Running head: Nonprofits and SOX Heather Tanenbaum Student ID: 3750548620 Accounting Capstone: Senior Seminar in Accounting ACC499 004016 Summer 2009 Nonprofits and the Sarbanes Oxley Act Submitted: Submitted to: Tee M. Thein Table of Contents Abstract Introduction SOX regulations for nonprofits Reasons for nonprofits to adopt SOX Conclusion Research file memorandum Communication memorandum References Abstract Introduction
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Pérez BOSTON RED SOX INTRODUCTION Boston Red Sox is a professional baseball team of United States Major League based in Boston‚ Massachusets. It belongs to the East American Division League. The New York Yankees are their traditional rivals. 1.- TEAM HISTORY The Boston Red Sox were created in 1893 as a minor league franchise in the city of Toledo‚ Ohio in the Western League. Then moved to Boston when that league became the American League in 1900. The name of Red Sox was chosen by owner
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out some of the expected costs based on a survey completed by PricewaterhouseCoopers in June 2003. The article states the direct costs associated with this act are the accounting and auditing fees. The survey estimated $2 million in first-year compliance‚ 12‚000 hours of internal work‚ 3‚000 hours of external work and additional audit fees of $590‚000. (D ’Aquila) While large companies may be able to afford these types of costs‚ there are smaller companies that are required to have the same standards
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requirements of the Sarbanes-Oxley Act of 2002 (SOX). The company recently lost its Chief Risk Officer and is not prepared to implement corporate governance and SOX requirements or best practices. Also‚ CareNetWest has neglected to implement regulatory risk processes to address these corporate compliance issues and also lacks the internal expertise necessary to mitigate them. Specifically‚ the company lacks internal experience‚ communication skills and compliance of SOX. Wal-Mart is one of the world’s largest
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Should Smaller Public Companies be Exempted from Complying with SOX Section 404(b)? ABSTACT On July 21‚ 2010 the Dodd-Frank Wall Street Reform and Consumer Protection Act provided the non-accelerated public companies (those with a market capital below $75 million) a permanent exemption from complying with the Sarbanes-Oxley (SOX) Section 404(b). The Section 404(b) would have required these smaller companies to do what larger companies over the $75 million market cap are currently doing;
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The Impact of the 1919 Black Sox Scandal The 1919 Black Sox Scandal is one of the most skeptical topics in Major League Baseball history. The 1919 World Series was battled out between the Chicago White-Sox and the Cincinnati Reds. In fact‚ this particular match-up was picked to be the most competitive world series yet‚ but it most certainly was not. After the Cincinnati Reds clinched the World Series title‚ the story behind the scenes began to unfold. This shocking and quite shameful story would
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Chicago White Sox were playing the Cincinnati Reds in the 1919 Major League Baseball World Series. While the Reds finished eight games above Chicago‚ the “Sox” were still heavy favorites because of their solid pitching rotation‚ gold-glove infield‚ and power hitting outfield led by Joe Jackson. Yet when pre-game betting odds quickly switched from Chicago to Cincinnati‚ many cynics‚ including future commissioner‚ Kenesaw Mountain Landis‚ immediately grew wary. When the Reds blew out the Sox ace Cicotte
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youtube.com/watch?v=vLkwQ7ZF5Wc Factory Locations: We own and operate two factories making Hasbro products -- one located in Massachusetts‚ USA and the other located in Waterford‚ Ireland. Slides: 1) Agenda 2) Introduction 3) Marketing Issues 4) Market Segmentation 5) Customer
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Microsoft - Ethics and Compliance Microsoft Corporation provides a wide range of services and products worldwide. They are responsible for developing‚ manufacturing‚ licensing‚ and supporting a large range of software products made for computing devices (Microsoft‚ 2007). They are part of the technology sector‚ and are a key player in the software & programming industry (Google‚ 2008). Microsoft is a United States based multinational company‚ with employees around the world. Team A will analyzing
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Sarbanes-Oxley Act (SOX Act) is too stringent and gives too much power over companies to governing bodies‚ i.e. the Public Company Accounting Oversight Board (PCAOB) (Hunter‚ 2007). It discusses how the SOX Act is unfair to domestic and foreign and small and large companies‚ their shareholders‚ and the public. The piece explains how the Act may compel some companies to use unethical actions to conduct business and prevent accruing penalties (Hunter‚ 2007). LEGAL ISSUE The article exposes
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