FI 410 Final Exam Study Guide Chapter 2 and 3: Investment risk- pertains to the probability of earning a return less than that expected. Standard deviation measures the stand-alone risk of an investment The larger the std deviation‚ the higher the probability that returns will be far below the expected return Two-Stock Portfolios: Can be combined to form a risklss portfolio if correlation (p)= -1.0 Risk is not reduced at all if the two stocks have correlation (p)= +1.0 In general‚ stocks have an
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MGMT 410 Week 2 Make Up This assignment is part of the mid-term review. The questions presented in this assignment will be asked on the mid-term. 1. If all organizations would hire based solely on the ability to do the job‚ there would be no need for equal employment opportunity laws. Do you agree or disagree? Defend your position. I disagree I believe we will always need equal employment laws‚ because when we hire based solely on the ability to do the job‚ then that there
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Multiple Choice Questions From CPA Examinations 7-29 a. (2) b. (1) c. (4) d. (1) 7-30 a. (3) b. (3) c. (4) 7-32 1. (5) inquiry of client 2. (7) observation 3. (1) physical examination 4. (2) confirmation 5. (6) reperformance 6. (2) confirmation 7. (3) documentation 8. (4) analytical procedures 9. (5) inquiry of client 10. (6) reperformance 11. (7) observation 12. (1) physical examination 13. (4) analytical procedures 14. (3) documentation 15. (5) inquiry of client 16. (4)
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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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Revenue Recognition Revenue is the electricity that drives business. Revenue has been the starting point on every income statement generated‚ every sales meeting conducted‚ and is on every entrepreneur’s wish list. The basic concept for revenue recognition is that revenue should not be recognized until it is realized or realizable and earned. There are also four criteria must be met in order to recognize revenue: 1) persuasive evidence of an arrangement exists: Consider the substance of the transaction
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Individual: Project Proposal James Wilkerson CMGT/410 August 12‚ 2015 Dr. William Mueller Individual: Project Proposal Conglom-O‚ Inc. To Management: New Compliance System With the need for expansion‚ a new compliance system is required for Conglom-O‚ Inc. This system will be an expansion to the existing compliance system. With this new system new compliance policies will be implemented across the organization. Training will be required by various levels of management as well as supporting employee
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are two independent situations: A. Grinner and Greeter‚ CPAs‚ were engaged to perform an audit of the financial statements of Happy‚ Inc. Happy’s management would not allow Grinner and Greeter to confirm any of the accounts receivable. All other auditing procedures were performed as considered necessary by Grinner and Greeter and no problems were found. However‚ Grinner and Greeter were unable to satisfy themselves with regard to the balance in the accounts receivable. B. Tick and Tie‚ CPAs‚ were
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