Ac 504 Ethical Issues - 1993 Words

Unit 6 Assignment AC 504 – Ethical Issues in Business Accounting June 23, 2015 Kumar Jadoo Abstract The Sarbanes-Oxley Act of 2002, which is also known as the Public Company Accounting and Investor Protection Act or the Corporate and Auditing Accountability and Responsibility Act and then more commonly called Sarbanes-Oxley, or SOX, is a United States federal law that set new or enhanced standards for all of the United States public company boards, management and public accounting firms. The SOX act contains eleven different title, or sections that range from additional corporate board responsibilities to criminal penalties, requires the Securities and Exchange Commission to implement rulings on the requirements to comply with the†¦show more content†¦Ã¯â€š § Corporate Responsibility – contains eight sections and mandate senior executives take individual responsibility and liability for the accuracy and completeness of corporate financial reports. ï‚ § Enhanced Financial Disclosures – consists of nine sections that describe the enhanced reporting requirements for financial transactions, including off-balance-sheet transactions, pro-forma figures and corporate officers’ stock transactions. ï‚ § Analyst Conflicts of Interest – consists of only one section which includes defines the codes of conduct for securities analysts and requires disclosure of knowable conflicts of interest. ï‚ § Commission Resources and Authority – consists of four sections which defines various practices aimed at restoring investor confidence in securities analysts, and the SEC’s authority to punish securities professionals who deviate from standard practices. ï‚ § Studies and Reports – consists of five sections and requires the Comptroller General and the SEC to perform various studies as well as report their findings. ï‚ § Corporate and Criminal Fraud Accountability Act of 2002 – consists of seven sections that describes the stiff criminal penalties associated with being guilty of manipulating, destroying or altering of financial records or otherwise interfering with investigations. ï‚ § White Collar Crime Penalty Enhancement ActShow MoreRelatedAristole962 Words   |  4 PagesEthics in Aristotle’s Philosophy Ruth Geter AC 504 Ethical Issues in Business and Accounting Unit 2 Assignment July 19, 2016 Aristotle Philosophy Introduction I have chosen Aristotle as my philosopher. â€Å"He was the first to argue that equals should be treated equally, and unequal’s should be treated unequally in proportion to their relevant differences† (Brooks and Dunn, 2014). In today’s society people sometimes lose sight of being ethical and often know what is right but chooses to notRead MoreMkc1 Study Guide Essay8083 Words   |  33 PagesConvenience products are purchased only infrequently B. Location accessibility is very important for specialty purchase C. Purchasing convenience products requires more planning time D. For specialty products image and quality are very important issues 7. What does a company marketing a shopping product include in its marketing mix? A. Domestic raw materials B. Long distribution channels C. Emphasis on seller’s image D. Its public relations 8. Which type of problem solving process do consumersRead MoreCissp Study Guide67657 Words   |  271 PagesISC CISSP ISC CISSP Certified Information Systems Security Professional Practice Test Version ISC CISSP: Practice Exam QUESTION NO: 1 All of the following are basic components of a security policy EXCEPT the A. definition of the issue and statement of relevant terms. 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Overall the text addresses the major questions and issues the authors have encountered over their 60 combined years of teaching project management and consulting with practicing project managers in domestic and foreign environments. The following questions represent the issues and problems practicing project managers find consuming most of their effort: What is the strategic role of projects in contemporary organizationsRead MoreStephen P. Robbins Timothy A. 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Outlook We expect 2015 to present similar opportunities for ANZ to those in  2014 with a continuation of a stable credit environment. In Australia and New  Zealand the consumer sector remains relatively buoyant and we expect a