partial fulfillment of the requirements for ACC 502- Advanced Auditing School of Business/ Graduate Studies St. Thomas University Miami Gardens‚ Fla. Term A1/Spring 2014 February 17‚ 2014 Table of Contents Issues……………………………………………………………….Page 3-4 Facts………………………………………………………………..Page 4-5 Analysis/ Authority………………………………………………...Page 5-8 Conclusions/ Recommendation…………………………………….Page 8 References………………………………………………………….Page 9-10 Issues Phillips Case Issue 1 Was Bill Grant justified
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MEMORANDUM Date : November 10‚ 2010 To : Alchemy Corp. (Aren’t we addressing this memo to our parent co.‚ Alchem Corp.?) From : External Audit Team Subject: Internal Control Weakness and related fraud risk After much research and time spent on understanding the inner working of Alchemy Inc.‚ we have found some internal control weaknesses that could lead to potential fraud. Our audit procedures are designed to address internal control weaknesses and subsequent fraud risks
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During October 2009 the Australian Securities and Investment Commission took action against executives and directors of the Centro Proprieties Group and Centro Retail Group. The executives included the former chief executive officer and the former chief financial officer as well as directors from the board of Centro. The ASIC was proceeding with the case on the basis that they assumed that the aforementioned had breached their statutory duty of care and diligence owed to the Centro entities and had
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An auditor happen to discover an error in the human resource system that allowed an employee to hack into the company human resources record systems and change their base salary rate an received a pay raise on two paycheck. The employee was able to eavesdrop on the network using IP spoofing technique to hijack a trusted host on the network and hide their identity in the process. The technique allowed the hijacker to steal and alter sensitive data such as payroll records . The employee also monitor
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big energy company which headquarters is located in Houston‚ the bankruptcy of the company drew lots off attentions from business world. Questions were asked and lots of financial misstatements were revealed and Arthur Andersen – Enron’s external auditing and accounting firm in Houston‚ was involved. Stephens (2002) stated‚ Arthur Andersen who were responsible for managing Enron’s audits‚ had illegally destroyed paper and electronic documents related to their representation of Enron (p.24). The case
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Associate Level Material Appendix A Final Project Overview and Timeline Final Project Overview Your final project for GEN/105 is a Student Survival Guide. To complete your project‚ you will draw from skills and information you learned in the course. Your Student Survival Guide should be a functional tool for you to use throughout your program—include specific details to make your action plans as realistic as possible. You can create a formal paper‚ a brochure using one of the templates
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America felt the need to move towards the idea of foreign policy from 1895 to 1920; their success was a combination of idealism and self-interest. Both were influential in the decision to venture outside of U.S borders. America expanded due to idealistic view such as: The White Man’s Burden‚ Religious motivation‚ a social contract with the Western Hemisphere and the Spanish American War. However‚ self interest offered more of a substantial force with America’s desire for a stronger Navy‚ foreign
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Peter j. Dalley‚ The case study has given to us is regarding Quality Associates‚ Inc. It’s a consulting firm. Quality Associates‚ Inc. advises its clients about sampling and statistical procedures. In this particular case‚ Quality Associates‚ Inc. has provided samples to be analyzed‚ so it’s client can quickly learn whether the process is operating satisfactorily or corrective actions needs to be taken. Summary of Statistics Sample
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1.1 Explain what is meant by: diversity‚ equality‚ inclusion‚ discrimination Diversity means where there is an difference between individuals or groups such as their culture‚ nationality‚ gender‚ age‚ beliefs or ethnic origin. Equality means the rights the individuals have such as giving choices‚ respect and services in response to individual needs. Inclusion is the process of identifying‚ understanding and breaking down barriers to participation and belongings. Discrimination means
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Elasticity of Solids Deformation: Changes in shape or size of an object through the application of external forces. Elasticity: Property which allows a material to regain its shape after being distorted. Elastic Limit: The maximum amounts by which an object or a material can be stretched and still regain its original shape after the distorting forces are removed. An object or a material which returns to its original length or size after being distorted suffers elastic deformation
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