Crossing the Line: Ordinary People Committing Extraordinary Crimes chronicles the lives of five convicted white-collar felons. These ordinary people tell the stories of how they devolved from corporate citizens to deceptive criminals, destroying their lives in the process. As they fight to rebuild their lives after serving time in federal prison, these individuals provide surprising insights into their past behavior and the road ahead.
Crossing the Line: The Accountants Speak chronicles the lives of three accountants who were put in situations that changed their lives forever. These ordinary people tell the story of how they made the choices that impacted their lives so profoundly. As they reflect on their past situations, these individuals provide surprising insights into their behavior and the road ahead.
Collegiate sports are a multi-billion dollar industry. Hear what happens when one woman steps forward and sheds light on a dark side of this industry. If you have any questions of problems, please contact us at firstname.lastname@example.org.
This e-case explores the internal control weaknesses that allowed executives at HealthSouth Corporation to pull off a campaign of fraud that went undetected by auditors for seven years. The fraud only came to an end because a CFO who had been part of the deception blew the whistle on the corporation.
Exercising professional skepticism is one of the most important responsibilities of an auditor and an accountant. According to AU 230. 09, a skeptical auditor is one who “neither assumes that management is dishonest nor assumes unquestioned honesty”. This standard is heavily cited in the authoritative auditing literature; however, this is a difficult skill to develop. This case highlights one accountant’s struggle with exercising professional skepticism when evaluating a client’s financial statements.
This e-case chronicles an embezzlement scheme that happened at the American Cancer Society of Ohio. According to the National Center for Charitable Statistics (NCCS), more than 1.5 million nonprofit organizations are registered in the U.S. Despite the good intentions of the vast majority, they have proven to be very susceptible to fraud.
An investigation published by the Washington Post on October 26, 2013 found that, between the years 2008 to 2012, more than 1,000 nonprofit organizations recorded a "significant diversion" of assets "attributed to theft, investment fraud, embezzlement and other unauthorized uses of funds....Just 10 of the largest disclosures identified by The Post cited combined losses to nonprofit groups and their affiliates that potentially totaled more than a half-billion dollars.”
Summary: Mortgage fraud is a serious crime that impacts individuals and the national economy. According to the FBI, mortgage fraud schemes typically involve material misstatements, misrepresentations, or omissions relating to a real estate transaction which are relied upon by one or more parties to the transaction. This e-case explores the story of a former entrepreneur from the mortgage industry who found himself entangled in a multi-million dollar mortgage fraud case. Although his intentions were to protect his business, his failure to make appropriate business decisions led him to spend several years in federal prison.
Business fraud is a major issue in today’s economy. The ability to identify fraud constructs before they do damage can be key to preventing large-scale corporate malfeasance. This case provides an overview of common fraud schemes used in embezzlement. In addition, this case illustrates the fraud triangle as it relates to ethical decision-making.
Summary: Insider trading is defined as trading on nonpublic information. Although some believe that insider trading is wrong because it gives certain individuals unfair market advantages, others believe that an “insider” has no moral obligation to refrain from leveraging nonpublic information on their own behalf.
This case explores the story of a day trader who was a member of a 17-year insider trading ring that resulted in profits in excess of $37 million. Despite the fact that his actions were illegal under U.S. law, more than 150 business school students wrote letters of support to the judge who presided over his federal prison sentencing hearing.
When you are instructed to do something unethical, following the boss’s orders may not be the best option. Being able to spot manipulations within the financial statements is an important skill to acquire as an accountant and as an auditor. A significant amount of judgment goes into making accounting decisions. It is important that these decisions accurately reflect the financial condition of the company. This case explores one financial controller’s experience standing up to her CFO when asked to engage in questionable accounting that would significantly distort the accurate financial health of the company.
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