Essays on Accouting Information System Case Study

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Case 5.1Miller fit with the average fraud perpetrator profile of the general public. This is because the researchers have found similarities between them. In addition, all fraud perpetrators commit crime because of the opportunity to commit crime, conceal crime and convert the proceeds. As well, white collar crime or not according to the findings of researchers the fraud perpetrators commit crime because of financial, emotional, and lifestyle pressures and they all rationalize their behavior as an acceptable moral behavior and see them they are honest human beings. Miller differs from the characteristics of violent criminals because according to the findings the white collar criminals are significantly different to violent criminals and the employer do not notify to law enforcement authorities white collar crime because of loss of reputation and tendency to settle matter by other means.

There fore in this respect Miller is different to other categories of fraud perpetrators. As Miller is not prosecuted his crime and not notified to law enforcement authorities his crimes becomes undetected. When working in Associate Communications Miller embezzled funds using various methods of committing a fraud.

He used his position and trust to commit the crime, he used various methods of concealment to conceal his crime and by transferring funds to his personal account and balancing the books he was able to get the proceeds of his crime. One approach he used is to circumvent the requirement to have two signatures when he was in a position of CFO when one of the executive was going on vacation leave and asking for hi signature on blank checks and transferring funds to his personal account. To conceal he used the cancelled checks in the bank reconciliation statement and destroying them and posting to a unit’s expense account to balance the books.

The pressure motivated to embezzle was financial as he was using the funds from the current position to finance his past crimes. As well, he was also motivated by his lifestyle and emotions as he like to live in luxury and to be noticed by others for his spending. He rationalized his actions by thinking theft is an illness as well he thought by spending money others will like him and that is the reason for his fraudulent behavior and not because his is dishonest or a bad person. Miller’s framed T-shirt in his office of the statement “He who dies with most toys wins” indicate me that he likes to live beyond his means as well his life style is beyond his means and he is compulsive in maintaining his exorbitant lifestyle.

Miller bought a new house and bought several expensive cars. In addition, he bought vacation property, an extravagant wardrobe and he gave generous tips and gifts.

These lifestyle patterns would have given indication to the company that he cannot live this lifestyle within the salary of $130000 and the possibility of Miller committing fraud. The reasons for the companies hesitate to prosecute white-collar crime are the fear of adverse publicity, copycats and loss of customer confidence. The problem with these reasons are that if they hesitate with these fears white-collar criminals will commit crime over and over again and the company will lose lot of money and encourage such activity by others as well.

The law enforcement officials can encourage employers to prosecute white-collar crime by media publicity of such crimes, having seminars and conferences on the issue, public awareness campaigns.

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