Case 3-8 Accountant takes on Halliburton and Wins!

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Summary:

Please read the assigned case, answer the questions in the textbook, and create one multiple choice question (no true/false accepted) with four answer choices. Include the correct answer.

Case 3-8 Accountant takes on Halliburton and Wins! 1. Describe the inadequacies in the corporate governance system at Halliburton. 2. Consider the role of KPMG in the case with respect to the accounting and auditing issues. How did the firms’ actions relate to the ethical and professional expectations for CPAs by the accounting profession? 3. The Halliburton case took place before the Dodd-Frank Financial Reform Act was adopted by Congress. Assume Dodd-Frank had been in effect and Menendez decided to inform the SEC under Dodd-Frank rather than SOX because it had been more than 180 days since the accounting violation had occurred. Given the facts of the case would Menendez have qualified for whistleblower protection? Explain. 4. Some critics claim that while Menendez’s actions may have been courageous, he harmed others along the way. His family was in limbo for many years and had to deal with the agony of being labeled a whistleblower and disloyal to Halliburton. The company’s overall revenue did not change; a small amount was merely shifted to an earlier period. Halliburton didn't steal any money, they didn't cheat the IRS, they didn't cheat their customers or their employees. In fact, they lessened their cash flows by paying out taxes earlier than they should have under the rules. How do you respond to these criticisms?

Homework Assignment Policy (Course Syllabus) The homework assignments include answering the assigned case questions from the textbook and creating one multiple choice question (no true/false accepted) with four answer choices based on the cases (include the correct answers). Please use your own words when completing the homework assignments. There is no required homework format, but you must write in organized paragraphs with complete sentences. Do not use bullet points or direct quotes. I do not allow any direct quotations. Please do not rewrite case information from the textbook to avoid a high similarity score from Turnitin. It is best to paraphrase rather than to include directly quoted case material in your writing. Turnitin on iLearn will be used to check for plagiarism. Please refer to the Turnitin policy below. You can only upload word/text files to iLearn or copy and paste text into the text/content area. Do not upload pdf/pages files.

Minimum Word Requirements: Students are required to write at least 300 words. However, this does not count multiple choice question and homework questions. Please include the word count at the top of your homework. I require minimum word counts to give students an idea of how much work is expected. Otherwise, students may do much less than they need to do in order to develop their critical and analytical thinking skills.