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The purpose of this paper is to provide an in‐depth analysis of a major fraud case in a local government setting, specifically a public school district, as a guide to managers and overseers of such organizations and as an instructional resource. Fraud cases outside the corporate arena have not been well represented in the literature.

The paper describes the multi‐faceted fraud that occurred, identifies the control, oversight and auditing deficiencies that permitted it to happen, and suggests how adherence to good practices contributes to fraud prevention. What happened, why it happened, and how it might have been prevented are discussed. An extensive state audit provides richness of detail for this case study.

The absence of, or non‐adherence to, internal controls, failures of oversight by the supervisory board, collusion among top executives, and substandard auditing all contributed to a multi‐million dollar public fraud extending over several years. The case led to new requirements for the financial management of school districts.

The case provides guidance to management, board members, auditors, and regulators as to how fraud can thrive when control and oversight deficiencies exist, and demonstrates how adherence to good practices can reduce the occurrence of fraud in the local government environment.

This paper provides a broader exposure to a major, multi‐faceted fraud case in a non‐corporate environment.

In this study we focus on how conditions of uncertainty shape the entrepreneurial action that underlies opportunity creation. We utilize the basic structure of economic exchange in the context of opportunity creation theory to further investigate the conditions under which an entrepreneur might be expected to act to bring an opportunity into existence. Specifically, we suggest that uncertainty, that is manifest as relational uncertainty and resource uncertainty, shapes the entrepreneurial actions that underlie the creation of opportunities. In a laboratory experiment we test this hypothesis by observing 56 three-person groups engaged in an opportunity creation-focused exchange task. The results of the experiment support the hypothesis that variability in the conditions of uncertainty (relational uncertainty and resource uncertainty) affects the entrepreneurial action that results in opportunity creation. These results lead us then to propose that there exists a theoretically specifiable set of key entrepreneurial actions (one that is others-focused and another that is works-focused). From this analysis we suggest potential directions for future research in the areas of entrepreneurial action and opportunity creation.

Education is primary a state and local responsibility in the United States. It is states and communities, as well as public and private organizations of all kinds, that establish schools and colleges, develop curricula, and determine requirements for enrollment and graduation. The appropriate roles for state in the education of all children continue to be an issue of urgent concern. The Individuals with Disabilities Education Act mandates cooperating and reporting between state and federal educational agencies. State educational agencies, in turn, must ensure that local schools and teachers are meeting the state’s educational standards. The importance of this responsibility creates controversy on how public education should be implemented and what policy directions state and local governments should take. It is apparent that enhancing public education programs to benefit all students requires a process of system change, as opposed to isolated programs and invalidated instructional practices often common with programming in some school districts. This chapter discusses the role of government agencies in enhancing special education and problems associated with it.

The purpose of this paper is to foster entrepreneurship among students and incubate more start-ups for economic prosperity, universities around the globe are required to play key role in developing overall conducive eco-system for student fraternity. Some previous studies have analysed student entrepreneurship and impact of entrepreneurship courses. However, role of universities as provider and enabler of entrepreneurial environment and its impact on entrepreneurial intent among students has not been studied in a cross-cultural context. Considering this, present study seeks to examine role played by universities in fostering entrepreneurial intention among post-graduate students.

Researcher has taken the framework suggested by Kraaijenbrink et al. (2010) to understand university environment and theory of planned behaviour (Ajzen, 1985) to measure entrepreneurial intention and its antecedents among final year post-graduate management students of India, Malaysia and Singapore. Total sample size is 1,097. Data are analysed with help of exploratory factor analysis, multivariate analysis of variance (MANOVA) and structural equation modelling (SEM).

Two factors emerge out of analysis in relation to university environment and support: first, targeted cognitive and non-cognitive support and second, general educational support. With help of SEM, attempt is made to find relationship between these two factors and entrepreneurial intention. It is found that university environment and support has significantly positive relationship with perceived behavioural control. With help of MANOVA, it is found that there is statistically significant difference between perceived university environment and support factors among students of India, Singapore and Malaysia. With this, for both factors highest mean score is found among students of Malaysia, followed by students of Singapore and India.

Study has closely examined role played by university environment and support to foster entrepreneurship among young students. Findings of the study can be used by post-graduate educational institutes to design pedagogy, create enabling entrepreneurship support system and work towards becoming an entrepreneurial university.