ACC 573 WEEK 3 ASSIGNMENT 1
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ACC 573 WEEK 3 ASSIGNMENT 1
Financial Statement Restatement and Ethics
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.
4.
Use at least two (2)
quality academic resources in this assignment. Note: Wikipedia
and other Websites do not quality as academic resources.
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