Financial Statement Misrepresentation Essay – Description
Instructions
For the week 8 research assignment, you will locate and research a case on Earnings Management found in an Accounting and Auditing Enforcement Release (AAER) of the Securities and Exchange Commission (SEC). Select a publicly traded company that uses U.S. GAAP for which an AAER was published on the SEC website in the past five years.
After selecting your case, review any credible articles published relating to this company as well as information available on the company’s Investor Relations website to evaluate the following items:
• Identify specific facts of the case that caused the SEC to become involved in the investigation
• Discuss how the SEC handled the complaints.
• How did the company react to the investigation?
• Were any sanctions imposed by the SEC? If so what, were they.
• What steps did the company take to rectify the situation?
• What’s the current status of the investigation today?
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