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Full-Text Articles in Business Law, Public Responsibility, and Ethics
A Close Look At Audit Standards And Best Practices How To Validate The Existence Of An Asset, Luis Lebron
A Close Look At Audit Standards And Best Practices How To Validate The Existence Of An Asset, Luis Lebron
Economic Crime Forensics Capstones
A comparative analysis will be conducted seeking to identify how to obtain sufficient evidence to determine the existence of an asset within an organization during an independent audit. The external auditor is often regarded as the “gatekeeper” of the financial markets which has a fiduciary duty to its clients. (Choy, Fields, & King, 2008) Accounting firms are required by operation of law to act in an ethical manner and have a social responsibility to protect the interest of the public. However, there exists an ongoing issue in the performance of audits by larger firms. In a recent study conducted by …
X-Inefficiency In Monopolies, Emily Nowlan
X-Inefficiency In Monopolies, Emily Nowlan
HON499 projects
This paper takes a case study approach to studying the efficiency and causes of decline for monopoly firms. The focus of the analysis will be on two firms: IBM, and Xerox. The main causes of failure studied will be financial issues, mismanagement, and regulatory cases. One theory is that, as monopolies operate, one begins to see a differential between growth of profits and expenditures. Thus, the firms become “fat and slow.” The company may also become bogged down with overhead, attempting to maintain unsustainable and unnecessary levels of employment. Compounding this issue, many managers fail to accurately predict the movement …