Internal affairs

1. Legal aspects A. The first question to analyze is whether Blooms Inc. has consent to collect the data of customers under the General Data Protection Regulation (GDPR). According to Article 7(1) GDPR, the fundamental condition for the data processing based on consent is the ability of the data’s controller to demonstrate that the data subject (i.e. the customer) has consented to the processing of his or her personal data. In the present case, the customers, namely Steven and John, freely and…

1. Identify accounting rules of revenue recognition and describe the inadequacies in accounting context of using bill-and-hold to recognize revenue at Halliburton. According to the accounting principle revenue recognition, it is the function when revenue is reported and recognized when a function has occurred. Under GAAP, revenue recognition should recognize a measurable amount of revenue once a certain transaction has been fully made. That would be the case, when certain types of goods or…

Identify the ethical dilemma - what laws did they broke, refer to class lessons and materials for this (Jeffrey Lee) The Enron scandal is the biggest white-collar crime in our era. A white-collar crime is not violent and usually deals with financial motivated situations. In this situation, ENRON officials were completely unethical. One topic that we covered during Case Study number 4 was the “Ponzi scheme” that included Bernie Madoff. This incident can be related to the ENRON scandal because…

Evidentiary privileges shall be governed by the principles of the common law in the light of reason and experience. It is aimed to encourage full and frank communication between attorneys and their clients to promote public interest in the observance of law and administration of justice. Attorney-Client Privilege It is the Client’s right privilege to refuse to disclose or prevent others from disclosing confidential communications between the client and the attorney. Here, Carolyn (C) hires…

1. 5623 Chief Petty Officer (CPO) D. Morrison (Ret) was senior to the undermentioned Rating upon Acting Petty Officer as indicated by the documents at reference. This relative seniority was maintained throughout CPO D. Morrison’s career from his date of confirmation as an Able Seaman until his advancement to Petty Officer (PO). DFNO RANK NAME PO ADVANCEMENT DATE CPO ADVANCEMENT DATE 5686 Chief Petty Officer S. Caribbon 02 January 2007 17 February 2011 2. At reference A, CPO D. Morrison and…

B. THE CASE OF MV TAMPA The MV Tampa was a Norwegian merchant ship which was prevented by the Australian Government from entering into its territory. The Tampa rescued about 433 people in August 2001; many of them were of Afghan origin. These persons had been trying to reach Australia in a wooden fishing boat but the boat started sinking about 140 kilometers off the coast of Christmas Island. Some of the people aboard the ship required urgent medical attention so the Tampa decided to proceed to…

provisions, “the FCPA also requires companies whose securities are listed in the United States to meet its accounting provisions,” (US Department of Justice n.d.). “It requires issuers to maintain accurate books and records and have a system of internal controls sufficient to provide reasonable assurances that transactions are executed and assets are accessed and accounted for in accordance with management’s authorization,” (SEC…

gratifying for that individual. It should be a choice where you will get fulfillment out of your occupation. Most importantly, it should be a choice that is made by the individual only. The profession I’ve decided that would be best for me would be an Internal Auditor. Many question why I would enter in this line of work. I use to ask myself this very same question. After eight years of being in the financial field, I couldn’t picture myself doing anything else. I have a real passion for this…

warranted.” Rastetter called Leath a successful president during his five-year tenure but said regents must “ensure that our universities are run in a manner that the people of Iowa expect and demand.” The board’s audit committee voted to order its internal auditor to review flights that Leath had and that the report must be detailed and answer all questions the public has about Leath’s trips. The audit found…

Sam Shadle Foundations A 9/12/15 ________________________________________ Henry VII, First Letters Patent Granted to John Cabot and His Sons (1496) ________________________________________ 1. Summarize the freedoms afforded John Cabot by this Patent. What benefits are guaranteed Cabot under this contract? He is guaranteed, under this patent, the exclusive right to explore…