B A 300 Chapter Notes - Chapter 9: Financial Statement, Whistleblower
Document Summary
Advertising- act of offering goods or service through media. Principles that determine which advertising techniques cross the line, varying opinions of. Almost all advertising is falsehood what truth is. Justice -is the price fair to the target audience. Contact your company"s ethics officer or ombudsman. Consider going outside your chain of command. 1990s financial reporting scandals led new york stock exchange to make reforms. Enforce corporate board and audit independence and require members to have codes of conduct. Passed sarbanes oxley act (sox) -change lead auditor every 5 years. Ceo and cfos required to certify the accuracy of financial statements if false 5 million fine and 20 years prison. 404-requires firms to be able to show that their internal financial control systems are sound. Increased credibility of markets and have caught problems. Non-us companies continue to come to us stock exchanges.
