considerations of SOX. History of SOX - the Sarbanes-Oxley Act of 2002 is legislation in response to the high profile financial scandals‚ such as seen with Enron and WorldCom. The purpose of this act is to protect shareholders and the general public from accounting errors and fraudulent business practices. The Sarbanes-Oxley Act introduced stringent new rules to protect investors by improving the accuracy and reliability of corporate disclosures made pursuant to the securities laws. Sarbanes-Oxley is not a
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* Invest in plant tooling so that the plant could be operated profitably for the next 5- 10 year period and then decide its fate. * Build a new plant to accommodate some or all of the Detroit plant products Issues Analysis Finance and accounting: Over the years as the profitable products were transferred from the Detroit plants to other newer plants which specialized in individual product lines the plant has been left with a residue of low –volume products. Due to the complexity in production
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Shambhavi Ray Crisis Memo‚ September 7‚ 2014 MEMORANDUM To: Mr. Greg Creed‚ CEO of Taco Bell From: Shambhavi Ray‚ Carey Consulting Date: September 15‚ 2000 Subject: News Release by Friends of the Earth Statement of Purpose To minimize brand damage due to the Friends of the Earth news release‚ our team believes that the recommendations listed in the following memorandum must be followed at the earliest. Background A special interest group called Friends of the Earth will be initiating
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POTUS Policy Memo Project Fall 2013 Word Count: 649 Title: The US Government violating the US Material Support Statute. MEMORANDUM To: Barack Obama‚ President of the United States From: Student Date: November 12‚ 2013 Subject: The US Government violating the US Material Support Statute. Since‚ September 1‚ 2011‚ the United States has gone to extreme measures to not only fight terrorism but prevent it too. Under federal law‚ there are now criminal
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opinion‚ why do accountants debit asset accounts to increase them but credit liability accounts to increase them? Why do accountants debit expenses to increase them but credit revenues to increase them? In my opinion the reason for this is that accounting equations must always balance and the two sides must always be equal. Each transaction has a dual
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3 Adjusting Accounts and Preparing Financial Statements QUESTIONS 1. The cash basis of accounting reports revenues when cash is received while the accrual basis reports revenues when they are earned. The cash basis reports expenses when cash is paid while the accrual basis reports expenses when they are incurred (and matched with revenues they generated). 2. The accrual basis of accounting generally provides a better indication of company performance and financial condition than does
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English 273.091 MEMORANDUM Date: 03/05/17 To: Mr. Jack Timberlake From: Madison Compass Subject: Annotated Bibliography The purpose of this memo is to explain the causes of extinction within the Red wolf population and the Black bear population. The topics chosen explain how this issue came about‚ what factors created‚ and provided some solutions on how to prevent it and keep these endangered species’ population thriving. There were several ways the black bear and red
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Self-assessment Memo Chosen leader: Oprah Winfrey Table of contents: 1.1 Self-assessment of presentation 2.1 Feedback from the group 3.1 Analysis of the presentation 3.1.2 The task 3.1.3 Nonverbal aspects 3.1.4 Verbal aspects 4.1 Personal
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ĐỀ THI KIỂM TRA GIỮA KỲ Môn học: KẾ TOÁN QUẢN TRỊ (Managerial Accounting) Lớp: KT302DV01‚ HK10.1 Thời lượng: 6 0 phút (Không kể thời gian phát đề) Không được tham khảo tài liệu‚ Chỉ được sử dụng từ điển Anh – Việt‚ không sử dụng Kim từ điển Sinh viên làm bài trên đề thi Đề thi gồm 07 trang Họ tên sinh viên: …………………………………………………. Chữ ký và họ tên cán bộ coi thi 1 Chữ ký và họ tên cán bộ coi thi 2 Đ iểm thi Bằng số Đ iểm thi b ằng chữ ………………………………………………… MSSV: ………………………………………
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Question 1 The ethical guidelines which accountants are obliged to follow in the conduct of their work are made to combat criticism and gain credibility by preventing fraudulent accounting. Accountants ought to be able to maintain impartiality and independence to create a clear‚ credible and unbiased audit. Hence‚ the ethical principles are considered important. This is because the work of accountants requires a high level of ethics since the financial statements prepared and verified by auditors
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