The SEC Case Against Pfizer Case Deals with the Issue

question 61

Essay

The SEC case against Pfizer case deals with the issue of improper payments, including hospitality and travel expense, made to doctors and health-care professionals in other countries, and illustrates the importance of an effective system of internal controls, strong corporate governance, and tone at the top. Describe the facts of the case and evaluate the effect on accountants and auditors on disclosing illegal acts and evaluating internal controls.

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Definitions:

Builds

The process of constructing or developing something, often used in the context of software development or construction.

Passive Voice

A grammatical voice where the subject of the sentence is acted upon by the verb.

Slide Sorter

A feature in presentation software that displays thumbnail versions of slides for easy organization and navigation.

Visual Appeal

The attractiveness or aesthetic value of something, determined by its visual elements like color, layout, and design.