Under the common law‚ accountants may be found liable to the clients who hire them under several legal theories‚ including breach of contract‚ fraud‚ and negligence. Accountants owe a duty to use reasonable care‚ knowledge‚ skill‚ and judgment when providing auditing and other accounting services to a client. In other words‚ an accountant’s actions are measured against those of a “reasonable accountant” in similar circumstances. The development of GAAPs‚ GAASs‚ and other uniform accounting standards
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The Italian Renaissance‚ stemming from the rediscovery of ancient Greek and Roman ideas‚ revolved around the value of individual rights and freedom as reflected in their literature‚ art‚ and education. This cultural movement led into the Scientific Revolution where‚ in lieu of relying solely on the words of ancient and religious sources‚ scientists conceptualized that the best way to gather scientific knowledge was to experience it for oneself in the natural world. Hence‚ the Europeans based their
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(Stromberg). With a such high population‚ if something had happened to the food supply‚ the Mayan population would have fallen‚ and later‚ the culture‚ which is another theory (Perl 14). It was argued that the Code didn’t actually portray anything about the downfall of Mayan Civilization and didn’t accurately portray Maya. As most of Mayan Agriculture did not need terracing‚ something that is usually used in a purely agricultural society‚ and that since only a small amount were found in Mayan ruins
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The Sarbanes Oxley Act‚ 2002 Impact on Enron Derrick Love California State University San Bernardino MGMT 355-01 Dr. Coates November 20‚ 2014 Abstract I have chosen “The Sarbanes Oxley Act‚ 2002” as my law and the Enron Company as my corporation. The Sarbanes Oxley Act‚ 2002 is a law that has been put in place in the public interest or for the protection of investors‚ and in furtherance of this Act. The law read as follows‚ The Commission shall promulgate such rules and regulations
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intermittently checked on my phone? Check! I’m ready for a few hours of what I like to call “downtime.” This notion has without a doubt changed many times throughout American history and culture. It’s even changed in my lifetime with new technologies (I used to spend all my free time in grade school reading mystery novels). Cultures and people are constantly changing with what they want from their media. They want it to be new‚ yet not too new in fear it won’t catch on. They want it to be high tech‚ but not
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the movement resulted in a number of violent clashes between the local police and protesters in which three were killed by police firing. At this stage‚ Mahatma Gandhi began to feel that the movement was veering off course and was disappointed at how the movement lost its non- violence. A couple of years later‚ Gandhi devised a civil disobedience campaign between 1919-1922 and as a result was jailed for conspiracy in 1922. However‚ in 1930‚ Gandhi led the landmark Salt march in which many Indians
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Good Corporate Culture Introduction “Corporate culture is the basic specifications which are created‚ discovered and developed by a specific organization in dealing with their own external adaptation and internal integration issues”. (Baeney‚ 2006) “It is used as a guide for organization members to feel‚ think and understand the issues related to cultural identity‚ including the guiding ideology of corporate‚ business idea‚ work style‚ values‚ and codes of conduct‚ ethics‚ cultural traditions
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the works of the Athenian historian‚ Thucydides‚ a myriad of information is shared pertaining to not only to his own life‚ but to the society and culture of Ancient Greece as well. He was born around 460-455 BC and through his life he wrote one of the most in depth recordings of the Peloponnesian War entitled‚ History of the Peloponnesian War. Not only did Thucydides live within the wartime period‚ he also fought in this war as well as a military general. The efforts that Thucydides contributed during
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Throughout his life‚ Louis Pasteur became a world-famous scientist known for his astute role in the pasteurization process and its new discoveries. Not only excelling in fermentation and other bacteria‚ Pasteur helped contribute to saving France’s silk production when he discovered Flacherie‚ the disease plaguing the silkworms in the nation. Striving from his previous discoveries‚ Pasteur’s most successful proposition was when he introduced advancements to The Germ Theory‚ which gave an explanation
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Enron and How it Affected the Accounting Industry Enron once was one the United States largest energy company and was ranked Fortune’s seventh richest corporation in the United States. When Enron had a filed for Chapter 11 bankruptcy in 2001 it unraveled to be one the biggest accounting scandals in United States history. There are many factors that contributed to Enron’s demise but their aggressive and unethical accounting practices were the key component. As a result‚ the accounting industry
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