Select a publicly traded company for which an Accounting and Auditing Enforcement Release (AAER) was published...

Select a publicly traded company for which an Accounting and Auditing Enforcement Release (AAER) was published on the U.S. Securities and Exchange Commission (SEC) website at http://sec.gov/divisions/enforce/friactions.shtml in the past two years. Submit the company name to the instructor for approval. Please note that each student must research a different company.

After obtaining instructor approval, review all AAERs published during the five-year period and SEC Complaint relating to this company during the past five years, as well as information available on the company’s Investor Relations website to evaluate the following items.

Prepare a 10-12 slide PowerPoint presentation (excluding title page, abstract, references page, and appendices containing financial analysis) containing detailed speaker’s notes for each of these slides presenting the findings of your analysis of the AAERs and SEC Complaint. Your presentation should discuss the following:

Explain the history of corporate accounting responsibility.
Discuss how you think that CSR has influenced social accounting.
Ethics, accounting, and legal issues involved in the AAERs and SEC Complaint.
Role of accountants in recognizing and assessing ethical issues when performing audits of financial statements, management accounting, internal auditing, and not-for-profit accounting.
Ethics standards contained in the AICPA Code of Professional Conduct.
Ethics requirements of the Board of Accountancy for the State in which you intend to pursue CPA licensure.
Current trends and events illustrating the importance of ethics in the accounting profession.

Expert Solution

ekkarill92 answered 1 year ago

SEC Accounting and Auditing Enforcement Release (AAER) No. 108 specifies certain conditions or criteria that a...

SEC Accounting and Auditing Enforcement Release (AAER) No. 108 specifies certain conditions or criteria that a bill and hold transaction of a public company should meet in order to qualify for revenue recognition. The AAER also specifies certain factors that should be considered in evaluating whether a bill and hold transaction meets the requirements for revenue recognition. AAER No. 108 states that a “bill and hold” transaction should meet the following conditions: The risks of ownership must have passed to...

Select a publicly traded company and a publicly traded, large partnership. Analyze how they are treated...

Select a publicly traded company and a publicly traded, large partnership. Analyze how they are treated for tax purposes. Describe the differences in taxation of their income, formation, dissolution, and liquidation, as well as the responsibilities borne towards creditors and taxing authorities by partners, shareholders, partnerships, and corporations. As a CPA in public practice, which type of business organization would you advise a client to adopt among sole proprietorships, various forms of partnerships, and various forms of corporations? MAKE A...

Select a publicly traded company that had an accounting change during the reporting year. Then, complete...

Select a publicly traded company that had an accounting change during the reporting year. Then, complete the following: Obtain the 10K report of the company for the immediate past year. Provide a summary of the corporation’s primary operations. Describe the different sections of the annual report. Explain the key items covered in the financial section of the report. Discuss the accounting change the entity reported during the year. What impact did the change have on the financial statements. Describe in...

Select a successful publicly traded company that you are interested in and use the Internet to...

Select a successful publicly traded company that you are interested in and use the Internet to research its use of inventory management systems and technology. Examine the inventory management system of the selected publicly traded company. Determine the key ways that inventory management systems and technology have given the selected company a competitive advantage in the marketplace. Evaluate the efficiency of two common inventory control systems. Determine the ways in which they provide a firm with a competitive advantage in...

Select a publicly traded company and access the company's most recent annual report (select the "Investors"...

Select a publicly traded company and access the company's most recent annual report (select the "Investors" menu item). Locate the notes to the financial statements and identify the information topics disclosed in these footnotes and explain the reasons for disclosure.

Select a publicly traded company (Mcdonalds) and access the company's most recent annual report (select the...

Select a publicly traded company (Mcdonalds) and access the company's most recent annual report (select the "Investors" menu item). Locate the notes to the financial statements and identify the information topics disclosed in these footnotes and explain the reasons for disclosure. Please share the link to the report.

Select the financial statement of a publicly traded company. Analyze the various financing options the company...

Select the financial statement of a publicly traded company. Analyze the various financing options the company employed. What other options might you recommend? Why would you recommend them?

Select a publicly traded company that trades on the New York Stock Exchange (NYSE) or on...

Select a publicly traded company that trades on the New York Stock Exchange (NYSE) or on the NASDAQ to analyze. Please note that it is usually easier to find more recent information on larger or well-known companies. The analysis in your essay should answer the following questions: 1. Why did you choose to analyze this company? 2. What were the opinions of some of your referenced articles on this stock as an investment? 3. Please note that it is best...

Intermediate Accounting: RESEARCH PAPER You are going to choose a publicly traded company (Yum Brands). Publicly...

Intermediate Accounting: RESEARCH PAPER You are going to choose a publicly traded company (Yum Brands). Publicly traded companies who have their shares listed on stock exchanges are required to file regular financial statements and disclosures with regulators, such as the securities and exchange commission (SEC) in the United States. Among the most widely read of these are a company's annual report, which tells investors and analysts how the company has performed over the previous fiscal year (FY), how its businesses...

Select a publicly-traded company and access the company’s most recent annual report (select the “Investors” menu...

Select a publicly-traded company and access the company’s most recent annual report (select the “Investors” menu item). Locate the notes to the financial statements and identify the information topics disclosed in these footnotes and explain the reasons for disclosure. Please no answer that has already been listed Thanks and cite if needed, please?

Question