Case 1.9 Question 1: Ernst & Whinney never issued an audit opinion on financial statements of ZZZZ Best but did issue a review report on the company’s quarterly statements for the three months ended July 31‚ 1986. How does a review differ from an audit‚ particularly in terms of the level of assurance implied by the auditor’s report? Answer: A review report does not assess the control risk of a company‚ which means Ernst & Whinney could have not gotten the proper risk that a material misstatement
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By creating a management plan this provides feedback information to employees to understand where they stand in this company as well as how they can improve their job performance. My main goal is to make sure my employees know what is expected of them‚ and how they can stay focus on effective performances. By creating an appraisal form for each employee allows me to “observe the player’s performance‚ make an appraisal of it‚ and then provide real –time feedback to build sound habits and eliminate
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Comedy III Productions‚ Inc. v. Gary Saderup‚ Inc. Procedural History * Comedy III Productions brings right of publicity action against Saderup. * Trial court finds in favor of Plaintiff and Saderup violated the right of publicity statute‚ awarding damages of $75‚000. * California Court of Appeal affirmed the Trial Courts decision. * Saderup appealed to the Supreme Court of California * Supreme Court of California affirms judgment in favor of Comedy III Issue Was the
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men’s / women’s shoe 3. Special shoes from other countries 4. The art of the shoe 5. Decision 1.De history of the shoe The shoe is one of the oldest items of clothing. He served to protect against injury and against heat and cold. Feet In each country they have other shoes because the ground is different and also the temperature. From the earliest times‚ there are no shoes found but we do know what they look sawing rock paintings. Later shoes not only used for protection but they
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Resignation & Removal of Auditors Resignation of Auditors Resignation procedures Auditors deposit written notice together with statement of circumstances relevant to members & creditors or statement that no circumstances exist Notice of resignation Sent by company to Registrar of Companies within 14 days Statement of circumstances Sent by auditors to Registrar of Companies within 28 days Sent by company to everyone entitled to receive a copy of accounts within 14 days Convening of
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corporate governance. The report also aims to investigate what is considered as good corporate governance. “Corporate governance is the system by which companies are directed and controlled. It deals largely with the relationship between the constituent parts of a company - the directors‚ the board (and its sub-committees) and the shareholders” (Berr‚ 2008) Corporate governance is necessary because of the problems caused by the divorce of ownership and control in modern organisations. In order to
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In Shakespeare’s play “Richard III‚” the character Richard is crafted as a representation of of the id‚ ego‚ and superego of psychology. The concept of the id demands immediate satisfaction‚ an impulsive component of human qualities. The ego is concerned with devising a realistic strategy to obtain pleasure‚ which tries to avoid consequences and seek social acceptance. On the other hand‚ the superego is based on moral values‚ where the individual is aware of their rights and wrongs. Throughout Richard’s
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------------------------------------------------- Internal Control Questionnaire—Sales Transaction Processing Assertions and Questions | Yes‚ No‚ N/A | Comments | Occurrence assertion: | 1. Is the credit department independent of the sales department? | Yes | Credit manager in Treasurer’s office | 2. Are sales of the following types controlled by the same procedures described below? Sales to employees‚ COD sales‚ disposals of property‚ cash sales‚ and scrap sales. | N/A | | 3
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Subject – AUDIT Topic – AUDIT OF BANKS. Name – Arwa Khambati Roll no. – 29 College Name – Sydnehem College of Commerce and Economics Seat Number - Certificate of Completion Date: 19/10/2013 This is to certify that Ms. Arwa Khambati (Roll No. 29) a student of Master of Commerce (Part 2)‚ Sydenham College of Commerce and Economics‚ has undergone Project work on titled AUDIT OF BANKS. 19/10/2013 Mumbai
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Apollo Tyres has created a niche for itself in the Indian tyre market. After three decades of consistent growth‚ today it is the market leader. The history of the company dates back to the early 70s. In 1972‚ license was obtained by Mr Mathew T Marattukalam‚ Jacob Thomas and his associates. The company was taken over by Dr. Raunaq Singh and his associates in 1974. The implementation of the tyre project took place in 1976 in Perambra (Kerala). In 1977 commercial production began with an installed
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