U.S. Securities and Exchange Commission

revenue in 2015, and a balance sheet asset value of $4.5 billion (Securities and Exchange Commission, 2015). The company also has a large competent employee base and a strong strategic plan led by a competent team of management. The company also has a strong marketing network operating globally, hence reaching wide market coverage. Weaknesses The company made losses of approximately $837 million (Securities and Exchange Commission, 2015). It also has a huge debt of 1.3 billion which creates a…

White Collar Crime: Bernard Madoff’s Ponzi Scheme We have all heard of a Ponzi scheme and may know of someone who has fallen victim to this type of fraud but we may not all be familiar with the definition of a Ponzi scheme. A Ponzi scheme is an investment fraud in which funds from a new investor are taken to pay an existing investor an alleged return on their investments. New investors are recruited by being guaranteed high return rates with little to no risk for loss. The organizer of the…

Homeland Security Intelligence and Capabilities History has shown the importance of the intelligence community directed towards homeland security in and around the United States of America. Its capabilities have grown exponentially over the past couple decades, especially with the use of the internet. Yet, there are limitations that the U.S. still deals with to this day in order to support these efforts. The homeland security enterprise also has capabilities, but there are challenges…

Following the disastrous impact of a number of corporate and accounting scandals, especially those involving major corporations such as Worldcom and Enron, U.S Congress decided to pass the Sarbanes-Oxley Act of 2002 (SOX). This had come not long after investors and companies lost billions of dollars due to the result of such corruption, thus having a negative impact on financial markets and investor trust. The enactment of SOX set forth new standards and provisions which sought to improve the…

to create their financial statements (Pacter, 2013). The United States is the only major world power that has not adopted or set a date to adopt IFRS yet. The purpose of this paper is to discuss the dilemma faced by the U.S standard setting bodies regarding the convergence of U.S. GAAP and IFRS. This paper will discuss history of convergence highlighting the Norwalk agreement and the Condorsement model, the timeline of the major events and the role of SEC, followed by current status of the…

Securities and Exchange Commission (SEC) started an examination, and opponent Houston contender Dynegy offered to buy the organization at a low cost. The arrangement fizzled, and on December 2, 2001, Enron petitioned for liquidation under Chapter 11 of the United States Bankruptcy Code. Enron's $63.4 billion in resources made it the biggest corporate liquidation in U.S. history until WorldCom's liquidation the following…

the United Kingdom and sub-Saharan Africa. BET is the dominant African-American consumer brand (BET, n.d.). This not only give Cricket Wireless nation exposure but global attention as well. According to a filing with the United States Securities and Exchange Commission (SEC), Cricket Wireless business strategy is to Target Underserved Customer Segments. Cricket states, “Their target market does…

useful to look at a massive multi-national company that reached number 5 on the Forbes Fortune 500 list: Enron. Enron was a corporation that had made many illegal financial decisions such as insider trading, lying on accounting forms, and committing securities fraud. These decisions caused Enron to go bankrupt and caused several of their executives to wind up in jail6. These cases are very well known and illustrate how in the financial sector no matter how big or small a company or private…

several years, the U.S. Security and Exchange Commission, also known as the SEC, has provided information and commented on whether or not investors and issuers of financial statements should use International Financial Reporting Standards to prepare their financial statements. In 2008, the SEC stated “International Financial Reporting Standards could be used by U.S. companies by early 2014.” (White, "Speech by SEC Staff: IFRS and U.S. Companies: A Look Ahead", 2008). The Security and Exchanged…

and foreign invasion with an ulterior agenda, both of which the attack incited. Evidence put forth by both individuals and groups to justify conspiracy theories is varied and involve highlighting the many inconsistencies within the subsequent 9/11 commission report, aspects involving the prevention of the attacks and theories relating to the physical damage received by the victimised structures. The travesty allowed the United States a chance to implement policies that would not have been…