Question

In: Accounting

What additional or meaningful response do you have on this student's paragraph below about characteristics of...

What additional or meaningful response do you have on this student's paragraph below about characteristics of a person likely to perpetrate a large fraud, debated his decision over person with these characteristics, and gave reasons why a person is likely to be a fraud perpetrator than person with different characteristics? This is based on Chapter 14 in the textbook called "Fraud Examination" by Steve Albrecht.

After looking at the various fraud statistics, people who are most likely to commit large-scale fraud are employees who have the following characteristics: They have high positions within an organization, ambitious workers, greedy, and lack moral integrity. According to our text, "the size of the loss caused by occupational fraud is strongly related to the position of the perpetrator." This suggests larger frauds are committed by people in higher positions. These people understand company better; they are in better position to exploit weaknesses and cover their wrongdoing. In the same section, our text states that "one of the most common rationalizations for misconduct is a 'whatever it takes' attitude to meet strategic goals and objectives." This suggests fraud perpetrators are ambitious where they work hard to meet goals and objectives and will stop at nothing to reach them. At the same time, it suggests they lack moral integrity. Their ambitions are obviously stronger than their morals. They are willing to do something they know is wrong - to lie, cheat, and manipulate numbers for example - in order to be successful. By cheating to meet their goals and objectives it shows they are, at least partially, victims of the high-pressure, eat-or-be-eaten corporate environment. Maybe if they don't meet their objectives they will be fired and replaced by someone who can. At the same time, they are motivated by greed, because by meeting company goals they are most likely rewarded with bonuses or commissions.

Solutions

Expert Solution

Professional ethics in workplace and factors influencing ethical behaviour at work is an additional response i have to the students paragraph. Lacking professional and ethical behavior can be noted as a major characteristic of a person likely to perpetrate a large fraud,

Professionalism and ethics in the workplace are the guiding principles that an individual or the company has established. Being a professional requires more than wearing a nice suit. It requires ethical behavior that drives interactions with other employees, customers and leadership. It also guides how someone performs there job. Ethical behavior guides whether someone will perform minor infractions if one feels no one is watching.

Rather than how the student quoted the characteristics of a fraud perpetrator in the paragraph as people who are most likely to commit large-scale fraud are employees who have the following characteristics: They have high positions within an organization, ambitious workers, greedy, and lack moral integrity. it shall be better if it's said like fraud perpetrators in an organization are people who lack moral integrity and professional ethics. and many times those are employees who have high positions within an organization, ambitious and greedy workers.

the characteristics of being a fraud perpetrator can't be counted as person with different characteristics because when personal interest, career goals and objectives collide with that of organizations the means of achieving the same will rather keep the companies reputation and goodwill at stake.

high-pressure, eat-or-be-eaten corporate environment can be counted as factors influencing ethical behaviour at workplace.

In short Ethical/ Unethical choices in workplace can be said as a combination of individual standards and values, influence of peers and those in authority, codes and compliance requirements.


Related Solutions

What additional or meaningful response do you have on this student's paragraph below about characteristics of...
What additional or meaningful response do you have on this student's paragraph below about characteristics of a person likely to perpetrate a large fraud, debated his decision over person with these characteristics, and gave reasons why a person is likely to be a fraud perpetrator than person with different characteristics? This is based on Chapter 14 in the textbook called "Fraud Examination" by Steve Albrecht. Characteristics of person to commit fraud is someone in high position of responsibility, which is...
What view or additional meaningful response do you have on these paragraphs? Please see below. GASB...
What view or additional meaningful response do you have on these paragraphs? Please see below. GASB was established to provide uniformed governmental accounting principles for states and local governments to utilize. If GASB gave in to the rebellion of Texas officials for not complying with Statement 45, it would be similar to parents giving in to their misbehaved children. GASB would lose their authority, power, and trust from the public. If GASB allowed Texas to follow their own accounting rules,...
Read and analyze the response below. What do you think? Explain. do you agree? why or...
Read and analyze the response below. What do you think? Explain. do you agree? why or why not? (5 Sentences Minimum) A monopoly alludes to a segment or industry ruled by one enterprise, firm or element. Monopolies can be viewed as an extraordinary consequence of free-market private enterprise in that missing any limitation or restrictions, a solitary organization or gathering turns out to be sufficiently huge to claim all or almost the majority of the market (merchandise, supplies, foundation and...
Please give a response to below paragraph the one marked response not the question. The Question:Discuss...
Please give a response to below paragraph the one marked response not the question. The Question:Discuss the properties of some of the commonly used functions on the set of Integers and on the set of Real Numbers. (Ex. Is the exponentiation any or none of Injective, Surjective, Bijective?, etc.) Response: An exponential function such as exp(x) = e^x is an example of a commonly used injective function, which is a function that is one-to-one, meaning the elements of the domain...
One paragraph about what do you think of these 5 people. Based on what they did!!...
One paragraph about what do you think of these 5 people. Based on what they did!! The scientist that saved the seeds The father of history and why it matters The Union Jack and when does the sun set on it. Who said, " I prefer Hell to Heaven if there are Spaniards in Heaven" and describe the circumstances surrounding the quote. The siege of Leningrad by Hitler
What is your opinion or observation to the paragraph below? Also, answer the question: Do you...
What is your opinion or observation to the paragraph below? Also, answer the question: Do you think that if there is an improvement to public relations, such as, safer gun controls to prevent shooting accidents, cigarette and drug control, etc, that the cost of the public health could decrease not only in the state of NY, but in the nation as a whole? It does not surprise me that the support and regulate business fund is one of the largest...
What do you find interesting or puzzling about estimating a Population Proportion? In a paragraph
What do you find interesting or puzzling about estimating a Population Proportion? In a paragraph
Please write about these questions like a small paragraph answering he questions below: Do you think...
Please write about these questions like a small paragraph answering he questions below: Do you think that microbes can have cooperative traits? Why or why not? Think about the RNA viruses that evolve as if they were playing the prisoner's dilemma game. What if you did not know about the prisoner's dilemma and you were given the data on fitness at different starting frequencies in the paper presented. How would you interpret those results? Is it useful to think about...
What common descriptors/characteristics do influential teachers share? Are these characteristics learned, or do they have to...
What common descriptors/characteristics do influential teachers share? Are these characteristics learned, or do they have to be naturally occurring? In other words, are great teachers born or made? If made, what can we do to help develop more teachers like those that had such a positive impact?
Now that you have learned about the Keynesian perspective, what do you think about it? In...
Now that you have learned about the Keynesian perspective, what do you think about it? In your post, be sure to describe they Keynesian viewpoint and how they would use both fiscal and monetary policy to achieve their goals. Do you think Keyes was right? Why or why not?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT