THE CENDANT CORPORATION ACCOUNTING SCANDAL BCOM21 TABLE OF CONTENTS ACKNOWLEDGEMENT ………………………………………………………… 2 INTRODUCTION …………………………………………………………………. 3 SUMMARY ……………………………………………………………………….. 4-7 COMPANY PROFILE …………………………………………………………… 8 THE OFFICERS INVOLVE …………………………………………………….. 9-15 DISCUSSION ……………………………………………………………………. 16-20 THE SETTLEMENT The settlement with Cendant ………………………………………… 21-22 The settlement with Ernst & Young ……………………………….. 23 THE BREAKUP ………………………………………………………………… 24 CONCLUSION
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Traditional Litigation Versus Alternative Dispute Resolution (in collection case) Retrieved March 26‚ 2012‚ from http://www.jdsupra.com/post/documentViewer.aspx?fid=14952ae0-8a10-4f6f-aa04-fc6fd1504df5 Sherman A.J.‚ Partner‚ Morin D.S. & Oshinsky LLP (n.d.)‚ Alternatives to Litigation Retrieved 26th March 2012 from http://www.entrepreneurship.org/en/resource-center/alternatives-to-litigation.aspx Academic Journal
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contract law. Mason‚ OH: Cengage Learning. Marshall‚ D.J.‚ & Williams‚ N.J. (2007). Blowing the whistle on accounting fraud: the Sarbanes-oxley whistleblower protections act at a glance. A White Paper for Finance Professionals. Katz‚ Marshall & Banks LLP. Retrieved on April 22‚ 2015 from http://www.cfo.com/media/pdf/SOX%20Whistleblower%20White%20Paper_KMB.pdf Stempel‚ J. (2014). Jpmorgan whistleblower gets $63.9 million in mortgage fraud deal. Retrieved on April 22‚ 2015 from http://www.reuters.co
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INTERESTS Proprietorships and Partnerships • Advantages Ease of formation Subject to few regulations No corporate income taxes • Disadvantages Difficult to raise capital Unlimited liability Limited life • Often set up through LLCs/LLPs. 1-5 © 2015 Cengage Learning. All Rights Reserved. May not be
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well as leisure and casual footwear. Nike also produces sport apparel‚ accessories and sport performance equipment for not only the SEC teams and the general public here in the US‚ but globally as well. AUDIT REPORT PriceWaterhouseCoopers LLP 1300 SW Fifth Avenue‚ Suite 3100 Portland‚ Oregon 97201 Nike will continue to perform and produce high quality sport-inspired equipment despite the fluctuating economy. While suffering in some areas they continue to do well in most. STOCK
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Ms. Hardgrove Financial Accounting 5 November 2013 Xerox’s Accounting Scandal Xerox Corporation is a multinational American document management corporation which sells and produces a wide variety of color and black-and-white printers‚ multifunction systems‚ photo copiers‚ scanners‚ fax‚ digital production printing presses‚ and related consulting services and supplies. Overall any type of printing equipment‚ more specifically office equipment. It is currently headquartered in Norwalk‚ Connecticut
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District of Hillsborough County is with the Division of Business and its associates. The Division of Business is responsible for‚ among other obligations‚ generating and presenting the Comprehensive Annual Financial Report (CAFR) for review by KPMG‚ LLP‚ and approval by the Superintendent of Schools‚ MaryEllen Elia and the School Board of Hillsborough County. If the CAFR is deemed to be correct than the District may receive an award from the Government Finance Officers Association. Population The
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The Big Four Accounting Firms Financial Accounting September 8‚ 2012 In the world of accounting four global firms take the gold. Those are considered “The Big Four”. Over the past twenty years many financial organizations have been established‚ but only the best have survived long enough to be well known across the world. Those four corporations are Deloitte & Touche‚ Pricewaterhouse Coopers‚ Ernst & Young‚ and KPMG. The biggest name in the industry however‚ is Deloitte & Touche
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Role of the Financial Manager in Maximizing Shareholder Value The overarching goal of the financial manager in a for-profit business should be the maximization of value for shareholders. However‚ managerial goals may be different from shareholders. Management will continuously attempt to control and require adequate resources to prevent the company from going out of business. In addition‚ if left to engage in their own goals rather than those of shareholders‚ financial managers will choose
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IFRS ADOPTION IN THE U.S; WHY THE POSTPONEMENT By Liu‚ Qun‚Hiltebeitel‚ Kenneth Monday‚ November 1 2010 Published on AllBusiness In November 2008‚ the SEC proposed a "Roadmap for Potential Use of Financial Statements Prepared in Accordance with International Financial Reporting Standards [IFRS] by U.S. Issuers." The SEC road map detailed a process and a set of milestones by which certain larger public companies (those with a public float of at least $700 million) in the United States would
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