This case provides senior-level accounting majors and graduate students a perspective and an appreciation of topics in areas of corporate governance, The Sarbanes Oxley Act (SOX) and board of directors/audit committee protocol. Utilizing role playing, this case has a heavy emphasis on the business communication process, written and verbal, necessary to effectively and efficiently describe business issues relating to corporate governance and recommend appropriate actions. The key accounting issue discussed in the case is revenue recognition. This is an area of constant concern to audit committees, management and auditors, especially for public companies.
This case meets the increased need to provide instruction in this new and critical area of corporate governance. The teaching notes provide a roadmap (suggestions on exercises, role playing and communication processes) for instructors who are interested in teaching corporate governance at the undergraduate or graduate level.
Download Article