There are many types of consumer reporting agencies, including credit bureaus and specialty agencies (such as agencies that sell information about check writing histories, medical records, and rental history records).Here is a summary of your major rights under the FCRA. For more information, including information about additional rights, go to www.consumerfinance.gov/learnmore or write to: Consumer Financial Protection Bureau, 1700 G Street N.W., Washington, DC 20006. • You must be told if information in your file has been used against you. Anyone who uses a Credit Report or another type of Consumer Report to deny your application for credit, insurance, or employment - or to take another adverse action against you - must tell you, and must give you the name, address, and phone number of the agency that provided the information. • You have the right to know what is in your file.
Conclusion The EEOC provides employees with an opportunity to have an independent investigator review possible discriminatory employment practices within a private organization. This process alleviates unnecessary pressure on the judicial system with frivolous lawsuits against employers. By following the steps necessary to filing a complaint with the Equal Employment Opportunity Commission (EEOC), mediation, investigation, findings and judicial review, employees like John can make an informed decision on which route to take to resolve his discrimination
Possible Legal, Ethical, and Information Security Concerns Related to Developing Kudler’s Frequent Shopper Program Legal Concerns It is a company’s legal responsibility to take steps to correctly secure or dispose of consumer and employee data. Financial, children’s personal data, and credit report derived data may raise additional concerns with compliance. If any of Kudler’s customers and or employees become victims of identity theft, Kudler may have legal responsibilities to them. The FTC (Federal Trade Commission) does regulate and oversee business privacy laws and policies that have an impact on customers. While it is not required by law, a company’s online and offline privacy policies are pledges to their customers about how data will be collected, used, shared, and protected and the FTC prohibits deceptive practices.
What may also be different in B2B is the way they repay for what they have bought may be different. Businesses may be offered different crediting facilities allowing them to use this product/service to make revenue and paying back once they start making a return. Promotions would be advertised internally when marketing B2B; they would use internal trade journals, emails, letters and advertising in similar product magazines that are published only for organizations. The marketing company may carry out demonstration open days for businesses to see the product/service in use. Distribution channels would be altered and potentially privatized as some products/service may be seen as top secret.
Personal Budget, Balance Sheet, and Cash Flow Statement ACC/547 April 30, 2012 Kristen Debbis MEMORANDUM TO: Mr. Boss, TT Accounting Firm FROM: CPA DATE: April 30, 2012 SUBJECT: Summaries and Recommendations An abundance of contributing factors exist that help determine one’s financial success or failure. Amongst these entities are both statistical and numerical facts and several other key items. Some of the necessary facts should include the ages of a client, their spouse, children and dependents, educational backgrounds, and the couple or families income. Other key or important items that may be needed are to be outlined in professionally prepared personal budgets, balance sheets and cash flow statements. Major concerns and goals are also important to note within these documents.
• SEC-Securities and Exchange Commission: The SEC’s purpose is to “serve as a repository and examiner for registration statements filed by companies planning to sell stock to the general public; providing information on securities to investors; advising on some bankruptcy reorganizations; and investigating and initiating action when federal securities laws are violated and frauds are committed.” The SEC’s job is to protect investors by regulating a policing the securities market. Friedrichs, David O. Trusted Criminals: White Collar Crime In Contemporary Society, 4th Edition. Cengage Learning, 06/2009. VitalBook file.
These income statements are also useful for outside users such as investors, creditors and the government. Investors generally check the income statements of the company to verify the past financial performance of the business to evaluate their ability of producing future cash flows. Creditors also use the income statements to check and see if the business has enough revenue to pay its bills on time. Lastly, the government needs these statements to calculate the taxes which the corporation needs to pay regarding the profits earned over
They will also calculate estate distributions using percentages. They may also maintain client’s financial records, deal out assets, and prepare accounting schedules. Paralegals working in estate and probate administrations are also responsible for keeping and maintaining financial records. Criminal Law: Paralegal in this field may work with expert witnesses in complicated white-collar cases to analyze financial data. They may be called upon to use addition and multiplication to calculate statutory deadlines and sentence
Accounts payable are recorded in the general ledger and reflected onto the balance sheet. Because Accounts payable involve paying suppliers with checks, it is vital for a company to have good internal controls. There are several fraudulent activities that can occur within this department such as: Forgery - check tampering schemes in which an employee intercepts a company check intended for a third party and converts the check by signing the third party’s name on the endorsement line of the check. Check tampering - a form of fraudulent disbursement in which the perpetrator converts an organization’s funds by forging or altering a check drawn on one of the organization’s bank accounts, or steals a check the organization has legitimately issued to another
The investigator must interview accounting employees to gain an understanding of how the company’s accounts receivable process works. He or she will also need to check the necessary backup is included with the customer’s paperwork, such as bill to address, contact information, and so forth. Although Anderson, Olds, and Watershed sent confirmations to customers, the