The auditor’s responsibility is to communicate significant deficiencies and material weaknesses that exist regardless of management’s decisions. These significant and material deficiencies should be communicated to the management in writing. In the case of non-public companies‚ the auditors are not required to report separately on internal controls by the PCAOB. Thus‚ the auditors’ responsibility for a non-public company is to focus on fraud within the audit.
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GAP INC. CASE STUDY: QUALITY AND PRODUCTIVITY THROUGH TRUST GAP INC. BOOSTS QUALITY‚ ACCOUNTABILITY AND PRODUCTIVITY THROUGH THE ADOPTION OF RESULTS-ONLY WORK ENVIRONMENT (ROWE) GAP INC. CASE STUDY: QUALITY AND PRODUCTIVITY THROUGH TRUST - GOROWE.COM Introduction The economic climate of the past several years has been challenging for industries across the board‚ and clothing retail has been no exception. Response strategies are varied‚ from aggressive traditional marketing to increased reliance
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Pegasus International Inc. From what I understand from Peagsus’s ethical values as a corporation‚ the business venture into China should not be engaged. Engaging this business venture would create potential for $100 million increase in annual profit because there is a huge demand in the Chinese market for wireless technology‚ and Pegasus has all the resources to meet this demand. Although this would be an excellent business decision‚ Tom Oswald the current CEO has already built a culture of integrity
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The widely used framework is referred as COSO‚ Committee of Sponsoring Organizations of the Treadway Commission‚ sponsored by the following organizations American Accounting Association‚ the American Institute of CPA’s‚ Financial Executives International‚ the Institute of Internal Auditors‚ and the Institute of Management Accountants. COSO’s defines internal control as: A process‚ effected by an entity’s board of directors‚ management‚ and other personnel‚ designed to provide reasonable assurance
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Magna International Inc. 1.1 BACKGROUND INFORMATION Magna International Inc. (Magna) is a manufacturer of automobile parts since its inception in 1957 (At the time was called Multimatic Investments Limited). Founded by Frank Stronach‚ Magna has since become Canada’s largest automobile parts manufacturer. Magna is the primary supplier of automobile parts to many car manufacturers‚ including General Motors‚ Chrysler‚ and Ford Motor Company. The following discussion will draw upon Magna’s management
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Described Historical Perspective: The historical perspective of Apple Inc. shows us that they were an innovative company that started the industries of successful computers‚ music players‚ phones and many other electronic items we have used over the past thirty years. Apple Inc. have had their ups and downs to include in depth software/hardware which was difficult for competitors and users to understand and mimic as well as holding face on their computer background with their innovative technologies
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WENDY ’S INTERNATIONAL‚ INC. As emphasized on its web site‚ Wendy ’s was founded on a motto of "Quality‚ Service‚ Cleanliness‚ and Value." The company aims to follow that motto in all of its restaurants. They want in return Customer Loyalty and Satisfaction‚ by their plan to exceed customer expectations‚ foster a performance-driven culture‚ deliver the balanced message of brand equity plus value in outstanding advertising‚ and most importantly creating a healthy restaurant system." Wendy ’s faces
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Revlon Inc. Case Study: 1). Introduction History: Revlon is a universal company that sells products for skin care‚ cosmetics‚ personal care‚ fragrance and professional products. It was founded in 1932 and began in the nail polish market‚ soon after expanding into lipstick. Over the past six years‚ Revlon has consistently lost revenue and struggled with debt. Even though they have eliminated executive positions‚ reduced staffing and consolidated sales and marketing functions to save an approximate
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Nike‚ Inc. : Case Study in Operations Management MGT 441 Prepared for: Dr. Davidson‚ Concord University Prepared by: Jeremiah Nelson Johnathan Coleman Emily O’Dell December 4th‚ 2012 Introduction Low-cost‚ time-efficient manufacturing of goods is a key feature of a successful production company in today’s competitive global economy. Operations management‚ often abbreviated in the business world as OM‚ is defined as “...the set of activities that creates value in the form of goods
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Case Study: LaJolla Software‚ Inc. LaJolla Inc. is a young business information software company based in California outside the Silicon Valley. The company is interested in forming an alliance with a Japanese firm and has for the last several months been negotiating with several firms in Japan to realize their goals of distributing their product in Asia. The owners have finally found a Japanese firm that will create an alliance with them. The firm is now sending a contingent of managers to
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