Case study 1 clearly was a case in which fraudulent activity had clearly taken place. If it was not for the internal audit conducted by the ABC company‚ Hank Duckworth would probably still be getting away embezzlement. The clues that led up to Hanks demise was that Jane discovered that some of the accounts payable checks lacked complete endorsement by the payees. When Jane dug a little deeper she found five more checks made out to different people but all of the endorsement’s had the same handwriting
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Raphaella Mercier Case 1 Trade Barter‚ the Rimzi Chamber of Commerce and the Rimzi University of Economics 1. What kind of studies should the Chamber perform to assess the likelihood that RUE could benefit from use of the trade barter system? The Chamber members should conduct studies to see what exactly the university would be in need of most‚ to see if the trade barter system would be beneficial. The study should also be conducted to see what the university has to offer in barter. The results
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Week 5 Assignment What is the correct relationship of internal audit to senior management? The correct relationship to exist between internal auditors to senior management is one that meets the risk areas as defined by importance to senior management; this includes assurance and consultative reporting result. The same premise is also true for creating a correct relationship with operational management and the audit committee; under these cases‚ operational management desires consultative results
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Adelphia Case Summary The Allegations: Prosecutors say members of the cable company’s founding family and two former executives looted the firm "on a massive scale‚" spending company funds on personal expenses‚ such as a $12.8 million golf course. The firm has been accused of hiding business relationships between Adelphia and entities tied to the founders and for inflating its financial results. Who’s Who: • John J. Rigas‚ Adelphia’s founder • Timothy Rigas‚ former CFO • Michael Rigas‚
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professionals are faced with ethical issues and dilemmas. Resolving these ethical issues can often be complicated due to the lack of guidance provided by the Code of Ethics for Professional Accountants. Ethical theories present frameworks to assist in the decision making process. The 6-Step Ethical Framework outlines an approach to take towards the ethical issues not addressed by the Code of Ethics. The 6-Step framework is demonstrated with the following. Step 1: Relevant Facts The relevant facts
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Contents Executive Summary 2 Methodology 3 Introduction 4 Findings 5 A. Inventory balances and purchases transactions 5 B. Trade receivables and credit sales system 5 C. Property‚ Plant and equipment (PPE) 6 D. Trade payables transactions and balances 6 Implications 8 A. Inventory balances and purchases transactions 8 B. Trade receivables and credit sales system. 10 C. Property‚ Plant and equipment (PPE) 12 D. Trade payables transactions and balances 15 Conclusion The following conclusions
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Case 5 Magrec‚ Inc. 1. I would let a day pass and then request another meeting with Dinah indicating a sincere desire to work through the matter and the need to come to an understanding and agreement of how to work together and with the team moving forward. At that meeting‚ I would start off and thank Dinah for bringing the Partco matter to my attention. I would communicate with Dinah that I respect her strong feelings and beliefs behind her actions regarding the Partco matter but indicate
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TANGLEWOOD STORES -Planning- Specific Assignment Details 1.Currently the organization expects that their forecast for labor requirements is essentially constant from the previous year. Based on this assumption complete the five stages of the planning process: a. Currently the organization expects that their forecast for labor requirements is essentially constant from the previous year. This means the forecast for next year will be taken as given. b. Fill in the empty cells in the forecast
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Bauhinia © Martinsons & Associates 2009 Licensed exclusively for use at the City University of Hong Kong. Unauthorized use or reproduction of this case is strictly prohibited. This is a composite case that integrates the experiences of several companies. In the early 1970s‚ the Chan family pooled together $30‚000 and set up a small dairy processing plant in Hong Kong. Bauhinia Dairy initially produced only fresh milk and sold it through limited distribution channels. It has subsequently modestly
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FALL 2013 RSM225/MGT 393 – ASSIGNMENT #1 – value 5%; DUE DATE – As assigned in class. Please Note: This assignment must be completed in groups of 2 and be no longer than 6 pages (typed‚ space and one-half; Times New Roman – Font 11; 1 inch margins) in length. Given TA restrictions‚ your group must be formed with both members of the group being registered in the same section. It must be handed in at the beginning of class of your registered section. Only one assignment per group must be submitted
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