AICPA Code of Professional Conduct Trudy Linden-Craft ETH376 June 25, 2012 Juan C. Vargas AICPA Code of Professional Conduct In business, companies adopt moral values that work to guide ethical decisions to gain trust from and build integrity with its consumers. Accounting practices are an important part of a companies’ success and can lead to civil and criminal problems if a company fails to report accurate information on its financial statements. The various developments of codes of conduct over the years in the accounting profession have assisted companies’ with making ethical judgments in terms of its finances. Without the enforcement of the codes of conduct, many companies could intentionally record journal entries. Hiring CPAs allows companies to report the most accurate information to the public, board members, and potential investors.
3. According to Carmichael, why is it so important that the public have confidence in the independent auditors of public companies? With the horrific scandals of Enron and Worldcom it is important to rebuild the public’s trust in private auditors and that the findings of the auditors prove to be correct beyond a shadow of a doubt. With confidence in independent auditors of public companies, usefulness of the audit will be intact. Auditing methods change and improve when there is a need to restore this confidence.
SOX were introduced to be known with its purpose. SOX is an act in protecting investors by improving the accuracy, and reliability of corporate disclosures made pursuant to the securities laws, and other purposes. New parts of the law are cited at 15 USC 7201. Many provisions is located at 78 USC because many of the provisions
I think that Ken and Barbara’s strong knowledge of the industry that makes a competitive advantage on how they efficiently run FIDA. They tried to develop a marketing plan to expand the company's market without denigrating the business from existing clients. They believed that their understanding of an insurance company’s internal procedures was more important than a law enforcement background. They knew from personal experience insurance industry claims adjudication processes and what evidence risk managers sought to successfully prosecute a case of fraud. Barbara and Ken know the services each client expects.
If strategy is choice, then what motives lie behind a choice to take a risk by investing in a takeover or merging with another firm? There are medium to long-term plans detailing how a company intends to achieve its corporate objectives. These plans will inform strategies across all functional areas, and are often based on the outcome of a SWOT analysis. There are 4 types of strategies. Corporate strategies are closely linked to the motives for acquisitions such as mergers and takeovers because they are aimed at securing the long-term future of the business through acquisitions and mergers, by forming alliances or taking part in collaborative/joint ventures.
Business Research Justin Dowdy, Whitney White, Varonika Allen, Charles Larpenter October 7, 2012 University Of Phoenix Business Research 351 Debra Bacon The following essay will attempt to define the role of research in a business setting. As a group, team “C” has found that research is imperative to any organization that wishes to provide solutions based on business intelligence and accurate findings. Business Research is essential to developing strategic plans to accomplish corporate goals. Additionally, business research helps managers to determine the best course of action in their decision making process or in developing a production process. Research may be either Applied or Scientific.
If something is always right or wrong, this does not take into account aspects such as motive or intention, it also discredits other cultures and religions, are they wrong because their actions enforced by their beliefs do not agree with someone else’s moral absolutism? If something bad is going to come from this moral absolutism, such as always telling the truth and it results in hurt feelings and a breakdown of a relationship, how can it be worth it. Poor consequences of absolutism may be more significant than the action itself. However, moral absolutism allows for clear rules to be set and followed, nobody is discriminated against and predictability is enforced. Moral absolutism allows humans to be held to account for their
Some authors argue that this presents a conflict of rights between liberty and liberty: freedom of expression versus the liberty that comes from public peace. (PAGE 39) others hold that calling this a 'conflict of rights' ignores the character of fundamental rights: it assumes that the right of the majority is a competing right that must be balanced against the rights of the individuals. according to Dworkin this is a confusion that threatens to destroy the concept of individual rights. Nevertheless, public order can still be regarded as an important interest that many overrule freedom of expression in particular instances. (PAGE 40) A danger with the 'harm to public order' argument is that states tend to interpret it very broadly and thus restrict many types of speech, including criticism of the government.
Mostafa Alhakim Mr. John Payne English 100 20 September 2012 The Success Argument Although many people contend that hard work is not enough and that factors, such as, race, gender, sexual orientation, and pedigree. are critical into determining whether or not people become successful: However, the other side of people argue that anyone in America can be successful if they simply work hard and persevere. Considering that both sides may be right, there are some points in the typical life that disagree with one side of the argument which are government rules, college requirements, and life experiences. First, people in general are forced with government rules that require specific types of degree to be able to have a decent
AVIVA INVESTORS This case reveals three major challenges for Aviva Investors regarding its engagement strategy as a leader of sustainability-focused asset management sector to incite companies to adopt best practices in terms of corporate governance principles and socially responsible investment (SRI) guidelines. The first challenge highlighted by S. Waygood, the head of Sustainability Research and Engagement at Aviva Investors is how to encourage their clients (portfolio companies) to take further steps in favor of corporate responsibility. The second challenge concerns the stance to embrace regarding unresponsive companies to make them change their policies in accordance to the best business practices promoted by Aviva Investors. Finally, the third challenge is related to the development of Aviva Investors’ approach at an international scale. Aviva Investors’ strategy is to promote long-term sustainability and that could be done only by integrating ESG (Environmental, Social, and Governance) risks and opportunities into companies’ management.