1. a. To the Board of Directors and Shareholders of L Inc.: We have audited L Inc.’s internal control over financial reporting as of December 31‚ 2012‚ based on control criteria established in Internal Control-Integrated Framework issued by the Committee of Sponsoring Organizations of Treadway Commission (COSO). L Inc.’s management is responsible for maintaining effective internal control over financial reporting‚ and for its assessment of the effectiveness of internal control over financial
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CLASSROOM MANAGEMENT CHAPTER 9 Classroom Management LE ARNI NG OUTCOMES After studying this chapter‚ you should be able to: 1. Define classroom management; 2. Explain the goals of classroom management; 3. Explain the need for socialization; and 4. Describe how to plan for effective classroom management. 228 l CHAPTER 9 CHAPTER 9 l CLASSROOM MANAGEMENT INTRODUCTION What did you think about the teacher’s role in a classroom? The answer for the question is there are two dominant
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5(a) Prepare a memo to the partner making a recommendation as to whether Barnes and Fischer should or should not accept Ocean Manufacturing‚ Inc. as an audit client. Carefully justify your position in light of the information in the case. Include consideration of reasons both for and against acceptance and be sure to address both financial and nonfinancial issues to justify your recommendation. MEMORANDUM To: Jane Hunter From: Corrine Subject: Ocean Manufactory Should be Accepted Date:
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Week 5 Assignment What is the correct relationship of internal audit to senior management? The correct relationship to exist between internal auditors to senior management is one that meets the risk areas as defined by importance to senior management; this includes assurance and consultative reporting result. The same premise is also true for creating a correct relationship with operational management and the audit committee; under these cases‚ operational management desires consultative results
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Hello classmates‚ In Chapter 9‚ we learned the three-step writing process to persuasive messages. One of the most important tasks of the planning step is to do an insightful analysis of the audience. The best persuasive messages are connected to the audience’s desires and interests‚ as wells as the needs that influence their motivation. Persuasion is an essential skill especially on the advertising industry. A successful advertising message transcends the audience’s perceptions of needs and
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words 1) Rodney Brick is completing a Master of Accounting part-time and has taken on a role as an auditing assistant with an audit/accounting firm and his first job is to assist with auditing the books of Daffey Jones Ltd‚ a major retailer. Whilst undertaking the audit‚ Rodney comes across certain financial information that he believes will assist him in completing one of the auditing assignments he is currently working on so he copies the information and uses it in the assignment‚ although
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Question 11. In early 2003 Bristol-Myers Squibb announced that it would have to restate its financial statements as a result of stuffing as much as $3.35 billion worth of products into wholesalers’ warehouses from 1999 through 2001. The company’s sales and cost of sales during this period was as follows: 2001 2000 1999 Net sales $18‚139 $17‚695 $16‚502 Cost of products sold 5‚454 4‚729 4‚458 The company’s marginal tax rate during the three years was
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Plan 25 Executive Summary This report is for Wendig Ltd for the year ended July 2010. The report is focused on highlighting significant audit risks‚ Key assertions and relevant internal controls concerning various segments of the business namely Inventory balances and purchases transactions‚ Trade Receivables and Credit Sale System‚ Property Plant and equipment‚ Trade payables transactions and balances. The report in the end suggests relevant recommendations for each of the following
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finalizing auditor’s report 6. assisting audit team plan & perform for audit 7. assist audit team members’ supervise & direct audit work‚ discharge responsibilities (Quality Control for an Audit) 8. enable team account for its work 9. retain record (continuing significant matters) future audits 10. enable experienced auditor conduct engagement QC reviews & inspections 11. enable conducting external inspections with applicable legal‚ regulatory requirements Types of audit
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End-of-Chapter Question Solutions 1 ____________________________________________________________ ________________________________ CHAPTER 5: FOREIGN CURRENCY DERIVATIVES 1. Options versus Futures. Explain the difference between foreign currency options and futures and when either might be most appropriately used. An option is a contract giving the buyer the right but not the obligation to buy or sell a given amount of foreign exchange at a fixed price for a specified time period. A future
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