How long has Agel been in business? Agel Enterprises, LLC was incorporated in March of 2005. The first products shipped in May, 2005. Is there an age requirement to become an Agel team member? You must be at least 18 years of age to participate as an Agel Team Member. The color in the gels is a result of the natural color of the ingredients. We recommend that you consult with your physician before consuming multiple Agel products on the same day. All of the ingredients in the Agel products
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* The act of complying with a wish, request, or demand CORPORATE GOVERNANCE * Refers to the system by which corporations are directed and controlled. * Corporate Governance involves balancing the interest of the many stakeholders in the company. * Provides framework of attaining company’s objective. RISK MANAGEMENT * The process of identification, analysis and either acceptance or mitigation of uncertainty in investment decision-making. * Is a two-step process: (1) determining
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criminal proceedings against the CPAs and the CPA firms who find themselves as defendants. The underlying accusation of negligence finds it way back to whether CPA defendants sufficient due diligence and professional care. While the Public Company Accounting Oversight Board (PCAOB) governs the SEC registered CPA firms to ensure that they are compliant in how they execute auditing services, the American Institute of Certified Public Accountants (AICPA) strives to improve the delicate balance of acceptable
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2012, p. 179). Activities and Issues covered under SOX Many issues and activities should have been handled ethically and resolved voluntarily prior to establishing SOX. Companies should have already established audit report standards and rules to protect internal and external stakeholders. A system of principles-based accounting for compliance with the securities law is another
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to assess whether or not the going concern assumption is appropriate. An entity is obligated to include a disclosure in the footnotes of the financial statement stating if there is substantial doubt of the company to continue as a going concern. According to the Public Company Accounting Oversight Board, AU 341 describes the requirements for the auditor’s evaluation of an entity’s going concern. This standard states that an auditor’s responsibility is to evaluate if there is substantial doubt
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Betty Harper RE: Recommendations for LJB Company Nicole have reviewed the information given to me for the LJB Company and have listed my recommendations for you to share with Mr. Brown the President of LJB Company. See attached pages. 5353 Keller Avenue Suite 2013 Denver, CO 80212 303-222-7890 Requested recommendations for: LBJ Company Prepared by: Betty Harper February 9, 2013 Mr. Brown: It is my understanding that your company, LJB Company, has selected our firm to assist you with
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change across all publicly held companies and their audit firms. In fact, the most sweeping and detested part of it all was Section 404, which requires “the auditor of a public company to attest to management’s report on the effectiveness of internal control of financial reporting” (Arens, 2011). While this may not sound like much to someone unfamiliar with financial reporting, the effects were unimaginable for those who were responsible for the financial reports of a company, but a huge sigh of relief
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collapse of several major companies between 200-2004, the Sarbanes-Oxley began to rebuild the market and the ethical standards within it. The Sarbanes-Oxley brought about many other aspects besides the act itself. In turn, the Public Company Accounting Oversight Board was created, assessment of liability with auditors was enacted, new internal control procedures, and more liability for all involved. The oversight Board is responsible for monitoring public accounting companies and performs regular
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Chapter 1 Managerial Accounting and the Business Environment Lecture Notes Chapter theme: This chapter serves four main purposes. First, it explains the differences and similarities between financial and managerial accounting. Second, it describes the role of management accountants in an organization. Third, it explains the basic concepts underlying Lean Production, the Theory of Constraints (TOC), and Six Sigma. Fourth, it discusses the importance of upholding ethical standards.
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internally by a company’s accounting department and certified to be accurate by the CEO and CFO. The information contained in the financial statements is used by investors, management, creditors, and the government to make decisions. An audit from and independent firm gives these users of the financial statements a level of assurance that the information is presented fairly, in accordance with GAAP, and free from material error as well as an opinion on the internal control of the company. This assurance
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