Week 2 Discussion Thread questions

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    Week 2 threaded Discussion question

    Instruction

    Graded Discussions: This class will generate many interesting discussions. Participate as much as you can, but at least on three separate days per week. Feel free to share personal experiences. Post recent articles and tell us about them. Let’s have fun with the discussions!

    I wanted to make sure you are aware of Keller’s policy on Academic Integrity violations. For the student’s first offense, the penalty for an Academic Integrity violation in a graduate course is a zero for the course (not just for the assignment, quiz or exam).  Some tips to help you when completing Case Study, and discussions:  “Over cite” is best rather than not citing at all! Follow the 80/20 Rule when writing – 80% your contribution/20% from outside sources.

    1) Class, what factors may be responsible for whether Toyota’s image endures long-term versus short-term negative effects?

    2) Explain how a “two-tier” structure for the board of directors such as the one in Germany differs from the unitary approach in the U.S. Do you think the two-tier system better serves the goal of having strong and effective corporate governance?

    3) Class, the Institute of Internal Auditors states in its November 2005 issue of “The Tone at the Top” that businesses can rely on an industry standard, Internal Control – Integrated Framework, to comply with certain provision in the Sarbanes-Oxley Act by assessing and enhancing companies’ internal control systems.  How do effective internal controls help an organization to promote efficiency, minimize risks, help ensure the reliability of financial statements, and comply with regulations?

    4) Class what is the difference between a rules-based and principles-based approach to accounting standard setting?

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