Corporate crime

companies who were manipulating information and committing investor fraud, Congress enacted a corporate reform law (130). This law placed heavy requirements on companies while ignoring those who failed in regulating the previous companies. While the corporate reforms did improve the companies superficially, the only way to actually improve a company is moral reform. There are three principles that summarize corporate reform. Transparency is the first: that the company will “conduct business and…

agree with the reversal decision made by the Supreme Court. Although Yates altered his catch after his boat was encountered by a Florida fish and wildlife officer, The Sarbanes-Oxley Act which Yates was charged under was established to prohibit corporate and management from knowingly altering or destroying "any record, document, or tangible object" with the intent to obstruct an investigation. While we are all aware that Yates engaged in wrongful doing by tossing the undersized fish out, where…

Art Kjos, AIA and Executive Director of Planning, Design and Construction, has informed of his intention to retire on 7/31/2018. Art has been with the institution since 2014 and made valuable contributions within Campus Operations during his short time with us. When recruited, Art was owner/partner of Clark/Kjos Architecture in Portland Oregon. His firm was responsive to many healthcare clients in the northwest interested in Lean Design and improving both customer satisfaction and optimal…

Client, The Sarbanes Oxley Act is a very good aspect of a company to inquire about. In a way, it has paved the way a business should be handled internally. I am going to education you on what the Sarbanes Oxley Act, also known as SOX, has done to secure and improve businesses, the changes in the act that have been effected, and how the principles and assumptions of accounting are affected. This should put your mind at ease, and give you the information you are looking for. The SOX Act was…

shareholders and stakeholders from fraudulent accounting practices (Protiviti 2011). The creators of the Sarbanes-Oxley act were Paul Sarbanes, and Michael Oxley. The act was designed to provide regulation for financial practices, and to provide corporate governance. The idea behind the Sarbanes-Oxley act was to provide some time of governing body regarding accounting practices within business, and to hold everyone to the same standard. The main focus behind the Sarbanes-Oxley act is centered on…

Question One Advantages of a sole proprietorship include complete control over decision-making, simplicity in its structure, and its profits are only taxed once as personal income since it goes directly to the owner. Disadvantages include being personally liable for the debts of the business, having limited funds since it comes from the owner’s own money, and not being investor friendly because of investors are hesitant to give money to a business with only one decision-making head. Similar…

The Adelphia scandal is the one the most extensive financial frauds ever happened at a public company. The fraud was long-lasting: the company systematically excluded billions of dollars in liabilities from its consolidated financial statements since at least 1998 till March, 2002. Huge amounts of money were hidden on the off-balance sheet affiliates' books. The company was found in 1952. In 1986 it was publicity listed. Rigas Family owned five cable television companies, which were reorganized…

collar and occupational crime are available in the FBI’s Uniform Crime Report? White collar and occupational crime are “criminal offense committed through opportunities created in a legal business or occupation” (Cole, Smith, and Dejong, 2015, p. 2). The two most common forms are theft and fraud. Examples of white collar and occupational crimes include securities fraud, embezzlement, corporate fraud and money laundering (Barnett, n.d., p2). White-collar crimes are not index crimes; therefore,…

views crime. Primetime crime television shows depict crime in a way that makes it easy for the public to misinterpret the message and disproportionally depict racial minorities as criminals and Whites as victims (Mastro, 2009). Crime shows underscore certain forms of criminal activity and whatever character plays the criminal, unfortunately, is what the public sees as true. Research on stereotyping in the United States reveals continuous prejudice among Whites that characterizes…

The term “ White -Collar Crime, “ carries many definitions that have changed throughout the decades in the United States. These definitions change with perception, participation, and the addition of actions to the term. White-collar crime carries a general perception of offenders, who are generally professional individuals since they have the knowledge required to execute these complex crimes. Examples of these crimes include fraud, price fixing, money laundering, and embezzlement . Although…