1. After reading the case, I would say that the engagement risk the auditors are facing is fairly high. Up until 1999, George Newton, the current CEO/CFO of Northern Frontier Parks, Inc., was responsible for creating the financial statements, which were not being audited or reviewed by anybody. This is an issue because without an audit, there is no way to ensure the company’s financials are being correctly stated. George Newton wanted to base the purchase price of the shares on a multiple of net income, which is concerning because he could’ve been fraudulently reporting the financials of NFP in order to set a favorable price for himself since nobody was auditing his work.…
Tectonic plate’s movement creates ocean basins, mid-ocean ridges, through collision. Colliding plates push sedimentary materials into an uplifted mass of rock that contains numerous folds and faults. The Earth has undergone a number of mountain building periods. The process of creation is first by the accumulation of sediments then the tectonic collision causes rock deformation and crystal uplift and finally the isocratic rebound continues to cause uplift despite erosion and causes the development of new mountain peaks through block faulting.…
The Canadian Shield also known as Laurentian Plateau/ Laurentian Shield and is the geographic foundation of Canada. This region was formed about 2.5 billion years ago by a volcanic eruption. The two kinds of rock that make up this shield are igneous and metamorphic rocks. The area of this region is 8 000 000 km2, and provinces located here are Quebec, Ontario, Manitoba, Saskatchewan, Nunavut and Northwest territories. The climate in the southern part of the shield has long and cold winters, while the northern part gets less snow/rain per year. In this region, forest is mixed with birch trees, tamarack, spruce trees, etc. Some animals found here are moose, black beaver, wolves and foxes.…
Denali, formerly known as Mt. McKinley, resides in Alaska and is currently the tallest mountain in North America standing at a height of 20,310 feet. There are a few reasons for why this mountain has achieved this status. The three main focal points in this report revolve around tectonic plate subduction, uplift around the Denali fault, and the rock composition of the mountain. The combination of these three forces are integral reasons for why the mountain has been able to grow to its size and why it’s been able to maintain its height.…
Geologists have even found deposits created by glaciers during recent ice ages. There were probably three glacial episodes in the last 200,000 years. People regularly ski on the slopes of Mauna Kea.…
Alaska is surrounded by ocean and mountainous terrain and has one of the most beautiful landscapes in the United States. Alaska is home to the Arctic National Wildlife Reserve, in which hundreds of…
Redwood National Park is covered with a magnificent forest of coastal redwood trees, the tallest and most impressive trees in the world.it is also a completely natural site. It has the 2nd tallest tree in the world. The marine and land life are equally outstanding, in particular the sea lions, black bears, the bald eagle and the endangered California brown pelican stand out. There are many reasons to go to redwood national park. There are many fun activities like camping, biking, hiking, and kayaking .You may also see some animals such as Gray Whales, Sea Lions, Northern Spotted Owls and more. There are many bike paths and tours available in redwood national park. The paths are through the wilderness so you might even get to see some animals. There are also bike tours that can bring you to the exclusive parts of the forest. Kayaking is a fun ecotourism activity for all. You can paddle kayaks on Redwood Creek, the coastal lagoons or the ocean. Experience exploring the water found on the North Coast, the amazing, and spectacular scenery that can only be accessed by kayak. There are many hiking trails in redwood national park. You can go on the trails with your family and friends to see the tall trees, plants and animals. You might even get to see the endangered Northern Spotted Owl. In redwood national park you can camp among the world's tallest trees with river access. There are four developed campgrounds three in the redwood forest and one on the coast. Redwood National Park is located on the Northwest Pacific coast of California, between the cities of Klamath Glen on the North and Trinidad on the South border. The Howonquet Lodge is a 5 star hotel located close to the redwood national park. It has an ocean view and luxury treatment. It also has a pool, workout area and break feast bar.…
Dandenong Ranges National Park The Dandenong Ranges National Park (Commonly called the Dandenong) is one of the prime scenic attraction areas of Victoria, Australia. Over one million visitors are attracted to the park each years enjoying a variety of recreational opportunities, and it should most definitely be added on the World Heritage List for the priceless beauty, and the fascinating fauna and flora it holds. Where is Dandenong Ranges National Park located?…
Rocky Mountain National Park is a park in Boulder, Colorado that was formed about 1.6 to 1.7 billion years ago from the collision of the North American plate and the Pacific Plate. Within Rocky Mountain National Park there are many other geologic features such as majestic mountain views, a variety of wildlife, varied climates and environments. The area occupied by the park has been repeatedly uplifted and eroded. Although many of its mountaintops have been flattened by ancient erosion, recent glaciation has left steep scars, U-shaped valleys, lakes, and moraine deposits. The Park's oldest rocks were produced when plate movements subjected sea sediments to intense pressure and heat. “The resulting metamorphic rocks (schist and gneiss) are estimated to be 1.8 billion years old. Later, large intrusions of hot magma finally cooled about 1.4 million years ago to form a core of crystalline igneous rock (mostly granite).”( NPS) The Rocky Mountain National Park also includes the Continental Divide, which is the hydrological divide of America that separates the watersheds that drain into the Pacific Ocean and the Atlantic Ocean.…
Big Bend national park is a place for geologistes and biologistes. With a great history and diverse ecosystem (desert) it has a lot of wildlife. The canyons and mountains of Texas and Mexico, with the Rio Grande that runs on the edge of the park. The park is bigger than Rhode Island.…
The Cascade mountains lie along the western coast of the United States. This area is one subjected to frequent earth movements and has a long history of volcanic activity. The mountains have formed as a result of seismic activity. The American coast is part of the North American Plate; the Pacific Ocean to the west overlies the Juan de Fuca plate. The Juan de Fuca plate is being subducted below the North American plate by processes explained by the theory of Plate Tectonics. As the descending Juan de Fuca plate is subjected to increasing pressure it becomes hotter and begins to partially melt. The molten rock, called magma begins to rise towards the surface. When it reaches the surface it erupts and a volcano is formed. Mt St.Helens is the youngest of the volcanoes in the region, being a mere 2,500 years old, but the area has…
The Grand Canyon is a sided mountain carved by the Colorado River. The origin of the Grand Canyon is tied down to the tectonic erosion of the Colorado Plateau. Unfortunately, the exact formation of the…
Geologically speaking, the Sierra Nevada is a huge block of the Earth’s crust that was broken free on the east along a bounding fault system. This fault system was uplifted and tilted westward and this combination of uplift and tilt created the present mountain range (Geology, 2016). The Sierra Nevada Mountain range is part of the North American Cordillera, which was formed during the Paleozoic and Mesozoic age. The Sierra Nevada Mountain range is part of the Nevadan orogenic belt and arose due to the engagement of tectonic plates which deformed the Earth’s lithosphere (North American Cordillera, 2016). Yosemite National Park is a glaciated landscape, which is where most of the beauty comes from. The scenery that resulted from the interaction of the glaciers and the underlying rocks was the basis for Yosemite’s preservation as a national park. Some of the remarkable landforms that were the direct result of the glaciation in Yosemite include U-shaped valleys, domes, waterfalls, moraines, and arêtes (Geology, 2016). A few iconic landmarks in Yosemite National Park include Yosemite Valley, Hetch Hetchy, Yosemite Falls, Vernal and Nevada Falls, Bridalveil Falls, Half Dome, Clark Range and Cathedral Range (Geology,…
Many national parks are hard to get to so a trip must be booked with a float plane to get out where the national parks is. Some parks are more on the grid than others for people that don't have as much time to go deep into the Alaskan wilderness. Weather you would want a paved trail or a deep off the grid trail there's a park that would meet those needs (“Most Popular”). The word “fjord” is a Norwegian term for a glacier-carved inlet. And while you may not hear it invoked often in the lower 48, Alaska has an abundance of beautiful fjords that enchant visitors every year (“Most Popular”).Located on the Alaskan panhandle in the southeastern corner of the state,Glacier Bay is home to some of the most beautiful vistas of active glaciers the state has to offer (“Most Popular”).Elias is on the Alaska-Canada border and is the largest national park in the US. It’s also home to the second largest mountain in America, the breathtaking Mt. St. Elias (“Most Popular”). Many areas in Alaska have been destroyed by human error such as oil spills and cannot be rebuilt. These things are taken for granted till they are gone which is why their are preservations. By creating preservations it protects the biosphere (“Preservation”). Following the establishment of the Yellowstone National Park by President Ulysses S. Grant in 1872, which was the first national park in the United States, many other countries decided to preserve their areas of natural beauty as well (“Preservation”). These protected areas are off limits to any sort of commercial development and all motorized and even mechanical vehicles (“Preservation”). The law created the National Wilderness Preservation System that initially placed 9.1 million acres under federal protection (“Preservation”). These areas that were made into preservations would probably look good to us now but by making it a preservation it helps save it long…
As mentioned before, there are indeed many vast national parks filled with lush, green forests to visit in the state of Alaska, such as the renowned and widely-known park, Denali…