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Based on your readings and review of utilitarianism, categorical imperative, veil of ignorance and Aristotles Golden Mean, write a 3-4 page paper, double-spaced, applying each of the philosophies to the following ethical scenario using the IRAC method (link to IRAC).
Case Study Scenario:
You are an internal auditor of a small rural bank with 3 branches. The bank's customers are mainly farmers. The bank is a publicly traded corporation (OTC) and qualifies under the Sarbanes-Oxley Act of 2002 (SOX) regarding financial reporting requirements since the bank has over 500 shareholders and over $10 million in assets. Section 806 of SOX specifically requires that the CEO and CFO personally certify as to the accuracy of the financial statements. The CEO has asked you to make specific journal entries that appear to be improper and definitely unusual in nature. You have some reservations about the CEO's request for these journal entries. You have been recently hired by this bank. You are the parent of newborn twins and recently purchased a new house. Additionally, this bank is the largest employer in the county with approximately 150 employees. (Ignore the separation of duties issue).
What is the underlying rationale for Alimony Rules:
Assume that retained earnings increased by $240,000 from December 31, 2005, to December 31, 2006, for Miller Corporation. During the year, a cash dividend of $140,000 was paid.
Determine Debbie's and Elizabeth's realized gain or loss, recognized gain or loss, and the basis in their new property.
Jarrett owns a mountain chalet that he purchased in 1999 for $175,000. This year, the home appraised at $300,000. Shortly after the appraisal, a blizzard hit the area in spring of the current year
Examine the effect of both full-cost and variable-cost transfer pricing methods on Phipps' cash flows by using a spreadsheet program such as Excel.
On January 1, 2009, Boston Company purchased a heavy duty machine having an invoice price of $13,000; Boston paid transportation and installation costs totaling $3,000. The machine is estimated to have a 4-year useful life and a $1,000 residual va..
What are the eight steps in the accounting cycle and how do they affect the financial statements? What happens if one is missing?
Create a situation or scenario in which it may be appropriate to recognize revenue as the productive activity takes place. State whether or not there are any other times appropriate for recognizing revenue. Provide a rationale with your response.
Kim is measuring her retirement plan. Assume she has $500,000 when she retires in an account that earns at an effective annual rate of 9%.
Maria who is single had the following items for 2010; Determine Maria's adjusted gross income for 2010?
Among its 5,000 employees were 165 youngsters aged 14 and 15 who worked full-time during the day and were paid at a rate less than the minimum wage. Which statement is true in accordance with the general rules of the Fair Labor Standards Act?
How could the foreign competitors profitably sell a similar product for less than manufacturing costs to Houston Electronic?
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