Case #4 Jiawei Qi Principle of audit and control (43010) Professor Ben Hoffman February 23‚ 2015 TO: Charles ward‚ CPA Partner FROM: Jiawei Qi DATE: February 23‚ 2016 SUBJECT: Assess control risk and plan tests of controls and substantive tests of transactions Introduction: The purpose of the memo is to communicate to you the outcome of the company’s control risk‚ the test of controls and substantive tests of transactions. General procedure: First‚ we assess the
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research or paper to submit as their work without citing them. Based on the Three Primary Schools of Ethics we read from this week’s reading‚ the two primary schools of ethics that I find are most suitable for this paper is ends based and rules based ethics. Rules based ethics focuses on the duties‚ rights and the principles we choose to follow when we are making decisions. We must always remember to be fair to everyone involved‚ and respect the people’s self-worth. We basically have to do the right thing
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Sustainable procurement (or Green procurement) is a spending and investment process typically associated with public policy‚ although it is equally applicable to the private sector. It is linked to the wider agenda of sustainable development. Organizations practicing sustainable procurement meet their needs for goods‚ services‚ utilities and works not on a private cost-benefit analysis‚ but with a view to maximising net benefits for themselves and the wider world. In doing so they must incorporate
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economic growth punctuated by periods of downturn or even recession. Within this uneven trajectory‚ however‚ there has been a substantial reconfiguration of the global economic map. Although a handful of older core economies still dominate international trade and investment flows‚ the most spectacular recent growth rates have been achieved by the East Asia NIEs. Without doubt‚ the most important single global shift of recent times has been the emergence of East Asia- including the truly potential giant
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1. What factors accounted for Starbucks’ extraordinary success in the early 1990’s? What was so compelling about the Starbucks’ value proposition? What brand image did Starbucks develop during this period? Is the value proposition still valid in 2002? The extraordinary success Starbucks experienced during the early 1990s resulted from Howard Schultz’s passion and vision to create a coffee culture in the United States similar to the coffee culture he experienced while traveling to Italy. Schultz’s
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At outset‚ a coffee spill case might seem trivial and outrageous‚ but there are various factors for which we feel McDonalds did deserve to be punished. Temperature Conformation to industry standards: Spokesperson of national coffee association says that McDonalds conforms to industry temperature standard and any temperature above 130 degrees could cause third degree burns. Although doctors mentioned that lowering temperature to 160 degrees takes a longer time for burns to take effect
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ACC 512 – International Accounting CASE 4-1 Bessrawl Corporation Reconciliation from U.S. GAAP to IFRS 2014 Income under US GAAP $1‚000‚000 Adjustments: Reversal of write-down of inventory to replacement cost 10‚000 Additional depreciation on revaluation of equipment (25‚000) Impairment loss on intangible asset (5‚000) Recognition of deferred development costs 80‚000 Reversal of amortization of deferred gain on sale and leaseback (30‚000) Income under IFRS $1‚030‚000 2014 Stockholders’
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limited liability business. NSPCC The purpose of NSPCC is to help children who’ve been abused to rebuild their lives‚ protect children at risk‚ and find the best ways of preventing child abuse. NSPCC is a charity as they are helping the people in this case the children‚ NSPCC being a charity‚ the staff volunteer to work for the business‚ the business is classed as a not for profit organisation and any profit made within the business goes towards the charity. NSPCC is in the tertiary sector in business
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Questions for Jet Blue Case (Case #4) 1. Research on the history of Jet Blue (operational and performance highlights/lowlights/milestones from 2000 to present) a. Identify the “strategic service vision“ of Jet Blue‚ i.e.‚ target market‚ service concept‚ operating strategy‚ and service delivery system. Did their operating strategy and delivery system support the needs of their target market? b. From the research facts‚ did the owners/management of Jet Blue strictly adhere to their strategic service
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Coffee Industry People usually drink coffee to stay up while awake at night‚ besides that many people rely on coffee to get their day started. According to the New England Journal of Medicine‚ “Drinking coffee can lead to a longer life”; however‚ many consumers have no idea of the impact of habits on their coffee and coffee farmers around the globe‚ ethical issues of consumers with the industry is not fair; but to coffee farmers‚ the issues are human rights violations and use of child labor
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