O'Reilly logo

Corporate Fraud and Internal Control Workbook: A Framework for Prevention by Richard E. Cascarino

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Chapter Eleven

Legal Issues Surrounding Fraud

ANSWERS: FILL IN THE BLANKS

1. precedence, customs
2. Common law, judicial judgments
3. adversarial exchange
4. legislation, inquisitors
5. constitutions
6. quality
7. Direct
8. tangible objects
9. Documentary
10. Demonstrative
11. documentary
12. documentary, ability
13. inadmissible
14. victim restitution
15. proceeds, substitute, equivalent value
16. contract, secured, unsecured
17. electronically
18. audit trail
19. freezing order
20. third-party disclosure orders, innocently
21. actual, potential, incriminating documents
22. transferred, transmuted, money, property
23. Piercing the veil
24. reduce costs
25. nonemployee
26. employee deception

SOLUTIONS: SHORT-ANSWER QUESTION

1. Define the difference between actual and punitive damages.
  • Actual damage usually involves the amount of direct loss that can be shown in court
  • Punitive damages usually are assessed by the court based on other issues than provable cash losses and may, in some cases, be considerably higher than the amount of money directly attributable to the fraud itself. Loss of customer confidence or even embarrassment may be taken into consideration.
2. In some cases companies may knowingly seek to evade labor legislation by classifying workers as independent contractors ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required