Reference no: EM131063708
Read the case study titled F C International prior to doing this assignment. Write a five to six (5-6) page paper in which you:
1. Over time, there has been significant legislation passed, such as Sarbanes-Oxley, yet corporate fraud is still pervasive in today's business environment. Suggest three (3) new ways that you believe will eradicate corporate fraud.
2. In the F C case, inventory manipulation was used to enact the fraud. Discuss the proper internal controls needed over inventory and how these controls will act as a deterrent to fraudulent activities.
3. For a moment, step into the shoes of Catherine Sprauer at F C International. Indicate what you would have done following each of the confrontations she had with the two employees who insisted that F C executives were involved in a fraudulent scheme to misrepresent the company's financial statements.
4. Discuss how accounting firms should modify their audit procedures to ensure the risk of financial fraud is minimized.
5. Discuss how the Securities and Exchange Commission (SEC) continues to fail to detect fraudulent activities in publically traded companies. Suggest a recommendation for improvement.
6. Evaluate whether legislation and regulatory agency oversight will increase or decrease corporate fraud. Explain your position.
|
What is the initial investment outlay
: Talbot Industries is considering launching a new product. The new manufacturing equipment will cost $10 million, and production and sales will require an initial $4 million investment in net operating working capital. The company's tax rate is 30%. W..
|
|
Implementing a new patent framework to promote innovation
: Senator Patrick Leahy looks on as President Barack Obama signs into law the America Invents Act, a law Leahy had authored with the aim of boosting the rate of U.S. innovation via an overhaul of the nation's patent system.
|
|
What is the new value of the company equity
: Buckeye Industries has a bond issue with a face value of $1,000 that is coming due in one year. The value of Buckeye’s assets is currently $1,290. Urban Meyer, the CEO, believes that the assets in the firm will be worth either $860 or $1,380 in a yea..
|
|
Write a three to five page paper about wwii
: Write a three to five page paper about WWII from separate sources dealing with the operational, organizational and ordinance differences between both sides of your battle and how that affected the outcome.
|
|
How these controls will act as a deterrent to fraudulent
: Discuss how the Securities and Exchange Commission (SEC) continues to fail to detect fraudulent activities in publically traded companies. Suggest a recommendation for improvement.
|
|
The accumulated interest and partial principal
: Gene Milton borrowed a sum of $5,000 from his rich uncle Ben. After three years, Gene paid a sum of $4,000 towards the accumulated interest and partial principal. He also paid a sum of $2,500 at the end of five years to pay off the loan. The interest..
|
|
Question regarding the supply and demand analysis
: Question 1: Using supply and demand analysis, explain and illustrate graphically the effect of the following situations. Population growth surges rapidly; The prices of resources used in the production of good X increases;
|
|
Equivalent uniform annual cost of two hydraulic systems
: What is the equivalent uniform annual cost of two hydraulic systems with expected 30-year life with the following features? The first hydraulic system requires annual operating, maintenance and repair cost of $1000, and it has a useful life of 15 yea..
|
|
What is the conversion premium for this bond
: You have been hired to value a new 30-year callable, convertible bond. The bond has a coupon rate of 5.4 percent, payable semiannually, and its face value is $1,000. The conversion price is $62, and the stock currently sells for $49. What is the mini..
|