Running head: THE SARBANES-OXLEY ACT: A REVIEW OF THE LITERATURE 1 The Sarbanes-Oxley Act Matthew Gurniak University of Maryland University College Author Note This paper was prepared for AMBA 630, Section 9046, taught by Professor Wylie. Introduction American investors lost confidence in the American market, as a result of several large companies falsifying financial statements. In response to this matter, Congress passed the Sarbanes-Oxley Act (SOX) in the year of 2002 (Rehbein
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Business Related Expenses and its Use by High Level Management Jorge Ormaza Ohio University Company Overview XYZ is an advertising and media company which is well known for the quality of work it provides to its customers. XYZ started its business fifteen years ago and since then it has quintuple its size. Starting with only ten employees, XYZ got in the media and advertising business by offering subservices to big media corporations. A few years after, XYZ increased its labor force and started
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the principles, values, and standards that guide behavior in the world of business" (Ferrell, Fraedrich, & Ferrell, 2013, p. 7). In simpler terms, business ethics are a collaboration of both society's ethics of right and wrong and the people who work for and have any involvement in an organization ethics. Therefore, regardless of an individual definition of ethics, it is equally important in a business environment and practicing good ethical behavior can eliminate the potential of a hostile environment
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STRATEGIC MANAGEMENT TEXAS EXECUTIVE MBA PROGRAM FALL 2011 Professor David B. Jemison CBA 3.232 Telephone 471-8757 David.Jemison@mccombs.utexas.edu Texts: Porter, Michael E. Competitive Strategy. (New York: Free Press, l998). Course Description Perspective and Themes This course is about the creation and maintenance of a long-term vision for the organization. This means that it is concerned with both the determination of strategic direction and the management of the strategic
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Organizational Leadership Business Management Professor Howard June 1, 2014 Analyze the leadership style(s) of a senior executive (CEO, CFO, COO, Director, etc.) in your current or previous organization who made a positive or negative impact on you. AT global is a development organization with numerous limbs and work places everywhere throughout the world. It
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ethics are the accepted guidelines of behavior for groups or institutions. Morals are an individual’s determination of what is right or wrong and is influenced by his or her values. A moral leader will practice good ethics. Edwin H. Locke argues that ethics is at the center of leadership because the goal of a rational leader is to merge the interests of all parties so that everyone benefits and the organization prospers. A. Five Ethical Leadership Behaviors 1. Be Honest and Trustworthy
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6/21/06 5:18 PM Page 214 CHAPTER 8 ETHICAL PROBLEMS OF ORGANIZATIONS INTRODUCTION In the third quarter of 2002, the Brookings Institution, a Washington, D.C., think tank, estimated that the corporate scandals that began with the Enron debacle in late 2000 would cost the U.S. economy $35 billion. That is the equivalent of a $10 increase per barrel of oil.1 It is, in a word, staggering. And we may not have seen the end of it. Long before Enron’s collapse, a number of business ethicists
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and indirectly, goals of white collar crime, fraud statistics and the cost factors related to white collar crime. White collar crimes and business ethics play hand in hand with one another and often cross the line with one another into criminal behavior. White collar crimes have played a very instrumental part in our downward economy over the past five years, and the level of trust given by society to corporations and employers entrusted with their life earnings has changed dramatically. My research
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market. The economy is at all-time low so the government is scrutinizing and penalizing businesses for inappropriate accounting scandals. Recent incidents of fraud have been noted in the media weekly. The new field of accountants has companies like Enron, Tyco, and WorldCom to thank for their new demand. The employees of these companies have plot, planned and manipulated the system. They have used schemes like the Ponzi schemes, embezzlement, false advertising, and Spanish prisoners. Fraud Investigators
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Corporate governance is a broad term that has to do with the manner in which the rights and responsibilities are shared among owners, managers and shareholders of a given company. In essence, the exact structure of the corporate governance will determine what rights, responsibilities, and privileges are extended to each of the corporate participants, and to what degree each participant may enjoy those rights. Generally, the foundation for any system of corporate governance will be determined by several
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