Suchergebnisse

• eBook-Kapitel aus dem Buch Accounting Fraud

  Case 35: Parmalat (Italy, 2003)

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …. corporate scandals. It shifted the spotlight to Italy, land of the Mafia and clownishly corrupt politicians. The case raised issues about risk in Italy, and… …, Francesca / Tapies, Josep: Milking Money out of Parmalat, IESE Publishing, Barcelona 2005, www.caseplace.org Trueman, Mary: Parmalat – Risk…
• eBook-Kapitel aus dem Buch Accounting Fraud

  Case 42: Nikko Cordial (Japan, 2007)

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …accounting practices or risk exposure and embarrassment. Among other things, Nikko Cordial failed to include in consolidated accounting the results of NPI…
• eBook-Kapitel aus dem Buch Accounting Fraud

  Case 44: Satyam Computer Services (India, 2009)

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …India in the future. Besides, the risk premium for Indian companies would rise in investors’ eyes. “There is no doubt that this is a heavy blow to India…
• eBook-Kapitel aus dem Buch Accounting Fraud

  Fraud Theories

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …effective risk management policies) is decisive for any fraud prevention program. Moreover, opportunity often represents the only element an organization… …stressful. There is the constant need to conceal the fraud, and there is always the risk of detection. In that context, a final common… …personality type among fraudsters is the “risk lover” (or “risk seeker”), who likes to engage in risky behaviour and has a much stronger risk appetite than a…

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• eBook-Kapitel aus dem Buch Accounting Fraud

  Chapter 4: Conclusion and Outlook

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …responsibility of companies to enhance their anti-fraud efforts. Thus, managing fraud risk has become a business imperative today. However, there are clear… …guidelines for “best practice” in fraud risk management. For a summary of basic anti-fraud strategies, see Exhibit 9 (the definitions are extracted from… …environment where the risk of fraud is minimal and opportunity is eliminated Fraud Remediation: Recovery of losses through insurance or the legal… …, all of these strategies are interrelated. Nevertheless, prevention clearly is the first line of defence in minimizing fraud risk. Strong preventive… …and hiring and promotion standards. – A comprehensive fraud risk assessment helps senior management to under- stand their fraud risks, identify gaps… …in their preventive controls, and develop a plan for eliminating these control weaknesses. The fraud risk assessment process should be performed on a… …misconduct. The regular delivery of fraud awareness trainings is vital for maintaining a quality compliance organiz- ation. – Based on the fraud risk… …cannot assure that fraud will not be committed. Nevertheless, companies can certainly take steps to mitigate the risk of fraud. There is a wide variety… …Fraud Examiners: Managing the Business Risk of Fraud: A Practical Guide, www.acfe.com/documents, November 2007 Ball, Ray: Market… …Exit Plan?), www.theconglomerate.org, January 2010 KPMG: Fraud Risk Management: Developing a Strategy for Prevention, Detection, and Response…

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• eBook-Kapitel aus dem Buch Accounting Fraud

  A Practice Aid for Auditors: Fraud Interviews – An Inquiry Guide

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …– As you are probably aware, CPAs today are required to assess the risk of fraud in the audit of every company, not just yours. Therefore, we need to… …and controls? What have you found as a result of the programs and controls? – What is your assessment of the risk that the financial statements may… …report to? – Has management reported to the audit committee on the process for identify- ing and responding to the risk of fraud? Has management reported… …risk of fraud may be likely to exist? – How does the audit committee exercise oversight of the management’s process for identifying and responding… …procedures has internal audit performed to detect fraud? What specific procedures has internal audit performed to address the risk of management override of…

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  Global Management Challenges for Internal Auditors

  ECIIA Yearbook of Internal Audit 2010/11
  

  978-3-503-12977-5

  European Confederation of Institutes of Internal Auditing (ECIIA), Neil Baker, Philipp Friebe, Adrián Garrido, u.a.

  …Framework, Corporate Governance & Risk Management, Internal Audit Practices and the future of Internal Auditing. An excellent overview about recent…
• eBook-Kapitel aus dem Buch Global Management Challenges for Internal Auditors

  International Professional Practices Framework – Overview of the current guidance of the Institute of Internal Auditors

  T. Flemming Ruud, Philipp Friebe, Daniela Schmitz, Shqiponja Isufi

  …different legislative and regulatory initiatives aimed at improving the Governance, Risk Management and Internal Control of an organization. The PPF has… …systematic, disciplined approach to evaluate and improve the effectiveness of Risk Management, Control, and Governance processes. Figure 2: Definition of… …Governance, Risk Manage- ment and Internal Control. The Position Papers primarily explain the roles of Inter- nal Audit in relation to these processes. For… …example, the Position Paper "The Role of Internal Auditing in Enterprise-Wide Risk Management" describes the role of Internal Audit within the scope of… …Risk Management.11 Included in the IPPF, the previous existing Position Papers have gained in importance. The Practice Guides are detailed… …scope of the Internal Audit includes the systematic evaluation of the adequacy and the effectiveness of the Governance, Risk Management and Internal… …(previously Risk Man- agement). Standard 2120 relates to Risk Management (previously Internal Control), while Standard 2130 describes the tasks of Internal… …structures, and processes that ensure that the enterprise's information technology sustains and supports the organiza- tion's strategies and objectives. Risk… …Appetite The level of risk that an organization is willing to accept. Technology based Audit Techniques Any automated audit tool, such as generalized… …the strate- gies and objectives of the organization. According to Standard 2120.A2, when evaluating the Risk Management processes the Internal Audit…

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  Efficient Risk Management in Leasing Companies

  Prof. Dr. Fikret Hadžiæ, Amir Softiæ

  …27 Efficient Risk Management in Leasing Companies By Prof. Dr. Fikret Hadžić and Amir Softić19 1 Introduction After a decrease of 9.1 % in… …(fikret.hadzic@efsa.unsa.ba); Amir Softić, dipl.oec is a member of ASA Finance d.d. man- agement, and is responsible for risk management (amir.softic@asa.ba). 20 See… …have been faced with, primarily rental subject risk, and activities and measures of its identification, quan- tification, control and risk protection… …. Apart from those that are almost all financial, institutions faced with (credit, liquidity risk, concentration, price risk, tax, collection of payments… …risk, portfolio risks, and a whole set of operating risks), leasing companies, as one of the most significant, specially characterizes leasing i.e… …. rental subject risk. Leasing alone, in its structure, carries a high dependability on the basic business of the service user, but also on the… …secondary market of the leasing subject. Both of these aspects have to be carefully analyzed in the risk assessment process. A decline of interest in… …subject (asset-based Efficient Risk Management in Leasing Companies 29 financing) and primary credit worthiness generated from the future cash flow… …commercial banks. In this way they encounter the strong need to develop a comprehensive concept of identification, measurement, management and risk… …, registration of ownership and other rights over leasing subjects, and areas: risk management, fi- nancial reporting and monitoring of leasing companies…

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• eBook-Kapitel aus dem Buch Global Management Challenges for Internal Auditors

  Company Culture is Worth the Cost

  Sergey Martynov

  …company culture, so as not to run the risk that this may be established by uncontrolled factors, such as through groups of employees from other sectors…