investors and creditors. It would benefit them greatly because the audit work should be done with better care therefore they can use the statements with more trust. I feel that the judge should have authority to decide who auditors are liable to. In this case is clear that Touche was negligent and they should have liability to all foreseen third parties. 2) In section 11 of the securities act of 1933 the auditors have the burden of proof and in the securities exchange act of 1934 section 18 the plaintiffs
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Netflix is a subscription based video rental company and has become the frontrunner in the video rental industry since it was founded in 1997 and the launching their online segment in 1999. The industry as a whole has only a few competitors with a handful dominating the market (Netflix‚ Red Box‚ Cable TV - Video on Demand and Pay-Per-View). By 2010 Netflix had evolved into the world’s largest subscription service for DVD rentals by mail and streaming both movies and TV episodes over the internet;
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Case 03-05 Trademark‚ Inc. Part 1—Accounting Issues This case study is the first of a two-part Earnings Management Case. The purpose of Part 1 is to provide you with background information relating to Trademark‚ Inc. and raise several accounting and auditing issues affecting Trademark during the current fiscal year. The conclusions reached in this case study will be used in Part 2 — Misstatements & Materiality. Trademark‚ Inc.‚ a public company‚ designs‚ manufactures‚ and distributes greeting
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disadvantages of using case structures to program multiple alternative decisions Advantages: 1. Easier to debug 2. Easier to read 3. Easier to understand 4. Easier to maintain 5. Faster execution Disadvantages 1. Frequent source of bugs 2. Have a longer program than necessary 3. Error control harder to manage 4. Debugging may have issues 5. Program may look right and run right in part of the program but not in another List five advantages and five disadvantages of using case structures to
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References: Anthony‚ R.N. and Govindarajan‚ V. (1995)‚ Management Control System‚ Irwin‚ Chicago‚ IL. Ax‚ C. and Bjornenak‚ T. (2000)‚ “Bunding and diffusion of management accounting innovations: the case of the balanced scorecard in Scandinavia”‚ paper presented at the European Accounting Congress‚ Munich. Chenhall‚ R.H. and Morris‚ D. (1986)‚ “The impact of structure‚ environment‚ and interdependence on the perceived usefulness of management accounting
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CHEMTECH INC Case 13-1 1. What problems are faced by Chemtech in the following areas: logistics and supply chain management‚ purchasing‚ and marketing? Chemtech Inc established in 1980‚ is a market leader in production of chemicals in Atlanta. Its principal utilities and a distribution center are located in outside Atlanta. Chemtech is facing a problem in logistics and supply of its produce as it has only a single distribution center which is facing a huge requirement of expansion and addition
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1. Introduction 6 2. Analysis of the PC segment 7 2.1 Introduction 7 2.2 PESTEL Analysis 8 2.2.1 Political 8 2.2.2 Economic 8 2.2.3 Social 8 2.2.4 Technological 8 2.2.5 Environmental 9 2.2.6 Legal 9 2.2.7 Identification of drivers 9 2.3 5 Porter’s forces 10 2.3.1 Rivalry among competing firms 10 2.3.2 Bargaining power of suppliers 10 2.3.3 Bargaining power of customers 10 2.3.4 Threat of new entrants 10 2.3.5 Threat of Substitutes 10 2.4 Strategic group mapping 12 2.5 Competitive
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structure is CBF using? Circuit Board Fabricators Inc. uses a job shop process flow structure. The job shop process flow structure is a production of small batches of a large number of different products.The job shop process is also a flexible operation that has several activities through which work can pass. In a job shop‚ it is not necessary for all activities to be performed on all products‚ and their sequence may be different for different products.CBF‚ Inc. bases its board fabrication process on the
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Gull Products Incorporated Camosun College Summary Gull Products INC. is a small business in Moose Jaw that supplies commercial products to other regional business. A big multinational corporation‚ Delnex‚ has moved into their area and could possibly represent one of Gull’s biggest customers. Phil‚ the sales supervisor and the key decision maker‚ leads the discussion on how to acquire Delnex as a customer. The sales team has four member; Bob‚ John‚ Cindy and Joe. Bob has the most experiences
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Internet Case Study: Andrew-Carter‚ Inc. Andrew-Carter‚ Inc. (A-C) is a major Canadian producer and distributor of outdoor lighting fixtures. Its fixture is distributed throughout North America and has been in high demand for several years. The company operates three plants that manufacture the fixture and distribute it to five distribution centers. During the past few years‚ A-C has seen a major drop in demand for its fixture as the housing market has declined. Based on the forecast of interest
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