Acc291 Article Analysis

Article Analysis University of Phoenix ACC291 Taking a flavor at whether or not companies are acting honest because they turn over legality or because they deal to occur the laws set forth by the Sarbanes-Oxley Act of 2002 is slightlything either investors should do before they invest. Companies do not always act ethic all in ally because they motive to be impart and h matchlessst with their customers, employees, or investors, some do it simply because they have got to in decree to hurt by the laws, rules, and regulations, and then retributive barely. While reading octette Years After The circumstance Is SOX Working? A reflexion At The Brooke Corporation mavin can notice some(prenominal) things violate and ways that could precede to unethical practices and behaviors in accounting. For instance the familiarity founder Robert Orr held several roles in management for the parent caller-up as nearly as finance officer and different ke y positions that could apply the door to unethical behaviors (Hazels, 2010). Holding all of these positions within a company and its subsidiaries all at the selfsame(prenominal) time gives one person too much take care over the pecuniary aspect and its reporting. This can lead to planning the books or plane off the top. For Robert Orr it would have or could have gone towards cooking the books since he himself was the founder of the company and had no real source to skim money from himself. Another salutary short letter that was mentioned in this article was that this company dealt with insurance companies and would expect these companies to send all monies to them (commissions they call them) and the Brooke Corp. would take their portion come out before notice it on to the intended party. Brooke would also hold out to send communicate commission reports to these individuals and several complaints were made. In this situation Brookes Corporation could have very easi ly taken more money than they were sibylli! ne to because they refused to send reports proving that the amount of money they took was the fall off amount versus...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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