Case summary: President B clearly stated that the internet must be minimally regularized. However, President O’s administration-imposed regulations on the internet service provider. The Federal Communication Commission (FCC) enacted an “Open Internet Order” on ISP. The order required the ISPs to transfer data files equally, irrespective of size or source of the files. The order restricted the ISPs to regulate the speed of transmission of certain content. The new rule from FCC commissioner regulates ISPs as “common carriers”. The new rule was introduced to prevent discrimination and censorship. Further, the ISPs cannot purposely reduce the speed of data from particular sites or applications and charge extra for faster speed.
To find: The reasons for the increase in the lawsuits against the FCC.
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The Legal Environment of Business: Text and Cases (MindTap Course List)
- Assume that you are a consultant advising the Chair of a Remuneration Committee - who oversees CEO and Executive remuneration of a listed company in Australia. As requested by the company’s shareholders and Board of Directors, you have been tasked to review the CEO compensation structure to fit changes in the current business environment.1. In response to the Covid-19 pandemic and uncertainties in business climate, what short-term and long-term considerations should the company observe in adjusting the CEO’s pay? Provide a rationale for theseconsiderations and support your discussions with relevant examples.arrow_forwardAnn Donnelly is a senior audit manager in an East Coast office ofa public accounting firm. Her prospects for promotion to partner are excellent if shecontinues to perform at the same high-quality level as in the past. Ann was recentlymarried, and she and her husband bought a large home in a prestigious neighborhood.Ann just returned from a vacation and was immediately called into an audit partner’soffice for a discussion related to one of her publicly traded audit clients. This auditengagement, which had been completed with an audit report issued several monthsprior, had been selected for a PCAOB inspection and the partner is concerned. PCAOBinspections can be stressful for the primary engagement partner and often result in theidentification of audit deficiencies by the PCAOB, which are then discussed with the auditfirm. The partner is concerned he will look bad and may even face penalties from the firmif there are serious deficiencies identified.Under PCAOB auditing standards, all…arrow_forwardThe following data was gathered during one of the recent audits of Cash Disbursement Section. One of the findings was on the outdated Delegation of Authority to policy. In preparing a report of the findings, identify the elements of an audit findings for each data (in order). 1. The delegation authority is updated biannually and not when changes in personnel or responsibilities of authorized individuals occur. 2. The delegation of authority policy list three individuals who are no longer with the company. Additionally, four individuals were identified who are new in their positions that should have disbursement authority, but are not listed in the policy. 3. Disbursements may be made that are not in accordance with management's or BOD's direction. 4. Authority over the disbursement of funds should only be delegated to individuals whose responsibility justify such authority. O Cause, Effect, Condition, Criteria O Condition, Effect, Cause, Criteria O Cause, Condition, Effect,…arrow_forward
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- Action that is carried out when the director of a company in the energy sector has decided to invest part of its surplus in an organized stock market, however, this would not be reported to the council and would be passed off as extraordinary expenses. Select one: a.Risk management. b.Corporate crisis. c.corporate fraud. d.Corporate risk.arrow_forwardYou are the director of health information services at a tertiary-care hospital. You and the director of emergency room services are jointly responsible for reporting instances of communicable disease, child abuse, and cancer to the appropriate state authority. You have just completed an audit of your institution’s reporting mechanism and discovered that the reporting requirements are not consistently met. The audit could not definitively establish whether the reporting never occurred or occurred but was not documented in the patient’s health record. Discuss what legal issues are present and what approaches you should take to resolve this problem.arrow_forwardacme the rejected current regulator proposal what could be the possible alternative course of actions to get the contractarrow_forward
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