Posts Tagged: Trump administration

Big Shakeup!

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Behavioral and Social Issues Related to Accounting, Ethical Dilemma, Financial Accounting, Financial Reporting and Analysis, Intermediate Accounting, Uncategorized.

The Securities and Exchange Commission abruptly removed William Duhnke as chairman of the Public Company Accounting Oversight Board.  Questions: According to the new chair, what does this firing report to do? Why has the PCAOB come under recent scrutiny? How long has Duhnke been chair? According to the article, why shouldn’t PCAOB members be replaced… Read more »

Tik Tok Sues the U.S.

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Accounting, Intermediate Accounting, Managerial Accounting, Uncategorized.

Tik Tok sued the U.S. government for the policy of the Trump Administration that deprives it of its due process of blocking the app from operating in the country. Questions: Where was the lawsuit filed? What was the other app besides Tik Tok that Trump issued a ban against? How many workers does Tik Tok… Read more »

SEC Commissioner Entangled in Friday Night Controversy

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Ethical Dilemma, Financial Accounting, Intermediate Accounting, Managerial Accounting, Uncategorized.

Corporate lawyer, Jay Clayton, named to the Securities and Exchange Commission (SEC) was near to landing his dream job when he became embroiled in a huge political fight where Geoffrey S. Berman, the current United States attorney for the Southern District of New York was fired.   Questions: What was the controversy explained in the… Read more »

Big-time Lost Sales

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Accounting, Intermediate Accounting, International Accounting, Managerial Accounting, Uncategorized.

According to the Washington Post, U.S. blacklisting of the Chinese telecom giant, Huawei, will reduce the company’s sales by $30 billion over the next two years. Questions By what percentage are Huawei’s cellphone sales outside China expected to drop due to the U.S. ban? Why did the Trump administration bar the selling of U.S. technology… Read more »