ACC 573 Week 3 Assignment 1 Financial Statement Restatement and Ethics
· Assess how the Sarbanes-Oxley Act addresses the concern of corporate “ managed earnings ”, indicating whether or not you believe the requirements within the Act are sufficient to minimize these concerns . Provide support for your rationale .
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ACC 573 Week 3 Assignment 1 Financial Statement Restatement and Ethics
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Write a two to three ( 2-3 ) page paper in which you :
1 . Assess the factors that contributed to the financial statement restatement , signifying the executive management team ’ s attitude toward the restatement . Suggest how the restatement may have been avoided during the initial reporting process .
2 . Explain the impact to the company ’ s stock price when the restatement was released and to future earnings forecast , indicating whether or not you believe the impact to the stock price was justified .
3 . Evaluate the restatement in terms of management ’ s ethical violations according to the requirements of the Sarbanes-Oxley Act , providing recommendations to management on how to avoid these problems in the future . Provide support for your recommendations .