Accounting

Running head : US SEC V . CARDINALUnited States Securities and walk direction v . Cardinal Health IncNameSchoolProfessorCourseUnited States Securities and Exchange delegacy v . Cardinal Health IncIssueDid the Cardinal commit irregularities and imposture in its fiscal statementsRule of LawBasically , corporations be mandated to comply with the Generally appreciate Accounting Principles (GAAP ) in all their fiscal and activities . The GAAP embodies the chiliad set of principles standards , and procedures that govern companies in compiling their financial statements (Ruppel , 2004 . advisedly , the GAAP is established to guide the accountants in classifying different financial proceedings made by the companies . Because of various financial transactions from different financial institutions such as suppliers , customers , debtors and creditors , accountants need to convey up rules , procedures , and guidelines for them to make an accurate of transactions and present standardised financial statements . Every transaction has different accounts .

These accounts , in strain , are reflected in the financial statement of the companiesAnother law satisfying to this grapheme is the Securities Exchange Act of 1934 , particularly Rule 10b-5 which pertains to the concern of artful and deceptive devices for the purpose of defrauding transaction in joining with the keep up or sale of securities (University of Cincinnati , 2008 . Under this Act , the equip has ground the basis of litigation in Rule 13 the nce in reporting fraudulent statements , boo! ks , and other knowledgeable withstand violations . Also relevant to this case is the Securities Act of 1933 , specifically persona 17 thereof which encompasses fraudulent acts...If you want to get a full essay, order it on our website: OrderEssay.net

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