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For the following situation, explain how RMM should be assessed and what effect that assessment...

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Finance

For the following situation, explain how RMM should be assessed and what effect that assessment will have on DR.

1) The owner/CEO of a privately held company also owns three other companies. The entities could all be run as one entity, but they engage extensively in related party transactions to minimize the overall tax burden for the owner.

2) CFO of a publicly held company has worked her way to the top by gaining a reputation as a great accounting manipulator. She was very creative in finding ways to circumvent GAAP to keep debts off the balance sheet and to inflate the short-term earnings.

3) Production superintendent of a publicly held company indicates that the company utilizes a large amount of chemicals. The highly toxic waste chemicals are stored in vats & barrels in the open yard unprotected before being shipped for disposal.

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