Table of contents: 1. Introduction ---------------------------------------------------------------------------------- -2- 2. The first effect: accountants responsibility increase * Special sections of SOX that increase accountants responsibility by imposing criminal liability------------------------------------------------------------------------------------------ -3- * Accountants independence resulting in a higher responsibility of accountants------- -4- * Fraud decrease
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“Accounting did not cause the recent corporate scandals‚ unreliable financial statements were the results of management decisions‚ fraudulent or otherwise”. (Lin & Wu‚ 2006‚ para. 5) Waste Management‚ HealthSouth‚ Enron‚ Satyam and Madoff are just a few names that come to my mind when I think of fraudulent accounting. Disguised loans‚ inflated income‚ improper accounting and misstated earnings‚ different words all describing the same thing‚ FRAUD. Fraud affects the company‚ the consumers
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Ala.R.Evid. 404(b)‚ provides for: 1) the exclusion of collateral acts offered to show character – good or bad --‚ and; 2) provides exceptions‚ such as where a collateral act of the defendant is offered to show motive‚ intent or plan. Thus‚ for the Burbank evidence to be admissible under the “collateral act” exception‚ it cannot be used to show how “bad” an actor DG is‚ but must be couched in terms of motive‚ intent or plan. Pattern and Practice Frequently‚ lawyers confuse Rule 404(b) “collateral
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full joint product set. start with demand for the highest value product (405) This average is 19% [(246 - 200) (246)]. This does and work back unsold production to the next lowest imply 5 different costs for the 5 different products‚ value product (404) to fill sales demand‚ and so forth based on the 5 different selling prices. As long as no until 401 sales demand is filled (see Exhibit A). product switching occurs‚ the basic idea is easily The idea is to minimize potential revenue loss. preserved
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-oxley/ Public Company Accounting Oversight Board. (2015). PCAOB oversees. Retrieved June 4‚ 2015 from http://pcaobus.org/Pages/default.aspx Rouse‚ M. (2008‚ January). Sox Section 404 (Sarbanes-Oxley Act Section 404). Retrieved June 6‚ 2015 from http://searchfinancialsecurity.techtarget.com/definition/SOX-Section-404 Sox-Online.com. (2012). Sarbanes-Oxley Act Section 802: Criminal penalties for altering documents. Retrieved June 5‚ 2015 from http://www.sox-online.com/act_section_802.html Spear
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refer to SOX as one of the toughest act because the cost of complying with SOX section 404‚ dealing with internal controls‚ cost many companies on average million to billions of dollars each year. The article also states that in 2010‚ The Dodd-Frank Wall Street reform and consumer protection act of 2010‚ changed SOX by exempting all public companies classified with less than 75 million assets from complying with SOX 404. The article touches on the impact of small companies going private to avoid SOX requirements
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loud. People take each word’s first alphabet to create LOL. And for ‘he’s 404’ means he is clueless. This word includes coinage and ideogram. For coinage‚ usually when a web page cannot be found‚ then the internet will pop up a 404 web page to inform you. Therefore when we cannot find someone‚ we can call him 404. And for ideogram‚ people instead of saying directly he’s clueless‚ they refer to the picture of the web site 404‚ so it is a ideogram. The next one is ASAIK. ASAIK means ‘as soon as I
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Poe‚ Edgar Allen. "The Tell-Tale Heart." Retellings: A Thematic Literature Anthology. Eds. Clarke‚ M.B. and A.G. Clarke. Boston: McGraw-Hill‚ 2004. 404-407. The narrator of "The Tell-Tale Heart" insists that he is not mad‚ but his actions and narrative voice seem to indicate otherwise. What evidence of madness do you find in his behavior? His style? As you are thinking about the latter‚ you might want to pay special attention to the metaphors he uses and to the sounds and rhythms of his sentences
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In my opinion‚ the most significant chapter in the Johnstone text would have to be Chapter 15. It’s about the discussion of the future viewpoint on religion is addressed. Religion in its historical context‚ and as a society‚ we will not have faith until today without substantial foundation. However‚ I believe Chapter 15 is significant because as a society we must also know what religion has to offer in the future as well as have an insight on the possibilities that might occur based on what has
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