Acc 573 Essay - 981 Words

How can the different objectives of the penal system—retribution, incapacitation, deterrence, and rehabilitation—be fulfilled in connection with white-collar crime? * Retribution is defined as that which is given to another to recompense him for what has been received from him, such a rent fro the hire of a house, a salary paid to a person for his services, the distribution of rewards and punishments. * Incapacitation positively prevents the sentenced person from committing future offenses by putting the criminal into a jail. By doing so, individual is removed from the society and is imprisoned to block the ability to commit further crime. Incapacitation is deferent from specific deterrence where the criminal is punished to†¦show more content†¦For example, in case of criminal that is seen as a danger to society that is believe to be sentenced to maximum-security prison, I can hardly apply deterrence, which explains to those criminals the consequences of their actions to avoid the prison. I think those systems can reconcile but only to the little extend. Discuss the specific role of the following as responses to these questions: just deserts, general deterrence, probation, self-regulation, fines, restitution, community service, occupational disqualification, incarceration, and corporate dissolution. * Just Deserts A recent version of just deserts emphasizes the element of public reprobation for wrongdoing over the earlier notion of restoring a balance of justice. * General deterrence means that potential offenders such as the general public are persuaded to refrain from illegal actions by the use of legal sanctions. * Probation is more suitable for white-collar crime than occupational crime. The crime is less serious and therefore the sentencing is more lenient towards the criminals. It is more to punish the criminals and let them know that more serious crime can arise from their actions. Not all the time probations are effective. Very often probation criminals end in prison. * Self-regulation is that as a practical matter the state cannot effectively inspect and regulate vast numbers of corporations; indeed, corporate inspectorsShow MoreRelatedAcc 573 Course Career Path Begins / Tutorialrank.Com Essay926 Words   |  4 PagesACC 573 Week 2 DQ 2 For more course tutorials visit www.tutorialrank.com In today’s business environment where publicly traded companies feel pressure to meet short-term earnings expectations, management may be tempted to â€Å"manage earnings†. Assess how a financial statement user may be able to detect managed earnings when reviewing the firm’s balance sheet, income statement, and cash-flow statement. Indicate how a potential investor might interpret these â€Å"red-flags†. 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