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This article discusses earnings management in the post-SOX period. Please answer the following questions in about 3-4 pages double spaced in total.
Explain the purpose of the article, the method used by the author to conduct the study and the overall conclusions reached.
On page 61 toward the bottom in the paragraph that starts with "as such, GAAP could no longer be regarded....." Do you agree with this position? Why or why not? Do you think this is fair to managers who simply want to follow GAAP? Why or why not?
Do you personally think conservatism has increased since SOX? Why or why not?The author states "auditors will not use the audit opinion to police bad business practices, even if they involve earnings management". How do you explain that? Do you agree with the auditors' position? Why or why not?
Attachment:- article_1.pdf
a bond has a par value of 1000 pays 50 semiannually and has a maturity of 10 years. if the bond earns 12 per year what
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In an exchange qualifying for Sec. 351 tax-free treatment, Greta receives 100 shares of White Corporation stock plus a right to receive another 25 shares.
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Millman Electronics will produce 60,000 stereos next year. Variable costs will equal 50% of sales, while fixed costs will total $120,000.
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Mary Givens and Peggy Moser are partners engaged in operating The G & M Doll Shop, which has employed the following persons since the beginning of the year:
the following single-step income statement was prepared creative tax service income statement for the year ended
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