Auditing a Publicly Traded Company Darren Bruneck, Andrew Green, Shalatikka Smith ACC/541 October 20, 2014 Christine Errico MEMORANDUM TO: Christine Errico, Manager FROM: Darren Bruneck, Andrew Green, Shalatikka Smith DATE: October 20, 2014 SUBJECT: Auditing a Publicly Traded Company The goal of any publicly traded company is to make a profit. Many factors come contribute to the equation to achieve this goal. The most important factor is compliance with the Accounting governing
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States passed in 2002. It brought the most important reform in the current public financial reporting of United States. The act was developed to reinstate the confidence of public in the public companies management after the scandals of WorldCom, Enron, and others. Sarbanes-Oxley has influenced the liabilities and responsibilities of Board of Directors, Corporate Executives, Auditors, Audit Committees, and Analysts (Advantages and Disadvantages, 2012). The strength of the act is companies have better
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University of Greenwich ASSIGNMENT SUBMISSION COVER SHEET SUBJECT CODE : ACCO 1095 SUBJECT TITLE : MANAGEMENT ACCOUNTING PROGRAMME : BA H ACCOUNTING AND FINANCE SEGi ID : SCKL-000-38656 UOG ID : 000900130 LECTURER’S NAME : MR. KANTARUBAN LEARNING CENTRE : SEGi COLLEGE KUALA LUMPUR SUBMISSION DATE : 04TH OCT 2015 Introduction The main problem is the "green accounting and green eyeshades Twenty Years Later" (Thornton, 2013). Green accounting is
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Research Paper – Enron and Ethics in Financial Reporting Table of Contents Cover Page – Page 1 Table of Contents – Page 2 Introduction – Page 3 Statement of Problem – Pages 4-5 Analysis of Problem – Pages 5-6 Conclusion – Pages 6-7 References – Page 8 Introduction A major scandal that still resonates in financial markets today was Enron’s bankruptcy. The business environment of the time included a deregulated energy market (specifically in California) that allowed Enron to inflate their
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LEIGHTON SALMON 2133 Benchmark Drive Snellville, GA 30078 Telephone: (678) 344-2309 Cell: (678) 227-9497 Email: lgsalmon@hotmail.com BACKGROUND SUMMARY Accounting and Financial professional with considerable experience in various ERP Systems. Very proficient in the GL, AP, AR, AM and eProcurement modules of PeopleSoft. Advanced skills in Financial, Accounting and business Analyses Experienced in Tier 2 support of PeopleSoft, Blackbaud Financial
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2002, passed by the United States Congress with the intention of protecting investors from fraudulent activities experienced by business entities or corporations. The enactment of the SOX Act happened at a time when various scandals such as Tyco, Enron, and WorldCom affected the confidence of investors. Indeed, the SOX Act is about regulatory measures that are essential for purposes of protecting the welfare of investors. It is important to note that the business environment in today’s world require
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Accounting Principles & General Financial Ethical Standards Mark Bullock Acc/291 11-18-2013 John H Olarte Accounting Principles & General Financial Ethical Standards [pic] “Accounting and financial professionals must abide by ethical standards that regulate what kind of business they conduct, who they serve and how they use their skills. Ethical standards are determined largely by professional accounting and finance organizations and the Financial Accounting
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This work of ACC 557 Week 3 Discussion Questions comprises: DQ 1: Explain several ethical challenges one could incur when measuring performance within an organization. DQ 2: Explain what ethical issues SOX has helped with and where improvement is still necessary. Business - Accounting ACC 557 All Discussion Questions / Week 1 to Week 11 ACC 557 Week 1 DQ1 "Improper or Illegal Methods” Please respond to the following: From the e-Activity, identify the company
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To decide what are the pros and cons of going public or stay private, first of all we have to understand what section 302 of SOX is requiring of the CEO and CFO Section 302 of SOX requires that a company's CEO and CFO be personally responsible for accurately reporting all materials in respect to their company's financial health and stability. Additionally, Section 302 states that the company's CEO and CFO certify that all of the proper "disclosure controls and procedures" are in place within the
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Legality and Ethicality of Corporate Governance Nicolle Pack ETH376 / University of Pheonix Abstract The publicly traded company, United Thermostatic Controls, is currently in the middle of an internal audit. The different divisions of the company are regionalized according to their area. The southern division has had struggled with decreasing sales and is having a hard time reaching the target set for their sales. The company pushes the different divisions to be aggressive with increasing revenue
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