AIM Corporation: A Business Fraud Case Study

Abstract

The Association of Certified Fraud Examiners (2016) indicates that asset misappropriation is the most common form of occupational fraud. Based upon a real company, this Case contains six frauds including collusions, commissions, fictitious sales, rebates, refunds, and write-offs. It also includes several asset misappropriation (e.g., theft of cash, misuse of inventory, and fraudulent reimbursement) schemes. Furthermore, four of the six frauds are not found in other published case studies. The case seeks to enhance learning by having students (1) examine multiple fraudulent schemes within a single company, (2) identify frauds after examining firm procedures and documents, (3) suggest applicable fraud protection procedures, (4) identify internal control weaknesses, and (5) apply the fraud triangle. Undergraduate and graduate students from two universities performed well on the case.

Paradox of White Collar Crime and Fraud in Banking: Critical Analysis of Agency Theory and Gone Theory

“…Fourth, it is exposure related to the possibility of disclosure of fraud and the nature and severity of the sentence against fraud perpetrators. However, it cannot be denied that disclosure cannot guarantee someone to repeat acts of fraud or crime either by the old or even the new perpetrators (Karyono, 2013;Mintchik & Riley, 2019;Weirich & Churyk, 2018).…”

“…Honorary status, in this case, is a high position held by the bank employee. Various forms of white-collar crime that generally occur include fraud, corruption, bribery, fraud, and money laundering (Pluchart, 2019;Weirich & Churyk, 2018). Berghoff and Spiekermann (2018); Baer (2018), and Reurink (2018) said that many white-collar criminals are motivated by their intention to gain personal or group benefits by utilizing the existing procedures and policy gaps they think it as legitimate activities and not to violate the provisions of the law.…”