Hugh McBride will address who the company’s stakeholders are, define the end-state vision, identify and evaluate alternatives, identify and access the risk of the alternatives, recommend optional solutions, create and implement solutions, and to access the outcomes. Beltway Investments are McBride Financial Services major investor. There are some that anticipate for the company to be run by implementing corporate governance. The company’s CEO has decided not to implement this option. The new CEO would rather operate the company without interference of the “money man.” Even though, this maybe a gamble due to corrupt the thinking that would affect Beltway’s public credit.
ACC 548 Week 5 Learning Team Assignment Reporting Requirements M to purchase http://allmysolution.com/ACC-548_c119.htm Product Description One issue in accounting is the qualifications of an accountant when working for a client. It is expected that a CPA will not engage in an assignment without proper qualifications. Your firm has the ability to bid on two projects: the first is engagement and examination work—not consulting or audit—for a small county hospital. The second is work for a private, not-for-profit nursing
(2009) ‘Beyond Corporate Social Responsibility: oil Multinationals and social challenges’ p3 Cambridge: Cambridge University Press You are required to evaluate the quote above. Why should there be such disagreement about what CSR is? Why does this matter and what effects does this have in business and society? In this ever-changing world of economics and business operations the definitions of business services and the strategies are ever changing as well. These days the way managers operate and strategize their business policies has taken a stance against the previous operational strategy that a business exists only to make profit without any consideration or regards to anything else in the world as said by the economist Milton Friedman in his essay “deriding the idea that a business had any responsibility other than to maximise its profits within legally and ethically acceptable margins, arguing that ‘a corporate executive is an employee of the owners of the business.
(Still think we are in a Depression not a rescission) Also the CEO of Enron for conspiracy and multiple counts of fraud is one example of dishonesty, fraud, disregarding one professional responsibility by given themselves Astronomical salaries and enormous benefits this reduces profits of the stockholders, who own the company. (Per the book Bus. 309 pages
Ethics in Accounting Elizabeth Rabe Acc/291 Monday, January 21, 2013 Eric Oechsner There is absolutely no room for unethical behavior in the professional world (Jacobson, Rick “Unethical Behavior in the Workplace” (Nov, 2007). Reasons for unethical behavior include greed, self-interest narcissism, confusion, poor morals, and ignorance. An accountant may embezzle funds from his or her employer for financial gain. Or perhaps the CFO of a publicly traded corporation chooses to prepare financial statements and make those statements appear as though the company is performing much better than it actually is, because he or she wants their stock portfolio to increase. Corporate pressure can be a problem.
The responsibilities of an audit partner in an accounting firm is to review the accounting actions performed by their client and notify them of any corrections that are required. The CFO of a large public company should oversee all of the company’s finances so that it is steered in the right direction. The audit partners role is weighted heavier in that their responsibility is to the public, not just one company. If the CFO is unable to do his/her duties, then the audit partner should find and report those inaccuracies. The stress of the audit partner is tremendous and choosing that profession is one that I would prefer not to undertake.
For Pharma to survive and become viable it was obvious that some decisions had to be made, but was the sale of the assets in the best interest of the corporation, or was it in the best interest of Adams and Barker? One can only conclude that the directors violated all their duties of financial interests, care and rational belief and were not acting with best information and, thus, cannot be shielded by the business judgment rule. 7. What type of lawsuit, derivative or direct, would be filed by Cornelius
The more than 30-year search for a relationship between corporate social performance (CSP) and corporate financial performance (CFP) has not brought much consistent proof of any clear motive for corporations to get involved in CSR. This could have fed the hope for society that companies really were willing to do well for society. According to Margolis and Walsh (2001), the lack of clear proof is due to a nonexisting theoretical foundation of the empirically revealed relations between CSP and CFP. The questionable quality of the performed research was also mentioned by Margolis and Walsh. They reviewed all kinds of possible studies on relationships between CSP and CFP.
Fundamental of Business Ethics – 15/09/2013 The “English Patient” and the Chinese takeaway: examining social responsibilities in the MG Rover collapse 1. Set out the main stakeholders in the MG Rover business at the time of its collapse. How would you determine the relative importance of their stake? At time of its collapse, the main stakeholders in the MG Rover were six: the UK government, BMW, Phoenix Four, SAIC, Nanjing Automotive and employees. If we observe the sequence of the events, probably, the most important stakeholder (in negative way) is the UK Government: it was not able to ensure to the employees their workplace and it failed his attempt to maintain BMW at Longbridge.
In my opinion, it is not ethical for a CPA or CPA firm to help companies “manage” their reported earnings and financial condition. The framework of Ethical Reasoning comprises five parts: Opinion, self-interest, consequence, duty, and character. This framework can help us better analyze this matter. First, opinion puts self-interest aside to see into this matter. If a CPA or CPA firm first serves as a consultant then as the given entity’s auditor, it is auditing its own work.