ACC 573 Week 3 Assignment 1 Financial Statement
Restatement and Ethics
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ACC 573 Week 3 DQ 1
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the requirements within the Act are sufficient to minimize these concerns . Provide support for your rationale . ==============================================
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 : 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 . 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 . 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 . Use at least two ( 2 ) quality academic resources in this assignment . Note : Wikipedia and other Websites do not quality as academic resources . ==============================================
ACC 573 Week 3 DQ 1
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As part of the Sarbanes-Oxley Act , corporate officers are no longer able to “ pass the buck ” of responsibility for ensuring adequate controls over financial statements and reporting activities thus