As laws and regulations continue to grow and become more complex, the need for forensic accountants is sure to continue growing as well. An example of how regulations have grown (mirroring the demand for forensic accountants) can be seen by comparing the scope and length of the Sarbanes-Oxley Act of 2002, at 66 pages, to the 849 page Dodd-Frank Wall Street Reform and Consumer Protection act of 2009.(Tucker, 2011) It is the environment created by such complex regulations and oversight committees that has hedged the need for accounting experts who can help demonstrate both the effects of individual companies on overall markets, as well as the opposite effects of market-happenings on individual firms. This complicated data, made comprehendible by a talented and effective forensic accountant, can serve as the determining factor in a case. Ultimately, this allows for
Company X is committed to providing education for each employee to report unethical behavior and resolve conflicts without fear of retaliation. One such example would be the need to report employee theft. Employee theft is not only unethical but could also be criminal in nature. Regardless of employee status (entry level or upper management), each employee should feel it their responsibility to report any unethical behavior they observe. Employee theft can range from theft of money, time, office supplies or merchandise to providing proprietary information to unauthorized entities. These activities can result in a negative public image of Company X and should be reported as quickly as possible. Prior to reporting such offenses, each employee should ensure the accuracy of the evidence they will be reporting. There are various methods to report such abuses including but not limited to an anonymous toll free hot line number, verbal or electronic reporting to the local Human Resources office and the open door policy which encourages employees to approach members of management without the fear of
Lowe’s and Home Depot maintain their competitive advantages by “warning” employees not to give away information that cause unfair balance while attempting to gain an edge. Both companies feel that free market is up to each individual company to strive for innovative ideas that separate the two. Though confidentiality is listed in different sections of the manuals’, both feel that the integrity
Officers responded to North Scott Hall to investigate the report of a 19 year old male UW Oshkosh student checking in with an odor of marijuana on him. The male admitted to smoking marijuana and drinking alcoholic beverages. He was warned for Use of Marijuana and cited for Underage Consumption of Alcoholic Beverages (2nd offense).
The Department of Human Resources became acquainted with Mrs. Shelby Lawson in May 2013. The report stated Mrs. Lawson's caregiver/daughter Ms. Lisa Lawson was mistreating her. According to reporter, Lisa got POA over her mother by having a notary sign a blank POA and then forced her mother to sign it. Reporter stated Ms. Lisa Lawson now uses Ms. Lawson's to buy drugs. Reporter also alleges that Ms. Lawson's home is filth and covered in animal feces.
Whenever a company looks at their employees and they are posting photos of themselves at work, they are expected to be working and in dress code. This can give criminals an idea of the types of people that are hired at the location and enforcement of management the location
Mr. Larry Boston, a Maryland resident, took a miscellaneous itemized deduction for his education expenses relating to his M.B.A. courses on Schedule A of his 2013 tax return. From 2002 to 2007, Mr. Boston was employed at a private school where he taught physical education, coached athletic teams and conducted administrative work.
During my courses, I frequently remind students that most corporate executives, accountants, and auditors are honest and ethical. This case provides a stark and powerful example of one such individual. When I discuss a case such as this in my courses, I try to provide other examples of positive role models among corporate executives. Granted, most of these examples do not involve accounting or auditing matters, but, nevertheless, they help to blunt the impression that students may receive from studying my cases that most corporate executives are “crooks.”
Since 1776, independent nation of the United States encountered countless of political, economical, as well as territorial obstacles. The Civil War in 1861 ranked highest among the numerous historical turns in America. Although, many debates and disputes foreshadowed this tragedy of internal split, the issue of slavery proved to be one of the major cause of the war. Despite the fact that the Kansas-Nebraska Act has already passed, the case of Dred Scott drifted the nation even further toward disunion. On March 6, 1857, this simple case turned into a complex political issue, arguing the rights of the black slaves. At the same time, Dred Scott case resulted in an unexpected decision over the territorial slavery issue in the United States.
As much as a company should not invade the rights of its employees , it has the equal responsibility of ensuring that its privacy and that of its employees are not divulged or used in any personal intent by other employees . According to Nyman (2005 , more companies are being held accountable by employees whose privacy was compromised in the workplace because of what is seen as a lack in its measures to ensure their privacy . Therefore , if employers are being held accountable for such situations , Nyman believes that they should be given enough power to protect themselves from such liabilities
Astor’s abuse of weaker stakeholders was typical of his era, however if he were to trade today, he would be hit with a hefty fine, thrown in jail and even lose his company and all his earnings.