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Week 3 Team Paper

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Obtain a copy of the organization’s annual report and SEC filings for the past 2 years.
Prepare a 1,400- to 1,750-word paper in which you analyze the data in the annual reports and SEC filings. Address:

* Procedures to ensure Ethical Behavior *
The Disney brothers started the company back in 1923; in 1928, the brothers produced their first cartoon movie. In 1937, the company came out with their first animated movie “Snow White and Dwarves, three years later, in 1940, the company went public from that moment on the company expended in producing many classic animated films ("The Walt Disney Company", 2011). The company’s focus is not on generating massive wealth alone, but on investing the capital in the right ideas so others may enjoy the work of the Disney Company. Regards to money Disney once said, “I regard it merely as a medium for financing new ideas. I neither wish nor intend to amass a personal fortune. Money –or, rater the lack of it to carry out my ideas-may worry me, but it does not excite me. Ideas excite me” ("The Principles of Walt Disney’s Success", 2009). Today, the company expands on global scale, with China, its network of Disney Theme Parks and Resorts.
Ethics and Compliance in Disney’s Financial Environment
Walt Disney was not concern of the wealth the company is generating, but rather innovating ideas and quality of its production. Disney appointed group of individuals that are responsible for the financial department at large. The committee is responsible to review all financial reports including audits. The steps to keep the financial reports current are simple: A) the committee is to monitor the preparation quarterly and annual financial reports. B) The committee is responsible for maintaining relationship with its independent auditors. C) The committee must hold management responsible for caring out the internal…...

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