Dear Sir, Thank you for taking the time to meet with me today and discuss your concerns with internal controls and security. Going public is a big step in the development of a corporation, and you will come under great scrutiny as to your security principles and internal control mechanisms. My colleague has informed me of several examples of how your business operates and I have prepared a few remarks and recommendations for you to address before going public. Before I delve into the heart
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------------------------------------------------- EXPLORING THE PRINCIPLES FOR INCREASING INTEGRITY, OBJECTIVITY IN EXTERNAL AUDITS. Authors: Dosch, Robert J. rdosch@business.und.edu Haskins, James P. jhaskins@business.und.edu O'Keefe, Timothy P. tim.okeefe@business.und.edu Source: Information Management Journal. May/Jun2013, Vol. 47 Issue 3, p32-36. 5p. Document Type: Article Subject Terms: *RECORDS management *FINANCIAL statements *AUDITING *DATA integrity *AUDITING standards *BUSINESS
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Congratulation LBJ Company on your decision to go public; this decision increases your company’s opportunities to raise capital for financing business plans, capital expenditures, and growth. To ensure that corporations and employees conduct business securely and ethically, and to restore public confidence and trust in the financial statements of companies whose stock is traded on public exchanges; the Public Company Accounting Reform and Investor Protection Act of 2002 (SOX) was passed. This document
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” which is defined by Allen Westine suggesting it is considered as an individual’s right to control personal information(3). Privacy, confidentiality and security are three interwoven concepts concerning personal information. Privacy refers to determination of the authorized collection and storage of personal information, meanwhile, confidentiality indicate how organizational information may be collected or re-used and also explicate required conditions
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have enabled people to exchange information irrespective of where the person is located. Despite its advantages, social media may negatively affect healthcare because the healthcare providers are supposed to maintain confidentiality on patient’s personal information and medical history. The healthcare providers are supposed to comply with HIPAA privacy and security rule while using social media in order to evade lawsuits as a result of disclosing patient’s information on social media platforms. Based
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Issues in the Information Age Teaching Objectives Students should be able to answer the following questions: 1. What ethical, social, and political issues are raised by information systems? 2. Are there specific principles for conduct that can be used to guide decisions about ethical dilemmas? 3. Why does contemporary information technology pose challenges to the protection for individual privacy and intellectual property? 4. How have information systems affected everyday
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1. What are the four parts of the administrative simplification requirements of HIPAA? • Electronic transactions and code sets standards requirements • Privacy requirements • Security requirements • National identifier requirements 2. Name 3 factors used to determine whether you need to comply with HIPAA. a. Whether the health plan is self-insured or fully insured b. Whether the plan sponsor receives PHI or SHI c. How the plan sponsor utilizes SHI. 3. What are the three categories
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accounting principles (GAAP) to revenue recognition in the financial statements (Securities and Exchange, 1999). Specifically AIA 2-3 relates SAB 101 to Wal-Mart stores and its recognition of revenues due to layaway contracts. Before the issuance of SAB 101, Wal-Mart was recording the revenue from layaway contracts and membership fees at the point of sale and time of receipt, respectively. SAB 101 caused retailers such as Wal-Mart to adhere more closely to basic accounting principles while recording
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discussion hereafter will assess the role of ethics in the financial department and describe the procedures the company has to encourage ethical behavior. Next, explain the role financial markets in the United States. Followed by how Lowe’s complies with Securities and Exchange Commission (SEC) regulations. Lastly, provide an evaluation of the company’s financial performance last two annual periods, followed by the calculations of ratios for each year. The ratios include current, debt, return on equity, and
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Efficient Securities Markets and International Financial Reporting Standards Efficient Securities Markets and International Financial Reporting Standards Introduction As of January 2011 Canada’s publicly accountable enterprises (PAEs) will have to adopt International Financial Reporting Standards (IFRS) as their accounting framework under which financial statements are prepared. This means the accounting standards Canada had been using generally accepted accounting principles (GAAP)
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