BYP 1-6 (a) Who are the stakeholders in this situation? The stakeholders in this situation would be the vice-president of finance, the president of Robbin Industries, Wayne Terrago, and the users of Robbin Industries’ financial statements. Each of these stakeholders will be affected by any choices Robbin Industries make that affect the company’s financial statements. These individuals each have something to lose by the company providing falsified or inaccurate financial statements (Weygandt, Kieso, & Kimmel, 2010). (b) What are the ethical issues involved in this situation?
It must be established whether the claim was false, fictitious or fraudulent. 3. The government also needs to prove that the false, fictitious or fraudulent claim was material (Salcido, 2009). 4. Another element that must be established beyond a reasonable doubt so as to secure a conviction is that When the US government provides any section of money or property that is essential or demanded, or the state decides to return a contractor, grantee or recipient the requested or demanded money, false claim documents do not need to be submitted directly to the government as the provision virtually covers everything that is of value.
The fourth amendment protects citizen’s rights to be secure in their houses, papers, and effects. Simply put, it puts limits on when and how the government may search requiring a warrant to do so. The Fifth Amendment offers protecting against self-incrimination. The only way the Fifth Amendment would protect, say a corporation, each individual of said corporation would have to agree to plead the fifth in order to avoid incriminating the corporation. The fourteenth amendment forbids states from denying citizens life, liberty, or property.
CGA-CANADA INTERNAL AUDITING & CONTROLS [MU1] EXAMINATION December 2013 Marks Note: The questions in this examination test the knowledge, skills, and professional values demonstrated in this course. Marks are given for reasoned and persuasive arguments, and for clarity and impact of presentation. You must provide practical illustrations for the use of concepts and analytical methods in the circumstances described in each question. Read the specific requirements of each question carefully, and ration your time across all questions. Time: 4 Hours 22 Question 1 Select the best answer for each of the following unrelated items.
As the auditor of both MHA and NYH, according to Sarbanes-Oxley Section 201, I am prohibited most non-audit services to public audit clients. Those restrictions include, but are not limited to, bookkeeping/accounting processing and valuation services. I must report of internal financial reports by performing tests and offering my opinions, but not to assist with the creation of them. By helping compile estimates for closing costs related to the decorative pillow services of NYH, I would be in violation of this ethical accounting standard. It is my responsible to uphold integrity, remain objective, and adhere to the ethical standards of the PCAOB and IESBA.
According to SAS No. 99 fraudulent financial reporting can be committed by manipulation, falsification, or alteration of accounting records and/or supporting documents which are used to prepare financial statements. Misrepresentation in and/or intentional omission from the financial statements of events, transactions, or other significant information. Intentional misapplication of accounting principles which relate to specific amounts, classifications, manner of presentation, or disclosure (Crumbley 2007). Fraud can occur in overstated revenues, management estimates relating to acquisitions, bad debt allowances, and pension and other
Nate Fisher 4th Amendment Essay Honors Government February 22, 2012 Status of the Fourth Amendment in the United States “The fourth amendment no longer exists in this country. It is a relic of the past like whale oil and rotary dial.” The fourth amendment specifically states: “The right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures, shall not be violated, and no warrants shall issue, but upon probable cause, supported by oath or affirmation, and particularly describing the place to be searched, and the persons or things to be seized” (“Fourth Amendment”, 1). Basically, the people of the United States are protected from unreasonable searches and seizures. Some
This method is different than traditional financial accounting measures as it looked at branch performance outside of the profile of the portfolio. Instead of having one rate for various items, Caja chose to have rates for short term rates for operations less than one
The underlying question presented is whether the Medicaid provisions satisfy the Spending Clause. There are four "general restrictions" on Congress's spending power: (1) the exercise of spending power must be for the general welfare; (2) the conditions must be stated clearly and unambiguously; (3) the conditions must bear a relationship to the purpose of the program; and (4) the conditions imposed may, of course, not require states "to engage in activities that would themselves be unconstitutional." See generally South Dakota v. Dole, 483 U.S. 203, 207-10, 107 S. Ct. 2793, 97 L. Ed. 2d 171 (1987). The plaintiffs do not appear to dispute that the Act meets these restrictions.
Neither of the above are a an Act of Parliament (Legislative Requirement) or a Code of Practice set out By Parliament (Statutory code of practice). They are both a Code of Practice which are a set of rules and achievements we must comply with to be able to provide such services The difference between the three Legislation and codes of Practice: Legislative requirement: A duty to act according to the law as defined in an Act of Parliament and usually enforceable through the courts. Code of Practice: A set of rules outlining how a person in a particular profession or situation is expected to behave. Statutory code of practice: A Code of Practice approved by Parliament and admissible as evidence in any legal action. There are many General Legislation and Codes of Practices within my business sector and some examples are * Equality Act 2010 Accessed from https://www.gov.uk/equality-act-2010-guidance on 29/09/2014 Protects people legally from discrimination, harassment and victimisation in the workplace.