Legality and Ethicality of Corporate Governance Felicity McNelley Ethics 376 Juan Valdez June eleventh 2012 progress to together Thermostatic Controls is attempting to increase their revenue earlier December 31, 2010 as they need the increase to show an majestic of profit for the take up due to low sales throughout the year. There be two companies that unify wishings to delight to. Neither company pass judgment to or cherished to receive their shipmints prior to February 1 2011, per their contracts. The runner trouble is that United Thermostatic Controls is shipping items without the express apply of the buyers. The second worry is that United is recording revenue that has not yet been received, and withal because they ar not following the agreements with the clients, thither is a opening night that the freights would be refused. The first company, Allen corporation, does not want the goods until February 1 as they cannot use them until then since the bu ilding they atomic number 18 to be used for will not be kick upstairs until that point in time. Bilco, the second company has expressly deliver that they do not want any partial freightages and the shipment has already been scheduled for February 1, 2011. There are a less problems with these actions in regards to the Sarbanes-Oxley Act. The first has to do with section 302 of the Act.

According to  hypertext change over protocol://www.soxlaw.com/index.htm (2006) the pecuniary statements and related study fairly relegate the fiscal condition and the results in all material respects. (soxlaw.com/s302.h tm) This information is incorrect because t! he fact that United is reporting income that is not guaranteed way of life that they are not showing an accurate picture of their financial rest during 2010 as there is a 5.4% variable due to the commute in income because of these two recordings. A second problem check to the Sarbanes Oxley is affected in section 206 which is conflicts of interest. Waltar Hayward who is the chief financial policeman of the company also serves on the...If you want to get a full essay, order it on our website:
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