assessment of the likelihood that there are material misstatements in account balance before considering the effectiveness of internal control. If the auditor concludes that there is a high likelihood of material misstatement in A/R due to changing of economic conditions‚ the auditor concludes that inherent risk for A/R is high. Planning an Audit and Designing an Audit Approach I. Accept Client and Perform Initial Audit Planning a. The auditor decide whether to accept a new client or continue serving an
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the experience of his father’s death had paralyzed him physically and emotionally. Nothing could touch him‚ he said. He even stopped thinking about his father. Elie did nothing all day long; the only thing he wished to do was to eat. That is just what he and his fellow prisoners did when their liberators finally
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MEANING OF AUDITING The word ‘Audit’ is originated from the Latin word ’Audire’ which means ’to hear’. In the earlier days‚ whenever there is suspected fraud in a business organization‚ the owner of the business would appoint a person to check the accounts and hear the explanations given by the person responsible for keeping the account and funds. In those days‚ the audit is done to find out whether the payments and receipt are properly accounted or not. The objective of modern day accounting
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strategies that Nike has created in tandem with the Football World Cup. The report examines the performance of Nike in relation with the Football World Cup and also tried to find out whether there were any alternatives to get an even better result. In this report I also compared Nike with its closest competitor‚ Adidas and evaluated the critical differences between these two organizations based on the marketing strategies that they have adopted to become successful. 1. Introduction Nike is the leading
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reason why I would rather like to live in Sparta because they had an excellent military. Every man had to work in the military. Sparta’s military was very powerful‚ unlike Athens. The military soldier was the key occupation. Sparta’s city was very well protected and safer thanks to the military. Sparta’s army is the most
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Contents Page Executive Summary 2 Nike Inc. 2 Footwear Industry 3 Analyzing a Footwear Company.................................................................3 Trends in the Footwear Industry…………………………………………4 Nike’s Strategic Enablers in Gaining Competitive Advantage 4 Marketing & Promotion…………………………………………………...4 Production & Distribution………………………………………………...5 R&D………………………………………………………………………...5 Acquisition Strategy………………………………………………………..5
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NIKE – INTRODUCTION : Nike‚ Inc. is a major publicly traded sportswear and equipment supplier based in the United States. The company is headquartered in the Portland metropolitan area of Oregon‚ near Beaverton. It is the world ’s leading supplier of athletic shoes and apparel and a major manufacturer of sports equipment with revenue in excess of $16 billion USD in 2007. As of 2008‚ it employed over 30‚000 people world-wide. Nike and Precision Castparts are the only Fortune 500 companies headquartered
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Strengths Weaknesses Nike has a strong global brand which everyone will know by its logo. The logo itself needs to be presented without the name and everyone will know what it is‚ that is how powerful the brand is. Some companies require their names to be present but in this case that is not true. This is garnered a long term customer loyalty base where the products are synonymous with high quality clothing and fitness trainers. The power of the brand is also evident in the fact that Nike has well known
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focused on the severity of the electric shock that a person would be willing to administer to another person based on the directions that were given by an authority figure (Milgram‚ 1965). The researchers who were apart of this study expected anyone who participated would go beyond 150 volts shock point. The “victim” stated they no longer wanted to participate in the experiment. In 1965‚ Milgram reported that this study had a high level of obedience. Milgram (1965)‚ stated that regardless of the
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92When audit risk is at an appropriately low level 83The possibility that the auditors may unknowingly fail to appropriately modify their opinion on financial statements that are materially misstated 49Investigate the identities and reputations of the client’s directors‚ officers‚ and major stockholders 51The reputation of management 81The company’s financial strength and credit rating. 85Make inquiries of the client’s banker‚ legal counsel‚ and predecessor auditor. 26Determine that independence
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