• Business Ethics
    Ethics in Accounting Business Ethics in Accounting and Review of Enron and WorldCom Lisa Pickering Dallas Baptist University Abstract Accounting professionals need to know ways to recognize unethical issues, and how to handle these issues or problems. Employees need to be trained to know how to notice...
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  • Accounting Ethics
    Accounting Ethics Accounting Ethics, Second Edition. Ronald Duska, Brenda Shay Duska, and Julie Ragatz © 2011 John Wiley & Sons, Ltd. Published 2011 by John Wiley & Sons, Ltd. ISBN: 978-1-405-19613-0 Foundations of Business Ethics Series editors: W. Michael Hoffman and Robert E. Frederick Written...
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  • Lakeside Case 2
    Drive Richmond, Virginia 66266 Dear Mr. Wallace, We have researched the issues that were discussed regarding the possibility of Lakeside Company going public and the ramifications this action would have on their desirability as a client. We have also analyzed Lakeside Company’s financial statements...
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  • Cap 1
    INTERNAL AUDITORS UNCOVER FINANCIAL FRAUD AT WORLDCOM In June 2002, WorldCom announced that during the previous two years $3.8 billion in costs had been capitalized rather than expensed. This announcement shook a sagging investor’s confidence that was already weakened by the restatement of financial...
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  • The Profession of Auditing
    followed. Distinguish between auditing and accounting Accounting is the recording, classifying, summarizing of economic events in a logical manner for the purpose of providing financial information for decision making (Arens, Elder, & Beasley, 2010 p.6). Accounting uses financial statements such as the...
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  • Alocasia
    CHAPTER 1 ACCOUNTING: INFORMATION FOR DECISION MAKING OVERVIEW OF BRIEF EXERCISES, EXERCISES, AND CRITICAL THINKING CASES Brief Exercises B. Ex. 1.1 B. Ex. 1.2 B. Ex. 1.3 B. Ex. 1.4 B. Ex. 1.5 B. Ex. 1.6 B. Ex. 1.7 B. Ex. 1.8 B. Ex. 1.9 B. Ex. 1.10 Learning Objectives 1, 3, 5 2, 5 3, 4 5, 6 1, 3, 5...
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  • Accounting 8
    transactions and the difficult accounting standards have become too complex for the average financial statement user. The greed and dishonesty of some auditors and high-profile business failures have caused criticism and scrutiny of the relationships between accountants and their clients. The scandals...
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  • Audit Paper
    PART 1: - PCAOB and ASB (AICPA) PART A The PCAOB is a nonprofit organization, established by Congress with the Sarbanes Oxley Act of 2002. It was established to oversee the audits of public companies to protect investors and the public interest. To make sure that audit reports are accurate, informative...
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  • Audit Answer
    performed by the public accounting profession is the attestation to the fairness of the financial statements of clients. The special function ensures the reliability and integrity of the financial reporting system. Judge Burger described the special function as "certifying the public reports that collectively...
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  • Gaas Paper
    guidelines established by the American Institute of Certified Public Accounts (AICPA). These standards were established in the late 1940s for the use by accountants when conducting external audits of financial statements. The GAAS standards provide a guideline for the auditors in regard to the quality of...
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  • Ethics
    Ethical Decisions  in Accounting  Alfonso Oddo  Niagara University COPYRIGHT PAGE DO NOT TYPE Cover page image ©2010 PhotoDisc/Getty Images Copyright © 2010 by John Wiley & Sons, Inc. All rights reserved. No part of this publication may be reproduced, stored in a retrieval system or...
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  • Accounting: the Profession
    Abstract Determining which professional certification is right for you will depend upon your career goals. Earning one of the accounting-related professional certifications is no easy task; however, earning and maintaining your certification can increase your chances for advancement and promotion, enhance...
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  • Assignment on Audit
    I INTRODUCTION A Background Accounting and Auditing Standards govern the preparation of external financial reports and the audit of those reports. The AICPA’s predecessor organization, the American Institute of Accountants, authorized the appointment of a standing committee on auditing procedure...
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  • assdf
    confirmations, you are to complete the testing of the cash balance reported by Simply Soups Inc. at year-end. Today, a majority of large banks require auditors to use electronic cash confirmation requests and, as a result, mostly all large audit firms use them. When using electronic confirmation requests...
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  • Information Technology
    provide the most reliable study material and certification exam for people who specialize in IT want to advance in their career. Professional Organization IEEE or "Eye-triple-E" stands for the Institute of Electrical and Electronics Engineers. IEEE is the world's largest non-profit professional organization...
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  • Chapter 1 Modern Auditing
    CHAPTER 1 AUDITING AND THE PUBLIC ACCOUNTING PROFESSION – INTEGRITY OF FINANCIAL REPORTING |LEARNING CHECK | 1. SEVERAL COMMON ATTRIBUTES OF ACTIVITIES DEFINED AS AUDITING ARE (A) SYSTEMATIC PROCESS, (B) OBJECTIVELY OBTAINING AND EVALUATING EVIDENCE, (C) ASSERTIONS ABOUT...
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  • Why the Public Company Accounting Board Was Created (Pcaob)
    Why the Public Company Accounting Oversight Board Was Created (PCAOB) Table of Contents Introduction 3 I. Boards in Operation before the Public Accounting 4 Oversight Board (PCAOB) II. Partners of Accounting Firms want...
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  • Soloution to Vol 2 Appendix
    accepted accounting principles. Accounting Organizations. Matching of a list of descriptive statements with a list of abbreviations of accounting organizations. Identify complete name of each organization. History of Establishment of GAAP. Discuss CAP, APB, FASB, and related pronouncements. (AICPA adapted)...
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  • Worldcom
    in the accounting practice is very important and is the foundation of the accounting concept. When companies and accounting firms violate this one rule, the effects can be devastating. WorldCom violated the accounting standards and acted unethical. This crisis shows how important the accountants’ ethical...
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  • Enron Fraud Paper
    In reality, SOX strives to reinforce the faith of the American public in the securities market. It also reconstructs how the auditors are supervised as well as certain tasks that are now strictly forbidden. I also looked at what causes fraud and how the Sarbanes-Oxley Act attempts to proactively discourage...
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