Do you agree with the auditors position

Assignment Help Accounting Basics
Reference no: EM13997042

This article discusses earnings management in the post-SOX period. Please answer the following questions in about 3-4 pages double spaced in total.

Explain the purpose of the article, the method used by the author to conduct the study and the overall conclusions reached.

On page 61 toward the bottom in the paragraph that starts with "as such, GAAP could no longer be regarded....." Do you agree with this position? Why or why not? Do you think this is fair to managers who simply want to follow GAAP? Why or why not?

Do you personally think conservatism has increased since SOX? Why or why not?
The author states "auditors will not use the audit opinion to police bad business practices, even if they involve earnings management". How do you explain that? Do you agree with the auditors' position? Why or why not?

Attachment:- article_1.pdf

Reference no: EM13997042

Questions Cloud

Xslt elements that provide conditional processing : What are the two XSLT elements that provide conditional processing ? Describe how the functionality provided by these two elements differs.
Discusses security configuration on network devices : Write a 3-4 page summary that discusses security configuration on network devices. Explains Authentication, Authorization and Access Control. Defines secure network administration policies and how they can be applied to your future IT career.
How can the auditor resolve these risks : how much information should go into the documentation. Based on your understanding of the issues in this section, do you think the auditor should include more material than necessary just to protect him/herself? What are the pros and cons of such ..
Identify your type of website in design : 1. Identify your type of website in design, then write a brief paragraph describing the site's overall purpose and target audience.2. List three goals for your web site.3. List elements in addition to text - photos, music, animation etc.
Do you agree with the auditors position : Do you personally think conservatism has increased since SOX? Why or why not?The author states "auditors will not use the audit opinion to police bad business practices, even if they involve earnings management". How do you explain that? Do you ag..
Discuss offenders of convicted murder : Go to the New York Times Website and read the article titled "Juvenile Killers and Life Terms: a Case in Point", dated October 13, 2012, Be prepared to discuss offenders of convicted murder
Particularly like about the style : Write a paper that discusses the following:? What features did you particularly like about the style? ? How suitable do you think the style would be for supporting a mobile device? Why? ? What features would you change about the style?
How many large eggs leave the plant each minute : The system works reasonably well, all things considered, except that Old Fred has a heavy hand and on the average breaks 30% of the 120 eggs that pass by him each minute. At the same time, a check of the "X-large" stream reveals a flow rate of 70..
Describing the differences between css and css3 : Research CSS (Level 1) vs. CSS3 Write a one-page paper describing the differences between CSS and CSS3. Include a table of 10 differences of CSS and CSS3 in your paper.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd