U.S. Securities and Exchange Commission

but new rules are expected to be issued that will allow IFRS for the year ending March 31, 2010. In Korea, IFRS is permitted with the exception of financial intuitions and adoption of IFRS is required for all companies listed on their local stock exchanges. India does not require or

philanthropist who ran the largest Ponzi scheme turned in by his own children. Some of the laws he broke include: securities fraud, wire fraud, money laundering and mail fraud among others. As a result of his scheme and disregard for the law many people were affected and lost their savings and retirement plans. The consequence to his actions: life in prison and all of his belongings auctioned off by the U.S. government. Bernard Madoff was born on April 29, 1938 in Queens, New York and raised in the Jewish faith

monumentally adopted a sweeping body of reform legislation – the U.S. Public Company Accounting Reform and Investor Protection Act of 2002, known as the Sarbanes-Oxley Act of 2002. Sarbanes- Oxley initiated a host of compliance and procedural requirements. This act was primarily in response to a series of U.S. corporate failures that resulted in an enormous loss of public investment funds. Hence, the U.S. government - Securities Exchange Commission (SEC) in an effort reduce fraud and conflicts of interest

Chief Executive Officer (CEO) of the corporation for more than 20 years. A Biographical Sketch: Richard Scrushy and HealthSouth. Retrieved March 22, 2005, from the World Wide Web: http://www.richardscrushy.com/biography.aspx. The U.S. Securities and Exchange Commission charged HealthSouth Corporation and CEO Richard Scrushy with fraud, alleging the earnings of HealthSouth have been extremely overstated since

Houston facility and directed an expedited attempt to stop records on Oct. 23, the day after Enron exposed that the Securities Exchange Commission had begun its analysis. The damage apparently did not end until Mr. Duncan 's secretary posted an e-mail message to other administrators on Nov. 9 that said '"stop the shredding." Andersen had received a subpoena from the Security Exchange Commission the day before. Ever since the bankruptcy, many concluded before facts were available to form a reasonable judgment

By staying on top of federal and state securities regulations, Crosby-Brown and others at Regulatory Compliance keep client firms aware of the ramifications of current regulations and abreast of the latest changes. They educate clients on the impacts of new regulations, how to mitigate the impacts

Remi Forgeas of CPA Insider argues, “However, the professional judgment is not a new concept in the U.S. environment. The SEC is addressing this topic in order to find the right balance between the ‘educated’ professional judgment, that is acceptable, and the ‘guessed’ professional judgment” (Remi, 2011). In recent years, the effects of companies not

There are many types of financial crimes that can be committed by many individuals around the world. Some of these crimes include electronic crime, fraud, money laundering, terrorist financing, information security, bribery and corruption, finally insider trading. Of all these financial crimes that can be committed, I think that fraud is the most serious of them all. Fraud can ruin anyone 's life financially, no matter what they have in their bank account. Bernard Lawrence "Bernie" Madoff , a former

ATO1 Study Session What you need to know to pass ATO1 Competency 302.2.1: Current Tax System. The student understands the nature, purpose, and scope of the current U.S. tax system. Differentiate between U.S. federal income tax system and other tax models. The United States of America is a federal republic with autonomous state and local governments. Taxes are imposed in the United States at each of these levels. These include taxes on income, payroll, property, sales, imports, estates and gifts

national accounting standards in retail industry Evaluating International Company under Abstract This paper analyses the international firms under the national accounting standard in retail industry. The study applies two typically firms which are Woolworths from Australia and Walmart from the United States and compare the two firms in 4 perspectives. Firstly, the different in recognition of intangible assets, revenue, tax, inventory under IFRS (Aus) and U.S.GAAP. Secondly, describe