Showing results for 'acct 530'

Case Study 1-8; A Faulty Budget CW ACCT 530 Accounting Ethics & Related Regulatory Issues Week 1 May 8, 2016 Executive Summary In this case, Jackson Daniels, an accountant for a manufacturing company, faces an ethical dilemma that is all too common in the accounting profession: overstating budget forecasts. Daniels realized he made an unintentional mistake with forecasting the sales budget for 2011 and the effects of his mistake may cost him his job because his boss wants to hire additional staff based on the incorrect budget figures. Daniels faces the decision to do the right...

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Case Study 3-2; Amgen Whistleblowing CW ACCT 530 Accounting Ethics & Related Regulatory Issues Week 2 May 15, 2016 Executive Summary In this case, Amgen Inc., a California-based pharmaceutical company, faced multiple lawsuits for accusations of perpetrating Medicare and Medicaid kickback schemes and two whistleblowing lawsuits. According to Staton, Amgen was eager to promote the sale of its new drug Aranesp, which it allegedly pushed for off-label marketing to cancer patients. The lawsuits alleged Amgen enticed long-term pharmacy providers to switch its Medicare and Medicaid...

Answered 3 years ago by Guide4Students

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Case Study 2-4; Better Boston Beans CW ACCT 530 Accounting Ethics & Related Regulatory Issues Week 3 May 22, 2016 Executive Summary This case is based on the ethical values of two employees that work the night shift at Better Boston Beans: Cindie Rosen (new employee) and Jeffrey Lyndell (assistant shift supervisor recently demoted from shift supervisor). For the last two weeks, Lyndell has made it a habit to leave work an hour before the shift ends. As a result, Rosen was left with the responsibility to serve patrons and close up the store alone. One night in particular, ten...

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Character Trait CW ACCT 530 Accounting Ethics & Related Regulatory Issues Week 4 May 27, 2016 The character trait I chose to research was independence. In my opinion, independence focuses on the ability of accounting professionals to complete accounting work free of personal or professional impairments. Independence requires one to have integrity and the ability to act in an unbiased and impartial manner for the benefit of the publics trust. In this research paper, I will describe the results of what independence means to the AICPA and Texas Board of Public Accountancy. I...

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Case Study 5-4: Audit Client Considerations CW ACCT 530 Accounting Ethics & Related Regulatory Issues Week 5 June 5, 2016 In this case, an Arizona-based audit firm, Cardinal & Coyote LLP, faces a decision of whether or not to compete for the business of Jost International, a local furniture company. Sharon Rules, the managing partner of the audit firm, was approached to submit a bid for the companys 2010 year-end audit. Jost implied the audit firm would get the business as long as the bid was reasonable. Rules asked Yancy Corliss, a new audit partner, to assemble and audit...

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Case Study 6-10: SEC and Zurich Financial Services CW ACCT 530 Accounting Ethics & Related Regulatory Issues Week 6 June 12, 2016 Zurich Financial Services is an insurance provider based out of Switzerland. They provide core business services worldwide particularly in Europe, Asia Pacific, North America and Latin America. This case study reviews the SECs charges against the fraudulent financial reporting of Zurichs reinsurance group, which operated under the name Zurich Re and was later spun off to Converium in a 2001 public offering. The commissions...

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Powers Report CW ACCT 530 Accounting Ethics & Related Regulatory Issues Week 7 June 21, 2016 Summary and Analysis of the Report of the Special Investigative Committee of the Board of Directors of Enron Corporation (Powers Report) The Powers Report evaluated primary transactions between Enron and related-party investment partnerships that uncovered improper accounting techniques, inadequate management principles, lack of corporate governance and public disclosure issues to stakeholders. The specific accounting flaws carried out by Enron executives were in the...

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Grade Details - All Questions Page: 12 Question1. Question : (TCO A) All of the following characteristics describe the importance of integrity in decision making, except: Student Answer: acting out of moral principle. being loyal to your boss. having the courage to do the right thing. not subordinating professional judgment to others. Instructor Explanation: Chapter 1, page 2 Points Received: 5 of 5 Comments: Question2. Question : (TCO A) An accountant who goes outside the entity to blow the whistle on financial wrongdoing by his/her employer violates: Student...

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Table of Contents: ------------------------- - Company Overview - Fraud - Fraud Key Players - Ethical Standards - Questions - Conclusion - References

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Chapter 1Multiple Choice Questions ___________________________________________________ 1) Examining the interests of stakeholders is probably required for: a. High short-term profits 2) A value that is almost universally respected by stakeholder groups is: a. Hypernorm 3) Companies attempt to manage the risk of something happening that will have a negative or positive impact on the companys objectives, such as: a. Credit risks b. Litigation risk c. Reputation risk d. Ethics risks e. All of the above ANSWER: e 4) Most large corporations do not consider these risks in a broad and...

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