Case 4.2 Comptronix Corporation identifying inherent risk and control risk factors Mark S. Beasley Frank A. Buckless Steven M. Glover Douglas F. Prawitt it was 9:30 A.M. on a monday morning when the call came through. "hi dr mitchell‚ do you have a minute? "sure" the professor replied "i am on of your former students‚ but if you don ’t mind‚ i would prefer to remain anymous. i think it is best for both us if i not reveal my name or my company to you. i am concerned that the
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engagement of a nonpublic company’s financial statements performed in accordance with the Statements on Standards for Accounting and Review Services (SSARs)? a. An accountant must establish an understanding with the client in an engagement letter. b. An accountant must obtain an understanding of the client’s internal control when performing a review. c. A review provides an accountant with a basis for expressing limited assurance on the financial statements. d. A review report contains an accountant’s
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Epidemiology Paper Hepatitis B Aaliyah Dorsey Hepatitis B (HBV) is a virus that causes liver disease‚ both acute and chronic. The disease can progress requiring the need for liver transplant. The rate of disease has seen a decline in the United States since the 1970’s due to routine vaccination’s‚ advances in aseptic techniques used in health care environments and public awareness. The public health nurses role is important in the communication and implementation of health initiatives
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R for Programmers Norman Matloff University of California‚ Davis c 2007-8‚ N. Matloff December 4‚ 2008 IMPORTANT NOTICE: This document is no longer being maintained. My book on R programming‚ The Art of R Programming‚ is due out in August 2011. You are welcome to use an early draft at http://heather.cs.ucdavis.edu/˜matloff/132/NSPpart.pdf; it was about 50% complete and contains bugs‚ but should be useful. Licensing: This work‚ dated December 4‚ 2008‚ is licensed under a Creative Commons Attribution-No
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Cervus Equipment Corporation‚ was found in the 1990s to manages and consolidate farm equipment dealerships. It is based in Calgary‚ Alberta. It is in partnership with original equipment manufacturers and has branched out into the construction and long haul manufacturing industries. It has also increased its geographic foot print by moving into New Zealand and Australia. The company has successfully grown through acquisition‚ and has grown its revenue from $56 million to $979 in a pace of 11 years
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Four Products Case Question 1. Which of the four products are you most optimistic about in terms of likely success? Why? Answer: I really like two ideas presented in the case: Stave Jigsaw Puzzle and Polytrack. Both are dealing with big money and luxury; while one is aimed to please‚ impress and entertain real “big wallets” owners‚ the other seems to be a real innovative breakthrough in equestrian sport. Stave Puzzle attracts me with a perfect match of the target market – rich fine people who
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American Home Products Case Write-Up 1. A combination of business risk and financial risk shows the risk of an organization’s future return on equity. Business risk is related to make a firm’s operation without any debt whereas financial risk requires that the firm’s common stockholders make a decision to finance it with debt. Business risk can be evaluated volatility in earnings and profits (coefficient of variation of returns on assets and of operating profits). A measure of business risk
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MINICASE ACCT – 13 1. What are the relevant facts? - The company for which Chris is the controller is facing difficult times in light of a downturn in the construction industry. - Chris and Robin know that a material receivable from the Ender Corporation is probably uncollectable. - The allowance adjustment for the material receivable has not been made - Allowance adjustment will cause the auditor to mention the company’s unstable financial position and therefore without a clear opinion‚ the
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Brief case study for “The Recalcitrant Director at Byte Products‚ Inc.” Terri Grisafi MGMT 6301 Fall 202 Prof. Christian Byte Products is a leading manufacturer of specialized electronic components used in computers for business and engineering. With their main headquarters located in the Midwest‚ they are the largest volume supplier with 32% of the market and an industry leader with annual sales of $265 million and for the last six years sales have been
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will be the risk and threat in this change? 5. If you were B&K’s CEO‚ would forward with the project? Why or why not? As what I state above in Question 4‚ I will push further on the uncertainty and some facts which are not mentioned in the previous report. It is a trade-off the CEO need to thinker further and make a careful decision‚ especially when the evidence and the numbers are all provided by the company who want to sell its product. On the current analysis result‚ I will go forward with
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