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Corporate Fraud and Corruption: A Holistic Approach to Preventing Financial Crises

Financial Crisis, Fraud, and Corruption Introduction A Brief Consideration of the 2007-2008 Financial Crisis Fraud The Concept Examples of Mega Fraud Consequences of Fraud The Etiology of Fraud Characteristics of Fraudsters16 Auditors and Fraud Detection: Easier Said Than Done Methods Used to Detect Fraud by the Auditors Accountants Blowing the Whistle Corruption The Concept of Corruption Measuring Corruption Consequences of Corruption The Etiology of Corruption Conclusions Financial Crisis Prevention Through Regulation Introduction: Precursors of Financial Crises The Concept of and Need for Regulation The Concept of Regulation The Need for Regulation Regulating: Ways and Means Legislative Regulation Fiduciary Duty Corporate Governance Impact of Bad Corporate Governance Regulating Financial Services/Banks Banking Regulation in Developing vs Developed Countries Regulation and Self-Regulation of Accountants and Auditors Regulation of Politicians Conclusions Ensuring Corporate Ethical Behavior Introduction: New Expectations of Corporations and Converging Concepts Business Ethics and Human Rights Explaining Unethical Behavior Rationalizing and Excusing One’s Unethical Behavior Gender Differences Gender and Moral Reasoning Cultural Factors Impacting Ethical Behavior Corporate Culture Impacts Employee Behavior SR, CSR, and Corporate Sustainability Social Responsibility CSR: The Concept, Interpretations, and Impact The CSR Concept Justifications for CSR What Drives CSR?A Typology of CSR CSR and Ethical Standards The Impact of CSR: On Financial Performance The Impact of CSR: On Employees CSR and the Financial Crisis: Threat or Opportunity?A Strategic Approach to CSR CSR in Different Cultures CSR and Corruption Ethical Indices Convergence of CSR, Business Ethics, and CG Integrating CSR and Anticorruption Corporate Sustainability The UN Guide to Corporate Sustainability (CS)Conclusions Private and Public Sector Governance Introduction: Definition of Concepts CG: The Development of the Concept Concepts ofCG Provision for CG Internationally Leadership Accountability Remuneration Relations with shareholders Information and Support Correlates of Good Governance Board Effectiveness Benefits ofCG during a Financial Crisis Public Sector Governance Fundamentals of Public Sector Governance Differences in QoG across Countries and Regions in the EU Conclusions A Holistic Model of Corruption and Corporate Fraud Prevention Introduction Prosecuting Suspects and Punishing the Guilty Preventative Actions Deterrence Theory Restorative Justice Codes of Conduct Corporate Governance and Quality of Government Additional Ways of Preventing Corruption and Corporate Fraud Transparency in Public Procurement Civil Society Participation Political Accountability Institutional Integrity Ethics in Curriculum Moral Responsibility Conclusions Bibliography

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A Holistic Model of Corruption and Corporate Fraud Prevention
We have seen in the preceding chapters that no consensus exists on the questions of what caused the 2008 financial crisis, who will perpetrate fraud against a corporation, and when and how fraud will be committed on behalf of a corporation. Similarly, there is no consensus on the best explanation...
(Corporate Fraud and Corruption: A Holistic Approach to Preventing Financial Crises)
Additional Ways of Preventing Corruption and Corporate Fraud
Some other approaches to preventing corruption and limiting corporate fraud are recruitment and promotional procedures; auditing with skepticism; tendering and contracting; and transparency and disclosure. In the private and public sectors, recruitment and promotion ought to be based on merit and not...
(Corporate Fraud and Corruption: A Holistic Approach to Preventing Financial Crises)
Holistic Approach to Satisfying the Customer
Customer satisfaction will always be a key driver in maintaining and improving a firm's market share. Based on the core values of the organization, customer needs that can be met must be delineated. This will in turn drive the mission and the strategic plan. Further, the core values will shape the implementation...
(Strategic Management in the 21st Century. Corporate Strategy)
Use a Holistic Approach
There are a variety of selection methods and it is important to understand which are better at measuring different characteristics and to combine the methods wisely. For example, cognitive ability is easier to measure using an online test while interpersonal presence would be easier to measure in a face-to-face...
(Dos and DonвЂ™ts in Human Resources Management)
Holistic Approach
Change management should start with a holistic analysis of the as-is-situation and the desired outcome of the change process regarding: • Major stakeholders and their interests • Emotions about the change • All relevant economic aspects • Potential risks and their likelihood • Operative consequences...
(Dos and DonвЂ™ts in Human Resources Management)
Financial Crisis, Fraud, and Corruption
Fraud, corruption, and corporate crime serve as examples of white-collar crime. Alone or in combination, they can contribute to the collapse of corporations or even be instrumental in a national or global financial crisis as happened in 2007—2008. Fraud and corruption raise ethical issues and...
(Corporate Fraud and Corruption: A Holistic Approach to Preventing Financial Crises)
Interplay between Reductionist and Holistic Approaches
Although the ‘omic methods have brought new attention to approaching molecular biology and biotechnology more holistically, this strategy is not new. What now is being called systems biology—the study of biology through the lens of complex systems thinking—is rooted in physiology and is a strong...
(Modern biotechnology : defining and solving human problems)
Holistic approaches to wellbeing
Frameworks for human wellbeing and development are increasingly holistic, connecting all aspects of human experiences and the natural world. The conception of an integrated approach to local development and planning was evident in Australia as long ago as 1993: the Integrated Local Area Planning approach...
(New Directions in Cultural Policy Research : Making Culture Count.)
Framework for NGA investment — the need for a holistic approach
One key foundation of any effort to foster broadband networks must be the recognition that they play an important role in economic and social development. Promoting such networks can be viewed as a jigsaw puzzle in which all the various pieces of the puzzle - relevant policies and drivers - must be put...
(Reaping the benefits of ICTs in Spain : strategic study on communication infrastructure and paperless administration.)
Maintaining a Holistic Approach to Privacy
By Kris Miller, JD, LLM, MPA, CIPP/US/G/E, SMP Contents The Benefits and Risks of Health IT.............................................................131 Health IT Benefits.......................................................................................131 Privacy Risks and Harms............................................................................133...
(Information Privacy in the Evolving Healthcare Environment)