Accounting Article Review   Term Paper ID:43108 Click to get this paper

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Paper Introduction: a joint effort to fight corporate fraud an accounting article analysis IntroductionWhat This Article Is About The article that is analyzed in this paper deals with an agreementbetween a federal government agency the Federal Bureau of investigation FBI and a non-profit professional association the American Institute ofCertified Public Accountants AICPA to work cooperatively to detect document prosecute and hopefully to deter the commission of corporatefraud Telberg This agreement was negotiated several years afterthe spate of worst-case scenarios of corporate fraud that occurred Text of the Paper: The entire text of the paper is shown below. However, the text is somewhat scrambled. We want to give you as much information as we possibly can about our papers and essays, but we cannot give them away for free. In the text below you will find that while disordered, many of the phrases are essentially intact. From this text you will be able to get a solid sense of the writing style, the concepts addressed, and the sources used in the research paper. Conclusion With respect to the view of Telberg (2 4) on the seriousness ofcorporate fraud, this writer has no disagreements. Telberg (2 4) supported these points by explaining thequalifications of the corporate fraud investigators at the FBI whothemselves are forensic accountants and CPAs. Telberg (2 4) cited infamous recent casesto support his contentions in relation to these two points. L. This statement is in no way intended to discount theseriousness of the problem of corporate fraud in the United States or inany other part of the world. With respect to the viewof Telberg (2 4) that both the FBI and the AICPA were going to be latterday Eliot Ness imitators and doggedly track down and bring perpetrators tojustice, this writer believes that Telberg (2 4) was naïve at best andinsincere at worst. When this agreement was negotiated in 2 4,however, the Bush Administration was increasingly directing theinvestigative efforts of the FBI to so-called terrorist investigations andaway from the investigation of corporate fraud. This agreement was negotiated several years afterthe spate of worst-case scenarios of corporate fraud that occurred aroundthe turn of the 21st century (Enron was a poster child illustrative case).The agreement also came into being approximately two years after theenactment of the Sarbanes-Oxley Act of 2 2 that was (and probably stillis) intended to deter corporate financial fraud through the imposition andthe enforcement of strict rules.Why This Article Was Written This article likely was written as a public relations effort for boththe FBI and the AICPA. The first of these points was that corporate fraud is rife inthe United States. Neither is the statement intended to castdoubt on the sincerity of those members of the FBI who are charged withinvestigating corporate fraud. Getting away withcorporate fraud and other forms of white-collar crime is harmful to themoral fiber of American society. Telberg (2 4), however, did not present astrong case for the argument that, at the urging of the AICPA, practicingCPAs were going to embrace roles as FBI liaison to corporate perpetratorsof fraud. These last two statements provide thejustification for the selection of this article for review. Government Printing Office.Telberg, R. 2 2. A joint effort to fight corporate fraud. Washington, DC: U.S. Journal of Accountancy, 197(4), 53-56. (2 4, April). A third important point emphasized by Telberg (2 4) was thatcorporate fraud tends to be perpetrated by clever individuals. a joint effort to fight corporate fraud: an accounting article analysis IntroductionWhat This Article Is About The article that is analyzed in this paper deals with an agreementbetween a federal government agency, the Federal Bureau of investigation(FBI), and a non-profit professional association, the American Institute ofCertified Public Accountants (AICPA), to work cooperatively to detect,document, prosecute, and (hopefully) to deter the commission of corporatefraud (Telberg, 2 4). ReferencesSarbanes-Oxley Act. Thus, regardless of thesincerity of the few FBI agents that were still investigating corporatefraud, the resources devoted to the effort were inadequate. At the time this article was written, the makings ofthe current financial and economic disaster that is crippling the domesticeconomy of the United States, as well as the global economy, were in fullswing at corporate financial institutions in the United States. This point led Telberg(2 4) to a fourth point of emphasis to the effect that detection ofcorporate fraud requires the efforts of investigators who are at least asclever as are the perpetrators, introduce the nation's certified publicaccountants. Corporate fraud and other forms of white-collar crime are detrimental to the American economy. 745. The scandals at Enron and other offending companies werecharacterized by the complicity and/or negligence of compromised accountingfirms. 1 7-2 4, 116 Stat. Further, the Sarbanes-Oxley Act of 2 2 tended to undercut the roleof the AICPA, the Financial Accounting Standards Board (FASB), and otherprofessional accounting in combating corporate financial fraud. Pub. Telberg (2 4) also discussedthe unique qualifications of practicing CPAs who certainly are in positionsto detect corporate fraud. The second important point was that corporate fraud isdamaging to the domestic economy of the United States, as well as beingdamaging to the global economy. Although the AICPA traditionally has opposed corporate fraud, theorganization does not have a history of vigorously supporting regulationsand laws that would effectively eliminate the conflicts of interests ofauditing firms that sell other professional services to their auditingclients. The literature indicates, however, that corporate interests andprofession accounting bodies continuously attempted to weaken the Sarbanes-Oxley Act of 2 2, fair value accounting rules, strengthened disclosure,and tighter regulations - all of which could have provided someamelioration of the outcomes of the current crisis. Analysis There are several important points that Telberg (2 4) focused on inthis article. Neither theFBI nor the AICPA either detected or prevented the activity. Thus, while the article that is reviewed in this paper was likelylittle more than some positive publicity for the FBI and the AICPA, it diddeal with an important issue. This writercannot say one way or the other whether or how industriously they may havetried. Thus,corporate fraud frequently is difficult to detect. If this paper is not what you are looking for, you can search again: Search for: or Click here to request an essay written just for you.

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