Examine the key inferences of corporate ethics

Assignment Help Accounting Basics
Reference no: EM131711997

Assignment: Litigation, Censures, and Fines

Research the Internet for recent litigation, censures, and fines involving national public accounting firms.

Examples of litigation cases against national public accounting firms include fines by regulatory authorities and censures by professional societies.

Write a three to four page paper in which you:

Analyze the primary accounting issues which form the crux of the litigation or fine for the firm, and indicate the impact to the firm as a result of litigation or fine. Provide support for your rationale.

Examine the key inferences of corporate ethics related to internal controls and accounting principles which lead to the litigation or fine for the accounting firm.

Evaluate the primary ethical standards of the accounting organization's leadership and values which contributed to approval of the accounting issues and thus created the litigation or fines in question.

Identify specific conduct violations committed by the organization and accounting firm in question. Next, create an argument supporting the actions against the organization and accounting firm, based on the current professional code of conduct for independent auditors and management accountants.

Make a recommendation as to how regulators and professional societies may prevent this type of behavior in question for the future. Provide support for your rationale.

Use two quality academic resources in this assignment.

Note: Wikipedia and other Websites do not qualify as academic resources.

Your assignment must follow these formatting requirements:

Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.

Include a cover page containing the title of the assignment, the student's name, the professor's name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length

Reference no: EM131711997

Questions Cloud

What amount of fixed overhead is deferred to a future period : Sprinkle Co. sells its product for $60 per unit. Reference: Ref 6-5 Under absorption costing, what amount of fixed overhead is deferred to a future period
State the disease high cholesterol : In your own words describe what physiologically is wrong with your body, and explain how it results in the symptoms you have.
Cycle-service level for all stock items : A firm advertise a 90 per cent cycle-service level for all stock items.
Discuss a female rat is ovariectomized and then injected : A female rat is ovariectomized and then injected with testosterone immediately after birth. In adulthood, this rat is injected with estradiol
Examine the key inferences of corporate ethics : Examine the key inferences of corporate ethics related to internal controls and accounting principles which lead to litigation or fine for the accounting firm.
Taking the position of organization development consultant : Taking the position of an organization development consultant, students should recommend the actions that management might take in order to align
Mrna strands and both amino acid sequences : Please note, this is only a portion of the gene and does not include a start or stop codon. Your answer must include both mRNA strands and both amino acid.
Discuss the recognition of emotional facial expressions : What area of the brain is thought to be responsible of the recognition of emotional facial expressions, particularly for negative emotions like fear
Record each transaction in the journal : Record each transaction in the journal. Key each transaction by date. Prepare the trial balance of Porier Heating and Air Conditioning, Inc., at December 31

Reviews

Write a Review

Accounting Basics Questions & Answers

  Should materials and warehouse classified

A company purchases packaging materials,- Should the materials and warehouse be classified as current or fixed assets?

  Taxable income includes a deduction for 40000 of

current eampp computation. water corporation reports 500000 of taxable income for the current year. the following

  Computing income from the investee under equity method

Lindy Corporation owns a 40% interest in Belair Company, acquired several years ago at a cost equal to book value and fair value. Belair sells merchandise to Lindy for the first time in 2003. In computing income from the investee for 2003 under th..

  Prepare the necessary journal entries for rich

Prepare the necessary journal entries for Rich, Inc. from January 1, 2012 through July 1, 2013.

  What is the value of the owner equity

The total assets on a balance sheet are 67,500. The total liabilities are 37,200. What is the value of the owner's equity?

  Henrys hoodies produces a variety of sweatshirts for

henrys hoodies produces a variety of sweatshirts for college students. henrys produces sweatshirts in batches and

  Analysis of the fosters consolidated income statement

Undertake both a vertical and horizontal analysis of the Fosters consolidated income statements for the years ending 30 June 2010 and 30 June 2011

  Morales corporation produces microwave units

BE8-4 Morales Corporation produces microwave units. The following per unit cost infor- mation is available: direct materials $36; direct labor $24; variable manufacturing over- head $18; fixed manufacturing overhead $40; variable selling and admi..

  The firm has 4896230 shares of common stock outstanding

the dunder mifflin company has total assets of 247848000 current liabilities of 68208200 and long-term liabilities

  Sales and purchase-related transactions

Problem 1: The following selected transactions were completed during June between Snipes Company and Beejoy Company:

  Compute the amount novak should report

Compute the amount Novak should report as net cash provided (used) by investing activities in its 2017 statement of cash flows

  A masters of accountancy degree at mid-state university

a masters of accountancy degree at mid-state university would cost 10000 for an additional fifth year of education

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd