Content Executive summary 1. 0 Business operation of REX 1.1 Nature of revenue sources 1.2Conduct of operation 1.3 Products and services 1.4 Market conditions and competition 1.5 Regulatory environment 2.0 PEST analysis 2.1 Political 2.2 Economics 2.3 Social 2.4 Technical 3.0 Audit risks 3.1 Measurement risk of aircraft 3.2 Revenue manipulate risk 3.3 Derivative financial instruments risk 3.4 Employee benefit risk 4.0 Internal control Reference Executive summary
Premium Airline Financial statements International Financial Reporting Standards
Gilburne: guilty to conspriracy to commit wire and securities fraud to inflate earning 96-99. He was alleged of drawing up a list of good and bad items to adjust income to meet analyst ’s expectations. Imporperly recogmnzing unearned and fictitious recievales from its vendors - SEC: 3 Financial Fraudent Schemes 1 Imporperly recogmnzing unearned and fictitious recievales from its vendors * GAAP: Revenue recognition when realized or realizable and earned (Concepts Statement No. 5‚ Recognition
Premium Risk Financial statements
1. Is crowdsourcing‚ as used by AOL‚ a form of outsourcing? Why or why not? In a way yes because the work is ”outsourced” to workers outside the company itself. The tasks are not done by companies employees instead the tasks are put on Amazon’s Mechanical Turk and half a milion workers that are registered there could read about the tasks and decide if they wanted to perform them. Outsourcig means that the purchase of a god or service that was previously provided internally or that could be provided
Premium Outsourcing
Question 1. Discuss the strengths and weaknesses of billboard advertising and make recommendations for the types of products and situations in which outdoor advertising should be used. STRENGTH: Broad reach and high frequency levels - Billboards are effective in reaching virtually all segments of the population. The number of exposures is especially high when signs are strategically located in heavy traffic areas. Automobile advertisers are heavy users of outdoor media because they can reach huge
Premium Advertising
Does Auditing Matter? Janice Rhodora P. Carpentero La Salle University and Eljoy Delos Santos La Salle University May 22‚ 2013 Does Auditing Matter? SUMMARY: The scrutiny auditing has received post-Enron provides compelling evidence that auditing does matter‚ to answer the rhetorical question posed by the paper’s title. What is unclear‚ however‚ is whether auditing was sufficiently “broken” in the first place to warrant the radical reforms and changes effected
Premium Auditing Audit Auditor's report
to a given fact situation Navi Student ID: Due Date: 5th Aug 2013 Assessment Part 1: Apply selected provisions of the Fair Trading Act 1986 to a given fact situation. 1a) The fair trading act in 1986 defend consumers by prohibiting dishonest or deceptive conduct in trade. It requires that all trading activities are based on right and true information. In this case‚ under the defences available in the act‚ he was not responsible but he has committed offence under the agreement
Premium Contract Small claims court Commerce
Industry and the History of the Billboard Charts Once upon a time it used to be easy to calculate the success and popularity of a recording artist‚ song‚ or album. For most of the 20th century people bought records‚ then tapes‚ and then CDs and these sales represented how many people were listening and loving any given musician. Combined with radio requests and radio airplay‚ it was mathematically simple to determine how many people liked a song. Since 1936‚ Billboard Magazine has been doing these
Premium Music Pop music Popular music
Question 1 Incentives: Financial pressures from changes in the market and industry intense competition (national‚ regional‚ local) under cut prices from municipalities that could offer lower prices by using tax revenue. Pressure to meet earnings expectations Stock ownership benefits Retirement benefits Performance based bonuses Maintain growing stock price Maintain industry leadership Maintain reputation Opportunities: Able to use a lot of estimates in depreciation of PPE (over 1/2 of assets)
Premium Audit Big Four auditors Balance sheet
Chapter 1 An overview of auditing Multiple Choice 1. The three major professional accounting bodies in Australia are: a. ICAA‚ CPA and ASIC. b. CPA Australia‚ NIA and AARF. c. ATO‚ AUASB and ASIC. d. ICAA‚ CPA Australia and NIA. The correct option is d. Feedback: Section 1.3 The auditing environment 2. Which body has a mission ‘to develop‚ in the public interest‚ high-quality auditing and assurance standards and related guidance to enhance the relevance‚ reliability and timeliness
Premium Auditing
Week 12 - Part A: Answer the below questions from chapter 15: 1. Describe the differences between statistical and non-statistical sampling in terms of (1) the sample selection methods used‚ and (2) quantification of sampling risk. Ans: Nonstatistical sampling differs from statistical sampling in that non-probabilistic sampling can be used for the former but not the latter. In addition‚ sampling risk can be quantified when using statistical sampling but not when using nonstatistical sampling
Premium Sampling