Both proposals were consequently amended and eventually accepted by the SEC. The audit committee makes sure that the books aren't being cooked and that shareholders are properly informed of the financial status of the firm. Characteristically, the Continue Reading...
Successful supply chain strategies will consider many factors besides price; such as quality, reliability, stability, how well their technology integrates as well as plethora of other strategic considerations. Therefore since many of these factors a Continue Reading...
Cultures that at one time had no impact upon business, such as India, China, Korea, and Vietnam are now deeply integrated into the international market place. The emergence of these nations has altered the business dynamics and caused dramatic chang Continue Reading...
unethical practices and behavior in Accounting. Review the effect of the Sarbanes-Oxley Act of 2002 on financial statements. Identify situations that might lead to unethical practices and behavior in Accounting The company may distort its accounts Continue Reading...
CONTROL Self-ASSESSMENT Order ID: Control Self-Assessment Control Self-Assessment (CSA), also known as internal audit risk assessment is one of the management tools used to facilitate workers to be more effective in realizing their goals and managi Continue Reading...
Enron was a Texas based, low profile, gas pipeline Company that progressed from delivering energy to brokering energy futures. Exploiting de-regulation, it pioneered an innovative mark- to- market pricing strategy and started selling electricity in 1 Continue Reading...
Business Law When most people think of securities fraud and corporate misconduct, they will often associate Enron to these ideas. This is because it went from being the tenth largest company in America to one the biggest bankruptcies in U.S. history Continue Reading...
Executive Stock Option Plans "If the company does not do better than its competitors, but the stock market goes up, executives do very well from their stock options. This makes no sense." Discuss viewpoint. Can you think of alternatives to the usual Continue Reading...
Corporate Governance Two different, yet related corporate governance definitions have been presented in this paper (Mallin, 2006: 3). Sometimes they cause confusions and controversy and ultimately affect the implementation of tightening of governanc Continue Reading...
unethical accounting practices and behavior. Unethical behavior occurs when there is a combination of motive and opportunity, along with a lack of integrity. Situations that contribute to ethical lapses in accounting occur because of the very natur Continue Reading...
Q12. Describe the impact of legislation on the field of compensation management. Minimum wage and overtime laws restrict the minimum amount employers can offer to workers; anti-discrimination legislation mandates that employees are compensated wit Continue Reading...
This article also explains how government entities will now take more of an effort to enforce those regulations to ensure that such financial digressions and illegal dealings will not take over with the zealousness which they had in the early portio Continue Reading...
The focus of this area has shifted to Web application development including the development of complex, highly integrated enterprise system platforms beyond the scope of client it departments. This shift has actually accelerated the financial perfor Continue Reading...
These decisions of business model structure are predicated in part on the cultural variations of the foreign country to an organizations' home nation as well. Cultural variations between regions also lead more to distrust than trust and this is espe Continue Reading...
The ratios are symptoms rather than problems. Thus, we see the emergence of ratios as a diagnosis tool rather (Johnson, 2008). These tools must then be used in concert with more in-depth analysis techniques and the collect and interpretation of othe Continue Reading...
When this happens, actuaries can use the data that was collected to provide a clear picture of what is taking place inside the various segments of the firm. ("Sarbanes-Oxley Act") (Holland) Obtaining a complete list of all business units is where t Continue Reading...
This process has been ongoing since then. One of the major differences between the two standards is going to be that whereas GAAP emphasizes rules, the IFRS is a principle-based approach. Implementing a principles-based approach has significant imp Continue Reading...
This implies that there should be a movement towards measurements that have a more balanced scorecard and dashboard which will be healthy though there is a risk of developing an internal evaluation bureaucracy and lose of credibility if not updated Continue Reading...
Transaction Under Each of the Five Ethical Theories Ethical fundamentalism: Juanita's behavior is clearly in contravention of a normative code of ethics since each of the world's religions proscribe bribery. The Bible, for instance, as does the Ko Continue Reading...
Loyalty to the client was clearly placed above loyalty to the overall public good and the standards of the profession. "Enron paid Andersen $25 million for its audit…and $27 million for 'consulting' and other services" which meant that Anderso Continue Reading...
Federal Securiies Laws Disclosure: Pros and Cons Federal securities laws disclosure: pros and cons Economic agents were traditionally forced to generate funds by themselves. Upon stating up a business entity, the owner was required to possess most Continue Reading...
This seems to be serious, but most of the people committing the crime are being released by the courts. (Understanding White Collar Crime) Question 3a: What is a FOIA request and is it likely to be granted? The request is under the Freedom of Info Continue Reading...
IT Fraud Evaluate the factors that add to corporate fraud The business fraud can be credited to conditions emerging from deceptive monetary reporting and misappropriation of possessions. These conditions are 3 and all 3 features of the fraud triang Continue Reading...
First, the decreasing subscription of land-line telephone service due to the proliferation of cellular technology. Since 2001, there has been a steady decline in market share of land-line telephones as more and more users chose to use cell phones as Continue Reading...
Tyco International is a worldwide manufacturing company that is involved in production of various products since its inception in the 1960s. The company is currently divided into five main business segments which are Safety Products, ADT Worldwide, F Continue Reading...
As both carriers, are concerned about addressing the various provisions in: the Companies (Audit, Investigations and Community Enterprise) Act of 2004 and Sarbanes-Oxley. This is accomplished by tackling those issues that contributed to a host of mo Continue Reading...
Enron Leadership Enron collapsed very quickly in November 2001, and its failure should have been a warning to serious dysfunctions in the entire corporate and financial system, but this did not happen. Its executives admitted that they had falsified Continue Reading...
Corporate Governance: A review of Literature What is Corporate Governance? Principles of Corporate Governance Theoretical foundations of corporate governance Agency theory Stewardship theory Stakeholder theory Post-Enron theories Corporate Go Continue Reading...
Arthur Andersen Chapter four of our text explains the mandated requirements for legal compliance. The following requirements apply to the Arthur Andersen case. Certainly, accountants are very important in this mix because they are the watchmen for t Continue Reading...
Johnson Bank v. George Korbaken Company Johnson Bank v. George Korbakes Company Over the last several years, the role of the auditor has been continually evolving. This is because financial institutions are relying on the information they are provi Continue Reading...
However, they have also changed the face of the accounting profession in a way that will affect the education and conduct of accountants in the future. In the future, the accountant will have to do more than to balance the books. In order to underst Continue Reading...
In this segment S&W competes with Beretta from Italy, Heckler & Koch from Germany and Fabrique Nationale from Belgium. The most dominant competitor in this segment is Glock of Austria, which sold 50,000 Glock Model 19 pistols to Iraqi Securi Continue Reading...
Business Ethics Recent high profile bankruptcies in the U.S. corporate sector such as the ones filed by Enron, WorldCom, and Global Crossing in 2001 have highlighted the importance of financial ethics in business since lack of ethical practices were Continue Reading...
Enron could engage in their derivative trading strategy with no fear of government intervention because derivative trading was specifically exempted from government regulation. Due in part to a ruling by the Commodity Futures Trading Commission' Continue Reading...
Organizational Behavior Trends Increasingly two major factors are influencing corporate decisions makers. The first is a reenergized campaign for corporate ethics. The second is technology and work-related stress. This paper describes why these tren Continue Reading...
"Yet earnings estimates have acquired a life of their own and often generate more attention from the media and analysts than a company's actual financial results." (Whalen, 2003). More conservative critics of analyst conflicts rules believe that th Continue Reading...
Ethics Cable provider Adelphia was one of the major accounting scandals of the early 2000s that led to the creation of the Sarbanes-Oxley Act. A key provision of the Act was to create a stronger ethical climate in the auditing profession, a conseque Continue Reading...
There are three primary factors that influence the company's current strategic, tactical, operational and contingency planning. The first factor is the increase in competitiveness within the industry in general. The rise in private and small scale Continue Reading...
The first set of rules required in-house lawyers to report frauds to the organization's highest authorities. The second set provided exceptions to the general rule on legal confidentiality. Both sets were heatedly discussed for decades. Similar scan Continue Reading...
This leads to the inability to compare financial statements reliably with each other (Seay & Ford, 2010). A second concern is that the income statement will reflect increased volatility due to fair market writeups or writedowns. The third concer Continue Reading...
