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    In Miller v. Mills Construction (2003), Mills Construction had contracted with the City of Brookings, SD to construct buildings. Mills Construction subcontracted the erection of a steel clear span to Double Diamond Construction, which is owned by Wilma Miller. In the subcontract, Miller agreed to supply labor and equipment for the project and Mills agreed to supply materials, which they obtained from American Buildings Company (ABC). After beginning the project, Miller noticed issues with the…

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    You usually need to have a relationship with the company that requires you to keep info confidential. So if I am a board member giving people confidential information, I am liable. Darla does not have a relationship with Cardware that requires her not to trade on insider information. Darla is not employed by Cardware, and she did not steal the information, so it would be difficult to charge her with "misappropriation." There is also another test under the insider trading law. Darla did not pay…

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    One of the most frustrating involvements we have as humans is the fact that we enter more and more contracts as working adults. Why does everyone seem to want to enter a contract in recent times? Where do we go when things are so convoluted or cryptic in the fine print of a simple download or update. How do we get answers for the contracts that we are aware of moreover, how do we defend against those that we are unknowingly a part of? How challenging might it be for us to interface with a false…

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    possibility of fraudulent accounting activities by corporations. However, there are a few disadvantages according to "Connect Us". One of the main disadvantages is that it is very costly to both small and large corporations with can result in higher audit fees.…

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    Satam Scam Case Study

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    SATYAM SCANDAL- INDIA’S OWN ENRON The Satyam Computer Services Limited company’s wrongdoing is a corporate scam that occurred in India in 2009 where the chairman, Mr. Ramalinga Raju revealed that the company’s accounts had been falsified. Background In 1987, Ramalinga Raju established Satyam, with his brother and brother in law, for providing software development and consultancy services to large firms. The company became public in 1991 and was listed on the Bombay Stock Exchange (Balachandran…

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    Chapter 25: The Joint Meeting of the Two Bureaus of North Kalimantan Communist Party Central (August 1972) In August 1972, the Secretary of the North Kalimantan Communist Party Central 2nd Bureau, Huang Ji Zuo came to the First Division coastal area. All members of the Party Central 1st Bureau, including Lin He Gui, his wife and I, came from Matang forest area to the coastal area to meet him. There would be a joint meeting between the Party Central 1st and 2nd Bureau. The meeting was…

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    The Sarbanes-Oxley Act

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    accounting firm’s work by the client company’s audit committees. • Insufficient industry examination of accounting firm’s work, and • Excessively sloppy accounting standards. Every companies’ (excluding non-profit organisations) intention is to make profit, same goes for accounting firms. No matter how big the size of the accounting firm, the firm may have incentives to overlook any non-compliance by the client from which its makes material fees for non-audits work and consulting. In response…

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    The risk that are likely to be met by Jackson is, if he fails to make a real collaboration that is sound both in selectivity and accountability, the president might decidedly call off the knowledge sharing application which is something that is of great importance to Jackson in his position as the information officer of the company. There is the uncertainty as to whether the firm would be able to live up to the expectation if it were to be selected as a provider. The other dilemma that is faced…

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    Fraud Prevention

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    Overview Fraud has become common occurrence in business world. And organizations lose considerable chunk of their hard-earned revenue to fraud. Prevention and Detection are two methodologies to handle a white-collar crime like business fraud. Wisest approach towards any illegal and inappropriate activity is to prevent it from occurring in first place. Prevention is the most economical way of tackling fraud. Barriers to Fraud Prevention Fraud prevention is challenged by several barriers which…

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    Ethics In Accounting

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    Question 2: Justify why is there a special need for ethical conduct in professions including those in the accounting and auditing related field? Ethics reflect beliefs of what is right or wrong, just or unjust, good or bad in terms of human behavior and it consists of moral principles that govern the behavior of a person (Boundless.com, 2015). Whereas profession refers to the type of jobs that required special training, skills and high level of education (Cambridge Dictionaries Online, 2016).…

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