Case study PTL Club-The Harbinger of Things to Come? 1) To see how similar the cause of collapse of both Laventhol & Horwath and Andersen‚ let’s examine these two cases from two perspectives. a. From the clients’ side The last straw which led to the demise of these two CPA firm were PTL club to L&H and Enron to Anderson. PTL Club had a very weak internal control. As it is pointed out in the case‚ whenever Jim Bakker needed money‚ he could just simply make a board member introduce
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ABRAHAM‚ FLORENCE A. M.SC. Accounting B. I. U.‚ BENIN CITY. NIGERIA. January 2011 Abstract: This paper focuses on the directors’ and accountant’s behaviour and their contribution to Parmalat’s fraud. It will also address how these gaps might be filled‚ and meanwhile propose some "solutions." First‚ we offer a brief description of Parmalat’s group and of the events which forced the company to reveal its financial status. This will help to highlight a number of violations carried
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International Paper Company Analysis Company Performance Summary High Performance The company shows consistent revenue growth over the past 3 years despite being in a declining industry. The company has made acquisitions in the past year with the thought of expansion. Long Term Focused Company has demonstrated forward thinking by acquiring a company to aid in its expansion. Revenue has a consistent growth rate over the past 3 years. Company Overview Founded in 1898 International Company
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Yeouido-Dong‚ Yeongdeungpo-Gu Seoul‚ 150721 Korea‚ Republic of Tel: Fax: 82-2-37771114 82-2-37732292 Employees: Company Type: Corporate Family: Traded: Incorporation Date: Auditor: 92 Public Parent 212 Companies Korea Stock Exchange: 05-Jan-1947 Deloitte & Touche LLP Financials in: GBP (000) 003550 Fiscal Year End: 31-Dec-2011 Reporting Currency: South Korean Won Annual Sales: Net Income: Total Assets: Market Value: 5‚663‚995.1 1 550‚868.5 8‚468‚108.4 2 6‚527‚507.3 (25-Jan-2013) www.lgcorp.com
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seek to make himself relevant to his organisation by providing information that will make management take decisions that impact positively on their ability to achieve the organizational goals. However‚ according to research and surveys conducted by Deloitte & Touché (2004) and the Internal Audit Agency of Ghana (2006)‚ much of the work of Internal Audit has been very restrictive in terms of scope. This needs to be addressed if the required return on investment in the Internal Audit activity is to be attained
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American Fuel & Supply Company Inc. 1. A major focus of the lawsuit Chevron Chemical filed against Touche Ross was the auditing profession’s rules regarding the “subsequent discovery of facts existing at the date of the auditor’s report”. Those rules distinguish between situations in which a client cooperates with the auditor in making all necessary disclosures and situations involving uncooperative clients. Briefly summarize the differing responsibilities that auditors have in those two sets
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factors by Andersen This section deliberately touches on Andersen’s models describing the utilization of care from the perspectives that are believed to be relevant to the study topic. In the course of the continuous adaptation and revision of the model initially developed in late 1960s (Andersen 1968) to describe the patterns of health care use by families‚ their access to care and necessary policy changes‚ the latest version of it was presented in 1995 (Andersen 1995). With time‚ Andersen reports
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Success and Failures of ERP Implementation ABSTRACT This paper will discuss will discuss how to be successful and avoid failure when implementing an ERP system. I will define ERP‚ present the significant benefits of implementation‚ and identify the missteps (which may lead to failure)/steps to success in implementing an ERP system. THE ERP SYSTEM DEFINED Enterprise resource planning (ERP) is an enterprise-wide information system that integrates and controls all the business processes in
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Review of Three Business Analytical Articles Kevin Johnson Grand Canyon University: MGT-820-O101 Using Business Analytics for Competitive Advantage November 26‚ 2014 Introduction The intent of this paper is to provide doctoral learners an opportunity to analyze three articles of literature as it correlates to the principles of business analytics. This doctoral learner chose the following three articles to review: A New Business Dimension – Business Analytics by Pavel Năstase and Dragos Stoica
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Corporations in Australia have started adopting IFRS as its domestic financial reporting standards since 2005. Although AIFRS applied almost whole contents and wording of IFRS‚ owing to the different domestic legislative environment‚ some modifications were needed and included the removal of certain options permitted or wording changes under IFRS. The species of these differences that exist between IFRS and AIFRS can be universally sorted as follow: 1. Recognition differences. 2. Measurement
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