If markets for Apogee's goods and services exist in multiple locations, having one office hardly makes sense. Multiple offices should be opened to increase profit. The author could do a couple of things to make this argument stronger. For example, there is no evidence that shows the profitability of all the field offices is declining. There is also no evidence that shows the marketability of the field offices.
This also includes establishing a private-sector regulator to oversee the auditing profession to combat accounting fraud, and enhancing financial disclosures. Companies are under more pressure to comply with SEC and Sarbanes-Oxley Act after recent and growing concerns about their ethical behaviors. Role of Ethics and Compliance in the Financial Environment Starbuck’s role of Ethics and Compliance in the financial environment applies to the Chief Executive Officer (CEO), Chief Financial Officer (CFO), comptroller, and other financial leaders. The company’s code of ethics encompasses
Discussion is limited, usually to no more than one or two sentences. | While customer value capturing has been listed, the discussion remains patchy and lacks detail. No demonstration of how the selected company captures value is made. | A comprehensive discussion of the applicable concepts of customer value creation is undertaken accompanied by a detailed demonstration of how it is applied by the selected company. | | 0 | 1-2 | 3-4 | 5-6 | References and presentation | No effort visible in referencing.Hand-written piece of work; poorly presented with no cover-sheet.
(Osmond, 2014) Accountants do not always follow the moral guidelines set out by the company’s managerial accounting and thus creating ethical problems within the business. The resultant effect of not following the set out moral values is that stakeholders lose confidence with the company’s financial stability. Ethics will be important in ensuring that the accountants always prepare the books of account in time and update them in time. The accountants will also be in a position to report correct, accurate and ethical information on the financial position of the organization (Osmond, 2014) Managerial accounting is characterized by forecasting for the future sales of the business. It focuses on the users of the company’s business details.
Others argued that audit committees with independent chairs contribute to more effective control systems as long as the management is not involved the selection of the directors (Carello etal.,2011). Abiding with the composition and structure requirements of an audit committee grantees performing its "oversight responsibilities" (Ferreira 2008). This necessarily requires total independence from the executive board members. The appointment of inside directors in an audit committee leads to a lower level of independence in an audit committee (Sharma etal.,2009). To enhance high-quality corporate governance and ensure transparent business environments, several regulatory codes have established on corporate governance.
External Auditiing Week 1 – Assignment – Ch 2 & 3 Problem 2-7 Since the Sarbanes-Oxley Act of 2002 (SOX), the PCAOB is responsible for establishing the auditing standards for public companies, whereas the AICPA (Auditing Standards Board)is responsible for private companies. Prior to the SOX, the AICPA was responsible to establish auditing standards for both private and public companies. . Problem 2-10 Although the generally accepted auditing standards are quite general, it is probably best to keep them that way rather than having specific audit guidelines. I believe this is the best way to set the standards because it would still allow the CPA to make a professional judgment by applying their understanding of GAAP.
Corporate Governance Mechanisms In his Report of the Committee on the Financial Aspects of Corporate Governance, Cadbury (1992) defined the corporate governance as "the system which directs and controls firms. Boards of directors are accountable for the governance of their firms. The shareholders’ role in governance is to employ both the auditors and the directors". The responsibilities of the board include setting the firm’s strategic goals, providing the leadership to put them into supervising the management of the business and reporting to shareholders on their management. The board’s action depends on regulations, laws and shareholders in general meeting.
Michelle Li Business Ethics Dr. Brendan Hogan 11 March 2014 Stockholder vs Stakeholder Model Although both theories articulate what a corporation’s role should be, they have different ideas of how to enforce these theories. Stakeholder theory is a theory created by Edward Freeman, a philosopher, who believed that all stakeholders should be taken into account when making decisions for the company. Stakeholders who are directly involved in a corporation are identified as investors, employees, suppliers, and customers. The stakeholders indirectly involved are the government, trade unions, community groups, or political parties. By identifying stakeholders, the corporation can decide which groups need to be managed.
There are no specific patterns, it doesn’t mean no reference. Leaders still depends on situation, followers, own experience, or different background information. In other words, real contingency theory means “no specific rules”, leads
These worsen the health of people, but are not included in GDP. Thirdly, GDP does not include other quality of life issues such as longer working hours which may reduce the time that people have for leisure activities and have an impact on the stress levels. It does not measure the happiness levels of people. Finally, when GDP measures the output of a country, it does not tell the difference between whether the output is made up of goods and services that are used by consumers or those that are used for military or defense purposes. If the output has a lot of defense goods, this would not improve the living standards of the people.