Bubba Tech, inc (BTI) [Study Case] QUESTION 1 Based on the limited facts of this case, prepare a list of the operational issues to present the top management at BTI. Include in your list any corporate governance issues of importance in relation to the management of BTI after it becomes a public company and any issues related to the relationship between BTI and Randy Burnham & Co. ANSWER: Referring to the case of Bubba Tech, Inc. (BTI), there are several operational issues to be presented to
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1. The primary purpose of the balanced scorecard is to set goals for a well-rounded organizational performance. While financial measures are important in analyzing performance, they do not provide any insight into non-quantifiable measures that can be equally important in performance assessment. According to Jerold Zimmerman (2014), “The balanced scorecard is designed to identify Key Performance Indicators used to focus employees towards those actions required to implement the firm’s strategy.”
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is a case study analysis of a current legal case regarding the governance principles of regulatory compliance and the methods used to manage risk arising. The briefing of this case will utilize the IRAC method of case analysis to give a breakdown on the case of JP Morgan Chase on regulatory violations and risk management. The IRAC method will address I - Issue, R - Rule, A - Analysis, and C - Conclusion which will provide a researched assessment of the trading loss violations on this case. Please
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SMT 320 Case Study #1 Kristian Lauren R. Martin November 6, 2011 Case Study #1 Building the Foundation – Security Assessments As the security manager of a major corporation tasked with creating the initial security assessment and auditing program for the company, the first step in developing proposals for the security services would be conducting a comprehensive survey (policies, procedures and operations) of the entire facility to identify the critical factors affecting the security of the
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Recognizing and Minimizing Tort and Regulatory Risk Plan Law 531 Charles Cook January 24, 2011 Recognizing and Minimizing Tort and Regulatory Risk Plan For organizations to avoid detrimental situations that can create excessive loss for the business, it is imperative for them to Recognize and minimize the risks associated with torts. According to Henery Cheeseman, 2010, “Tort law imposes a duty on persons and business agents not to intentionally or negligently injure others in society”(Cheeseman
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Dianne O’Neill Econ. 311 Case Study- Countrywide Financial September 21, 2013 Countrywide Financial was the largest provider of home loans in the United States by the early 2000’s. It was cofounded by Angelo Mozilo in 1969. Countrywide was the primary provider of home loans to minorities in the US and had lowered the barriers of homeownership for lower income families. In 2003 the company launched a campaign designed to provide $1 trillion in home loans to low income and minority borrowers
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economy. Due to the increase in corporate scandals the government issued new, stricter regulations in 2002. Majority of accounting firms within the AICPA stated that their need for forensic accountants surged following the rise of financial statement fraud. Forensic accounting involves a combination of accounting, auditing and investigating. There are some important skills that individuals going out for this position should have and the due diligence in this position is crucial. If pursuing the career
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the corporate responsibilities of Chief Executive Officer(CEO) and Chief Financial Officer(CFO), the proper disclosure of financial statements, the conflict of interest between the parties involved, criminal fraud accountability of those involved, and the imposition of the penalty in case of violations. The Public Accounting oversight Board (PAOB) was then created to enforce all the issues identified under the above act (Jennings, 2012). This legislation was imposed on employees of public companies
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There are numerous threats to auditor independence. Derived from Porter, Et Al (2014) - Firstly, Self-interest threat which are dangers that emerge from auditors acting to their own interest. Auditors may support, intentionally or intuitively, those self-intrigues over their enthusiasm for performing a quality review. The auditors’ relationship with bluebird limited creates a financial self-interest because they pay the auditors’ fees. Auditors also have a financial self-interest if they own stock
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financial reporting of public companies. Among other changes, SOX's sweeping reforms required that a company strengthen auditor independence; have its chief executives sign off on the financial statements; obtain an opinion about its internal control systems; and have an internal audit function that is examined by external auditors” (Grumet, 2007). Part A Audit Committees The Sarbanes-Oxley Act affects audit committees of public company boards of directors. The committee of the board of directors
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