Phillip Canamar Accounting Case Analysis LP1 Assignment: Audit Failure 1. Analyze the actions of the auditors in both cases and identify any errors in judgment made by the auditors. The action of the Auditors‚ Audit Committee‚ and top management that worked for Molex Corporation were in error because FASB Concept Statement #2 (materiality defined) appears to apply to this case and should have know the appropriate way to handle the situation that conforms with GAAP and adjust the financials
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Government’s failures outweighed its successes? One of the most significant failures of the Labour government between the years 1964 and 1970 were the economic difficulties. Source 7 agrees with this very strongly as it states that they had “not got the economy right”. This could be highlighting Labour’s National Plan launched by George Brown‚ the Minister of Economic Affairs at the time‚ in 1965. The Plan aimed to stimulate industrial production and exports by supporting collaboration between the government
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The number of juvenile delinquents in Russia is growing rapidly. There are about 1.5 million juvenile arrests a year. Some causes for the rise of juvenile delinquency include lack of proper attention from their parents‚ the surrounding neighborhoods juvenile grew up in. Unfortunately‚ there are innumerable examples of family units that do not function effectively. Physical or emotional abuse‚ neglect and lack of interest by the parents in the children’s lives all contribute to a lack of proper
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How does Shakespeare show the correlation between unethical deeds and the manipulation of psychology in Macbeth? Good evening everyone‚ The play Macbeth highlights William Shakespeare’s own opinions on correlations between committing unethical deeds and the manipulation of a person’s psychology. While modern psychological research did not appear until the late 1800s it is evident that with the help of his son-in-law John Hall (a man who introduced one of the first psychological concepts of
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Juvenile Delinquency and Adult Crimes Not long ago‚ juveniles were expected to behave and act as any adult would. This extended to obeying laws where juveniles were viewed as adults and were subject to the same rules and regulations as adults. There was no separation of juvenile crime and adult crime and the law made no distinction based on the age of the offender. Whoever committed a crime‚ regardless of age‚ were given a certain consequence for their actions. It wasn’t until the 1900’s when the
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Motorola Mobility‚ the ailing cellphone maker that Google bought in May‚ told employees Sunday that it would lay off 20 percent of its work force and close a third of its 94 offices worldwide. The cuts are the first step in Google’s plan to reinvent Motorola‚ which has fallen far behind its biggest competitors‚ Apple and Samsung‚ and to shore up its Android mobile business and expand beyond search and software into the manufacture of hardware. The turnaround effort will also be a referendum on
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Reflecting back on my interview with Jim Smith I would like to cover a few things that really stood out to me in looking into being an entrepreneur. This items that lead to success in a business are: knowledge of the business‚ networking‚ capitol‚ and that inter drive. For an individual to really be successful they need to know the field they are trying to successes. This comes with time and experience in that particular field. As with Jim his first attempt with owning a business was after being
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Economists have identified four main causes of market failure: The abuse of market power‚ which can occur whenever a single buyer or seller can exert significant influence over prices or output. Externalities- when the market does not take into account the impact of an economic activity on outsiders. For example‚ the market may ignore the costs imposed on outsiders by a firm polluting the environment. Public goods such as national defence. How much defence would be provided if it were
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Calculating correlation values for categorical data In order to find the correlation values for the fields in our data set‚ The Pearson Correlation Coefficient was used. This requires that the data in both fields be quantitative. But what if we were looking to calculate the correlation on two given fields that were say‚ numerical and categorical‚ or even both categorical. The Point Biserial coefficient is a special case of The Pearson Correlation Coefficient; it is a branch of PCC although they
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View the Causation and Correlation Presentation. Compare and contrast causation and correlation in a 200- to 300-word post. Explain whether each of the following may be classified as a causation or correlation. Justify your reasoning. Identify any possible lurking variables that may be present. Wealthy people are thin. This is an example of correlation. It is a case where people associate being wealthy with having more healthy habbits. In my opinion it is just conjecture and personal opinion
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