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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Case 4: Aaron Jones‚ CPA‚ is auditing the current year’s financial statements of Low Company‚ a publicly traded company. Aaron notices some major fluctuations in Low’s fourth quarter of the previous year’s financial statement balances. He is aware that security holders of publicly traded company stock that does not separately report fourth quarter results often “impute” such results by subtracting data based on third quarter interim balances from the year-end balances. Thus‚ companies should report
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Endangered Species Study: Jaguars I. The jaguars of Central and South America have been being killed for game and protection. This cat used to have homes around the United States to Uruguay‚ but ever since the fears of extinction the jaguars have moved to the undeveloped rain forests in Latin America. Jaguars are being killed due to many people fearing for their own lives and many are also being killed to protect cattle. Jaguars do stalk and ambush their prey‚ however‚ they rarely ever attack
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Case 4.1 Amy’s Ice Cream Amy’s Ice Cream is a business that was founded in Austin‚ Texas‚ and now has 13 locations in Austin and one each in Houston and San Antonio. When asked about the driving force behind it‚ Phil Clay‚ the production manager‚ explained that "while the product is of excellent quality and does come in some unique flavors‚ ultimately ice cream is ice cream. One can just as easily go to Swensen’s or the Marble Slab to get great ice cream. Service is what differentiates Amy’s from
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1) What recommendations would you make to Rosas about organizing the Jaguar project‚ and why? Ans: Looking at the major assessment of problem of how ORION projects are manage‚ it will be plausible for Rosas to shift from the matrix structure and engage in a dedicated project teams structure. The reason been that is‚ dedicated project teams has a simple form of approach to a particular project where the functional organisation remain intact with the project team operating independently. It is also
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Ted Hughes’ poem ‘The jaguar’ describes a group of animals living in a zoo‚ caged and sedentary‚ being stared at by onlookers‚ as well as one animal in particular: the jaguar. In this poem‚ we see how certain animals have let their cage define them‚ and have grown into almost inanimate objects whereas the panther‚ symbol of power and greatness‚ has not let itself be confined to the realm of his cage and instead uses his vision‚ his mind‚ to escape the entrapment. Hughes paints an extremely vivid
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HISTORY AND PHYSICAL EXAMINATION Patient Name: Adela Torres Patient ID: 132463 Room No.: 541 Date of Admission: 06/22/2014 Admitting Physician: Leon Medina‚ MD of Internal Medicine Admitting Diagnosis: Stomatitis‚ possible methotrexate related . Chief Complaint: Swelling of the lips‚ causing difficulty swallowing. HISTORY OF PRESENT ILLNESS: This patient is a 57 year old Cuban woman with a long history of rheumatoid arthritis‚ she has received methotrexate on a weekly
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Case 3 MBA_731 John Burkhart 11/21/12 Parts Emporium EG151: Exhaust Gasket DB032: Drive Belt 1. Total costs for EG151; include ordering costs and holding costs. Compare this to the current system costs. You do no need to include the cost of safety stock for this comparison. Actual cost for this part: $4.16 Ordering Cost: $20.00 Holding cost: 20% of inventory investment Units on hand: 0 Units on back order: 11 Units scheduled receipt: 150 Total Cost: $624 + $20 + $125
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Course Project Part B a. the average (mean) annual income was less than $50‚000 Null and Alternative Hypothesis H0: mu= 50 (in thousands) Ha: mu<50 (in thousands) Level of Significance Level of Significance = .05 Test Statistic‚ Critical Value‚ and Decision Rule Since alpha = .05‚ z<-1.645‚ which is lower tailed Rejection region is‚ z<-1.645 Calculate test statistic‚ x-bar=43.74 and s=14.64 Z=(43.74-50)/2.070=-3.024 2.070 is calculated by: s/sq-root of
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was to damage the image of the monarchy. However there is also a case to argue that increasing media coverage of the royal family had other significant effects. Source 15 supports the view that the main effect of increasing media coverage of the royal family from the 1970s onwards was to damage the image of the monarchy when it says the slapstick gameshow ’It’s a Royal Knockout’‚ which many members of the royal family took part in ’seriously dented their dignity: the nation was not amused’‚
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