AssignmentLocate 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...

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Assignment








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?
Requirements:
• 4 pages, double-spaced with 1-inch margins and 12-point Times New Roman font
o

The title page and reference page are not counted towards the page requirement.



• APA format


At least 3 credible citations





Acceptable sources are scholarly articles from professional peer-reviewed accounting and business journals published within the last five years.






Running head: GUIDED IMAGERY AND PROGRESSIVE MUSCLE RELAXATION 2 3 Title of Paper in Bold Centered Student Name American Public University COURSE####: Course Title Instructor Name Due Date Repeat the Title – Level 1 Header Hit the tab key one time to begin the main body of the paper. The paragraphs of the main document are indented. The computer will wrap your text for you based upon the margin settings established by this document template. It is not necessary for you to hit the Enter or return key at the end of a line of text. Only hit the enter key (one time) when you reach the end of a paragraph. Then hit the tab key to indent and then continue typing the paper. In APA any source that you use in your paper must have an in-text citation. In APA these citations include the author’s last name and the year of the publication in parentheses (Name, Year). In most papers, you will use Level 1 headings for each section when discussing different topics. APA recommends using subheadings only when the paper has at least two subsections within a larger section.  Level 2 Header use: Flush Left, Bold, Title Case Heading Sub-section your essay using sub-headers in the same sequence you introduced your topic in your lead paragraph, your thesis. Level 3 Header use: Flush Left, Bold Italic, Title Case Heading The more lengthy or complex your essay, the potential for using additional Level Headers; notice the subtle difference. One tip for any submission, always double-check the font choice is consistent throughout the essay. Conclusion Begin to summarize the main points of your topic in three to five sentences. The conclusion of your paper should re-phrase the points of what your reader should be left remembering, nothing new, concise and to the point. Align to your Introduction. References Lastname, C. (2008). Title of the source without caps except Proper Nouns or: First word after colon. The Journal or Publication Italicized and Capped, Vol#(Issue#), Page numbers. Below are some examples for you to use as a guide. References (samples) All 33 Chile miners freed in flawless rescue. (2010, October 13). http://www.msnbc.msn.com/id/39625809/ns/world_news-americas/ Daresh, J. C. (2004). Beginning the assistant principalship: A practical guide for new school administrators. Thousand Oaks, CA: Corwin. Herbst-Damm, K. L., & Kulik, J. A. (2005). Volunteer support, marital status, and the survival times of terminally ill patients. Health Psychology, 24, 225-229. doi:10.1037/0278-6133.24.2.225 Investopedia. (2016). Fair market value. Investopedia Dictionary. http://www.investopedia.com. Kernis, M. H., Cornell, D. P., Sun, C. R., Berry, A., Harlow, T., & Bach, J. S. (1993). There's more to self-esteem than whether it is high or low: The importance of stability of self-esteem. Journal of Personality and Social Psychology, 65, 1190-1204. U.S. Department of Health and Human Services, National Institutes of Health, National Heart, Lung, and Blood Institute. (2003). Managing asthma: A guide for schools (NIH Publication No. 02-2650). http://www.nhlbi.nih.gov/health/prof/asthma/asth_sch.pdf In-text Citations (Samples) PLEASE NOTE: I placed sample citations in a chart so you could see the difference. Do not place cites in a chart format in your paper. Within a sentence At end of sentence "All 33 Chile Miners," (2010) ("All 33 Chile Miners," 2010). Daresh (2004) (Daresh, 2004). Herbst-Damm and Kulik (2005) (Herbst-Damm & Kulik, 2005). Investopedia (2016) (Investopedia, 2016). First citation: Kernis et al. (1993) First citation: (Kernis et al., 1993) First citation: U.S. Department of Health and Human Services, National Institutes of Health, National Heart, Lung, and Blood Institute [USDHHS] (2003) Subsequent cites: USDHHS (2003) First citation: (U.S. Department of Health and Human Services, National Institutes of Health, National Heart, Lung, and Blood Institute [USDHHS], 2003). Subsequent cites: (USDHHS, 2003). How to Cite Your Own Paper(s) from Previous Coursework When citing a paper that you wrote for a past class, consider yourself as the author and your previous course work as an unpublished paper, as shown in the APA publication manual. References Page Format In-Text Citation Author, (year written). Title [Unpublished manuscript]. Institution. O’Toole, T. (2019). An analysis of pre-WWII leaders [Unpublished manuscript]. Concordia University, St. Paul. With page number: (O’Toole, 2019, p. 4). Narrative Citation: According to O’Toole (2019)
Answered 6 days AfterJan 09, 2023

Answer To: AssignmentLocate and research a case on Earnings Management found in an Accounting and Auditing...

Ankita answered on Jan 13 2023
45 Votes
AAER on Honeywell International Inc.        2
AAER ON
HONEYWELL INTERNATIONAL INC
Introduction
We here will discuss the case of Honeywell International Inc which is traded in NASDAQ for which the AAER was published on the SEC website.
Summ
ary
The facts states that there has been violation of the anti -bribery, books and records and internal control provision of the “Foreign Corrupt Practices Act” in relation to the bribery schemes in Brazil and Algeria. It has been noticed that a bribe of $4million has been offered to a Brazilian official by Honeywell’s US wholly owned subsidiary with the assistance of an intermediary to win a contract with the Brazilian state-owned oil company- “Petrobras”. In Algeria too, in a similar case was found wherein employees of Honeywell Process solution with their intermediary paid money to an Algerian Government official to secure a contract amendment with Algerian state-owned oil company. Honeywell did not maintain proper books of accounts in connection with the scheme and also its internal control could not detect and prevent the misconduct.
Scenario
In the year 2008 and 2009 Petrobras called for bidding process which had three phases technical ranking, design competition and commercial valuation from different companies to design and construct two grassroot refineries to process heavy oil in Brazil (Liu et al., 2022). In 2009 when the companies submitted the technical proposal for the bidding Honeywell along with other two company received the highest ranking to proceed for the next phases.
As during this time Honeywell was interested in developing a stronger foothold in Brazilian oil industry it began searching for high level contacts at Petrobas to succeed in the bidding process, so Honeywell retained the Brazil agent to gain access to high officials at Petrobras (Lehenchuk et al., 2020). It submitted the bid based on the information provided by the Petrobras’s downstream director. First it submitted a bid of $425 million which was first rejected later on Honeywell revised its bid to $348 million on guidance provided by the high officials at Petrobras and was awarded the premium project. Honeywell paid Brazil Agent a total of $10.4 million as commission from US Account. The premium contract was terminated Petrobras terminated due to financial and other difficulties making its last payment on October 9,...
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