How to address principal / Agent problem in government Introduction In the Nigerian public sector is eminent that agents being the civil servants do not buy in to the principals (government) goals and objective despite the ever increasing demand for performance and accountability in the public sector. This assignment seeks to address the principal agent problem in the Nigerian government. To address the principal agent problem in government, the core is a total organizational culture change
Words: 454 - Pages: 2
PA 584 Final Exam Intergovernmental Management Keller 100% Correct PLEASE DOWNLOAD HERE! http://www.studentswithsolutions.com/VIEW-TUTORIAL.ASPX?TUTORIALID=7273 1. (TCO A) Explain briefly why a governmental agency may have many different stakeholders. (Points : 15) 2. (TCO B) Explain the basics of the theory of dual federalism and the importance of the Supreme Court case of McCulloch v. Maryland to that theory. (Points : 15) 3. (TCO C) The 50 states within the United States of America
Words: 673 - Pages: 3
PA 584 Final Exam Intergovernmental Management Keller 100% Correct PLEASE DOWNLOAD HERE! http://www.studentswithsolutions.com/VIEW-TUTORIAL.ASPX?TUTORIALID=7273 1. (TCO A) Explain briefly why a governmental agency may have many different stakeholders. (Points : 15) 2. (TCO B) Explain the basics of the theory of dual federalism and the importance of the Supreme Court case of McCulloch v. Maryland to that theory. (Points : 15) 3. (TCO C) The 50 states within the United States of America
Words: 673 - Pages: 3
Shared-Based Payment Reporting and Special Purpose Entities (SPE) CC: Team members ______________________________________________________________________________ As an Accounting Firm it is very important that we follow the most recently changed or amended regulations and standards set by the Financial Accounting Standards Board (FASB). As of 2009 the Financial Accounting Standards Board (FASB) has made amendments to Shared-Based Payment Reporting and Special Purpose Entities. The amendments made were
Words: 936 - Pages: 4
statements the same way corporations report special purpose entities. In other words they can report business type enterprises as SPI’s and not report the funds in fund statements. Public colleges and university must follow GASB pronouncements like other governmental institutions. They are allowed to follow the same reporting requirements as other special-purpose governments with a loophole that requires a choice in reporting. They can report as a special-purpose entity engaging in business-type activities
Words: 646 - Pages: 3
bankruptcy by November 2001. A rescue attempt was made by a smaller energy’ Dyengy, but was not practical. After Enron’s huge financial plunge, information was revealed that much of the profits and revenue were the results of deals with special purpose entities. People of authority decided to lie on the statement which overtime this small lie turned out to be a multi-billion dollar crumble. Billions of dollars of investors money was taken as the company fell to nothing. In this case Anthony Anderson
Words: 321 - Pages: 2
Special purpose vehicle (SPV) is a legal entity – one of the financial structures, which is formed solely for a narrow, single, particular and specific purpose. Subsidiary might be a special form of SPV that exists before SPV, can stop liability, and have freedom of actions to do business like Philip Morris. Though, the difference between SPV and subsidiary is the full function in controlling the business. Subsidiary has completely full function while SPV does not do full range of business. In general
Words: 371 - Pages: 2
Auditing a Publicly Traded Company SUBJECT: Share-based Payment Reporting and Special Purpose Entities The current audit of a publicly traded company involves the evaluation of both share-based payment arrangements and special purpose entity reporting. This memo explains the reporting requirements for share-based payment transactions and special purpose entities and discusses how these requirements relate to the auditing process. Share-based payment reporting: Financial Accounting Standards
Words: 1228 - Pages: 5
There are many questions out their about accountability and it's role in the field of government. Kettl defines accountability in a basic sense of some people and their actions and who they are to answer to for their actions (pg.8). Moreover, this relates to the government that they are to be accountable for actions by the citizens they serve. Accountability is important for the government at all levels because it helps us the citizen know that the government is putting our best intests and is governing
Words: 303 - Pages: 2
In Focus: The Enron Scandal This corporation was identified by Fortune Magazine as America’s Most Innovative Company 1996 to 2001 (Lindstrom par. 1). It was garnered as the 7th largest company on the Fortune 500 list in the US in 2000 and it placed sixth in the largest energy company in the world in 2000 (“Enron Corporation” par. 6). Who does not know the Enron Corporation, a giant in the commerce of energy? But among all these prestigious titles, there is another that the Enron Corporation
Words: 689 - Pages: 3
