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A Fraud at Turbo Global Partners, Inc.: A Case Study

Subash Adhikari & Srinivasan Ragothaman

Research on Professional Responsibility and Ethics in Accounting2024https://doi.org/10.1108/s1574-076520240000026007book-chapter
AJG 1ABDC B
Weight
0.30

What the paper says

Abstract This case study is based on fraudulent press releases by Turbo Global Partners, Inc., an Over the Counter (OTC) traded public company in the United States. After the fraudulent press releases, the Securities and Exchange Commission (SEC) suspended the trading of securities of Turbo Global Partners, Inc. and filed a complaint against the company in the US District Court in the Middle District of Florida. This case study presents accounting students (Intermediate II and auditing students) with various concepts related to fraud, ethics, and financial reporting. Specifically, this case study presents the concepts related to (1) fraud triangle; (2) the impact of fraud to various stakeholders; (3) debt extinguishment; (4) analysis of financial statements; (5) accounting for intangible assets; (6) analytical procedures; and (7) SEC investigation and actions. This case provides students with an opportunity of active learning as they analyze a real-world case of fraud and access professional literature such as Accounting Standards Codification (ASC) and SEC documents.

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https://doi.org/https://doi.org/10.1108/s1574-076520240000026007

Or copy a formatted citation

@article{subash2024,
  title        = {{A Fraud at Turbo Global Partners, Inc.: A Case Study}},
  author       = {Subash Adhikari & Srinivasan Ragothaman},
  journal      = {Research on Professional Responsibility and Ethics in Accounting},
  year         = {2024},
  doi          = {https://doi.org/https://doi.org/10.1108/s1574-076520240000026007},
}

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Evidence weight

0.30

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.00 × 0.4 = 0.00
M · momentum0.50 × 0.15 = 0.07
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.