Internet governance

Week 6: Fraud Case Study Group Project Vanessa Ryan, Juan Caba, Rustin Prentice, Howard Miranda Champlain College Forensic Accounting ACCT-280-45 Nicole Bocra August 14, 2016  On July 31, 2015, Howard Miranda, CFO of Microstuff Inc., contacted the internal auditor Vanessa Ryan in reference to a suspected purchase and receiving scheme within the information technology department. Based on this initial accusation, an examination was conducted—which included reviews of relevant accounting,…

It is a law that was enacted in 2002 and signed by President George W. Bush (U.S Securities and Exchange Commission 2013). The Securities and Exchange Commission (SEC) enforce this law to regulate changes in financial practices and corporate governance. The main purpose of SOX is to protect shareholders and the public from accounting fraud and errors. Fundamentally, this law helps ensure companies’ financial records are integrity-sound and accurate. SOX touches both company management and…

In the Bell California corruption scandal, this involved misappropriated funds. This was a story that hurt the citizens of Bell, California because the city officials took upon themselves to give themselves raises without the knowledge of its citizens of Bell California where there were 36,000 residents and one in four residents was below the poverty line. There were city officials who paid themselves inflated salaries of up to 100,000 dollars per year. A former powerful city manager Robert…

Describe the principles and processes for setting executive compensation. Reading in chapter 12 I learned, the Executive Compensation practices within the U.S., question compensation packages in general. Executive compensation consultants usually purpose several recommendations for alternate pay packages. Professionals who are just stepping into the executive compensation field need both a broad understanding of how executive compensation fits with the strategic goals of the organization and a…

Greg Steinhafel resigned as CEO of Target following the 2013 data breach. In his resignation, he took full responsibility for the breach, but agreed to stay on board as an advisor during the transition. Target is facing backlash from its customers and has lost millions of dollars to the hackers, customers and banks that had to reimburse their clients following Target's data breach. This breach happened right at "Black Friday" and continued into December 2013. After the breach was discovered,…

I used to think corporations were this big building in its own world with other big buildings and no one could get there. Remember, I do live in the south where there are not many tall buildings like New York. As I became more aware of what a corporation was, or at least my interpretation, was a busy place with lots of paper, people, noise, suits, telephones ringing, and just busy. Fast forward, I know that maybe some of that is true but the picture is much more realistic to me. The corporate…

Subject: Explanation to stakeholders on how the company can effectively handle the issues created by negative news reports regarding the handling of fundraising dollars. The report I have prepared will explain how the Canadian Cancer Society came under fire regarding their 2011 budget and the allocation of funds totaling more than a million dollars. The Canadian Cancer Society had to do damage control by giving an in depth financial report showing where donated funds were being allocated. I…

In March of 1988, AMC's second Executive Director resigned, leaving the organization to struggle with the prospect of having to hire a new Executive Director (ED) and the long-lasting financial difficulty. At that time, AMC’s Council searched for an Executive Director who had the skills and the vision to lead the organizations to success. In 1989, Andy Falender, a Harvard MBA and former Peace Corps volunteer, was hired as the Executive Director of the club. In addition to his skills in…

The Sarbanes-Oxley Act of 2002 gave the PCAOB the authority to investigate and impose disciplinary sanctions against any individual or any registered public accounting firms that violate any of the accounting standard. These standard include those set by the PCAOB and the Security and Exchange Commission, professional standards that governs brokers, dealers and auditors of public companies. PCAOB Rules 5000-5113 outlines the PCAOB’s authority to conduct inquiries and investigations. PCAOB will…

Tekniepe, R. J. (2014). Linking the Occupational Pressures of College Presidents to Presidential Turnover. Community College Review, 42(2), 143. In his 2014 article, Linking the Occupational Pressures of College Presidents to Presidential Turnover, Robert J. Tekniepe surveys and studies the climate and culture that college presidents work under. Colleges and universities are complex organizations that must constantly change to adapt to the needs of students and communities. College presidents…