Ethics: Case Studies
Dallas-Fort Worth Chapter IMA19 December 2013
IMA ETHICAL PRINCIPLES
HONESTYFAIRNESSOBJECTIVITYRESPONSIBILITY
IMA ETHICAL STANDARDS
COMPETENCECONFIDENTIALITYINTEGRITYCREDIBILITY
TODAY’S TOPICSEXAMINE THE CASES OF FCPA VIOLATIONS, TRUSTING ASSISTANTS, AND BID-RIGGINGDISCUSS IMA STANDARDS AND APPLICABILITYOTHER CASES AND POINTS OF COMPARISONSOURCE 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 REPSBRIBERY TO DO BUSINESS OR TO GET BUSINESSEXPERIENCES OF LUCENT AND SIEMENS
FCPA VIOLATIONSDISCUSSION
IMA PRINCIPLES APPLICATIONIMA STANDARDS APPLICATION:
COMPETENCECONFIDENTIALITYINTEGRITYCREDIBILITY
TRUST IN BUSINESS
IMA PRINCIPLES = TRUSTTRUST = CONFIDENCEVALUE IN QUANTIFYING TRUST IN BUSINESS
TRUSTING ASSISTANTS
ACCESS TO CREDIT CARDS, PETTY CASHINITIATE INTERNAL AND EXTERNAL PAYMENTSCREATE OPEN PURCHASE ORDERSAPPROVAL OF OWN TIMECARD
EMBEZZLEMENTDISCUSSION
IMA PRINCIPLES APPLICATIONIMA STANDARDS APPLICATION:
COMPETENCECONFIDENTIALITYINTEGRITYCREDIBILITY
BID-RIGGING AND KICKBACKS
MUNICIPAL PROJECT MANAGERFOUR MAJOR BRIDGE REHAB PROJECTSFOUR SMALL CONSTRUCTION PROJECTSKICKBACKS FROM 4 CONTRACTORSBRIBERY, EXTORTION, AND BID-RIGGING
CONSTRUCTION FRAUD
DISCUSSIONIMA PRINCIPLES APPLICATIONIMA STANDARDS APPLICATION:
COMPETENCECONFIDENTIALITYINTEGRITYCREDIBILITY
CONCLUSION
IMA STANDARDS ARE APPLICABLE ACROSS A BROAD SPECTRUMTRUST IS NECESSARY, SO CULTURE AND PROCEDURES ARE ESSENTIAL
QUESTIONS?• RON FORY CMA CFE CPA
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