ASSIGNMENT 1 IMPACT OF THE SARBANES-OXLEY ACT (SOX) Submit to: Outline three (3) ways in which your medium-sized private company may benefit from going public‚ providing a rationale for each. Supporters of companies going public suggest that gaining additional capital is one of the benefits medium sized companies gain by going public. The rationale for going public is to float the shares of the company through the stock market by starting an initial public offer
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it comes to implementing the ethical decision making model‚ we first have to identify the problem and determine what type of issue this is ethical‚ legal‚ or clinical or can it be a combination of more than one? If there is legal advice required‚ it is best to seek advice from legal counsel before making a determination. Secondly‚ the counselor must consider any state or professional Codes of Ethics that could help in the decision making process. In this case it is best to analyze the situation carefully
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Evaluate 7.1 Group Wiki: Case Study No. 3: “Decision-Making Culture: The Case of Google” Read and review Case Study 11.1 “Decision-Making Culture: The Case of Google” in Organizational Behavior. You will use your group Wiki to conduct your analysis of this case study. In your analysis begin by considering Google’s decision making culture. What type of decision making approach does Google use? What factors have led to this approach? Will Google’s approach to decision making have positive or negative
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SOX versus the Brooke Corporation April Mallari Accounting/291 February 2‚ 2012 Joseph Ori * The purpose of this article analysis is to identify situations that may lead to unethical practices and behavior in accounting. Brooke Corporation and founder Robert Orr are an example of how Sarbanes Oxley (SOX) laws have not been as effective as most want to believe as based on the article‚ “Eight Years after the Fact is SOX working? A Look at the Brooke Corporation” by Beth Hazels. Brooke Corporation
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and entrepreneurs‚ creating fear and confusion‚ and discouraging risk-taking and corporate growth.” (Mishra‚ 2011) SOX Act has made it more cost effective and low risk for businesses by outsourcing and layoffs. Companies used to spend three to four days at meetings to decide how to save and their companies strategic plans. After 2002 they now go over the requirements of the SOX compliance requirements. “Sarbanes-Oxley was enacted as a regulatory response to corporate scandals a decade ago for
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Case 4: Boston Creamery Introduction A new financial planning and control system is only as good as a company’s capacity to implement it effectively. But most importantly‚ many employees see the new system as an end in itself‚ instead of a means to an end. The way standards are formulated play a crucial role in the results of these variances. For instance‚ management decided to use the sales forecasts based on what they made and incurred in the previous year. This would normally be the case
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there will still be costs each year associated with the external audits that are required to be performed in order to ensure compliance. Additionally there companies‚ and I worked for one that did not have an internal audit department. After the SOX act was passed‚ companies needed to have the department to be
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Case study 2 19 marks (Red Bull) Question 1 Discuss 2 red bull greatest strength and 2 risks? Pros and cons Although Red Bull is a fairly young brand‚ it is currently the worldwide market leader in energy drinks. Today‚ Red Bull sells more than 4 billion cans of energy drinks each year in more than 160 countries. Red Bull’s success over the past 20 years can be attributed to the company’s ability to highlight its strengths and minimize its weakness Strengths 1. Red Bull’s marketing strategy Red
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Albert DeSalvo was not the Boston Strangler. The Boston Strangler was a serial killer who sexually assaulted and killed thirteen women in Boston from 1962 to 1964. The search for the Strangler did not yield a strong suspect until 1964‚ when Albert DeSalvo‚ a patient of the Bridgewater State Mental Hospital‚ confessed to the crimes. Albert DeSalvo’s confession and detailed descriptions of the crimes led to further investigation into whether or not he was‚ in fact‚ the Boston Strangler. DeSalvo had sexually
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Boston Chicken Case 1. - Assess Boston Chicken’s business strategy. What are its critical success factors and risks? Boston Chicken’s business strategy comes from a different franchising structure in which BC‚ instead of selling store franchises to multiple franchisees‚ sells franchises to 22 regional area developers across the 60 largest U.S. metropolitan markets. This 22 are developers are committed to open 50 - 100 other stores. Therefore‚ its strategy is focused in rapid growth and reaching
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