves the transfer of money from one location to another?
Go to the PayPal website and determine the requirements for setting up a PayPal account. Do you think PayPal could be useful to a money launderer?
Find an IP address that you use. Go to a traceroute service and trace the IP address. Print out all the information that is provided by the service. Bring the printed description to class with you.
Almost Over the Line? The accounting firm of Glofry and Tammar (G\&T) has been asked to arrange for a \(\$ 2\) million loan for Tang Enterprises by its client Ted Hoover at Hoover Company. Hoover
Over the Line? The Wang Consulting Group is headquartered in the United States with subsidiaries in Canada and the Cayman Islands. Proceeds from its Canadian subsidiary are sent directly into its
Leases. Betty Gosh runs ByGosh Realtors in Seattle, Washington. The company is a multi-million dollar agency, and the realty company has been in business for twenty years. Besides selling real
Correspondent Banking. Harold Macronic is a businessman in Zurich. He has three companies under his control. Select Gems (SJ) is a registered company in France run by his cousin Thomas. SJ was
Please Donate to My Favorite Charity. UARB is a charity based in the United States. Its mission statement states that UARB's goal is "to help the poor, sick and oppressed people of the world reach
What's the Balance in My Credit Card Account? Cavos Metdolas is a money laundering organization for a drug cartel in Wisconsin and Illinois. A money laundering method that Cavos Metdolas has been
International Inc. In the western provinces of Canada, the Mock-Lee drug ring owns a series of Dollar Stores in 10 mediumsized towns. It uses these stores to launder the money it collects from drug
Internet Exercise: Using Internet Explorer, visit at least two websites and then go to the following website http://network-tools.com to determine the information that can be collected about your web
Sell It to Me: Oakland Mortgage, Inc. has received funding from the BCCI Bank in Washington, D.C. for a housing development in Maryland's Eastern Shore. When completely finished, the condominium
How Big a Bag Do I Need? On November 8,2008 , within a 30 -minute period, dozens of criminal "cashers" in the United States, Hong Kong, and Russia withdrew \$9M from approximately 130 ATMs at
Mr. Thomas Oversight is the external auditor for I\&J Manufacturing. I\&J is a small manufacturer of metal trailers, horse trailers, and other tow-behind rigs. In the economic downturn, I\&J has been
What change in auditing may have caused Enron, WorldCom, Xerox, and the other fraudulent situations?
What two fieldwork stages gather audit evidence?
Define these terms:a. Materialityb. Control riskc. Inherent riskd. Detection risk
Showing 300 - 400
of 1257
1
2
3
4
5
6
7
8
9
10
11
12
13