BUS 451: Auditing Prof. Jon Poole Assignment #1 1/21/11 Luis Perez Jr. Team Assignment#1 a) Indicate the weaknesses in internal accounting control in handling of collections. There is only one person doing the record keeping‚ this leaves a lot of room for error. If this person makes a mistake then it would go unnoticed and they would lose money. An audit should be done more often. For 15 years the church trusted one person to count the money and that’s all the insurance they had. The
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Page 50 1 - A Competitive Coup in the In-Flight Magazine. What are the most prudent decisions she can make about her responsibilities to herself and others? The most prudent decision that she can make to herself‚ her organization and the competition is to turn the document over to one of the airline personnel. She should continue on with her research because even though she saw the competitor’s results she may be able to find more information that may change the end results. She should also
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Tina Li DQ #2-7‚ 2-9‚ 2-10‚ 2-11‚ 2-21 Problems #2-30‚ 2-42‚ 2-44‚ 2-49‚ 2-50‚ 2-52‚ 2-60 7. A) What determines who must file a tax return? Who must file is determined by an individual’s filing status‚ age‚ and earnings (income) they received that year. B) Is an individual required to file a tax return if he or she owes no tax? Yes‚ they are still required to file a tax return if they must file‚ even if he/she owes no tax. 9. Tax rules are often very precise. For example‚ a taxpayer must
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(7 marks) Question 3 (8 marks) (26-5B) Betty Dillman is an accounting major at a Midwestern state university located approximately 60 miles from a major city. Many of the students attending the university are from the metropolitan area and visit their homes regularly on the weekends. Betty‚ an entrepreneur at heart‚ realizes that few good commuting alternatives are available for students doing weekend travel. She believes that a weekend commuting service could be organized and run profitably
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BUS 311 Week 2 Quiz http://www.fres-courses.com/product/bus-311-week-2-quiz Week 2 Quiz : Katrina is complaining to her landlord about the six-inch long cockroaches in her apartment. The landlord scoffs‚ saying: “Cockroaches don’t get that big! I’ll pay $10‚000 to anyone who can show me a six-inch cockroach.” Will‚ a bug collector‚ overhears and promptly presents the landlord with his prize six-inch South American cockroach. The landlord refuses to pay‚ and Will sues. Which of the following best
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Abstract One of the biggest decisions that many people will have to make is whether they should rent or purchase their next residence. There are many advantages and disadvantages in each individual decision. Explicit costs‚ “monetary opportunity costs of using market-supplied resources‚” (Thomas & Maurice‚ 2011) and implicit costs‚ “nonmonetary opportunity costs of using owner supplied resources‚” (Thomas & Maurice‚ 2011) are important opportunity costs that each household should dissect
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A Manager’s Dilemma: Putting It into Practice General Electric Capital Corporation and the Multi-Million Dollar Typo Bagley p.184. Issue: As the GECC manager in charge of the USL account‚ what would you have done once the typo was discovered? Is Prudential legally entitled to a $92‚885‚000 first mortgage? What would be the ethical thing to do? Discuss. While typing the closing documents‚ a secretary working on “Amendment No. 1 to the First Preferred Ship Mortgage” wrongly typed Prudential’s first
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THE FINANCIAL SERVICES ACT 2007 Act No. 14 of 2007 Government Gazette of Mauritius No. 76 of 22 August 2007 Proclaimed by [Proclamation No. 21 of 2007] w.e.f. 28 September 2007 Please note - “A reference in any enactment to the Financial Services Development Act 2001 shall be construed as a reference to the Financial Services Act 2007”. – [Act No. 14 of 2007]‚ Section 97 (14) I assent SIR ANEROOD JUGNAUTH President of the Republic 21st August 2007 __________ ARRANGEMENT OF SECTIONS
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Circular Letter no.11 Department of Currency Management and Payment Systems (Payment Systems Division) Date:20 /12/2011 Managing Directors/ Chief Executive Officers All Commercial Banks Dear Sirs‚ Amendment of Guidelines on Mobile Financial Services for the Banks. Attention is drawn to DCMPS Circular No-08 dated September 22‚ 2011 on the captioned subject. This is to inform you that some amendments are made in the mentioned guidelines. All scheduled banks of the country are now advised
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BSA 310 McBride Financial Marketing Plan University of Phoenix Name: xxxxxxxx Date: xxxxxxx McBride Financial McBride Financial is a fast growing organization with plans to open a total eight offices located in Idaho‚ Montana‚ Wyoming‚ South and North Dakota. Services will specialize in providing financial mortgage assistance to first time buyers‚ retirees‚ professionals‚ families and individuals with credit problems. McBride Financial provides customers with informative information
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