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Corporate Fraud - Case Study On Informatio
Essay specific features
Written by:
Jean B
Date added:
February 1, 2014
Level:
University
Grade:
A
No of pages / words:
4 / 1101
Was viewed:
2436 times
Rating of current essay:
Essay content:
The company reported that its business entity owned, Computer Assisted Learning (CAL), had submitted false National IT Literacy Programme (NITLP) claims of S$347,000 to Infocomm Development Authority of Singapore (IDA) (Commercial Affair Department, Singapore Police Force 2005).
In the conspiracy, Rudy Kua with his accomplices primarily draw on the weakness that there was no alternate checks in placed in submitting the claims to IDA...
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On top of that, the lack of accountability in receipt and payment by CAL from and to other companies respectively enable them to conceal the evidences of their crime.
We identified the issue as a fraud act committed by the employees of CAL. In further examine the conspiracy, we noted that CAL has two main loopholes in their business practices that resulted in employee taking advantage of it and hence violated the ethical issues...
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