AccountMate Project 1. Current environment and associated problem a. The scanning industry has exploded in recent years b. Administrative and accounting duties are becoming overwhelming for staff c. Cash flows are becoming a huge problem 2. Projected company growth and resulting workload a. 10 year small business is expanding at a rapid rate b. Currently experiencing an annual 40% growth rate c. Billing‚ invoicing‚ customer collections‚ accounting payable are behind
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Objective - A challenging career opportunity in a well-established & reputable private multinational company where my skills and capabilities are fully utilized. Education - Graduated from Faculty of Commerce – English Section -Aim Shams University - Major Accounting - May 1999-Average Grade (GOOD). - General Certificate of Secondary Education (Thanawia Amma) from Yehia Al Rafaei Language School‚ 1995. Experience (Current Occupation: Financial Controller
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Sarbanes Oxley Paper The Sarbanes-Oxley (SOX) act was passed into law in 2002. It was created in response to major financial scandals that largely shook the public’s confidence in corporate accounting practices. It was a significant response to improper record handling techniques. Under the law‚ corporate managers must assess whether they have sufficient safeguards to catch fraud and bookkeeping errors. There are consequences for not complying with the provisions of the act and there are certainly
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Case Study Two Name Accounting and Finance 02Feb2011 Dear President of LJB Company‚ (1) If the LJB Company should decide to become a publicly traded company‚ a few internal controls should be implemented to comply with the Sarbanes-Oxley Act (SOX). * Management will need to provide periodic quarterly reports to evaluate the effectiveness and reliability of LJB’s internal controls over financial reporting procedures. * Management should certify the accuracy and fairness of presentation
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Blackboard. Software used in the course‚ SAP and Smartdraw‚ will be free for use. Course Description The course examines organizational business processes and the information technology (IT) systems that enable these processes. Since the Sarbanes-Oxley act‚ US-based companies have increasingly focused on the effective management of their financial and accounting business processes along with the information related to these processes. This course focuses on studying and documenting these processes
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22‚ 2013 Christine Errico Justification for an Internal Control System Over the past years many organizations have fallen because of inadequate financial reporting and ineffective controls. To overcome this dilemma‚ the creation of the Sarbanes Oxley Act (SOX) of 2002 requires corporations to take full control over its financial reporting and accounting by placing internal controls within its organization. Internal controls not only establish the foundation of reasonable assurance for meeting
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The Sarbanes-Oxley Act of 2002 (SOX) was a direct output of the financial statement fraud that sank industry giants such as Enron and Worldcom. 1. What are the primary goals and tenets of SOX with respect to fraud? The goals of the Sarbanes-Oxley Act are expansive‚ including the improvement of the quality of audits in an attempt to eliminate fraud in order to protect the public’s interest‚ as well as for the protection of the investors (Donaldson‚ 2003). Prior to the implementation of SOX
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process is the root cause and not the policy. Managers enforce policy. Policy and procedures must be reciprocal to be effective and efficient. Most of the regulations allow for this sort of dialog to take place and encourage it‚ which is why Sarbanes-Oxley is so board in its overall concept. Section 404 barely consist of a whole paragraph Thus allowing for broad interpretation for unknown circumstances yet to be considered (lessons learned) I have successfully brought together adversarial components
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Whistleblowing and Sarbanes-Oxley Daniel A. Sievers Professor: Joe McGirt Strayer University LEG 500 10/20/2014 Abstract The purpose of this paper is to discuss the essential characteristics of whistleblowers and how organizations take action against them. Whistleblower is a person who exposes unethical behavior or criminal activity occurring in an organization. Companies deal with whistleblowing in many different ways‚ and it effects the company and the employee in significant ways. Companies
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Unit 4 Assignment Abstract In this assignment I will be looking at what Sarbanes-Oxley Act of 2002 is and why it came to be. How SOX has affected the accounting and auditing industry and what the benefits and costs are and what changes have happened or should happen moving into the future with SOX. Unit 4 Assignment A family man has invested a portion of his retirement into a growing stock
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