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Peoplesoft Case Summary

441 Words2 Pages

on May 20, 2002, the Securities and Exchange Commission (SEC) announcedproceedings against Ernst & Young (EY). The case reaches back to the years before EY 's consulting practice was sold to Cap Gemini. It involves alleged independence violations due to product sales and consulting fees related to PeopleSoft software, while PeopleSoft was an EY audit client. The SEC alleges that EY and PeopleSoft co-developed and co-marketed a software product called "EY/GEMS for PeopleSoft." These allegations focus on EY 's use of components of PeopleSoft 's proprietary source code in software previously developed and marketed by the accounting firm 's tax department. In return for the code, SEC says EY agreed to pay royalties ranging from 15% to 30% from …show more content…

Our conduct was entirely appropriate and permissible under the profession 's rules. It did not affect our client, its shareholders, or the investing public, nor is the SEC claiming any error in our audits or our client 's financial statements as a result of them. Moreover, the issues the SEC has raised are purely technical and relate to judgments we made and actions we took in good faith years ago. The SEC 's main focus is on the activities of our former consultants in implementing PeopleSoft software for third parties. These occurred between 1994 and 1999 and have no bearing on our current business. In fact, we sold our consulting business to Cap Gemini in May 2000. The SEC 's other focus is on a software license agreement between Ernst & Young and PeopleSoft entered into when the parties were making an EY software product compatible with PeopleSoft. This issue is also purely historical. The license agreement terminated years ago and the PeopleSoft-compatible version of the product is no longer sold. For the record, we did carefully consider the potential independence implications of our consultants ' actions before they undertook them. We correctly concluded at the time that the actions were permissible under the profession 's rules and that they were commonplace. Therefore, we are confident that our conduct was entirely appropriate and we will defend

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Discussion Board Forum 2 Case Study Martin has decided to retire after he spent many years as a deputy police officer in a small town in North Carolina and as a detective in Raleigh. During his years as an officer of the law and order, he deiced to invest in some properties in the state. One of the properties is in the blue ridge mountains in North Carolina and the other real estate is on the North Carolina coast. The real property at the mountain was purchased 31 years ago as a joint tenancy with a right of survivorship with his friends. The second property located on the North Carolina coast is been taken by eminent domain by city authorities to make space for new development and business around the area.

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In the fall of 1993, the audit committee completed their eight-month investigation of the accounting fraud that took place. There was a 600-page report issued and was submitted to the SEC for federal

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970 Words | 4 Pages

People v. Smith, 437 Mich 293, 470 NW2D 70, 78 (1991) addresses public policy conflicts and balance as it relates to the juvenile justice process (Elrod & Ryder, 2014). The issue presented in People v. Smith (1991) by the Supreme Court of Michigan is whether the inclusion in the presentence investigative report of an expunged juvenile record, in this case of defendant, Ricky Franklin Smith, requires, under MCR 5.913, presently MCR 5.925(E), that Smith be resentenced (People v. Smith, 1991). The issue involved was that Smith argued that he should be resentenced due to the inclusion of the pre-sentence investigative report of his previously expunged juvenile record. In People v. Smith (1991), it is stated that, “The purpose of the court rule,

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222 Words | 1 Pages

In the case of People v. Hollins, which involved a 32 year old man having consensual sex with a 17 year old girl was not necessarily violating the statutory rape law; he was charged with child pornography due to the fact that he had filmed the encounter and under Illinois statute, which defines child pornography as exploitation of a minor under 18. In my mindset, I do not believe that he would have the right to any due process or equal protection arguments. My opinion stems from this because due process in short, is defined as arrests and trials meeting minimum standards of fairness and upholding laws to ensure they do not violate constitutional rights. The man being charged however was never violated of his constitutional rights because

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1696 Words | 7 Pages

People vs. Tuner Case Analysis Background Brock Allen Turner was a nineteen-year-old star athlete, a freshmen swimmer at Stanford University who was admitted in the fall of 2014 on a swimming scholarship. On January 17, 2015, he attended a party at Kappa Alpha fraternity house where he met the victim, twenty-year-old women who later identified as Emily Doe, her sister and their friends. Turner and the victim both consumed alcohol at the party. Shortly after the midnight of January 18, 2015, Tuner and the victim left the party and the victim was split up from her friends. The victim made a couple unintelligible phone calls from 11:54p.m to 12:28 a.m with her friends, then later on passed out behind a nearby dumpster outside the fraternity

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893 Words | 4 Pages

In the Supreme Court of Michigan, in the case of the People v. Smith (Ricky Franklin Smith), Smith was charged with breaking and entering a building with intent to commit theft. (Wesoloski, 2011) Smith agreed that he had broken a window to gain entrance into the Pontiac’s warehouse, and removed property without permission. (Wesoloski, 2011) At the time of this incident Smith was considered an adult and sentenced to three and one-half to ten years for breaking and entering; however, the sentence was vacated when Smith was convicted to serve six to thirty years as a habitual offender, for his fourth offense.

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769 Words | 4 Pages

The case People v. Smith was finally decided by the Supreme Court of Michigan in 1991. The case involved the defendant Ricky Franklin Smith whom pled guilty to breaking and entering and of being a habitual offender, fourth offense (People v Smith, 1991). The judge sentenced Smith to 6 to 30 years imprisonment for the Habitual Offender charge. Ricky Franklin Smith after sentencing requested to be resentenced because his juvenile record, which had been expunged, was considered by the judge for sentencing. The Michigan Court of Appeals agreed with the sentencing; however, when the case went to the Supreme Court of Michigan, they reversed the decision because the sentencing should not have been based on the defendant’s prior expunged juvenile record.

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493 Words | 2 Pages

In People v. Fuller, 1. On February 20, 1977, Fuller and another person broke into four vans in a car lot and took their spare tires. An officer observed them rolling tires into their car and approached them. Fuller and his accomplice got into their car and fled. While fleeing, they ran a red light and hit another car, resulting in the other driver’s death.

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639 Words | 3 Pages

INTRODUCTION Defendant Ms. Kalani Herrera ("Ms. Herrera") respectfully request the court grants Ms. Herrera 's motion for summary judgment and dismiss the plaintiffs, Mr. And Mrs. Malone 's ("Malones") personal injury claim. The Malones have a brought a personal injury lawsuit against Ms. Herrera under the attractive nuisance doctrine on behalf of themselves and their daughter Maria Malone ("Maria"), a minor who was injured on an a peace of land art while trespassing on Ms. Herrera 's property. However, the plaintiffs have failed to establish elements that are pertinent to the claim. Landowners typically owe no duty to trespassers however, the doctrine of attractive nuisance is an exception to

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500 Words | 2 Pages

Most states implement expunged laws; at the age of twenty-seven juveniles can have their record expunged. The purpose of the law is to allow juveniles become adults without having a criminal record. In the case of Docket No. 105833 People v. Smith, 448 NW2d 794, Michigan Supreme Court (1989), during the presentence investigation into Ricky Franklin Smith he was indicted on charges as an adolescent. Smith plead guilty to breaking and entering; the career criminal past decisions resulted in his incarceration.

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1394 Words | 6 Pages

In the case of the People versus Smith, it struggles with conflicts and balances. The verdict was decided by the Supreme Court of Michigan in 1991. The issue at hand was that the defendant, Ricky Franklin Smith, argued that he should be re-sentenced because of the action of the presentence investigation report of his previously expunged juvenile record. The Court of Appeals in Michigan agreed with the defendant and required that Smith is sentenced again. However, The Supreme Court heard the case and reverses the decision stating that Smith did not need to be sentenced again on the basis of the inclusion of his juvenile record alone.

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580 Words | 3 Pages

They claimed "the company had coached clients on improper tax workarounds that cost the agency as much as $712 million in wrongly awarded refunds"

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91 Words | 1 Pages

Should the court allow Defendant’s motion to suppress evidence, § 710.20 (3), for the confession of possessing cocaine as the Fifth Amendment of the United States Constitution disallows a Defendant to forcibly witness against themselves in a criminal case, even if the totality of the circumstances rule finds that the confession was voluntary due to the police conducting the interrogation without coercive methods or promises of immunity, the reasonable length of the interrogation and opportunity for counsel to Defendant, and the characteristics of the accused providing substantial methods against police

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480 Words | 2 Pages

In a recent article published in the Los Angeles Times, a local pro-bono law firm with the support of Irell & Manella LLP has filed a class action lawsuit against Compton Unified School District (CUSD) on behalf of students and teachers claiming CUSD is not providing a free and appropriate public education to students who are or have experienced “complex trauma” and violence. This lawsuit will define whether “complex trauma” meets the federal requirements as a disability and could afford protections under several federal laws, such as the Rehabilitation Act, Americans with Disabilities Act (ADA) and the Individuals with Disabilities Education Act (IDEA). If the court does agree with the plaintiffs, this will put the onus on CUSD to deliver

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1491 Words | 6 Pages

This proves that throughout the case, Cendant Corporation wasn’t acting fully ethical nor with the desired fiduciary actions to their investors and the auditing team in this case being Ernst&Young. Aside from the trust being broken apart between both, there was never a sign of an internal control inside Cedant. Therefore, there shows that the corporate governance for Cendant Corporation didn’t have signs of existence as well. Most frauds that were occurring before the implementation of the SOX-2002, had top management such as in Cendant that didn’t have care for the ethical performances as much as in today’s corporate world with more regulations in hand by the government. At the end, Cendant had filings against them concerning their corporate governance

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