For Each Independent Case Below: (1) Indicate Which Source Better

question 72

Essay

For each independent case below: (1) indicate which source better fulfills the indicated UMUC criterion for information evaluation AND (2) circle the phrase that led you to your decision.
a.Objectivity:
i.A Wall Street Journal article about financial statement fraud cases, written by an investigative reporter whose contact information is provided
ii.A presentation on financial statement fraud cases, given by an experienced independent consultant to prospective clients
b.Accuracy:
i.A web site that correctly defines six elements of financial statements from the FASB Conceptual Framework
ii.An article that accurately gives examples of four constraints from the FASB Conceptual Framework
c.Authority:
i.A presentation delivered by a retired IRS agent on tax fraud
ii.An attorney's web site recommending strategies for avoiding tax audits
d.Currency:
i.A web site last modified in 2010 that gives examples of internal controls for international companies
ii.A 2009 article in a practitioner journal that gives examples of how companies are implementing international financial reporting standards
e.Coverage:
i.An article titled "Elements of the Balance Sheet" that explains (only) the difference between current assets and plant assets
ii.An article titled "Emerging Technologies in Accounting" that briefly discusses three new technologies used by a single company

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Definitions:

Wage Compression

A situation where there is a diminishing difference in pay between employees regardless of their skills, experience, or job responsibilities.

Pay Structure

The organization of different salary levels and scales that reflects the hierarchy of positions, responsibilities, and salaries within a company.

CPI

The Consumer Price Index is a calculation that determines the overall average cost of a selected collection of consumer goods and services, including categories like food, transportation, and healthcare.

Internal Factors

Elements within an organization that can influence its operations such as culture, values, and internal relationships.