unexpected events that may occur. This analysis will: (1) describe the importance of internal control programs, (2) identify effective internal control techniques, (3) illustrate the relationship between ethics and internal control techniques, and (4) describe the importance of the Sarbanes-Oxley Act. The Importance of Internal Control Programs Effective internal controls are the foundation to a safe, sound, and successful enterprise. A properly designed and GET BETTER GRADES consistently enforced
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Running Head: EMPLOYMENT-AT-WILL; MAKING ETHICAL DECISIONS WITH POTENTIAL LEGAL EFFECTS Employment-at-will: Ethical Decisions with Potential Legal Effects Rosalyn S Hicks Leg 500 Law, Ethics and Corporate Governance Professor Augustine Weekly November 2nd, 2013 As the Chief Operating Officer, it is essential that the needs of the company be examined, strategies be devised and a plan to execute these strategies be developed. Managing day to day operations of the organization requires an
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Chapter 2 THE AUDIT MARKET Revision: 11 September 2012 2.1 Learning Objectives After studying this chapter, you should be able to: 1. Distinguish between different theories of audit services including agency theory. 2. Understand drivers for audit regulation. 3. Understand the role of public oversight. 4. Distinguish between different audit firms. 5. Identify some current developments in the audit market. 6. Portray the series of industry codes of conduct and guidance 2.2 Introduction
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Business Ethics Paper #1 Instructor Cameron McLean Ashley Kello March 30 2009 The term business ethics has always held a controversial connotation. Many believe that a business trying to grow revenue and profits will have a direct conflict with remaining ethical. What is business ethics? The most important parts of business ethics are defining appropriate behavior, creating organizational values, and establishing accountability in the workplace. Ethics are also responsible for encouraging
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2/24/2010 Ethics Defined 2 BUSINESS ETHICS Dr. Truong Thi Nam Thang CFVG/Faculty of Business Management-NEU “The study of the general nature of morals and of specific moral choices; moral philosophy; and the rules or standards governing the conduct of the members of a profession†(The American Heritage Dictionary) Ordinary versus Ethical Decisions 4 Business Ethics Defined Comprises principles and standards that guide behavior in the world of business Right or wrong, acceptable
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Ethical risks and threats in the accounting profession Accounting ethics is primarily the study of moral values and judgments as they apply to accountancy. Accounting ethics were first introduced by Luca Pacioli in 1494 in his book “Summa de arithmetica, geometria, proportioni, et proportinalita”, and later expanded by government bodies, professional organizations and independent companies (Humphrey 2005). Throughout 2001 and 2002, the financial scandals in in the USA and some other countries
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Major Case Study Cendant Corporation 1 Briefly summarize the accounting techniques used by Cadent to manipulate financial results. Categorize each technique into one of Schilit’s financial shenanigans. Cendant used aggressive accounting to shift current marketing expenses to a later period by capitalizing the cost; this is shenanigan number 4. Cendant also swift future expenses to the current period and later released reserves into income. When Cendant made acquisition, it took large restricting
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CONTENT AND SKILL SPECIFICATIONS FOR THE UNIFORM CPA EXAMINATION Approved by the Board of Examiners American Institute of Certified Public Accountants May 15, 2009 Effective Date: January 1, 2011 Board of Examiners Examinations Team American Institute of Certified Public Accountants Parkway Corporate Center 1230 Parkway Avenue, Suite 311 Ewing, NJ 08628-3018 COPYRIGHT © 2009 BY AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS, INC. CONTENT SPECIFICATION OUTLINES (CSOs) The outline
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company by disclosing unethical or illegal activities to supervisors, regulators or the media in some cases. The desired result, for a whistleblower, is corrective action by the organization to restore the implementation of proper work behavior and ethics. Unfortunately, this is not always the outcome and
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John Rolph EST1: Ethical Situations in Business Task 2 Standards and Procedures 1.) Information Confidentiality: As an employee, you will be exposed to client-sensitive as well as company-sensitive information that is to be viewed only by those who have the authority or permission to do so. Such information to be considered “confidential” includes business contracts, financial information, internal correspondence, and any and all documentation (electronic or paper-based) that is not authorized
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