officials, and to adhere to high ethical, moral and legal standards of business conduct. This policy includes strict compliance with all local, state, federal, foreign and other applicable laws, rules and regulations. If you have any questions concerning government relations, contact the Company’s Legal Department at Complianceandethics@infosys.com. | GSK employees must ensure that dealings with Government Officials are carried out according to the highest standards of integrity required for all GSK
Words: 12565 - Pages: 51
governance. The eight core principles that the ASX Corporate Governance Council believes underlie good corporate governance. 1. Lay solid foundation for management and oversight-Fundamental to any corporate governance structure is establishing the roles of senior executives and the board. 2. Structure the board to add value-with a balance of skills, experience and independence on the board appropriate to the nature and extent of company operations. 3. Promote ethical and responsible decision-making-There
Words: 3384 - Pages: 14
earnings, but unfortunately, most of the deal made by their traders were at lost. Another issue is the global interest rates and financial inflation that is innate to the trading industry. Since the management assures to the investor of good returns, yet the business is suffering major loss, management was pressured to deliver high profits by manipulating its financial statements. 2. a. The Board of Directors is responsible for overseeing the overall governance of the organization. They are responsible
Words: 945 - Pages: 4
Perspectives on Accounting Education Volume 3, 2006, 27-48 ENRON AND ARTHUR ANDERSEN: THE CASE OF THE CROOKED E AND THE FALLEN A Gary M. Cunningham Visiting Professor Department of Business Administration Åbo Akademi University Turku, Finland Jean E. Harris Accounting Department Pennsylvania State University, Harrisburg Campus School of Business Administration Middletown, Pennsylvania USA ABSTRACT Outside the US, the failures of Enron and Arthur Andersen remain puzzles. How could the accounting and audit
Words: 9861 - Pages: 40
Perspectives on Accounting Education Volume 3, 2006, 27-48 ENRON AND ARTHUR ANDERSEN: THE CASE OF THE CROOKED E AND THE FALLEN A Gary M. Cunningham Visiting Professor Department of Business Administration Åbo Akademi University Turku, Finland Jean E. Harris Accounting Department Pennsylvania State University, Harrisburg Campus School of Business Administration Middletown, Pennsylvania USA ABSTRACT Outside the US, the failures of Enron and Arthur Andersen remain puzzles. How could the accounting and audit
Words: 9861 - Pages: 40
Different accounting theories will provide alternative explanations about why an entity might decide to report social and environmental information. Positive accounting theory tries to make good prediction of real world events and translate them to accounting transactions, while normative theories tend to recommend what should be done. Positive theories try to explain and predict actions such as which accounting policies firms will choose and how firms will react to newly proposed accounting standards
Words: 1441 - Pages: 6
confidence" on the part of the public in the accounting profession. Lists the parties who you believe are most responsible for the crisis. Briefly justify each of your choices. The debacle of Enron, a US firm is looked upon as the worst debacle and fall out in the history of US bankruptcy filed cases. There are many parties involved when it concern to Enron debacle, which was accorded to accounting instability and the compromising factor of accounting profession itself. Out of the many parties in
Words: 2622 - Pages: 11
services in which the public accounting firm issues a written communication that express a conclusion about the liability of a written assertion of another party. * Three categories of Attestation services: a. Audit historical financial statements A form of attestation services in which the auditor issues a written report expressing an opinion about whether the financial statement are in material conformity which accounting standard. b. Review of financial statement: A type of attestation
Words: 6029 - Pages: 25
Introducing … Accounting Accounting Financial Accounting Accounting Analysis Generating Financial information Using the Financial information Recording, Classifying & Summarising Used for Reporting Analyze, Interpret & Communicate Provides Information for Planning & Control Audience: Internal (Managers, Employees & Owners) and External (Investors, Government Bodies, Society, Customers, etc) ( , , y, , ) FAM 3e @RamKakani 2 Financial Accounting – Evolution
Words: 1963 - Pages: 8
.................................................................... 3 APPLICATION OF THE RULES OF PROFESSIONAL CONDUCT ................................... 8 INTERPRETATION OF THE RULES OF PROFESSIONAL CONDUCT ...........................11 100 - GENERAL .................................................................................................................12 101 Compliance with Bylaws, Regulations and Rules ........................................12 102.1 Conviction of Criminal or Similar
Words: 18724 - Pages: 75
