Securities and exchange act

Assignment Help Business Law and Ethics
Reference no: EM131542310

Your accounting firm help prepare a 10k filing under the 1934 Securities and Exchange Act, for a real estate investment corporation. The filing contained valuation of large tracts of vacant land owned by company in Colorado. When stating the value of this land in the 10K you relied on the valuation by an appraiser hired by the real estate corporation. The facts will show that when that real estate appraiser first valued this land, she valued it at $500 per acre. When that was presented to CEO of the corporation he said that was not high enough because they had paid $2000 per acre for it prior to the 2008 crash and it needed to be valued at least at $2500 hundred per acre. When the appraiser refused they change her mind, the CEO hired another appraiser and made it clear that the land must be valued at $2500 per acre. This appraiser was promised a lot of money for appraising it at that value. You, as the auditor did not know anything about that, but could have discovered the truth.

Investors in this company have now sued you because once this fraud was disclosed the value of their shared dropped substantially, and they want the money they lost from your accounting firm. Will you win or lose? Explain fully with the correct rule and a complete explanation.

Reference no: EM131542310

Questions Cloud

Use the correct rule of law and do a complete analysis : Your client has sued you for the loss that he suffered due to paying too much for business could you be liable? Use correct rule of law and do complete analysis
How did the civil war become a total war in 1864 : How and why did the Union's war effort transition from a war to preserve the union to a war against slavery?How did the Civil War become a "total war" in 1864?
What is the real exchange rate : Suppose that an automobile costs $30,000 in the United States and 25,000 Euros in France. Further suppose that the exchange rate is .8.
How has mexicos rule of law deficit led to rise of vigilante : The Rise of Mexico's Self Defense Forces: Vigilante Justice South of the Border. How has Mexico's Rule of Law Deficit led to the rise of the vigilante groups?
Securities and exchange act : Your accounting firm help prepare a 10k filing under the 1934 Securities and Exchange Act, for a real estate investment corporation
Review the given articles : How does religion and/or religious belief inform responses to disease or the fear of disease? What can we learn from historic, religious responses to disease.
Do you believe authors suggestions will work in mexico : The author gives some suggestions on how to decrease the prevalence of these vigilante groups. Do you believe his suggestions will work in Mexico?
Explain fully with the appropriate rule of law : Explain fully with the appropriate rule of law and a complete legal analysis
Why does nexus of drug cartels and gangs in central america : How and why does the nexus of drug cartels and gangs in Central America and Mexico pose a threat to the United States?

Reviews

Write a Review

Business Law and Ethics Questions & Answers

  Discuss the applicable law

Discuss the applicable law(s) and then apply the law(s) to the material facts in the problem. In discussing the law, describe each element of the law and the facts that apply to each element. Include a discussion of any possible defenses

  Claiming reward for solving crime

Slattery, an independent, licensed polygraph operator, was employed by law enforcement authorities to question a suspect. During the testing, which was conducted over two days

  Scenerio jesse james a 20-year old was arrested for killing

scenerio jesse james a 20-year old was arrested for killing a police officer. as a newly elected prosecutor you are

  Information on one federal judicial decision

Locate information on one Federal Judicial decision regarding contract law (you can include Supreme Court decisions in your choice if you prefer). In a 1-2 page paper, discuss the issues surrounding this decision

  Did they observe anyone in the company of the child

Did they witness anyone acting suspiciously? Did they observe anyone in the company of the child? Can they describe or identify the subject? Do they know the name or location of the subject?

  Identify what type of criminal typology could be applied

Identify what type of criminal typology could be applied here based on your lesson notes.Determine what kind of property crime has occurred, and explain why you would say that this crime is categorized as such.

  Develop a plan of action to help both student and educator

Develop a plan of action to help both the student and educator to remediate such behaviors and create a classroom that provides for both the needs of the student and educator. How can these changes be beneficial to both the educational and justice ..

  Discuss the scenario and apply core concepts

Keep in mind that with decision making, employee motivation, and group behavior, so find a scenario that is most applicable in those regards. Discuss the scenario and apply 2 core concepts

  Describe the process that the offender would go

Describe the process that the offender would go through in the criminal justice system, beginning with arrest. For purposes of this assignment you are to assume that the offender will be eventually convicted, thus your paper should also include al..

  How managing business ethics has helped the sector

MMH733: Ethics for Managers Assignment. Explain what factors are driving the sector to manage business ethics more effectively. Elaborate how managing business ethics has helped the sector

  What would be a good plan to recommend to greg parents

Compare the dangers of exposure to videogame violence with other forms of violence. What are similarities and differences between videogame violence exposure and the other type of violence you chose to compare?

  What about the ship''s doctor being present

What do you think of a leader using such brutal honesty? Mister Roberts in part defends what he says by stating that Pulver asked him, but even so, does that give a leader full license to criticize someone so harshly? Does the fact that the crit..

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