to: Tyson Gay, MAnager
from: Chandler Blakely
subject: current sec investigation
date: [ 8/6/2012 ]
cc: Mark Durand, facilatator
Current SEC Investigation
This memo has been written in order for the company to discuss the current U.S. Securities and Exchange Commission’s (SEC) investigation into University of Phoenix Accounting Firm accounting practices. It is highly important that during this investigation that the company know everything it is required to do from a legal aspect as well as know the best route to take in dealing with the public opinion of such an investigation. The company must also prepare to deal with arising issues that may occur with external stakeholders while keeping our reputation as a top accounting firm.
From a legal aspect the law and the SEC requires that we take certain action ensure fair trading amongst the public, these requirements include but are not limited to the following:
* Any information that may affect or stock market price be released immediately
* Any information reported is accurate and will not mislead investors
* Any information will be widely disseminated
We should be fast and efficient in all these necessary actions to prevent legal ramifications. Also the company has to show the public we or fully cooperative with the ongoing investigation and we have nothing to hide.
Public communication in this situation is vital to our company. We have to communicate a genuine belief in what we do here, if we want to move forward and survive as a successful company the public has to know that we are who we say we are, and we conduct our business through the proper channels and do so legally. This effective communication will go a long way in ensuring that we survive the crisis at hand.
There is find line we have to tip toe when calming external stakeholder so we do not venture...