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Ethics: Case Studies
Dallas-Fort Worth Chapter IMA19 December 2013
IMA ETHICAL PRINCIPLES
HONESTY
FAIRNESS
OBJECTIVITY
RESPONSIBILITY
IMA ETHICAL STANDARDS
COMPETENCE
CONFIDENTIALITY
INTEGRITY
CREDIBILITY
TODAY’S TOPICSEXAMINE 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
• GROWTH OF THE CHINESE ECONOMY
• GDP PER CAPITA
• 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 VIOLATIONSDISCUSSION
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
EMBEZZLEMENTDISCUSSION
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
DISCUSSIONIMA 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?• 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
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