Ethics: Case Studies
Dallas-Fort Worth Chapter IMA
19 December 2013
IMA ETHICAL
PRINCIPLES
HONESTY
FAIRNESS
OBJECTIVITY
RESPONSIBILITY
IMA ETHICAL
STANDARDS
COMPETENCE
CONFIDENTIALITY
INTEGRITY
CREDIBILITY
TODAY’S 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)
FCPA VIOLATIONS
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GROWTH OF THE CHINESE ECONOMY
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GDP PER CAPITA
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TRANSPARENCY INTERNATIONAL’S ANNUAL
CORRUPTION INDEX
FCPA VIOLATIONS
“PRODUCT INSPECTION” TOURS BY SOE
REPS
BRIBERY TO DO BUSINESS OR TO GET
BUSINESS
EXPERIENCES OF LUCENT AND SIEMENS
FCPA VIOLATIONS
DISCUSSION
IMA PRINCIPLES APPLICATION
IMA STANDARDS APPLICATION:
COMPETENCE
CONFIDENTIALITY
INTEGRITY
CREDIBILITY
TRUST IN BUSINESS
IMA PRINCIPLES = TRUST
TRUST = CONFIDENCE
VALUE IN QUANTIFYING TRUST IN BUSINESS
TRUSTING
ASSISTANTS
ACCESS TO CREDIT CARDS, PETTY CASH
INITIATE INTERNAL AND EXTERNAL
PAYMENTS
CREATE OPEN PURCHASE ORDERS
APPROVAL OF OWN TIMECARD
EMBEZZLEMENT
DISCUSSION
IMA PRINCIPLES APPLICATION
IMA STANDARDS APPLICATION:
COMPETENCE
CONFIDENTIALITY
INTEGRITY
CREDIBILITY
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
CONSTRUCTION FRAUD
DISCUSSION
IMA PRINCIPLES APPLICATION
IMA STANDARDS APPLICATION:
COMPETENCE
CONFIDENTIALITY
INTEGRITY
CREDIBILITY
CONCLUSION
IMA STANDARDS ARE APPLICABLE ACROSS A
BROAD SPECTRUM
TRUST IS NECESSARY, SO CULTURE AND
PROCEDURES ARE ESSENTIAL
QUESTIONS?
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RON FORY CMA CFE CPA
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UNIVERSITY OF NORTH TEXAS AT DALLAS
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7400 UNIVERSITY HILLS BLVD, DALLAS TX
972 338 1804 OFFICE
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•
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817 312 3059 CELL
RONALD.FORY@UNT.EDU