Playing the Ponies: A $5 Million Embezzlement Case
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| Title: | Playing the Ponies: A $5 Million Embezzlement Case |
|---|---|
| Language: | English |
| Authors: | Howe, Martha A., Malgwi, Charles A. |
| Source: | Journal of Education for Business. Sep-Oct 2006 82(1):27-33. |
| Availability: | Heldref Publications. 1319 Eighteenth Street, NW, Washington, DC 20036-1802. Tel: 800-365-9753; Tel: 202-296-6267; Fax: 202-293-6130; e-mail: subscribe@heldref.org; Web site: http://www.heldref.org |
| Peer Reviewed: | Y |
| Physical Description: | |
| Page Count: | 7 |
| Publication Date: | 2006 |
| Document Type: | Journal Articles Reports - Descriptive |
| Education Level: | Higher Education |
| Descriptors: | Deception, Antisocial Behavior, Crime, Justice, Accounting, Case Studies, Institutional Characteristics, Prevention, Audits (Verification), Investigations, Sentences, Correctional Institutions, Trusts (Financial), Industrial Psychology, Inspection, Quality Control, Criminal Law, Ethical Instruction |
| DOI: | 10.3200/JOEB.82.1.27-33 |
| ISSN: | 0883-2323 |
| Abstract: | Fraud is a pervasive problem, and educating future business leaders, managers, and auditors about fraud is one way to attack the problem. This instructional fraud case chronicles the actual details surrounding a major embezzlement at a regional high school (RHS) that culminated in long federal and state prison sentences for the school's treasurer. Names have been changed, but otherwise the case is factual. This case can be used in an auditing class or a fraud examination class to help students understand the dynamics of financial fraud, including identifying (a) the elements of the fraud triangle and the red flags and internal control weaknesses that existed in this situation, (b) the steps that could have prevented the fraud, (c) the auditing issues related to the fraud, (d) the investigation process, and (e) the resolution of fraud through the justice system. Discussion relating the case to these learning objectives is included. A Case Study is appended. |
| Abstractor: | Author |
| Number of References: | 16 |
| Entry Date: | 2007 |
| Accession Number: | EJ773167 |
| Database: | ERIC |
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