Ethics: Case Studies

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Ethics Case Studies

• Dallas-Fort Worth Chapter IMA
• 19 December 2013

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IMA ETHICAL PRINCIPLES

• HONESTY
• FAIRNESS
• OBJECTIVITY
• RESPONSIBILITY

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IMA ETHICAL STANDARDS

• COMPETENCE
• CONFIDENTIALITY
• INTEGRITY
• CREDIBILITY

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TODAYS TOPICS

• EXAMINE THE CASES OF FCPA VIOLATIONS, TRUSTING
  ASSISTANTS, AND BID-RIGGING
• DISCUSS IMA STANDARDS AND APPLICABILITY
• OTHER CASES AND POINTS OF COMPARISON
• SOURCE OF SPECIFIC CASES IS THE ASSOCIATION OF
  CERTIFIED FRAUD EXAMINERS CASE STUDY FILE
  (www.fraud-magazine.com)

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FCPA VIOLATIONS

• GROWTH OF THE CHINESE ECONOMY
• GDP PER CAPITA
• TRANSPARENCY INTERNATIONALS ANNUAL CORRUPTION
  INDEX

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FCPA VIOLATIONS

• PRODUCT INSPECTION TOURS BY SOE REPS
• BRIBERY TO DO BUSINESS OR TO GET BUSINESS
• EXPERIENCES OF LUCENT AND SIEMENS

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FCPA VIOLATIONSDISCUSSION

• IMA PRINCIPLES APPLICATION
• IMA STANDARDS APPLICATION
• COMPETENCE
• CONFIDENTIALITY
• INTEGRITY
• CREDIBILITY

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TRUST IN BUSINESS

• IMA PRINCIPLES TRUST
• TRUST CONFIDENCE
• VALUE IN QUANTIFYING TRUST IN BUSINESS

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TRUSTING ASSISTANTS

• ACCESS TO CREDIT CARDS, PETTY CASH
• INITIATE INTERNAL AND EXTERNAL PAYMENTS
• CREATE OPEN PURCHASE ORDERS
• APPROVAL OF OWN TIMECARD

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EMBEZZLEMENTDISCUSSION

• IMA PRINCIPLES APPLICATION
• IMA STANDARDS APPLICATION
• COMPETENCE
• CONFIDENTIALITY
• INTEGRITY
• CREDIBILITY

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BID-RIGGING AND KICKBACKS

• MUNICIPAL PROJECT MANAGER
• FOUR MAJOR BRIDGE REHAB PROJECTS
• FOUR SMALL CONSTRUCTION PROJECTS
• KICKBACKS FROM 4 CONTRACTORS
• BRIBERY, EXTORTION, AND BID-RIGGING

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CONSTRUCTION FRAUDDISCUSSION

• IMA PRINCIPLES APPLICATION
• IMA STANDARDS APPLICATION
• COMPETENCE
• CONFIDENTIALITY
• INTEGRITY
• CREDIBILITY

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CONCLUSION

• IMA STANDARDS ARE APPLICABLE ACROSS A BROAD
  SPECTRUM
• TRUST IS NECESSARY, SO CULTURE AND PROCEDURES ARE
  ESSENTIAL

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QUESTIONS?

• RON FORY CMA CFE CPA
• UNIVERSITY OF NORTH TEXAS AT DALLAS
• 7400 UNIVERSITY HILLS BLVD, DALLAS TX
• 972 338 1804 OFFICE
• 817 312 3059 CELL
• RONALD.FORY_at_UNT.EDU