9.00am to 6.00pm, Mondays to Fridays and has the weekends off. Kimberly will usually conduct beginner baking classes over the weekend as she would like to save up to start her own baking business in the near future. Based on the scenario, interpret the three (3) main tests and identify if Kimberly is an Employee or an Independent Contractor. Apply the facts of the scenario to your justification.
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- 1. The kickback is a form of fraud often associated with purchasing. Most organizations expect their purchasing agents to select the vendor that provides the best products at the lowest price. To influence the purchasing agent in his or her decision, vendors may grant the agent financial favors (cash, presents, football tickets, and so on). This activity can result in orders being placed with vendors that supply inferior products or charge excessive prices. Required: Describe the controls that an organization can employ to deal with kickbacks. Classify each control as either preventive, detective, or corrective. 2. A recent survey of institutional investors reveals that most of them want corporate boards to be composed of at least 75 percent independent directors. Required: Write an essay explaining why director independence has become such a high-profile issue and one of great importance.Why was the Sarbannes-Oxley Act necessary ? and use examples to justify .jimmy is the owner of vrs. until recently jimmy was also the managing director, but he has decided to employ a manager to take over the daily operations of vrs as he transitions to retirement. the new manager, berly, agreed to a performance based contract which says that berly will be paid bonus of $200,000 should the profits exceed a target of $2 million. the contract also says that berly must prepare financial statements and have them audited. Briefly define theory. According to agency theory, what are the roles performed by jimmy and berly
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