Running head: SARBANES-OXLEY LAW Sarbanes-Oxley Law Alexandria B. Lover Liberty University ACCT 302-B03 Abstract Since 2002, the Sarbanes-Oxley Act has been in place to not only raise awareness for employees and investors but also improve the management of internal controls in public corporations. Under the law, CEOs and CFOs are solely responsible for the accuracy of the financial reporting by their companies as well as the internal control structure to include fines and criminal prosecution if consciously falsified. The Sarbanes-Oxley Act was passed as a response to the Enron fiasco in an attempt to protect investors from corporate accounting fraud. The Act, which is officially known as Public Company
Retrieved from http://www.fasb.org/cs/BlobServer?blobkey=id&blobwhere=1175820927509&blobheader=application%2Fpdf&blobcol=urldata&blobtable=MungoBlobs Kieso, D. E., Weygandt, J. J., & Warfield, T. D. (2007). Intermediate accounting (12th ed.). Retrieved from The University of Phoenix eBook Collection. Schroeder, R. G., Clark, M. W., & Cathey, J. M. (2005). Financial accounting theory and analyses.
Archived from the original on July 1, 2012. Retrieved 2012-04-23.5][ Seitz, Alex (October 31, 2011). "Occupy Wall Street's Success: Even Republicans Are Talking About Income Inequality". ThinkProgress. Archived from the original on July 17, 2012.
Retrieved from http://www.frbsf.org /education/publications/doctor-econ/2005/october/debt-equity-market Kimmel, P. D., Weygandt, J. J., & Kieso, D. E. (2011). Financial accounting: Tools for business decision making (6th ed.). Hoboken, NJ: John Wiley & Sons. CONSOLIDATED BALANCE SHEETS (In millions, except number of shares which are reflected in thousands) | | | | | | | | | | | September 28, 2013 | | | September 29, 2012 |
(2014). Retrieved from https://ecampus.phoenix.edu/secure/aapd/cist/vop/Business/McBride/intranet/business-plan.html 03/02/2014 Conducting Market Research. (n.d.) Retrieved from http://www.entrepreneur.com/article/217388 03/02/2014 Secondary Market Research: Advantages and Disadvantages. (n.d.). Retrieved from http://www.ianswer4u.com/2012/05/secondary-market-research-advantages.html#axzz2uphHYj5S 03/02/2014 Kane, J.
Retrieved December 12, 2011 from http://www.performance-appraisal-form.com/employee-performance References for Business (RFB), Encyclopedia of Business, 2nd ed. (2002) Retrieved on December 13, 2011 from http://www.referenceforbusiness.com/small/Di-Eq/Employee-Performance-Appraisals Retrieved on December 13, 2011 from http://voices.yahoo.com/things-consider-creating-employee-evaluations-6931370.html Retrieved on March 28, 2012 from
It makes perfect sense for the U.S to change to IFRS, especially after some of the worse accounting scandals of Enron in 2001, and WorldCom in 2002. ” First adopted in 2001, IFRS includes many of the International Accounting Standards (IAS) previously set by the IASB with the objective of improving the level of transparency of companies’ finances” That is one of the reasons the United States congress passed the
Leadership, Trustworthiness, and Ethical Stewardship Evelyn T. Robinson MGT7019-8 12/30/2012 Mentor Jane Ross Leadership, Trustworthiness, and Ethical Stewardship The problem to be investigated is: should leadership be based on trustworthiness and ethical stewardship? The Theoretical foundations and hypocrisies of ethical stewardship are trace to a code of professional laws laid down by professional scholars or executives of the corporation. Caldwell and Karri (2005, pp. 254) framed the role of the steward as an “integrator of shared interests” with a responsibility to help the organization and its members of self-actualize. Caldwell et al.
10-042 BARBADOS GROUP WORKING PAPER NO. 09-04 Integrity: Without It Nothing Works Interview: by Karen Christensen, from Rotman: The Magazine of the Rotman School of Management, Fall 2009, pp. 16-20. Jessie Isidor Straus Professor Emeritus, Harvard Business School Chairman, Managiing Director and Integrity Czar, Social Science Research Network MICHAEL C. JENSEN firstname.lastname@example.org Abstract There is confusion between integrity, morality and ethics. In our much longer paper on the topic (see “Integrity: A Positive Model that Incorporates the Normative Phenomena of Morality, Ethics and Legality” (available at http://ssrn.com/abstract=920625 )) my co-authors, Werner Erhard and Steve Zaffron, distinguish integrity, from morality and ethics in the following way.
Society as a whole is responsible to conduct business ethically. Parallel to the formula that we use for inventing the laws that a society created to promote specific behaviors and actions that are appropriate to build trust and relationship, it is similar in corporations' behavior. According to Svensson & Woods "Society does have expectations of business and of its business leaders" (Svensson & Woods, 2008, p. 306). Ethical business behavior is a combination of values and normative ethics, which drive an organization. When analyzing Anglo-American and Primark for this case study.