350- to 700-word summary of your discussion. Click the Assignment Files tab to submit your assignment. Team A, You did a great job on the team paper! I like how you stated what caused the downfall and what the company should have done to fix the issue. You received a 4/4 Thank you, Robert Summary of A Sad Tale This paper summarizes “A Sad Tale: The Demise of Arthur Andersen,” a consulting firm once known for its strong ethics, that was eventually destroyed by unethical practices. A discussion
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very important evaluator of company he reviews and examines financial reports and his report is an important input for taking important decision , hence he needs to be ethical so that company can take true and fair decision . Auditor play a vital role in effecting corporate governance . Role of auditor : In financial accounting, an audit is categorized by the independent assessment of the justice by which a company's financial statements are prepared and presented to and by its management. This
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achievement of E/R ratio. However, the industry began to deteriorate in 2000 due to economic recession and other reasons, such as overcapacity and heightened competition. Despite the falling in revenue, the management of WorldCom tend to manipulate the accounting entries by accrual releases and capitalization of line cost in order to achieve the targeted performance. The scheme lowered line costs (the company’s largest single expense) by capitalizing them as “prepaid capacity” and reversing allowances without
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Kehbila Lima Issues in Accounting Research Prof. Allen J. Rubenfield Paper 2 The Jane, CPA Dilemma Independence is perhaps one of the most important attributes of the public accountant. Before pursuing a course of action to resolve ethical dilemmas, a CPA may want to consult with legal counsel, applicable professional bodies, and appropriate firm or employer personnel. The AICPA[1] provides
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Forensic Accounting in Practice: Forensic Accountants: Fraud Busters A forensic accountant is part investigator, part auditor, part attorney, and part accountant (Levanti, T.). Due to the increase in high-profile cases of companies and individuals, forensic accounting is a growing and popular field in the business and forensic subjects. A forensic accountant is someone who is often retained to analyze, interpret, summarize, interviews and present complex financial and business related issues in a manner
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# 185216-356377-150419 Certificate of Completion This is to certify that Whitney Taylor has completed the course/exam MKTG205 Principles of Marketing on with 19th April 2015 American InterContinental University Topics Accounting 3 correct out of 10 30% Business Ethics 3 correct out of 10 30% Economics / Macroconomics 3 correct out of 5 60% Economics / Microeconomics 2 correct out of 5 40% Legal Environment of Business 7 correct out of
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crisis of 2007-2010. The purpose of SOX was to prevent and detect fraud in financial statement reporting, increase corporate transparency and accountability, as well as restoring the public’s confidence in the stock market. Has SOX had an impact on ethical financial
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Forensic Accounting Prof. Steffel May 23, 2013 The Forensic Accountant What is a forensic accountant? There are many attributes that are needed to be a forensic accountant. Bolgna and Linquist (1995) defined forensic accounting as the application of financial skills and an investigative mentality to unresolved issues, conducted within the context of the
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Questions: ETHICAL ISSUES Q1. How serious were Stephen Richards’ actions? If Computer Associates achieved the same financial results within “allowed accounting flexibility”, will this change your answer? Q2. Richards describes how difficult it is to operate in the “gray areas of accounting” and wanted more guidance from senior management. Do you agree or disagree with him? If you were placed in the same position as Richards, how would you handle the situation? What are the options that you
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------------------------------------------------- Course OutlineDepartment of Accounting and FinanceSchool of Business and Economics | ACCT 4250-01 Advanced Management Accounting (3,0,0) MWF 1:30-2:20 PM A&E 208 Instructor: Dr. Laura Jean Kreissl Office: IB 2060 Office Hours: please check office door Email: lkreissl@tru.ca Email is strongly recommended over voicemail as it is checked more frequently Phone/Voice Mail: 250-852-7675 Last Updated: November30, 2015 Calendar
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