Title: managerial and financial accounting

Essay Details

Subject: Business
Author: Alberta P
Date: September 27, 2015
Level: University
Grade: B
Length: 4 / 1183
No of views: 0
Essay rating: good 0, average 0, bad 0 (total score: 0)

Essay text:

Members of the board and the existing corporate governance structure are significant signals of the potential for earnings manipulation and opportunistic behavior. Accounting problems at Enron, WorldCom, and other companies have raised important questions about the audits of corporate financial statements...

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Independent accountants, who were certified public accountants, performed these audits. While auditors are regulated by both governmental agencies and professional organizations, many question whether this oversight has been adequate. (Lyke, 2003) Thanks to beefed-up regulations the current governance structure is more likely to limit further abuses...

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