Accounting Princeple Essay Example | Topics and Well Written Essays - 500 words

Accounting Princeple - Essay Example (Schroeder, Clark and Cathey, 2010 p21) This is a write-out set to discuss the issue of professional ethics of accounting breach and more specifically it will pick one case that has occurred relating to this, which is a documented example. The study will give a comprehensive unfolding of events of this case. The case to be discussed is that of Bernie Madoff, who was sentenced in mid-year 2009 for his involvement in investors’ defrauding. This went down as one of the largest cases of its kind. Bernie was sentenced to a 150-year jail term. This process of defrauding commenced few decades before 2009 and the main set up to deceive investors was the Ponzi scheme that was to pose as an investment management organization. The firm operating this kind of business was Bernard L. Madoff Securities Limited Liability Company. In such aforementioned scheme, the manager just utilizes money obtained from the new entrant investors to cater for the payment of the already existing ones. This, thus, is a payment not based on the firm’s returns as would have been expected professionally. Ponzi schemes are renowned for their rapid caving in, but the case of Bernard was different. He was popular, reputable as well as a person with strong personal contacts, which enabled his prolonged survival. (Reeve, Duchac and Warren, 2011 p5) The Bernard Madoff case according to bizcovering.com website was that of a mega-thief. He was an auditor in New York. This auditor was discovered to have been appending signatures upon financial statements that were fraudulent. Following the scandal, an employee of Bernard Madoff, Friehling is facing a jail term as well. The fraudulent actions occurred from 1991 through 2008 and they were organized from the storefront set up in New York. The conviction of Mister Friehling was because of several ethically incorrect issues in the field of accounting with the inclusion of abetting as well as aiding adviser

(1) immigration opinions( Analysis paper) and (2) Dorothy's diary Essay

(1) immigration opinions( Analysis paper) and (2) Dorothy's diary - Essay Example The poems and pictures however scorn the immigrants indirectly where they are portrayed as filthy and strange and talk in â€Å"accents of menace.† This presents a contradiction between the foreigners’ attitudes and behavior. In the text by Josiah, the immigrants are defined in terms of their benefits to the foreigners which contrast with the poem and the photos but it however leads to the same conclusion of how unwelcome they are in the foreign land despite the political advantages they might bring to the foreign country. Josiah Strong in his essay talks about the immigrants having only two influences to the foreigners: moral and political influences. In the moral influences, immigrants are described as individuals who have no moral or religious training or have only little of the training and hence cannot compare to the foreigners. The â€Å"strange speech† of the immigrants and their beliefs are viewed as demoralizing and the change from the native to the foreign country makes them have temptations of the foreigners hence demoralizing them even further. They are seen to be the majority perpetrators of crime in their foreign land an indication of their lack of morals. The political aspect is different and it is the immigrants who influence the foreigners. The foreigners seeking political power use the immigrants to gather the votes by getting them in the churches or using their socialist ideologies in their campaigns. Majority of the immigrants join the Catholic Church and the Mormon Church and that is where the politicians target to get their votes and make promises to the poor, naà ¯ve and hopeful immigrants. The immigrants in the end are however seen to pollute the civilization and ways of life of the foreigners through their influx in the cities. They are in the end therefore a threat and not so much of a blessing. In the picture â€Å"The Modern Moses,† immigrants are seen crossing the ocean to