• Public Company Accounting Oversight Board; Will It Protect Investors?
    Public Company Accounting Oversight Board; Will it Protect Investors? The Public Company Accounting Oversight Board (PCAOB) was created by Sarbanes-Oxley Act of 2002. This board was created to oversee the audit of public companies, subject to the securities laws, in order to protect the interests...
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  • Accounting: the Financial Accounting Standards Board (Fasb)
    Intermediate Accounting Paper The Financial Accounting Standards Board (FASB) is a private, not-for-profit organization whose primary purpose is to develop generally accepted accounting principles (GAAP) within the United States in the public's interest. The Securities and Exchange Commission...
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  • Why Are Ethics Important in the Accounting Profession?
    Why Are Ethics Important In The Accounting Profession? Sheree Fletcher CE CAPSTONE COURSE FOR THE ASSOCIATES DEGREE IDS399 September 10, 2006 What does ethics have to do with accounting? Everything, since there have been some recent financial accounting scandals; a few examples bein...
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  • Ethical and Legal Obligations in Accounting
    According to Marshall (2004), "accounting is the process of identifying, measuring, and communicating economic information about an organization for the purpose of making decisions and informed judgements" (p. 3). Specifically, financial accounting "refers to the process that results in the preparat...
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  • Accounting Ethical and Legal Obligations Pape
    Introduction: Ethics is first of all, the quest for, and the understanding of, the good life living well, a life worth living. It is largely a matter of perspective: puffing every activity and goal in its place knowing what is worth doing and what is not worth doing, knowing what is worth wanting a...
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  • Internal Controls and Sox
    I. Introduction a. Overview of Paper This paper will first take a brief look into what internal controls and the Sarbanes Oxley Act are. Then it will proceed to show the relationship, or interrelatedness, of the two. It will then give an International perspective and possible future of the A...
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  • Ethical Values in Accounting
    My major is business administration with concentration in accounting. It makes me sad to realize that in the last couple years this discipline that has been so useful and respected has been under pressure and looked down upon, due to multiple behaviors by big companies that have resorted to ac...
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  • Pcaob
    The Sarbanes-Oxley Act Overview: The development of the Sarbanes-Oxley Act (SOX) was a result of public company scandals. The Enron and Worldcom scandals, for example, helped investor confidence in entities traded on the public markets weaken during 2001 and 2002. Congress was quick to respond...
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  • Ethics in Accounting
    Ethics and Legal Responsibility in Accounting The profession of accounting has become spotlighted by the events in recent years including namely Enron. The ethical behavior of businesses is becoming increasingly scrutinized at every turn. Thus it is important to specify the nature of conducting...
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  • Potential Areas of Risk at Capitol Equipment Company
    MEMORANDUM To: A. G. Ressive, Partner at Zurawski & Rolfe Date: May 5, 2007 Re: Potential areas of risk at Capitol Equipment Company (CEC) Upon the acceptance of CEC as a client, we began investigation procedures to determine potential risks and the roles they would play in the design of th...
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  • Accounting Ethics 11
    The CPA Journal published an article titled Incorporating Professional Ethics Throughout an Accounting Curriculum. This article was published in the September 2005 edition and focuses on the dilemma the educational community is facing in trying to incorporate ethics teaching in higher education cla...
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  • Company Selection
    Company Selection Paper Team B's assignment this week was to select two different publicly traded companies in the same industry. The two companies will serve as the basis for subsequent team assignments. The two companies chosen for study are Wal-Mart and Target. This paper will provide an ove...
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  • Liability of Certified Public Accounts
    Liability of Certified Public Accounts An accountant is someone who prepares and analyzes financial records for a company, a government, or an individual. Decision makers to interpret financial information to plan then use these financial records. A certified public account (C.P.A.) is an acco...
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  • History and Development of Accounting Standards
    Accounting has been around since the beginning of civilization. ¡§Accountants participated in the development of cities, trade, and the concepts of wealth and numbers.¡¨ (Giroux) The importance of accounting cannot be overemphasized. Equally important are the standards used to guild the applicat...
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  • Ethics in Accounting
    Accounting numbers in business is a closely watched area these days largely in part to the bad financial decisions made by certain corporations. This all has happened over the past 10 years when large corporations were found to be fudging the numbers causing thousands and thousands of employees to...
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  • Impact of Recent Accounting and Financial Scandals on Regulatory Bodies
    Impact of Recent Accounting and Financial Scandals on Regulatory Bodies Abstract This essay has concentrated on the broad subject areas of the Impact of Recent Accounting and Financial Scandals on Regulatory Bodies and reducing regulatory burden and undue litigation—because these are the to...
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  • Ethics in Accounting and Financial Decision Making
    Ethics in Accounting and Financial Decision Making Fin 324 February 5, 2007 Ethics in Accounting and Financial Decision Making In his article, "Beyond Sarbanes-Oxley. Three best practices to adopt in your organization," the author, Neil S. Lebovits, suggests that organizations can do severa...
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  • Ethics in Accounting and Financial Decision Making
    Ethics in Accounting and Financial Decision Making Financial Decision-making is one of the most important things in the business world. In today’s diverse world, ethics in accounting and financial decision- making is a process that many organizations have trouble dealing with. Many organizations...
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  • Universal Accounting Standards
    Universal Accounting Standards Issue The internationalization of business activities has increased exponentially over the past 3 decades. Because the accounting standards and practices of different countries have developed in response to diverse environments, accounting has developed with str...
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  • Accounting Ethics
    paper will discuss the public perception of CPAs in today's society, pitfalls that they may encounter, methods to prevent some of these negative behaviors and consequences they may face should they fall short. Most "Who Do You Trust?" surveys rank politicians, lawyers and used car salesmen at the bo...
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