Qiong Wu Instructor James Dutra ACC 412 March 26‚ 2014 Case 3.1 Dodgers Trolley Summary The Dodgers Trolley case is a simple problem related the internal control in auditing. Dodgers Trolley was original funded in New York‚ but Yankees performed much better. After nearly seven decades of mostly frustration on and off the baseball field‚ the Dodgers shocked the sports world by moving to Los Angeles in 1958‚ because Walter O’Malley saw the opportunity to introduce baseball to the increasing
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Differential Factors Between Private Companies and Public Companies Generally speaking Financial Accounting Standard Board (FASB)’s primary purpose is to develop General Accepted Accounting Principles (GAAP). GAAP might not concern the whole areas of accounting criteria‚ FASB look up and adjust accounting standard to make sure standards have been updated to follow current situation. On July 31‚ 2012‚ FASB issued an Invitation to Comment‚ which reviewed key areas of the Private Company Decision-Making Framework
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Additional Cases for the Course The case readings have been developed solely as a basis for class discussion. The case readings are not intended to serve as a source of primary data or as an illustration of effective or ineffective auditing. Reprinted by permission from Jay C. Thibodeau and Deborah Freier. Copyright © Jay C. Thibodeau and Deborah Freier; all rights reserved. 1••• ( Case 61 ® Enron Enrori’s First Few Years hi~ 1985 Enron had assets along the three major stages of the supply
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Who is responsible for Willy’s demise In this essay I’m going to discuss who is responsible for Willy’s demise however as a matter of fact there isn’t any one who is to point the finger at‚ for Willy’s death‚ in the end‚ by his own will and consciousness he kills himself. Through out the play there are various factors‚ which eventually led Willy to committee suicide. Principally Willy was consumed with his own delusional desire of achieving the American dream; as a result his inflated
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Should tobacco companies be held responsible for smoking-related illnesses and deaths? I. Introduction A. Should tobacco companies be held responsible for smoking related illnesses? In most cases I believe they should be held liable. Most Americans ask this question and want to know about cigarette companies and why they are allowed to keep selling these products that cause health problems. B. Most people that were smokers way back in the days before they actually had to label their
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Separate private company accounting standards With the development of world economy‚ U.S.GAAP becomes more and more complex to meet public companies’ needs. Private companies cost a great fortune to compliance with U.S.GAAP. So‚ setting public-private accounting standards is a different issue debated for decades. it goes without saying that setting new separate accounting standards have its advantages and disadvantages. Background In USA‚ there are a large number of nonpublic companies‚ much more
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Palm oil stalemate: who is responsible? Summary Palm oil is a plant with various uses in human life (such as: tooth paste‚ Moisturizer and biodiesel). Malaysia is one of the largest producers and exporters of palm oil. Gajah Berang Oil Palm Estate is one of the largest multinational palm oil conglomerates whose managers offer a balance between efficiency and employee satisfaction. The company has multicultural employee since its workers from Sri Lanka‚ Indonesia‚ India and Bangladesh
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British Journal of Arts and Social Sciences ISSN: 2046-9578‚ Vol.8 No.I (2012) ©BritishJournal Publishing‚ Inc. 2012 http://www.bjournal.co.uk/BJASS.aspx Effectiveness of Internal Audit in Tanzanian Commercial Banks Dr.Jayalakshmy Ramachandran Asst. Professor‚ Nottingham University Business School‚ Seminyih‚ Malaysia‚ Email: jayalakshmy.rama@nottingham.edu.my 60386248779 Dr.Ramaiyer Subramanian ‚ Lecturer‚ Faculty of Business and Law‚ Multimedia University‚ Malaysia. Email: ramaiyer.subramaniam@mmu
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Chapter 3 Audit Reports Review Questions 3-1 Auditors’ reports are important to users of financial statements because they inform users of the auditor’s opinion as to whether or not the financial statements are fairly stated or whether no conclusion can be made with regard to the fairness of their presentation. Users especially look for any deviation from the wording of the standard unqualified report and the reasons and implications of such deviations. Having standard wording improves
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fair trading act in 1986 defend consumers by prohibiting dishonest or deceptive conduct in trade. It requires that all trading activities are based on right and true information. In this case‚ under the defences available in the act‚ he was not responsible but he has committed offence under the agreement. He needs to make sure his staff employees know enough about a product to advertise in the newspaper and they are accurately representing to its customers‚ and not to make up something they do not
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