Download or read book Tax Services as a Trojan Horse in the Auditor Independence Provisions of Sarbanes Oxley written by Matthew J. Barrett and published by . This book was released on 2006 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This article argues that the failure of the Sarbanes-Oxley Act of 2002 (SOx) to prohibit auditors for public companies from also providing tax services to audit clients or their executives and selling tax shelters to anyone remains a Trojan horse that threatens both the investing public and the auditing profession. Although SOx enacted several reforms designed to enhance auditor independence, the legislation and implementing regulations that the Securities and Exchange Commission (SEC) subsequently promulgated allow an auditor for a publicly traded company to provide tax services to the company as long as the audit committee preapproves the engagement. As the most vocal advocate in the legal academy for increased auditor independence, Professor Bernard Wolfman has repeatedly argued that a conflict of interest arises anytime an auditor offers significant tax advice to an audit client or promotes a tax shelter to anyone. Going beyond Professor Wolfman''s recommendations and in an effort to prevent further damage to the auditing profession's reputation, the public's confidence in the capital markets in this country, and the U.S. economy generally, this article argues that auditors for public companies should also not provide tax compliance services to audit clients or their executives. Accordingly, this article urges individual auditors, auditing firms, the accounting profession, audit committees, investors, and, if necessary, the newly created Public Company Accounting Oversight Board (PCAOB) and the SEC, to take those actions necessary to preclude auditors for public companies from providing tax services to audit clients or their executives and from promoting tax shelters to anyone. While various tax services present potential conflicts of interest in differing degrees, drawing lines between different types of tax services, such as tax return preparation, tax consulting, and tax planning, presents very significant practical difficulties. Recognizing these practical difficulties, this article recommends a "bright line," best practice that would bar registered public accounting firms from rendering tax services to audit clients or their executives and promoting tax shelters to anyone. The article suggests that if an auditing firm embraces and advertises such a "total independence" policy, the firm may gain a competitive advantage in attracting new audit clients. Such an approach might even allow one or more non-Big Four accounting firms to compete favorably with the Big Four, reducing consolidation and increasing competition in the industry.
Download or read book E book Ethical Obligations and Decision Making in Accounting Text and Cases written by Mintz and published by McGraw Hill. This book was released on 2016-04-16 with total page 626 pages. Available in PDF, EPUB and Kindle. Book excerpt: E-book: Ethical Obligations and Decision-Making in Accounting: Text and Cases
Download or read book Materials on Accounting for Lawyers written by David R. Herwitz and published by . This book was released on 2001 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: This concise edition is based upon the research, analysis, and preparation underlying the full edition, with substantial reductions in text and principal cases in various areas.
Download or read book Accounting for Lawyers 2004 written by David R. Herwitz and published by . This book was released on 2004 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Accounting Firms and Tax Services written by Roslyn G. Hooten and published by . This book was released on 2003 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book DePaul Business Commercial Law Journal written by and published by . This book was released on 2006 with total page 820 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Minnesota Law Review written by and published by . This book was released on 2007-11 with total page 968 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book United States Code Service Lawyers Edition written by United States and published by . This book was released on 1936 with total page 518 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Current Law Index written by and published by . This book was released on 2005 with total page 1032 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Michigan Law and Practice Encyclopedia written by and published by . This book was released on 1998 with total page 514 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Missouri Law Review written by and published by . This book was released on 2006 with total page 1288 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Index to Legal Periodicals Books written by and published by . This book was released on 2005 with total page 2288 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Accounting Information Systems written by Leslie Turner and published by John Wiley & Sons. This book was released on 2020-01-02 with total page 592 pages. Available in PDF, EPUB and Kindle. Book excerpt: Accounting Information Systems provides a comprehensive knowledgebase of the systems that generate, evaluate, summarize, and report accounting information. Balancing technical concepts and student comprehension, this textbook introduces only the most-necessary technology in a clear and accessible style. The text focuses on business processes and accounting and IT controls, and includes discussion of relevant aspects of ethics and corporate governance. Relatable real-world examples and abundant end-of-chapter resources reinforce Accounting Information Systems (AIS) concepts and their use in day-to-day operation. Now in its fourth edition, this popular textbook explains IT controls using the AICPA Trust Services Principles framework—a comprehensive yet easy-to-understand framework of IT controls—and allows for incorporating hands-on learning to complement theoretical concepts. A full set of pedagogical features enables students to easily comprehend the material, understand data flow diagrams and document flowcharts, discuss case studies and examples, and successfully answer end-of-chapter questions. The book’s focus on ease of use, and its straightforward presentation of business processes and related controls, make it an ideal primary text for business or accounting students in AIS courses.
Download or read book Auditor s Dictionary written by David O'Regan and published by John Wiley & Sons. This book was released on 2004-10-06 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Dictionary of Auditing is a one-stop resource for key auditing terminology, concepts, and processes essential to auditors and of increasing interest to those that work with them. Covers key regulatory developments such as Sarbanes Oxley and provides links for further reading.
Download or read book Enron written by Nancy B. Rapoport and published by . This book was released on 2004 with total page 980 pages. Available in PDF, EPUB and Kindle. Book excerpt: This law school text explores the Enron debacle from a variety of different aspects. Essays analyze the business-government interactions and decisions that laid the foundations for Enron's growth and subsequent demise. Other essays describe and detail the complex web of partnerships and accounting tricks used by Enron to hide bad news and project good news. While other essays focus on the ethical and legal dimensions of the Enron crisis, and their lessons for business and law students, as well as for society.
Download or read book Management Information Systems written by Kenneth C. Laudon and published by Pearson Educación. This book was released on 2004 with total page 618 pages. Available in PDF, EPUB and Kindle. Book excerpt: Management Information Systems provides comprehensive and integrative coverage of essential new technologies, information system applications, and their impact on business models and managerial decision-making in an exciting and interactive manner. The twelfth edition focuses on the major changes that have been made in information technology over the past two years, and includes new opening, closing, and Interactive Session cases.
Download or read book Materials on Accounting for Lawyers written by David R. Herwitz and published by . This book was released on 2001 with total page 716 pages. Available in PDF, EPUB and Kindle. Book excerpt: This concise edition is based upon the research, analysis, and preparation underlying the full edition, with substantial reductions in text and principal cases in various areas.
