Emerging issues in Accounting Below is the list of some of the emerging issues we have seen recently. These emerging issues have raised many questions on the functioning of accounting around the globe. Continuing demand for skilled professionals Globalization and International Financial Reporting Standards (IFRS) The accountant and Corporate scandals. The call for Auditor rotation. Need for Global Code of ethics Technology advances We will discuss one of the emerging issues in details. We will
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Module Two: Ponzi Scheme Case Study Module two focuses on some of the theoretical approaches that criminologists use to help explain financial crimes occur (as well as crime in general). The module also focuses on Ponzi schemes. Your Task: Hypothetically‚ the bank of Canada has approached you to write a case study focusing on the crimes of Earl Jones that they can distribute to their financial advisors in order to inform them about Ponzi schemes. Your case study should address the following
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The 10 Worst Corporate Accounting Scandals of All Time If there is one theme to rival terrorism for defining the last decade-and-a-half‚ it would have to be corporate greed and malfeasance. Many of the biggest corporate accounting scandals in history happened during that time. Here’s a chronological look back at some of the worst examples. Waste Management Scandal (1998) Company: Houston-based publicly traded waste management company What happened: Reported $1.7 billion in fake earnings. Main players:
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Respiratory System Powerpoint — Presentation Transcript * 1. The Respiratory System By:Sydney Wright‚ Constance Nevels‚ Fatimah Austin and Carol Clay * 2. Primary Function of Respiratory System The respiratory system supplies the blood with oxygen so that the blood can deliver oxygen to all parts of the body. And also removes carbon dioxide waste that cells produce. * 3. * 4. * 5. * 6. * 7. * 8. * 9. Respiratory System Structure Nasal Cavity: Passes
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interesting point you have found. Research into Scandals Choose one of the following corporate scandals. I have given one link to an overview article for each example. You are also required carry out your own research. • Bernard L. Madoff Investment Securities LLC: http://www.nytimes.com/2009/01/25/business/25bernie.html • Fortex Limited http://search.ebscohost.com./login.aspx?direct=true&db=anh&AN=DOM9603141031-FORTE1-FE&site=ehost-live The ANZ Rference Centre and Newztext
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one interesting point you have found. Research into Scandals Choose one of the following corporate scandals. I have given one link to an overview article for each example. You are also required carry out your own research. • Bernard L. Madoff Investment Securities LLC: http://www.nytimes.com/2009/01/25/business/25bernie.html • Fortex Limited http://www.knowledge-basket.co.nz.ezproxy.auckland.ac.nz/search/doc_view.php?d1=ffx95-03/text/1996/03/03/doc03443.html (This article‚ “Model
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4. Martha Stewart’s Lost Reputation Discussion of ethical issues 1. What was the basis of Martha Stewart’s reputation? 2. Why did MSO’s stock price decline due to Martha Stewart’s loss of reputation? 3. Who is Martha Stewart’s target market? 4. What qualities were associated with the Martha Stewart brand‚ before the controversy? Which of these were affected by the accusations of insider trading‚ and how? How would you find out for sure? 5. What level of sales and profits would MSO have
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the whole society and the whole business world can have the good consciousness and ethical environment‚ the legislation may not so important. Q.4. In each case discussed at some length in this chapter – Enron‚ Arthur Andersen‚ WorldCom‚ and Bernie Madoff – the problems were known to whistle-blowers. Should those whistle-blowers each have made more effort to be heard? How? In each of the case‚ there are whistle-blowers. For example‚ Carl Bass was a whistle-blower to Arthur Andersen. After ignoring
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An inquiry paper‚ what in the world is that? That was the exact thought that went through my mind when my teacher introduced the type of paper I had to do. An inquiry paper sounded like a business plan where I had to make a PowerPoint into a ten-page essay. I remember clearly thinking that ten pages of insanity will most definitely kill me‚ or at least leave me half dead. Maybe I will even develop a phobia of writing. It is even worst that research comes with it too. I had no idea what my central
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In her 1964 book Virtue of Selfishness‚ Ayn Rand mentioned that her ideal form of capitalism is one which is “a full‚ pure‚ uncontrolled‚ unregulated laissez-faire capitalism—with a separation of state and economics.” Indeed‚ this Objectivism viewpoint has been used by many conservative policy makers‚ such as Malcolm Fraiser ‚ the former Prime Minister of Australia‚ and esteemed economists such as Alan Greenspan and Martin Anderson to craft policies that reduces the intervention of the government
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