* W&P auditors’ failure to obtain competent evidence to develop a reasonable opinion. * The lack of mental independence by the auditors‚ especially W&P partner Bennington. This was evident in Bennington’s lack to challenge the Meteor’s CFO on issues presented by the auditing team. * Throughout the audit process‚ W&P failed to exercise due care in their performance of professional services. Professional skepticism was not able to be finally exercised due to ethical pressure.
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Jump Start A Technopreneurship Fable About the Author Dennis Posadas writes a technology column for the Philippine newspaper‚ Business World. His articles and opinions on Asian technology innovation have also been published in BusinessWeek.com‚ Forbes Asia‚ UCLA AsiaMedia‚ United Press International(UPI)‚ and Singapore Business Times. His previous book‚ Rice and Chips: Technopreneurship and Innovation in Asia‚ was published by Pearson Education Asia (Pearson Prentice Hall) in 2007. Posadas
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Prepared for The Journal of Applied Corporate Finance Vol. 15‚ No. 1‚ 2002 How do CFOs make capital budgeting and capital structure decisions?1 John R. Graham Associate Professor of Finance‚ Fuqua School of Business‚ Duke University‚ Durham‚ NC 27708 USA Campbell R. Harvey Professor of Finance‚ Fuqua School of Business‚ Duke University‚ Durham‚ NC 27708 USA National Bureau of Economic Research‚ Cambridge‚ MA 02912 USA March 8‚ 2002 1A longer and more detailed version of this paper is published
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5‚ 2011 – XYZ‚ LLC announced Alex Martin‚ the company’s Chief Financial Officer (CFO)‚ has resigned effective October 5‚ 2011. Alex Martin has replied no comment about the sudden departure‚ but XYZ‚ LLC reported he is pursuing other career opportunities. Industry experts speculate the resignation is due to the company’s impending financial crisis. The organization is appointing interim CFO June West as the new CFO. Alex Martin joined XYZ‚ LLC in 2006 as Chief Financial Officer. He has helped
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Free Cash Flows Revised by C. Chang. Copyright 1996 by The McGraw-Hill Companies‚ Inc OUTLINE n n n n n n n What is FCF? FCFF? FCFE? How Do You Calculate FCFF? FCFF Calculation– the CFO Method FCFF Calculation– the EBIT Method Equivalence: FCFF(CFO) vs FCFF(EBIT) Free Cash Flow to Equity (FCFE) Free Cash Flow Example What is FCF? FCFF? FCFE? n Free Cash Flows to Firm (FCFF) n The cash produced by the business activities of a firm available for
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Online Journal of McKinsey & Co. Page 1 of 4 Building a competitive finance function: An executive roundtable By focusing on talent development‚ new roles for finance‚ and creative benchmarks‚ CFOs can deliver a competitive advantage to their companies. Herbert Pohl December 2007 CFOs and the finance organizations they head are under intense pressure from the capital markets and activist investors to keep pace with a rapidly changing global market—to go beyond merely crunching numbers
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throwing off our dividends and our monthly and quarterly reports. This press release is to notify all of our stockholders‚ suppliers‚ and creditors that our company is still stable. We are looking into legal actions to take against our former CFO after a case is built. Our company is still operational and we are working hard to regain the trust that has been broken. We are cooperating with the SEC and will issue another press release within a week of their findings. Please feel free to
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As the case of Excello Telecommunications is reviewed it can be seen that the CFO was facing financial difficulties due to increased competition. In 2010 the earnings estimate was not going to be met and this would have affected the bonuses‚ stock options‚ and the share prices of the Excello stocks. After discovering a large sale that was pending until the shipment could be made for the following year the CFO asked the company controller to find a way to capitalize on the sale in the current year
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Assignment You have recently been appointed to a position of financial analyst with a large manufacturing concern. Your immediate superior has brought the CFO into your office‚ explaining that you are a graduate from the Accounting and Financial Management program at the University of Waterloo‚ and therefore‚ you are a computer wizard. The CFO‚ a gruff old lady of at least 55 years of age‚ looks at you with a mixture of admiration and disdain. “I’m presenting a financial analysis to the Board of
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Journal of Financial Economics 109 (2013) 103–121 Contents lists available at SciVerse ScienceDirect Journal of Financial Economics journal homepage: www.elsevier.com/locate/jfec Managerial attitudes and corporate actions$ John R. Graham a‚b‚ Campbell R. Harvey a‚b‚ Manju Puri a‚b‚n a b Fuqua School of Business‚ Duke University‚ Durham‚ NC 27708‚ USA National Bureau of Economic Research‚ Cambridge‚ MA 02912‚ USA a r t i c l e i n f o abstract Article history: Received 13
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