Government Regulation of Business Essay
Government Regulation of Business Essay
Assessment Traits
Requires Lopeswrite
Assessment Description
Write an analysis (2,000-2,500 words) regarding the regulation of financial reporting, as established through the Securities Act of 1933, Securities Exchange Act of 1934, the Sarbanes-Oxley Act of 2002, and the Public Company Accounting Oversight Board (PCAOB) auditing standards effective December 31, 2016. Discussion should include the following: Government Regulation of Business Essay
- Summarize the main points for the Securities Act of 1933 and the Securities Exchange Act of 1934.
- Compare the Securities Act of 1933 and the Securities Exchange Act of 1934.
- Summarize at least two sections of the Sarbanes-Oxley Act of 2002.
- Discuss the most recent changes of the PCAOB General Auditing Standards as they apply to GAAP reporting. Do not discuss the audit procedures or reporting.
- Include a discussion of how the regulation of the accounting industry has changed since 1933 using these four regulations/standards as a timeline.
Use readings from the course and seek out additional information to support your discussion. A possible resource is the PCAOB website at https://pcaobus.org (click on the Standards menu item). Include at least three external relevant scholarly sources to support your points. Be sure to cite two or more of these sources in each prompt of the essay.
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Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.
Prepare this assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required.
You are required to submit this assignment to LopesWrite. A link to the LopesWrite technical support articles is located in Class Resources if you need assistance.
Topic 6 DQ 2
Assessment Description
What were two common traits that were seen in the corporate scandals of 2002, such as Enron and WorldCom? How can a corporation improve its corporate governance and corporate responsibility? Discuss how Sarbanes-Oxley has improved financial reporting by summarizing a portion of the law and why you think that specific requirement has made financial reporting better. Government Regulation of Business Essay
Support your positions and provide citations for all outside sources used to develop and defend your position.
To participate in follow-up discussion, discuss how Sarbanes-Oxley has improved financial reporting by summarizing a portion of the law and why you think that specific requirement has made financial reporting better. Compare your response with a classmate and respectively disagree.
Follow-up discussions to classmates’ initial responses should integrate course theories with a practical application of the subject; offer a personal observation or experience; reference real-world examples, current events; or present current research on the topic that encourages further discussion and ongoing dialogue with other students and the instructor in the class.
Topic 6 DQ 1
Assessment Description
Find a journal article online about the effectiveness of the Sarbanes-Oxley Act of 2002. In the subject line of your post, include the name of the article that you read. Post a link to that article with your initial post, and provide a summary and a reaction to the article. The summary should describe the major points of the article, and the reaction should demonstrate your interpretation of the article and how you can apply that knowledge in the workplace. Specifically, identify whether you think that the Sarbanes-Oxley Act of 2002 is effective or ineffective, and why.
Do not choose an article about which one of your classmates has already posted.
Support your positions and provide citations for all outside sources used to develop and defend your position. To participate in follow-up discussion, choose one of the articles about which a classmate has posted, and provide your own reaction to it. Follow-up discussions to classmates’ initial responses should integrate course theories with a practical application of the subject; offer a personal observation or experience; reference real-world examples, current events; or present current research on the topic that encourages further discussion and ongoing dialogue with other students and the instructor in the class. Government Regulation of Business Essay
Topic 5 Gleim Quiz
Assessment Description
Complete the Topic 5 Gleim Quiz by logging on to the Gleim.com website.
The quizzes are found in your “Personal Classroom” of the Gleim system.
Enter the “Access Professor-led Courses” and select the appropriate course under the option for assessment quizzes.
Complete the BUS-623, Topic 5 Quiz.
This quiz is 20 multiple choice questions. You may attempt the Topic 5 Quiz only once. You will have 60 minutes to complete the quiz.
You may complete all the study steps available for the Gleim system. However, only your quiz results will be recorded in the gradebook.
Topic 5 DQ 2
Assessment Description
On May 23, the plaintiff purchased a new car from her local dealer. The automobile was covered by both a limited warranty and a vehicle service contract (extended warranty). Following delivery, the plaintiff advised the salesperson that she had noted numerous problems with the vehicle, including the brakes and transmission, as well as cosmetic issues related to the paint job. When the brakes failed, the car was returned to the dealer for the necessary repairs. When the car was returned to the plaintiff, she discovered that the brakes had not been properly repaired and that none of the cosmetic work had been done. The car was returned several times to the dealer to correct these problems and others that developed. Within a few months of the purchase, the car was again returned to the dealer for repairs. The car remained at the dealer for several weeks. When the car was returned, the plaintiff noticed that all of the defects had not been corrected; however, the plaintiff accepted the vehicle. In the next few months the plaintiff had more problems with the vehicle. After several months and repeated efforts to repair the car, the plaintiff sent a letter to the dealer calling for rescission of the purchase, requesting return of the purchase price, and offering to return the car on receipt of shipping instructions. She received no answer and continued to drive the car. The plaintiff had no contact with the dealer for several months when she filed suit. At that time, the vehicle had been driven 12,000 miles. By the time of the trial, one year later, the car had been driven 35,000 miles.
By continuing to operate the vehicle after notifying the seller of her intent to rescind the sale, did the plaintiff waive her right to revoke her original acceptance? What instructions, if any, did the seller tender the buyer concerning return of the now rejected goods? What if the non-conformity can be completely cured pursuant to available warranties? Was the seller unduly prejudiced by the buyer’s continued use?
Your initial post should include your decision, your reasons for the decision, and evidence that supports your decision. Support your positions and provide citations for all outside sources used to develop and defend your position. Your follow-up discussion should challenge your classmates’ findings and defend your own position. Follow-up discussions to classmates’ initial responses should integrate course theories with a practical application of the subject; offer a personal observation or experience; reference real-world examples, current events; or present current research on the topic that encourages further discussion and ongoing dialogue with other students and the instructor in the class. Government Regulation of Business Essay
Topic 5 DQ 1
Assessment Description
View the case study “Warranty: Who Is Distorting What?” in You Be the Judge. After you receive the judge’s decision on this case, review Chapter 20 of the textbook. What is the distinction between an implied warranty of merchantability and an implied warranty of fitness for a particular purpose? Which warranty did the plaintiff breach in this matter?
Your initial post should include your analysis and evidence from other cases that supports your analysis. Cite any external sources that were not part of the interactive exercise. Your follow-up discussion should challenge your classmates’ findings and defend your own position. Follow-up discussions to classmates’ initial responses should integrate course theories with a practical application of the subject; offer a personal observation or experience; reference real-world examples, current events; or present current research on the topic that encourages further discussion and ongoing dialogue with other students and the instructor in the class.
Government Regulation of Business Essay