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 home. Prepare a memo of 700-1,050 words for the senior partner.
Group 3 – Martha Stewart: Inside Trader There are many critical ethical issues that exist in the case involving Martha Stewart, Sam Waksal and family, and Peter Bacanovic. If these unethical concerns were to be numerically ranked, with number one being the most severe, the list would be the following: 1. Sam Waskal selling his family’s shares and attempting to sell his own shares of ImClone before the news of Erbitux had been publically released, in an attempt to save their money without any concerns for how it will impact the shareholders of the company. 2. Bacanovic tipping Stewart with non-public information received from Waksal knowing fully it is illegal and ethically wrong.
If we want to help the people who are suffering in this crisis and recession, then we should make financial policies with them directly in mind. Just throwing money at the banks will not get the job done.” In reference to “Bailout Nation”, Wolfson proves that bailing out large insolvent banks hurt the taxpaying people. He brings to light where the people’s money really goes, and how it’s
Wal-Mart does not care about the American economy because they are thriving the way the economy is now, so American citizens have to stand up for their communities. According to the book, How Walmart is destroying America and what you can do about it, when you are a huge rich company and all you want to do is get huger and richer, it turns out a lot of smaller, poorer people have to get hurt in the process. Wal-Mart with all its size and power, could hurt people or help them in a lot of situations. Which do you think it normally chooses to do (Bill Quinn 102)? The answer for so many years has obviously been hurt people.
(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
The failure of Enron Corporation became a symbol of the excesses of corporations during the economic boom of the 1990s in the United States. Once billed as “America’s Most Innovative Company” by Fortune magazine, Enron became one of the largest bankruptcies in U.S. history in December 2001. The company’s collapse resulted from the reporting of false profits, and by using accounting methods that failed to follow generally accepted procedures. Internal and external controls failed to detect the financial losses disguised as profits for several years. Enron's failure was a result of a breakdown of corporate structure and a failure of leadership.
401(K) has become ineffective because of the corruption of big business, the misunderstanding of and as a result a mishandling of the 401(K) accounts, and its correlating dependency on the market’s success. Making profit is important to people. Most of all, improving the bottom line is the primary objective for major companies. “For Robert Shively, learned that his employer, Occidental Petroleum Corporation, or also-known-as Oxy Pete,” wanted to forgo the guaranteed-employer pension plans for the less demanding 401(K) system where it is based on contributions from employee’s pay rather than from the employer’s profit. This forces the employee to save without any effort but, due to this, workers began to neglect the social security and entirely dropped the use of the original pension plan.
Al Smetana, the president of a manufacturing firm Rayburn Unlimited, is considering what to do to deal with Craig Lindley, who misuses company time and resources watching pornography on the Web. In my opinion Al should fire Craig to send a message to other employees not to misuse company time and resources. Additionally, Al’s this action shows his employees that he treats everyone fairly in working condition. Moreover, Al had better help Craig Lindley to overcome the psychological problem for sake of his contribution to the company and to show friendship. Al should fire Craig Lindley for several reasons.
Wal-Mart agreed to pay $81 million and $27.6 million to settle allegations (O’Donnell 1). Wal-Mart has killed unionization efforts (Armour 1). When people went on strike to improve working conditions and worked for Wal-Mart, Wal-Mart would threatened to fire them. Worse yet as the National Labor Relations Board confirmed, Wal-Mart has systematically and retailed against workers who have had the courage to stand up to improve working conditions (Rizzuto 1). These examples of how Wal-Mart is bad but still gets business shows how powerful they are and they can hurt America more in the
For instance, after worldcom collapse, Mr. Ebbers was recalled as saying that the project to write a code of ethics was “a colossal waste of time. All those failures ended up putting pressure on the accountants to make improper accounting entries to present a good image of the company. For instance, Mr Sullivan