The following answers are based on the SEC’s Litigation Release No. 20470 and related press releases associated with the fraud at Bally Total Fitness Holding Corporation: a. According to the SEC press releases and Litigation Release No. 20470‚ Bally fraudulently accounted for three types of revenue it received from members: initiation fees‚ prepaid dues‚ and reactivation fees. Initiation fees: Bally fraudulently and prematurely recognized revenue from initiation fees. Part of the price of a
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Conductivity of Ionic and Molecular Aqueous Solutions Abstract Aqueous solutions that have free ions have higher conductivity values than solutions with most molecules. The purpose of the experiment was to see if ionic strength of an aqueous solution determines its conductivity. We tested each compound by putting the conductivity probe into its aqueous solution. Then the computer would analyze the data and give us a conductivity value. After each solution was tested‚ we used deionized water
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Ethics Case Assignment From Diane’s perspective: 1) Relevant facts: * She is planning on not recording overtime worked * Policy is clear that employees must accurately record the time worked 2) Ethical Issue: * Working overtime and not recording your hours worked 3) Who is being Affected and How: * Diane: Could lose her job‚ Hours of work‚ violating the firms policy‚ placing will in the position to violate the firms policy‚ may have similar circumstances in the future
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Ethics is the study of right and wrong conduct. (Ruggiero‚ 2008) “Over the past few decades‚ a sizable industry has arisen to serve the demand for ready-made and even customized compositions and term papers. Many students presumably believe there is nothing morally wrong with the practice of buying one of these papers and turning it in to fulfill a course requirement.” (Assignment) Explanation to my friend on the matter: When someone decides to buy a term paper/essay they are buying words that
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Ethics is not equivalent to feelings. We feel on whether a certain thing is right or wrong. Feelings actively affect our daily choices. It may sometimes prevent us from making the right ethical choices. [Peter Zafirides‚ 2012]. Some may feel remorse when an unethical deed is done. This can be mainly attributed to persons’ different needs and desires. In 1992‚ Dr. Cox‚ a 70 year old‚ with a lethal injection of potassium chloride had what rheumatologists’ described as the worst case of rheumatoid
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ETHICS AUDIT ON RYANAIR Done By Hemanth Mutthukrushnun This is an ‘Ethics Audit Report’ prepared based on the operations of Ryan Air studied from various videos available on You Tube and the public documents disclosed by Ryanair. Set up in the year 1985 at a capital of 1 pound with a staff strength of 25‚ Ryanair is today the World’s favourite and most commonly used airline which operates more than 1‚400 flights per day from 44 bases and 1100+ low fare routes across 27 countries‚ connecting
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The need for an external audit in the case of companies arises primarily from the existence of split-up of ownership from control. When control is shared an audit report will be needed in order to ensure that all the partners or be it shareholders are on the same page as the managers (the ones who will be controlling the company) and know what has been happening in the company‚ what is happening at present and what can be expected to happen in the future in order to increase returns in the company
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Accounting Education: an international journal Vol. 20‚ No. 2‚ 203– 222‚ April 2011 Adding Value to Audit Education through ‘Living’ Cases JULIE DRAKE University of Huddersfield‚ UK Received: November 2009 Revised: July 2010 Accepted: September 2010 ABSTRACT This paper seeks to address the perceived failure of university teaching to foster critical understanding of audit practice and to identify a potential remedy. It contributes to the debate (Maltby‚ 2001‚ “Second thoughts about ‘Cases in
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theft. D. Expected effectiveness of controls. 13. The risk that an auditor’s procedures will lead to the conclusion that a material misstatement does not exist in an account balance when‚ in fact‚ such misstatement does exist is referred to as A. Audit risk B. Inherent risk C. Control risk D. Detection risk 14. Evidential matter concerning proper segregation of duties ordinarily is best obtained by A. Preparation of a flowchart of duties performed by available personnel. B. Inquiring whether
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Valentine Psych 610 September 1‚ 2014 Krista Bridgmon Analysis of Ethical Dilemma What is an ethical violation when conducting research and writing? First we need to look at what ethics means‚ then determine if any violations have been committed. Ethics is defined as "an area of study that deals with ideas about what is good and bad behavior: a branch of philosophy dealing with what is morally right or wrong" (“Ethics‚" 2014). The following essay will look at whether a well- known researcher committed
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