Auditing a Publicly Traded Company As a Staff I assigned to the audit of a publicly traded company‚ your senior has asked you to evaluate both share-based payment reporting and special purpose entities (SPE) reporting for the company. Research share-based payment reporting and SPE reporting individually. Write a 700- to 1‚050-word executive memo as a team that includes a description of what you will look for to see if the client is consistent with the generally accepted accounting
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eliminates an alternative accounting method; consequently‚ similar economic transactions will be accounted for similarly” (para. 4). Special purpose entities or SPEs are defined by Crawford and Fredericks (2003) as “A separate legal structure created by a firm to provide liquidity and/or obtain favorable external funding” (para. 4). SPEs are often used to reduce larger risk by corporations. These structures assist corporations to obtain financing as well as assets. It appears that with this rule
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Describe the ecclesiology of Sacrosanctum concilium Sacrosanctum concilium‚ the constitution on the liturgy of the Church‚ brought about the liturgical reform post-Vatican II. Though it was the reform of the liturgical practices of the church it had much to say about what the Church is‚ the ecclesiology. Massimo Faggioli says that “the combination of liturgical reform and ecclesiological renewal in the Catholic Church represents the beating heart of Sacrosanctum concilium” (Faggioli 59). The renewal
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Educating Special Needs Students 1 Angela Anthony Grand Canyon University: SPE-226 December 1‚ 2013 Educating Special Needs Students 2 Educating special needs students can be challenging for all individuals involved. Students who may have intellectual disabilities‚ autism‚ and severe or multiple disabilities can have many bumps along the road of education. The impact of having a disability as a student can affect not only the student and the parents‚
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Enrons Fall Kenneth Lay – CEO Auditors – Arthur Anderson Jeffrey Skilling – Consultant‚ Hired as a young consultant‚ as due to deregulation‚ Enron incurred massive debts. Jeffrey skilling was hired to come up with innovative new ideas. His revolutionary idea for Enron was to ‘create a gas bank in which Enron would buy gas from a network of suppliers and sell to a network of consumers‚ contractually guaranteeing both the supply and the price‚ charging fees for the transactions and assuming the
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drive to maintain reported earnings growth‚ however‚ had led Enron to aggressive accounting policies to accelerate earnings. In particular‚ the ‘special purpose entities’ (SPEs) Enron used to move assets and liabilities off the balance sheet attracted most attention. The financial involvement of Enron officers and employees in the SPEs led to further questions. Enron executives regarded themselves as an elite. The company had largely left behind the Texan ‘good ol’ boy’ culture – and certainly the
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employees‚ but also the shareholders‚ U.S Citizens and also the impact that it had on other countries that Enron was affiliated with. The focus of this paper is on the creation of Enron’s business model that resulted in the fall of Enron. Also‚ how the SPEs and the Raptors come to play in assisting Enron. After the Enron scandal broke out‚ a new legislation was introduced and passed to prevent similar scandals from erupting again. In investigating Enron on their deregulatory schemes‚ it will help other
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investors‚ Enron needed to find a way to hide those debts. Andrew Fastow‚ CFO of Enron‚ turned to Special Purpose Entity (SPE). Several legal entities such as LJM and raptors were created and the poorly performing stocks were transferred to these entities. Then‚ the SPE were used to borrow large sum of money from investors with Enron’s overpriced stock as collateral. These SPEs were not reported on the financial statements. In this way‚ the debts were hidden from the stakeholders. Also‚ the borrowed
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EMOTIONAL‚ BEHAVIORAL‚ AND PHYSICAL DISABILITIES Emotional‚ Behavioral‚ and Physical Disabilities Katy J. Kaldenberg Grand Canyon University: SPE-226 Educating the Exceptional Learner Wednesday‚ January 18‚ 2011 Emotional‚ Behavioral‚ and Physical Disabilities The education of students who have emotional and behavioral disorders‚ physical disabilities‚ health impairments‚ or traumatic brain injuries can be a difficult and challenging task if proper teaching strategies
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SPE 226 12/12/13 Katie Sprute Lifelong Learning An individual with a disability can experience a very involved and difficult life. The sooner an individual is diagnosed with a disability‚ the sooner intervention can take place and the sooner that individual will be able to begin the learning process. The individuals were assessed so that an intervention could take place however some of these assessment methods and outcomes may have to be revisited. There are educational programs and services that
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