ethics: case studies

Ethics: Case Studies

Dallas-Fort Worth Chapter IMA19 December 2013

IMA ETHICAL PRINCIPLES

HONESTYFAIRNESSOBJECTIVITYRESPONSIBILITY

IMA ETHICAL STANDARDS

COMPETENCECONFIDENTIALITYINTEGRITYCREDIBILITY

TODAY’S TOPICSEXAMINE THE CASES OF FCPA VIOLATIONS, TRUSTING ASSISTANTS, AND BID-RIGGINGDISCUSS IMA STANDARDS AND APPLICABILITYOTHER CASES AND POINTS OF COMPARISONSOURCE OF SPECIFIC CASES IS THE ASSOCIATION OF CERTIFIED FRAUD EXAMINERS’ CASE STUDY FILE (www.fraud-magazine.com)

FCPA VIOLATIONS

• GROWTH OF THE CHINESE ECONOMY• GDP PER CAPITA • TRANSPARENCY INTERNATIONAL’S

ANNUAL CORRUPTION INDEX

FCPA VIOLATIONS

“PRODUCT INSPECTION” TOURS BY SOE REPSBRIBERY TO DO BUSINESS OR TO GET BUSINESSEXPERIENCES OF LUCENT AND SIEMENS

FCPA VIOLATIONSDISCUSSION

IMA PRINCIPLES APPLICATIONIMA STANDARDS APPLICATION:

COMPETENCECONFIDENTIALITYINTEGRITYCREDIBILITY

TRUST IN BUSINESS

IMA PRINCIPLES = TRUSTTRUST = CONFIDENCEVALUE IN QUANTIFYING TRUST IN BUSINESS

TRUSTING ASSISTANTS

ACCESS TO CREDIT CARDS, PETTY CASHINITIATE INTERNAL AND EXTERNAL PAYMENTSCREATE OPEN PURCHASE ORDERSAPPROVAL OF OWN TIMECARD

EMBEZZLEMENTDISCUSSION

IMA PRINCIPLES APPLICATIONIMA STANDARDS APPLICATION:

COMPETENCECONFIDENTIALITYINTEGRITYCREDIBILITY

BID-RIGGING AND KICKBACKS

MUNICIPAL PROJECT MANAGERFOUR MAJOR BRIDGE REHAB PROJECTSFOUR SMALL CONSTRUCTION PROJECTSKICKBACKS FROM 4 CONTRACTORSBRIBERY, EXTORTION, AND BID-RIGGING

CONSTRUCTION FRAUD

DISCUSSIONIMA PRINCIPLES APPLICATIONIMA STANDARDS APPLICATION:

COMPETENCECONFIDENTIALITYINTEGRITYCREDIBILITY

CONCLUSION

IMA STANDARDS ARE APPLICABLE ACROSS A BROAD SPECTRUMTRUST IS NECESSARY, SO CULTURE AND PROCEDURES ARE ESSENTIAL

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@UNT.EDU