Case 5 : The Ken Griffey Jr. Negotiation Date : 10/1/08 Cinncinati Reds Baseball Team: Griffeys agent : Brian Goldberg‚ his negotiator for his baseball contract Jim Bowden : General manager of Team John Allen : Managing Executive‚ Bowdens’ Boss Car Lindner : Team majority owner Griffeys team at present : Seattle Mariners Pat Gillick : General Manager who is to trade Griffey to another team Chuck Armstrong : Team president and boss of Gillick. Roger Jongewaard : team vice president
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Solutions Manual Discrete-Event System Simulation Third Edition Jerry Banks John S. Carson II Barry L. Nelson David M. Nicol August 31‚ 2000 Contents 1 Introduction to Simulation 2 Simulation Examples 3 General Principles 4 Simulation Software 5 Statistical Models in Simulation 6 Queueing Models 7 Random-Number Generation 8 Random-Variate Generation 9 Input Modeling 10 Verification and Validation of Simulation Models 11 Output Analysis for a Single Model 12 Comparison and Evaluation of Alternative
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------------------------------------------------- ------------------------------------------------- ZZZ Best Company‚ Inc. ------------------------------------------------- Case Study 2 ------------------------------------------------- Due Date: March 30‚2010 ZZZ Best‚ Case 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
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ZZZZ Best Company Inc. Introduction This paper explores the ZZZZ Best Company which was begun by a 16 year old individual who was able to pull the wool over the eyes of many customers‚ investors and auditors. This paper will define the difference between review and audit when it comes to financial reports‚ comments on the procedures provided with regard to the management assertion of occurrence‚ verification of payments for jobs and how they can lead auditors to improper conclusion‚ the purpose
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uncovered and Minkow was sentenced to 25 years in federal prison (he served eight years before being paroled). BORN TO COMMIT FRAUD? Minkow said that‚ although he didn’t know exactly why‚ he’d been committing fraud almost since the day he opened for business. In the early days‚ when he couldn’t meet payroll‚ he’d steal checks and deposit them in his bank account. He also would kite checks‚ overbill customers and overdraw his checking account—whatever it took to stay afloat. What made Minkow believable
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Additional Cases for the Course The case readings have been developed solely as a basis for class discussion. The case readings are not intended to serve as a source of primary data or as an illustration of effective or ineffective auditing. Reprinted by permission from Jay C. Thibodeau and Deborah Freier. Copyright © Jay C. Thibodeau and Deborah Freier; all rights reserved. 1••• ( Case 61 ® Enron Enrori’s First Few Years hi~ 1985 Enron had assets along the three major stages of the supply
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help the auditor identify the level of risk. However‚ obtaining a knowledgeable third party confirmation would provide the auditor with a higher level of accuracy. In the case of ZZZZ Best’s the auditor was manipulated and mislead by the owner Barry Minkow as well as other employees who were accompliaces to the fraudulent acts. The evidence and documention obtained was falsified by the third party involved making it difficult for the auditor to recognize the fraud. The auditors in this case even
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occurrence. Management assertions can be purposely misleading and the individuals might go to a great length to defraud the auditors and the public. In the ZZZZ Best Companies case‚ Barry Mirkov asserts that all financial statements are properly presented and when the auditors decide to take further auditing procedures‚ Barry Mirkov creates fraudulent contracts‚ rents real estate spaces for a few hours and hires a few phony individuals to pose as leasing agents in order to accompany auditors in their
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ZZZZ Best Case: 1. According to the Public Company Accounting Oversight Board (PCAOB) AS 2610 .09 and .03 successors have the responsibility to obtain information regarding a new audit client from the clients’ previous auditor however‚ auditors may submit a proposal to conduct an audit engagement before this condition is fulfilled. The purpose for this communication is to ensure that the new auditor can interpret the trustworthiness and integrity of the proposed client. Information that might affect
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ACG 4632 ZZZZ Best Case Questions (40 points) 1. Identify the primary audit objectives that auditors hope to accomplish by: * Confirming a client’s year-end accounts receivable‚ and (Balance related existence) * Performing year-end sales cutoff tests. (transaction-related objective timing) (5 points) 2. 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
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