Irregularities in the Accounting Reports - Essay Example

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The paper "Irregularities in the Accounting Reports" states that in the state of Wisconsin, amounts of $2500 and up are considered felonies, while lesser amounts are considered misdemeanors—so it really depends on how much money was allegedly pilfered…

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Irregularities in the Accounting Reports

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Subject: Law
Type: Essay
Level: Undergraduate
Pages: 1 (250 words)
Downloads: 3
Author: morissettejo

Extract of sample "Irregularities in the Accounting Reports"

An employer noticed some irregularities in the accounting reports. Federal laws are enforced by the FBI. According to Federal Criminal Law (2012), “the Federal Bureau of Investigation and the United States Attorneys' Offices are the primary federal law enforcement agencies responsible for investigating and prosecuting most serious felony crimes that occur…including…large scale theft or embezzlement” (pg. 1). However, you may be wondering whether local authorities will charge the suspect, in addition to possibly facing criminal felony charges. Also, according to Penalties for White Collar Crime (2012), “In addition to criminal penalties, many white collar offenses may give rise to civil lawsuits, brought either by the federal or state government or by the victims of the offense. Any civil liability imposed as a result of these suits is in addition to, and not a substitute for, the penalties imposed in the criminal case” (pg. 1). It is almost certain that this accountant will face state charges. Read More

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