Global Influence Of National Accounting Standards,
2013
Brigham Young University
Global Influence Of National Accounting Standards, Kyle T. Welch, Dr. Kay Stice
Journal of Undergraduate Research
The project objective is to observe the international accounting standards community responses to the recent Enron and Anderson collapse.
The Impact Of Having Fewer Accounting Firms In The Auditing Profession–A Work In Process,
2013
Brigham Young University
The Impact Of Having Fewer Accounting Firms In The Auditing Profession–A Work In Process, Benjamin V. Titera, Dr. Jeff Wilks
Journal of Undergraduate Research
As time moves on, the number of accounting firms has decreased and the lengths of the remaining firm’s names have increased. Firms such as Arthur Anderson, Coopers & Lybrand, Price Waterhouse, Touche Ross, KPMG, Ernst & Young, Peat Marwick International, Klynveld Main Goerdeler, and Laventhol & Horwath have either evolved or disappeared. Ten years ago, it was the Big 8, by 1993, it was the Big 6, in 2001, it was the Big 5, and today it is the Big 4.
Will The New “Aggregate Estimate” Method Affect The Fica Tax Liability Of Restaurants?,
2013
Brigham Young University
Will The New “Aggregate Estimate” Method Affect The Fica Tax Liability Of Restaurants?, Terry Jackson, Dr. Ron Worsham
Journal of Undergraduate Research
In the past year, a landmark Supreme Court decision changed the way restaurants calculate social security taxes related to employee tips. In the case of the United States v. Fior D’Italia, Inc. [2002-1 USTC ¶50,459], the Supreme Court ruled against Fior D’ Italia, Inc. by concluding that the IRS properly computed their social security tax liability, even though the IRS utilized a new “aggregate estimate” method. This new aggregate estimate method puts restaurants at risk of paying higher social security taxes. From examining data of restaurants in the Salt Lake area, there is no conclusive evidence that this ruling has …
Accounting Fraud: Case Studies That Prepare Business Students To Defend Themselves From Unethical Colleagues,
2013
Brigham Young University
Accounting Fraud: Case Studies That Prepare Business Students To Defend Themselves From Unethical Colleagues, Stephen P. Hunt, Dr. Steve Albrecht
Journal of Undergraduate Research
Most business students will eventually work with an unethical colleague whose schemes must ultimately crumble. The unethical person could drag his coworkers and his company down with him. We must prepare today’s business students (tomorrow’s executives) to save their own names and rescue their companie s when that day comes.
Managers Use Of Fas No. 115 For Investment Securities To Manipulate Earnings,
2013
Brigham Young University
Managers Use Of Fas No. 115 For Investment Securities To Manipulate Earnings, Jacob Given, Dr. T. Jeff Wilks
Journal of Undergraduate Research
The United States is currently facing a perceived crisis in our financial reporting system. In recent years, a large increase in the number of financial frauds reported and subsequent business failures have led to concerns in both the public and private sectors as to the legitimacy of corporations published financial statements. These concerns have led to new regulations from regulatory agencies and oversight boards as well as legislation from the US Congress. The substance of these new regulations and legislation focus on the need for management, investors, regulators and auditors to become more involved in preventing and detecting financial statement …
Nonverbal Cues Auditors Can Use To Detect Deceit,
2013
Brigham Young University
Nonverbal Cues Auditors Can Use To Detect Deceit, Brandon B. Buhler, Dr. W. Jeff Wilks
Journal of Undergraduate Research
Over the past few years, investors in Corporate America have witnessed a rise in financial fraud. With escalating frauds in the business world, investors are more determined to gain assurance from the auditors of the financial statements. The Sarbanes-Oxley Act of 2002 also increased legislative pressures on auditors to detect fraud.
Assessing The Fraud Risk Assessment: How Audit Firms Are Applying The Recommendations In Sas 99,
2013
Brigham Young University
Assessing The Fraud Risk Assessment: How Audit Firms Are Applying The Recommendations In Sas 99, Jacob Given, Dr. T. Jeff Wilks
Journal of Undergraduate Research
The United States is currently facing a perceived crisis in our financial reporting system. In recent years, a large increase in the number of financial frauds reported and subsequent business failures have led to concerns in both the public and private sectors as to the legitimacy of corporations published financial statements. These concerns have led to new regulations from regulatory agencies and oversight boards as well as legislation from the US Congress. The substance of these new regulations and legislation focus on the need for management, investors, regulators and auditors to become more involved in preventing and detecting financial statement …
Global Influence Of National Accounting Standards,
2013
Brigham Young University
Global Influence Of National Accounting Standards, Kyle T. Welch, Dr. Kay Stice
Journal of Undergraduate Research
The project objective is to observe the international accounting standards community responses to the recent Enron and Anderson collapse.
Managers Use Of Fas No. 115 For Investment Securities To Manipulate Earnings,
2013
Brigham Young University
Managers Use Of Fas No. 115 For Investment Securities To Manipulate Earnings, Joseph B. Hillstead, Dr. Ted Christensen
Journal of Undergraduate Research
In the wake of catastrophic accounting scandals involving companies such as Enron, WorldCom, and Andersen, investors and the Securities and Exchange Commission have become increasingly concerned about the quality of reported earnings. Wall Street earnings expectations may be overriding common-sense business practices. In a zeal to satisfy consensus earnings estimates and project a smooth earnings path, wishful thinking may be winning the day over faithful financial representation. In this current era, gray-area accounting is sometimes misused; managers are cutting corners; and earnings reports reflect the desires of management rather than the underlying financial performance of the company.
Convergence Of Global Accounting Standards,
2013
Brigham Young University
Convergence Of Global Accounting Standards, Eric J. Williams, Dr. Earl K. Stice
Journal of Undergraduate Research
Business is simultaneously conducted in many lands—markets are no longer restricted by boundaries or time zones. Virtually every aspect of the corporate world is changing in response to the opportunities and challenges accompanying global expansion. Adaptation by corporations must occur or else obsolescence will result. The accounting and financial reporting profession is not immune to these globalizing currents of change. The resultant challenges are the impetus causing accounting-standard setters, namely the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB), to examine areas of convergence.
The Value To Foreign Companies To List On Us Stock Markets,
2013
Brigham Young University
The Value To Foreign Companies To List On Us Stock Markets, Jaron H. Wilde, Dr. Erv Black, Peter Johnson
Journal of Undergraduate Research
Business is simultaneously conducted in many lands—markets are no longer restricted by boundaries or time zones. Virtually every aspect of the corporate world is changing in response to the opportunities and challenges accompanying global expansion. Adaptation by corporations must occur or else obsolescence will result. The accounting and financial reporting profession is not immune to these globalizing currents of change. The resultant challenges are the impetus causing accounting-standard setters, namely the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB), to examine areas of convergence.
Will The New “Aggregate Estimate” Method Affect The Fica Tax Liability Of Restaurants?,
2013
Brigham Young University
Will The New “Aggregate Estimate” Method Affect The Fica Tax Liability Of Restaurants?, Terry Jackson, Dr. Ron Worsham
Journal of Undergraduate Research
In the past year, a landmark Supreme Court decision changed the way restaurants calculate social security taxes related to employee tips. In the case of the United States v. Fior D’Italia, Inc. [2002-1 USTC ¶50,459], the Supreme Court ruled against Fior D’ Italia, Inc. by concluding that the IRS properly computed their social security tax liability, even though the IRS utilized a new “aggregate estimate” method. This new aggregate estimate method puts restaurants at risk of paying higher social security taxes. From examining data of restaurants in the Salt Lake area, there is no conclusive evidence that this ruling has …
Entrepreneurial Success Factors,
2013
Brigham Young University
Entrepreneurial Success Factors, Bryant D. Blanchard, Dr. Ervin Black
Journal of Undergraduate Research
Every company has an entrepreneurial beginning. Some companies grow into huge corporations that provide thousands of jobs and generate millions in tax revenue, while other companies remain small and fight to stay in business from year to year. This observation prompts the question: What factors are influential in determining if a company will be successful? Success, for our purpose, is measured by the company’s ability to persist over time and provide jobs. By this definition, both the large multinational corporations and the small “Mom & Pop” businesses are successful, if they continue to provide jobs. The Small Business Administration (SBA) …
Nonverbal Cues Auditors Can Use To Detect Deceit,
2013
Brigham Young University
Nonverbal Cues Auditors Can Use To Detect Deceit, Brandon B. Buhler, Dr. W. Jeff Wilks
Journal of Undergraduate Research
Over the past few years, investors in Corporate America have witnessed a rise in financial fraud. With escalating frauds in the business world, investors are more determined to gain assurance from the auditors of the financial statements. The Sarbanes-Oxley Act of 2002 also increased legislative pressures on auditors to detect fraud.
Accounting Fraud: Case Studies That Prepare Business Students To Defend Themselves From Unethical Colleagues,
2013
Brigham Young University
Accounting Fraud: Case Studies That Prepare Business Students To Defend Themselves From Unethical Colleagues, Stephen P. Hunt, Dr. Steve Albrecht
Journal of Undergraduate Research
Most business students will eventually work with an unethical colleague whose schemes must ultimately crumble. The unethical person could drag his coworkers and his company down with him. We must prepare today’s business students (tomorrow’s executives) to save their own names and rescue their companie s when that day comes.
Computer Skill Demand In Central America,
2013
Brigham Young University
Computer Skill Demand In Central America, Tim G. Lovell, Dr. Robert Jackson
Journal of Undergraduate Research
Trade schools owned and operated by members of the church and organized for the intent to train return missionaries are becoming increasingly common in developing countries. One such school Fundet, located in Guatemala, boasts a student body representative of all Central America. Fundet offers six majors including its most popular in computer skills. As a technical school, Fundet focuses on teaching readily applicable skills that will allow alumni to secure employment in their field immediately after graduation.
The Value To Foreign Companies To List On Us Stock Markets,
2013
Brigham Young University
The Value To Foreign Companies To List On Us Stock Markets, Jaron H. Wilde, Dr. Erv Black, Peter Johnson
Journal of Undergraduate Research
US Stock markets are stable, highly liquid, and wealthy. To benefit from the resources these markets potentially provide many domestic and foreign companies seek to be listed on a US stock exchange. All companies wishing to list must first register with the Securities and Exchange Commission (“SEC”), which regulates listed companies to protect investors and creditors. The SEC requires companies to produce financial statements that demonstrate their financial health and status. These financial statements must meet standards established in US GAAP (Generally Accepted Accounting Principles). Independent auditors audit the statements and attest whether they comply with GAAP.
Fall Meeting Of Council Of The American Institute Of Certified Public Accountants, October 20 - 22, 2013, Los Angeles, California, Volume 2,
2013
University of Mississippi
Fall Meeting Of Council Of The American Institute Of Certified Public Accountants, October 20 - 22, 2013, Los Angeles, California, Volume 2, American Institute Of Certified Public Accountants (Aicpa)
Association Sections, Divisions, Boards, Teams
No abstract provided.
Fall Meeting Of Council Of The American Institute Of Certified Public Accountants, October 20 - 22, 2013, Los Angeles, California, Volume 1,
2013
University of Mississippi
Fall Meeting Of Council Of The American Institute Of Certified Public Accountants, October 20 - 22, 2013, Los Angeles, California, Volume 1, American Institute Of Certified Public Accountants (Aicpa)
Association Sections, Divisions, Boards, Teams
No abstract provided.
Auditing Standards Board (Asb), October 15-17, 2013, Meeting Agenda, Scottsdale, Az,
2013
University of Mississippi
Auditing Standards Board (Asb), October 15-17, 2013, Meeting Agenda, Scottsdale, Az, American Institute Of Certified Public Accountants. Auditing Standards Board
Association Sections, Divisions, Boards, Teams
No abstract provided.
