most important and be prepared to defend your rankings. Briefly explain whether or not you believe that the Deloitte auditors responded appropriately to the five critical audit risk factors that you identified. 5) Put yourself in the position of Thomas Shine in this case. How would you have responded when Don-Allen Ruttenberg asked you to send a false confirmation to Deloitte & Touche? Before responding‚ identify the parties who will be affected by your decision. Based on Case Study1.2 Just
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Journal of Finance and Accounting ISSN 2222-1697 (Paper) ISSN 2222-2847 (Online) Vol 3‚ No 9‚ 2012 searchwww.iiste.org The Role‚ Compromise and Problems of the External Auditor in Corporate Governance* James O. Alabede Department of Accounting‚ Federal Polytechnic Bauchi‚ Nigeria‚ E mail: joalabede@yahoo.com Abstract This study reflects on the role‚ compromise and problems of the external auditor in the corporate governance with particular reference to the UK. The external auditor is an independent
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CHAPTER 12 ACCOUNTING FOR PARTNERSHIPS AND LIMITED LIABILITY COMPANIES DISCUSSION QUESTIONS 1. a. Proprietorship: Ease of formation and nontaxable entity. b. Partnership: Expanded owner expertise and capital‚ nontaxable entity‚ and moderate complexity of formation. c. Limited liability company: Limited liability to owners‚ expanded access to capital‚ nontaxable entity‚ and moderate complexity of formation. 2. The disadvantages of a partnership are that its life is limited
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Consolidated Balance Sheets. c) You can determine that the accounting principles that P&G used were consistent with the last year due to that P&G had used that same accounting firm Deloitte & Touche LLP for the last three years. P&G had already put in place an Audit Committee to provide oversight to the board. Deloitte & Touche followed all guidelines from generally accepted accounting principles (GAAP) in the United States of America. Also‚ management had in place internal control over financial reporting
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phone products‚ computing‚ entertainment products‚ appliances and related services. They operate retail stores and call centers that are very successful. This report analyzes their financial statements Best Buy is audited by Deloitte & Touche. Deloitte & Touche believe that Best Buy is in good stands with their financial statement. It is very informative and expresses well the company’s fiscal year. On November 2‚ 2011‚ the board of directors approved the change of the fiscal year-end
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Contemporary Developments in Business and Management- Deliotte Touche Tohmatsu’- DTT Executive Summary ‘Deliotte Touche Tohmatsu’- DTT‚ is a blue-chip company providing Audit‚ Consulting‚ Financial Advisory‚ Risk Management‚ and Tax services. DTT has its global member companies operating in assorted markets following specified regulatory and regional obligations of the country of their operation. However‚ the company only facilitates its member firms in providing the stated services‚ and doesn’t
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Business Process Reengineering dr Jerzy Surma Kolegium Nauk o Przedsiębiorstwie Szkoła Główna Handlowa w Warszawie e-mail: jerzy.surma@gmai.com MBA 731: Business Systems Analysis and Design Minder Chen‚ Ph.D. School of Management George Mason University (O) 703-993-1788 (F) 703-993-1809 E-Mail: mchen@gmu.edu Web Site: http://gunston.doit.gmu.edu/ecommerce/MIS731/ Process BPR Introduction‚ Examples‚ & Principles Introduction to BPR – Problems – BPR Definition – Process Definition‚ Dimensions
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Stock Exchange. It was the eighth largest industrial group and contributed to 0.8% of the country’s GDP. Around 36000 workers and 6000 dairy farms depended on Parmalat. The company had to change its external auditor from Grant Thornton to DeLoitte and Touche in 1999 as Italian law states that changes in audit firms has to occur every nine years though the previous auditor can be consulted for concerns related to the firm. This was the main reason the scandal came to light. In 2003‚ the firm tried
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of the Opera‚ Ragtime‚ and Sunset Boulevard‚ was sold in 1998 to buyers that found the value the paid for the company was an illusion. Livent’s chief financial officer‚ Maria Messina‚ who joined Livent in 1996 after serving as its auditor at Deloitte & Touche‚ had been immersed in what the Securities & Exchange Commission (SEC) charges was a “multifaceted and pervasive accounting fraud” (“At Livent‚” 1999). By using special software to carry out accounting manipulations‚ the top executives at Livent
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ACC 5470 Speech Outline: Why the United States should continue using US GAAP and not adopt IFRS I. The adoption of IFRS is unlikely to have any major impact on reporting quality. a) U.S. firms currently optimize their reporting strategies‚ therefore they are expected to resist changes that are not in their interest by using the flexibility inherent in the standards. b) It is also unlikely to lower the reporting quality‚ as firms can always go beyond the required disclosures
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