1. Marketing environment audit : Macro : economic GDP Nominal: $1.449 trillion (2014)‚ GDP growth 2.1% (2012) GDP per capita $32‚020 (PPP‚ 2012) inflation (CPI) 1.1%‚ Jan 2014 Unemployment 3% demographic Population 50.95 million (South Korea) (2012)‚ Population Increase Rate 0.45% (2012)‚ Median Age 38.9 years (2012)lifestyles : Nighttime marketing is designed to meet the changing needs of our customers. People are much busier now‚ and they need products and services at all hours. political Tax levels
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Question: Define audit and accounting risk‚ give 3 specific example of each type of risk and explain why they are called audit and accounting risk. * Accounting risk is the risk that errors associated with forecasts used in GAAP accounting estimates are not properly disclosed. Accounting risk is primarily the responsibility of accounting standards. It is dealt with only indirectly in accounting standards. For example: * Bad debts on loans had an historic rate of 1% of outstanding loans
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In Ethics Case BYP5-6‚ we are presented with a seemingly harmless accounting issue. Laura McAntee has just been hired as an assistant treasurer for a large retail store. Her new boss used to have her position but has since been promoted to treasurer. While explaining her new duties‚ he has asked her to date checks to pay invoices at a discounted rate‚ but hold on to the checks in order to gain interest on that money. He continues to explain away the practice by saying “everyone does it” and that
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Case 6-3 chapter 6 Financial Statement Analysis 10th k.r. subramanyam john j. wild On September 16‚ 20X8‚ Toys “R” Us [ToysRUs.Com]‚ the world’s largest toy seller‚ announced strategic initiatives to restructure its business. The total cost to implement these initiatives yielded a charge of $508 million‚ which exceeded operating earnings from the prior year. The $508 million charge consisted of costs to close and/or downsize stores‚ distribution centers‚ and administrative functions to streamline
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‚ and Pamela S. Schindler. "14." Business research methods. 11th ed. New York: McGraw-Hill/Irwin‚ 2011. 369. Print. Tan‚ K. L. L.‚ Lambert‚ P. (2009). Enabling quantitative data analysis through e-infrastructure. Social Science Computer Review‚ 27(4)‚ 539-552. doi:http://dx.doi.org/10.1177/0894439309332647.
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When you receive an IRS audit‚ it can be a scary event and it is difficult to find out what you should do next. For anybody who is not really an expert on taxes and audits‚ most of the tax terminology seems like it could be another language. Many people are unsure about how to safely proceed when they were selected for an IRS review. Should you simply go through the motions alone or do you require expert help? How can you properly evaluate your tax filings? Several such questions come up in your
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PUTRA BUSINESS SCHOOL GSM 5131 – Business Law & Ethics Lecturer: Dr Tengku Naufal Tengku Mansor Case Study 6 JKL Wedding Bridal Gallery Jack‚ Kenny and Lenny were partners in JKL Wedding Bridal Gallery (JKL) since three (3) years ago‚ having their business in Serdang Raya. To expand their business‚ Kenny‚ the managing partner ordered a brand new of 30 pair of bridal clothes and accessories worth RM80‚000-00 from Jai Pong Brides Couture. Kenny had been financially assisted from Bank Berniaga Berhad
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ASSERTION -Audit assertion are those charged with governance of an entity are responsible for ensuring the financial report gives true and fair view of entity and the operation of its. -Management make assertions abt each account and related disclosures in the notes. -Assertion statement made by management regarding the recognition‚ measurement‚ presentation and disclosure of items include in the financial report. auditor use assertion for transaction‚ account balance and presentation and disclosure
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UNIVERSITY Institute of Accounts‚ Business & Finance Audit Communications Report Writing Canayon‚ Angelie Rose T. Puno‚ Michelle Ann J. Royong‚ Precious B. Rubio‚ Ephraim Jomel P. Tulio‚ Ayn Carla M. AIA0212 TOPIC OR SECTION: Account Receivable: Cashier’s Office I. SCOPE An audit of the Cashier’s Office was conducted for the period January 1‚ 2013 through December 31‚ 2013. The objectives of the audit were to examine and evaluate the following: • Adequacy and
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Case Study: 6 – Wal-Mart Case Study: Data Communications at Wal-Mart Case Study: Data Communications At Wal-Mart? There are many things Wal-Mart has done to improve its data communications systems for suppliers. Their chief improvement was the implementation of the sales and inventory data to their suppliers. Suppliers could log in and gain access to all of the sales and inventory data to more efficiently stock Wal-Mart with their products. A key component of data security
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