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The Role of Government and Regulation

Corporate versus government bonds

Please help answer the following questions regarding bonds. Capital market is mainly for raising of long-term finance, products traded are normally government bond, corporate bonds etc. 1. What is the difference between corporate and government bond? 2. Explain why do municipalities and state-owned enterprise issue bon

Many people blame financial deregulation for the downfall of the financial sector. Do you agree or disagree? Please be specific, especially about the nature of the relevant deregulation.

White paper outlining the evolution of banking regulation in the United States. Beginning at reforms in the 30's (Glass-Steagall Act) enacting in response to the banking crisis' portion of the Great Depression, the paper makes a case for why financial deregulation of 1999 (Gramm-Leach-Bliley Act) was not directly to blame fo

Government Employees and Strike Penalties

Discuss the proper penalty for a strike of government employees, such as those providing an essential service to the public. In the New York City Transit Strike, penalties were assessed to the union president and the members. Do you consider these fair and appropriate? Link to article: http://en.wikipedia.org/wiki/2005_Ne

Role of the Professional Accountant

The increased availability of readily accessible information has provided professional accountants with news of changes in the industry that can impact their roles. Fortunately, immediate access to changes in laws, regulations, and standards is available through the websites of both federal and state governments, as well as asso

Match organizations associated with the public accounting profession's actOrganizations associated with the public accounting profession Several private and public sector organizations are associated with the profession. Listed below are activities pertaining to these organizations. 1. License individuals to practice as CPAs. 2. Promulgate GAAP. 3. Issue Statements on Auditing Standards. 4. Regulate the distribution and trading of securities offered for public sale. 5. Establish its own code of professional ethics. 6. Issue Statements of Financial Accounting Standards. 7. Impose mandatory continuing education as a requirement for renewal of license to practice as a CPA. 8. Issue disclosure requirements for companies under its jurisdiction that may exceed GAAP. 9. Issue auditing interpretations. 10. Cooperate with the AICPA in areas of mutual interest such as continuing professional education and ethics enforcement. 11. Take punitive action against an independent auditor. 12. Establish accounting principles for state and local governmental entities. 13. Establish GAAS. 14. Suspend or revoke a CPA's license to practice. 15. Establish quality control standards. 16. Operate as proprietorships, partnerships, or professional corporations. 17. Issue government auditing standards. 18. Administer federal tax laws. Required Indicate the organization or organizations associated with each activity.

Organizations associated with the public accounting profession Several private and public sector organizations are associated with the profession. Listed below are activities pertaining to these organizations. 1. License individuals to practice as CPAs. 2. Promulgate GAAP. 3. Issue Statements on Auditing Standards. 4. Regu

Ledgers for trial balance and statement of revenues

Prepare ledgers for all journal entries, include trial balance and statement of revenue a estimated Revenue- property taxes 275000 estimated Revenues - licence Fees 35,000 Appropriations - salaries 205,000 Appropriations - Supplies 40,000

21-24 Operational auditing; 21-26 Government auditing standards

21-24 Operational auditing; 21-26 Government auditing standards See attached for detailed requirements Modern Auditing 8e 21-24 Operational auditing Required a and b 21-26 Government auditing standards 15 questions See questions and requirements attached

Case analysis: Registration of stock issue for Langley Brothers in Kansas with SEC. It discusses the exempt securities pursuant to the Securities and Exchange Act and regulation A.

Langley Brothers, Inc., a corporation incorporated and doing business in Kansas, decides to sell no par common stock worth $1 million to the public. The stock will be sold only within the state of Kansas. Joseph Langley, the chairman of the board, says the offering need not be registered with the Securities and Exchange Commi

Budgets in Government and Non-Profits Accounting

The following information was drawn from a county's general fund budgets and account for a particular year (in millions). Amended Budget Original Budget Actual Results (Budget Basis) Revenues Property Taxes $46.6 $42.5

Market Forces and Unionization

In an essay, describe your chose industry's receptivity to unionization. What are the factors that lead you to your determinations? Perform a labor market analysis to support your conclusions. In your analysis, be sure to include any data you can find on the labor and capital tradeoff for your industry. Also include: Regu

What form of partnership allows some of the investors to limit liability

1. What form of partnership allows some of the investors to limit their liability? Explain by giving examples. 2. When does insider trading occur? What government agency is responsible for protecting against the unethical practice of insider trading? Explain by giving examples. 3. Explain how the tax code allows

Performance measurement for a branch of government in The Netherlands

See attached file. Evaluate the findings of the authors in regards to the validity of introducing performance contracts into a branch of government in The Netherlands. Analyse the effectiveness of the performance measurement system discussed in terms of crime and employee satisfaction. Support your argument with evidence from

The basic group plan is a group term life insurance coverage in which all eligible employees are put into the plan as soon as they are hired, except for those who opt out of the plan. The basic group plan covers an employees annual basic pay rounded up to the nearest $1000 with an additional $2000. There are three options (option A adds $10,000 to the basic plan, Option B offers adds up to 5 times the employees basic pay, option C offers coverage for an employees spouse and eligible children). An employee can add on after they are enrolled in the basic plan. The government will pay for one third of the premium and the employee will pay the other two thirds of the basic group plan. The plan does not have offer a paid-up cash value. There is a coverage of accidental death and dismemberment in the basic and option A plans at no cost while there is none for option B and C (www.opm.gov). There are plans than pay significantly higher than others. There are also plans you can borrow against. In the end, our individual needs must be met as well as keeping budgetary concerns in mind. 1-We all need the coverage but at what price? All coworkers have different wants and different needs when it comes to life insurance plans. This is an area that no one want to talk about but at some point, those left behind will need this benefit. 2-What would coworkers want to consider as a part of the plan design? II-These benefits are very important. My wife and I always took advantage of these benefits when offered. 1- The insurance changes drastically when you buy insurance on your own?. 2- you must consider the entire benefit package as opposed to just salary? Why?.

Answer the questions is Employee Benefits Course: Human Resources. Please use your own words and it not allowed plagiarism, copy and paste or use website article and copy as answer or use your own thoughts. Thank you, I need the answer as soon as possible, I appreciate your help. I know you go to do wonderful job. I-The b

Government done to ensure businesses are ethical

Other than having oversight in business combinations, which serves to prevent monopolies, what has government done to assure that businesses are conducting themselves in an ethical manner? Is it working and how has it affected the economy?

Many corporations and government entities have an internal auditing function and a separate fraud investigation function either as a subunit of internal auditing or security or as a separate unit within the organization. In addition, many accounting and consulting firms have a forensic, investigation, and litigation support services. The financial forensic investigation techniques and procedures used both within an organization as well as within a professional service firm can come in different ways. For example, some forensic techniques for analyzing financial statements are common for financial auditors, fraud auditors, forensic accountants, and investigators. Other techniques, such as using behavior detection methods and interviewing methods, are primarily used in specific fraud investigation engagements. Please post an answer to the following questions. Support your answers with academic or real life criminal justice examples to accentuate your point. - In your opinion, are internal controls an effective way to protect organizations of internal and external fraud? Why? - Do you think that it is a wise investment to contract services that provide security against fraud or should it be an in-house department that provides fraud security services? Why?

Many corporations and government entities have an internal auditing function and a separate fraud investigation function either as a subunit of internal auditing or security or as a separate unit within the organization. In addition, many accounting and consulting firms have a forensic, investigation, and litigation support serv

Is too much regulation exerted upon the circus? Is it all necessary?

Read the following excerpt from the Wall Street Journal: The smell of the greasepaint and the roar of the crowd, indeed. The circus of yesteryear, loved by children and fondly remembered by older folk, keeps running smack into the modern world. In 1992, tents must fall within local fire codes. If the clown isn't a U.S. citi

Government's involvement in and regulation of employee benefits

Please answer this questions. (Human Resources Questions) First: Other than the mandates of the Internal Revenue Code (IRC) and a few other ineffectual reporting and disclosure requirements, benefit programs were practically unregulated by the federal government. Before the major shift that came with the enactment of the Em

Implement new theories into practice in state government

State government is perceived to be slow to change and adapt new ideas in management and business operating practices. What would be the best way to implement new theories into practice? Would the continuous change in elected officials create a difficult atmosphere for implementing and successfully using new management and busin

While the SOX Act of 2002 as many different sections, it would be important to focus on some of the major changes that were implemented. AUDITORS: First the act called for the creation of the PCAOB (Public Company Accounting Oversight Board), which in effect is a Government entity that controls public accounting. This is a major change in profession. For many years the profession was self-regulated. That is there was no direct Government involvement. With the PCAOB this entities charter is to audit the auditors. Another change was the type of services that could be offered and the approval authority for those services. In this case services must be approved by the Audit Committee of the Board of Directors and secondly auditor can not offer or provide certain services to their audit clients. This includes consulting services, accounting services, IT services, certain tax services and any other service that would cause a conflict of interest. This section was in direct response to the critics that argued that Anderson sold out to Enron as they were also the consultants to this company and was in effect advising the company on the services that were being audited. COMPANY: The major change directly affected executive management. While there were other processes in place that indicated that management was responsible for the financial information presented to the general public, SOX forced the executives (CEO and CFO) to provide a quarterly certification letter indicating that the necessary internal controls are in place, operating and effective. On the other hand, SOX provides under Section 302 that the management assessment of the control environment shall be audited by the external auditor and that the auditor would provide a report on the internal controls. DISCUSSING CHANGES: With these issues in mind, it will be important for each one of you to research the SOX Act in more detail, read current literature on how this affects your organization (if applicable) or the business community in general.

While the SOX Act of 2002 as many different sections, it would be important to focus on some of the major changes that were implemented. AUDITORS: First the act called for the creation of the PCAOB (Public Company Accounting Oversight Board), which in effect is a Government entity that controls public accounting. This i

Market Trends: Productivity, Wages & Price Elasticity of Demand

Describe the market trends that a Auto Industry will face. Explain your conclusions. Address how each of the following will or will not change, and why: Productivity: Consider the law of diminishing marginal productivity Cost structure o Wages and benefits o Fixed and variable costs Price elasticity of demand Effec

Complete an external environmental scan of your organziation

See attached file. Complete the external environmental scan for your organization. Perform an internal, competitive environmental scan for your organization. Write a summary that does the following: - Identifies and analyzes the most important external environmental factor in the remote, industry, and external operatin

Current Market Conditions Analysis

I need help with a Current Market Conditions Paper only of no more than 850 words analyzing the current market conditions of the Auto industry with no plagiarism to do my power-point slides(Iâ??ll do the PWP). Make sure to list all the references. Address the following topics: SEE BELOW â?¢ Supply and demand analysis

ETHICAL DILEMMAS Below are several situations that present ethical questions in a business. Discuss each situation: (a) from the strictly legal viewpoint (b) from a moral and ethical viewpoint, and (c) from the point of view of what is best in the long run for the company. Be sure to consider both short and long range consequences. Also look at each situation from the perspective of all stakeholders (groups concerned: customers, stockholders, employees, government, and community). 1. A disgruntled employee of your major competitor mails top secret information or new product samples to you. Do you begin to do a dance on your desktop or do you immediately mail the information back to your competitor? What would you do? a. Throw the plans or secrets away. b. Send them to your research department for analysis. c. Notify your competitor about what is going on. d. Call the FBI. e. Other? 2. You are the general manager of a regional chemical company. In the course of producing your bulk chemicals, large amounts of particles and smoke are emitted through your plant's smokestack. The level of pollutants is below current EPA regulations, and you are violating no laws, but neighborhood groups are complaining about minor health problems caused by the smoke. After investigating numerous alternatives, you find the most effective solution would be to install a 'scrubber' system which will remove 90 percent of the pollutants and ash. Cost: $1 million. Do you install the system? 3. You are the vice president of a beer company in a state which sets the legal drinking age at twenty one. Your boss asks you to organize a lobbying effort to have the drinking age reduced to eighteen. 4. You are an accountant in a large firm. Your boss tells you to use a controversial accounting practice which will make the company's profits seem higher. She tells you it is only to impress stock holders and will not be used in statements submitted to the IRS.

ETHICAL DILEMMAS Below are several situations that present ethical questions in a business. Discuss each situation: (a) from the strictly legal viewpoint (b) from a moral and ethical viewpoint, and (c) from the point of view of what is best in the long run for the company. Be sure to consider both short and long