Tom Anderson is a CPA who is engaged to prepare the annual tax return for Mary Wench, the EO of a company to which Tom provides regular consulting services. Each year Mary brings Tom several brown bags full of documents relating to her income and expenses. This year, when Tom is sorting through the documents, he finds something he hadn’t seen in previous years: a deposit receipt from a foreign trust in the Cayman Islands. The receipt for $50,000 was written by a Cayman Islands attorney, with a notation that it was for deposit in a trust account for the benefit of Mary Wench. Tom asked Mary about the receipt. “What is this?” he asked.
“Forget about it,” she said. “I want you to act like you never saw this.”
Tom is concerned that Mary may be evading taxes by not reporting income from the trust, and he is also concerned about the need to disclose the existence of the foreign trust on her tax return.
Should Tom immediately withdraw from the engagement without discussing it further, try to convince Mary to report the foreign trust and any related income, report the incident to the IRS or other authorities, and continue to do consulting for the company?
Unit 5.2 Discussion Board (ACC325 Forensic Accounting)
Sonya Fuentez, an IRS-enrolled agent, is preparing an annual income tax return for Carlito Alverez. Sonya is a little apprehensive about the engagement because she’s heard rumor that Alverez is a major drug trafficker with roots in Colombia.
At Alverez’s request, Sonya visits his home to discuss the details of his return. When she arrives, she’s shocked by the opulence she sees. The house is on 2 acres of land just west of the Intracoastal Waterway in Miami Beach. The land is completely surrounded by canals and connects to the rest of the city only via a narrow bridge that has small guardhouse and security team protecting the entrance to the driveway. She sees other uniformed security guards walking around the perimeter of the property.
The three-story house appears to be as large as a small city block. She’s escorted by a housekeeper to a rear patio and garden where Alverez is sipping a martini and watching the large boats go by.
“Welcome to my humble abode,” he says. “I hear you’re really good. I hate paying taxes, so I need an accountant who can save me as much money as possible.”
Sonya smiled and accepted a martini from a tray brought to her by a man wearing crisp black and white tuxedo-type clothes.
“I’ll pay you $50,000 for your help,” he said. “All in cash, if you want.”
Sonya needed the money, so she said, “Ok, I’ll accept your very generous offer.”
“Great,” he said. “Let’s get started.”
“One thing first,” she said. “I must ask you before we start not to tell me about any illegal activities. I won’t be able to help you if you do that. I must also tell you that you must be completely truthful in your tax return, and you must report all income.”
“Okay,” he said, “I get most of my money from commissions on my international import and export business.” He grinned from ear to ear. “I don’t mind paying my taxes on that. The U.S. has been good to me, and I’m happy to do my part in the tax system here.”
“You’re a Columbian citizen?” she asked.
“I’m a naturalized U.S. citizen,” he replied. “I even got to see John Ashcroft at the ceremony at the Convention Center.”
He went on to show her detailed records of income and expenses. Most of the incoming funds had been deposited directly into foreign banks.
“I’ll take these documents back to my office,” she said.
She returned to her office and spoke to Julia Whitaker, her partner.
“Don’t even think about doing this guy’s tax return,” said Julia.
“What do you mean?” asked Sonya. “He wants to pay his taxes. All I want to do is help him.”
“Yes, but we both know what he imports and exports.”
“You don’t know anything for sure,” snapped Sonya. “Just because he’s rich and has a reputation doesn’t make him guilty of anything.”
“Forget that,” said Julia. “Let’s just assume he’s a drug trafficker. Given that, can you accept this engagement?”
Can and should Sonya accept the engagement with Alverez? Why or why not?
Unit 5 DB: Organizational Structures (ACC430 Accounting Information Systems)
Per Chapter 8 Problem 12, Organizational Structure and Span of Control comment as to the advantages and disadvantages of the organizational structures proposed. What structure would you recommend? Perhaps you would recommend a third structure.
12. ORGANIZATION STRUCTURE AND SPAN OF CONTROL Refer to the organization charts labeled Structure A and Structure B in the figure for problem 12. (Figure Attached)
Required:
a. For the organizational structure A, describe the
1. advantages and disadvantages of this structure.
2. impact of the resulting span of control.
3. effect of the organizational structure on employee behavior.
b. For the flat organizational structure B, describe the
b.1. advantages and disadvantages of that organizational structure.
b.2. impact of the resulting span of control.
b.3. effect of the organizational structure on employee behavior.
b.
c. When determining the appropriate span of control for a company, discuss the factors that should be considered.
Compelling correspondence is essential to the achievement all things considered but since of the changing idea of the present working environments, successful correspondence turns out to be more troublesome, and because of the numerous impediments that will permit beneficiaries to acknowledge the plan of the sender It is restricted. Misguided judgments.In spite of the fact that correspondence inside the association is rarely completely open, numerous straightforward arrangements can be executed to advance the effect of these hindrances.
Concerning specific contextual analysis, two significant correspondence standards, correspondence channel determination and commotion are self-evident. This course presents the standards of correspondence, the act of general correspondence, and different speculations to all the more likely comprehend the correspondence exchanges experienced in regular daily existence. The standards and practices that you learn in this course give the premise to additionally learning and correspondence.
This course starts with an outline of the correspondence cycle, the method of reasoning and hypothesis. In resulting modules of the course, we will look at explicit use of relational connections in close to home and expert life. These incorporate relational correspondence, bunch correspondence and dynamic, authoritative correspondence in the work environment or relational correspondence. Rule of Business Communication In request to make correspondence viable, it is important to follow a few rules and standards. Seven of them are fundamental and applicable, and these are clear, finished, brief, obliging, right, thought to be, concrete. These standards are frequently called 7C for business correspondence. The subtleties of these correspondence standards are examined underneath: Politeness Principle: When conveying, we should build up a cordial relationship with every individual who sends data to us.
To be inviting and polite is indistinguishable, and politeness requires an insightful and amicable activity against others. Axioms are notable that gracious “pay of graciousness is the main thing to win everything”. Correspondence staff ought to consistently remember this. The accompanying standards may assist with improving courtesy:Preliminary considering correspondence with family All glad families have the mystery of progress. This achievement originates from a strong establishment of closeness and closeness. Indeed, through private correspondence these cozy family connections become all the more intently. Correspondence is the foundation of different affiliations, building solid partners of obedient devotion, improving family way of life, and assisting with accomplishing satisfaction (Gosche, p. 1). In any case, so as to keep up an amicable relationship, a few families experienced tumultuous encounters. Correspondence in the family is an intricate and alluring marvel. Correspondence between families isn’t restricted to single messages between families or verbal correspondence.
It is a unique cycle that oversees force, closeness and limits, cohesiveness and flexibility of route frameworks, and makes pictures, topics, stories, ceremonies, rules, jobs, making implications, making a feeling of family life An intelligent cycle that makes a model. This model has passed ages. Notwithstanding the view as a family and family automatic framework, one of the greatest exploration establishments in between family correspondence centers around a family correspondence model. Family correspondence model (FCP) hypothesis clarifies why families impart in their own specific manner dependent on one another ‘s psychological direction. Early FCP research established in media research is keen on how families handle broad communications data. Family correspondence was perceived as an exceptional scholastic exploration field by the National Communications Association in 1989. Family correspondence researchers were at first impacted by family research, social brain science, and relational hypothesis, before long built up the hypothesis and began research in a family framework zeroed in on a significant job. Until 2001, the primary issue of the Family Communication Research Journal, Family Communication Magazine, was given. Family correspondence is more than the field of correspondence analysts in the family. Examination on family correspondence is normally done by individuals in brain science, humanism, and family research, to give some examples models. However, as the popular family correspondence researcher Leslie Baxter stated, it is the focal point of this intelligent semantic creation measure making the grant of family correspondence special. In the field of in-home correspondence, correspondence is normally not founded on autonomous messages from one sender to one beneficiary, yet dependent on the dynamic interdependency of data shared among families It is conceptualized. The focal point of this methodology is on the shared trait of semantic development inside family frameworks. As such, producing doesn’t happen in vacuum, however it happens in a wide scope of ages and social exchange.
Standards are rules end up being followed when performing work to agree to a given objective. Hierarchical achievement relies significantly upon compelling correspondence. So as to successfully impart, it is important to follow a few standards and rules. Coming up next are rules to guarantee powerful correspondence: clearness: lucidity of data is a significant guideline of correspondence. For beneficiaries to know the message plainly, the messages ought to be sorted out in a basic language. To guarantee that beneficiaries can without much of a stretch comprehend the importance of the message, the sender needs to impart unmistakably and unhesitatingly so the beneficiary can plainly and unquestionably comprehend the data.>
