Sunday 11 March 2018

Select a publicly traded company for which an Accounting and Auditing Enforcement Release (AAER) was drafted on the U.S. Securities and Exchange Commission (SEC) website

Select a publicly traded company for which an Accounting and Auditing Enforcement Release (AAER) was drafted on the U.S. Securities and Exchange Commission (SEC) website athttp://sec.gov/divisions/enforce/friactions.shtml in the past two years. 
Submit the company name to the instructor for approval. Please note that each student must research a different company.
After obtaining instructor approval, review all AAERs drafted during the five-year period and SEC Complaint relating to this company during the past five years, as well as information available on the company’s Investor Relations website to evaluate the following items.
Prepare a 10-12 slide PowerPoint presentation (excluding title page, abstract, references page, and appendices containing financial analysis) containing detailed speaker’s notes for each of these slides presenting the findings of your analysis of the AAERs and SEC Complaint. Your presentation should discuss the following:
Explain the history of corporate accounting responsibility.
Discuss how you think that CSR has influenced social accounting.
Ethics, accounting, and legal issues involved in the AAERs and SEC Complaint.
Role of accountants in recognizing and assessing ethical issues when performing audits of financial statements, management accounting, internal auditing, and not-for-profit accounting.
Ethics standards contained in the AICPA Code of Professional Conduct.
Ethics requirements of the Board of Accountancy for the State in which you intend to pursue CPA licensure.
Current trends and events illustrating the importance of ethics in the accounting profession.
The company I chose is General Motors   Jan. 18, 2017General Motors Company Other Release Nos.: 34-79825  (AAER-3850)
In addition to the SEC Forms, a minimum of five (5) peer-reviewed academic or professional references must be incorporated in the slides with corresponding citations present.

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The Executive Compensation Committee of the Board of Directors has asked your CFO to develop a report of what has transgressed in the area of executive compensation in U.S. corporations to ensure that they are aware of what has happened in this area.

The Executive Compensation Committee of the Board of Directors has asked your CFO to develop a report of what has transgressed in the area of executive compensation in U.S. corporations to ensure that they are aware of what has happened in this area. Your CFO has asked you to develop a report that includes the areas of executive compensation, the complaints from employees, the rationale from the executives, and what the U.S. government has done about these complaints.
The student should write report to the CFO that addresses the following: Explain why you believe that employees are outraged about outlandish executive compensation while their own pay has been reduced.
Describe your assessment of at least 1 example of compensation packages that appeared to be for the benefit of the executives, regardless of the cost.
Analyze the rationale of executives in cases when their compensation package is outwardly perceived as excessive.
Explain what the government has done in the attempt to curtail these apparent abuses in compensation.
Recommend what you believe constitutes an ethical executive compensation plan.
Include at least 3 properly researched facts as they apply to the debate of CEOs and excessive compensation.
Follow APA guidelines in citing the references. (3-5 pages)

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