From the e-Activity‚ recommend how the SOX framework can ensure reliable and complete financial information and how accounting professionals have benefitted from its use. Provide support for your response. The Sarbanes-Oxley Act of 2002 (often shortened to SOX) is legislation enacted in response to the high-profile Enron and WorldCom financial scandals to protect shareholders and the general public from accounting errors and fraudulent practices in the enterprise. The act is administered by the
Premium Enron Corporate governance Auditing
What are the elements of a crime? There are four elements of crime: 1. Intent 2. Conduct 3. Concurrence a. Temporal Concurrence b. Motivational Concurrence 4. Causation What are some examples of crimes that do not require scienter? According to TheFreeDictionary (2008)‚ “Scienter is knowledge by a defendant that his/her acts were illegal or his/her statements were lies and thus fraudulent” (para. 1). An example is an armed robbery or murder by a suspect who premeditates
Premium Crimes Criminal law Fraud
DQ 1 What would be the effect of removing either the Matching Principle or the Revenue Recognition Principle from the process? Use a concrete example of how doing so might affect accounting in a given period. From experience of handling financial records for various companies’‚ from start-ups to million dollar small business‚ I’ve found that removing these processes can lead to disaster. By eliminating them you are saving more work to do later‚ it doesn’t matter if it’s the end of the year
Premium
Team B – Week 3 Reflections ECO/365 – Week 3 Team B – Reflections This week was very informative and interesting for me‚ I have learned a lot from this week. This week has helped me in comparing various market structures and their characteristic‚ along with evaluating the effectiveness of competitive strategies within market structures. Furthermore‚ this week has helped me in determining profit-maximizing strategies based on market structure analysis. Some of the
Premium Economics Monopoly Oligopoly
Week 3 Assignment Daniel Farella HUM/115 10/13/2014 Allison Mintz-Goldstein Week 3 Assignment The 2 articles I had chosen are on Blackfish and Sea World. The first title is called SeaWorld Questions Ethics of ‘Blackfish’ Investigator. I always thought that there was no doubt in my mind that Sea World was a good place that was until the movie Blackfish came out. This first article is about questioning the ethics that the investigator used to gain his insight on the killer whales that he used
Premium English-language films Critical thinking Marine mammal park
Romina Ivanova Class: 3A Student Number: 12093696 Week: 3 How do the process strategies of eBay and McDonald’s differ‚ and how do their choices relate to customer- introduced variability? The process strategy of McDonald’s involves high customer contact‚ because there is face-to face contact with the customers. In the same time‚ the products which McDonald’s offers are standardized‚ the customization level is low. On the other hand eBay has low customer contact‚ because eBay just enter in the system
Free Mathematics Distance Manufacturing
BUS630 WEEK 1 Ashford University MANAGERIAL ACCOUNTING: This week students will: 1. Explain the primary ethical responsibilities of the management accountant. 2. Illustrate the key principles of managerial accounting including cost concepts. 3. Distinguish between the behavior of variable and fixed cost. 4. Explain the significance of cost behavior to decision making and control. 5. Determine the necessary sales in unit and dollars to break-even or attain desired profit
Premium Management accounting Costs Variable cost
ACCT2522 Management Accounting 1 Session 1‚ 2013 Tutorial Week 3 – Cost basics Overall Theme We will explore fundamental assumptions of cost functions and discuss the relationships between cost behaviour‚ cost estimation and cost prediction. The concept of cost driver analysis and its application to cost estimation and cost management will also be discussed. We will also describe how to estimate cost behaviour using managerial judgment‚ engineering methods and other quantitative techniques.
Premium Costs Management accounting Variable cost
ANOVA Article Critique Yolonda “Loni” Mann PSY 325 Instructor Lutricia Jones December 22‚ 2014 Autism Spectrum Disorder is a diagnoses for individual with a group of complex disorders of brain development. This disorder is characterized in varying degrees‚ by difficulties in social interaction‚ verbal and nonverbal communication and repetitive behaviors. The U.S. Centers for Disease Control and Prevention reports that 1 in 68 children are diagnosed as being on the spectrum‚ with boys being
Premium Statistics Psychology Attention-deficit hyperactivity disorder
NETW410 Week 3 Lab Report To complete the Week 3 Lab Report‚ answer the questions below concerning the Network Design Lab Scenario linked from Step 2 of the iLab page. Please use the template starting on Page 2 and submit it to the Week 3 iLab Dropbox by the due date. Have fun while learning.Nishan Bhatt NETW410‚ Professor Brehart 1/23/2015 Lab 3: Designing the Infrastructure for the Network Lab Report 1. Draw a diagram of the new network. (10 points) 2. Will the current horizontal cabling
Premium Twisted pair Optical fiber Cable