What is your perception of the companys stock performance

Assignment Help Accounting Basics
Reference no: EM131517784

Assignment

Koss Corporation (Ticker: KOSS), a manufacturer of headphones, was subject to a significant case of fraud perpetrated by its Principal Accounting Officer. Research and discuss the prevalent facts of this high-profile case, using the following questions as a guide:

• How long did the fraudulent activities persist and how much was the total loss due to fraud?

• What were the chief administrative and organizational structure shortcomings that provided motivation, rationalization, and opportunity for the Principal Accounting Officer?

• What is your perception of the company's stock performance since the fraud was publicized? Does the company appear to have recovered?

• Name a single internal control procedure that could have prevented the opportunity for the Principal Accounting Officer to commit fraud. Do not duplicate those procedures proposed by classmates.

Reference no: EM131517784

Questions Cloud

Does your equal payment period match compounding period : Does your equal payment period match the compounding period?
Determine the average age of accounts payable : Determine the average age of accounts payable and payable turns for the construction company in Figures 6-1 and 6-2. Use only the material and subcontract.
United health care organization : Create a matrix that describes opportunities for your selected organization to refine or expand its sustainability efforts.
Users glean from an analysis of the statement of cash flows : What can creditors, investors, and other users glean from an analysis of the statement of cash flows?
What is your perception of the companys stock performance : What is your perception of the company's stock performance since the fraud was publicized? Does the company appear to have recovered?
Determine the collection period-with and without retention : Determine the collection period-with and without retention-and receivable turns for the construction company in Figures 6-1 and 6-2.
How could it impact the nation : What should the United States be concerned about with Agro-terrorism and how could it impact the nation?
Is there sufficient evidence to reject the defense claim : Is there sufficient evidence to reject the defense claim that deaths on shifts are independent of whether Gilbert was working?
Write paper regarding the regulation of financial reporting : Write a paper (2,000 to 2,500 words) regarding the regulation of financial reporting, as established through the Securities Act of 1933

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