Auditing Theory and Practice Case 1 WorldCom: A Focus on Professional Responsibility Prepared by: EL Ahmadi Med Reda Worked With: Ibtihal Slassi Fall 2013 1- Auditor independence refers to the disinterest from the internal and external parties that could influence the professional judgment of an auditor. In other words‚ auditor independence is the lack of any interest that may create a threat or a risk of material bias regarding the reliability of the financial statement
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Corporate Scandal I. Olympus Updated: April 20‚ 2012 Olympus Corporation‚ founded in 1919‚ is a manufacturer of digital cameras and electronic equipment. Based in Tokyo‚ the multibillion-dollar company has operations worldwide. In mid-October 2011‚ Olympus was rocked by scandal when its former chief executive and president‚ Michael C. Woodford‚ who is British‚ was suddenly fired. The company’s chairman‚ Tsuyoshi Kikukawa‚ blamed a culture clash‚ but Mr. Woodford‚ a 30-year Olympus employee‚
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Case Analysis Ikon’s Attempt at ERP A. COMPANY BACKGROUND Ikon Office Solutions is one of the world’s leading office technology companies‚ with revenues exceeding $5 billion and operations in the US‚ Canada‚ Mexico‚ UK‚ France‚ Germany and Denmark. B. GROWTH STRATEGY‚ GOALS AND OBJECTIVES AND ACTION PLANS TO ACHIEVE THESE OBJECTIVES I. Growth Strategy Ikon is pursuing a growth strategy to move from what what more that 80 individually operating copier dealers to an integrated company
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Princesses Hans Christian Andersen In 1843 Hans Christian Andersen published a literary tale he titled “The Ugly Duckling.” Already an accomplished storyteller‚ Andersen used his own life as a template; the story of the duckling who eventually becomes a swan mirrors Andersen’s own rise from working class plebe to celebrated author and poet‚ and while the journey of the duckling also resembles the blossoming of Perrault’s Cinderella‚ the bildungsroman tale that Andersen created is completely his
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standards generally require little judgment; you obey or incur a penalty‚ and the code provides a fairly clear set of expectations about which actions are required‚ acceptable or prohibited. Critically discuss the role Arthur Andersen in the ENRON scandal Arthur Andersen was Enron’s main accounting firm. It was responsible for auditing at the firm and for verifying that Enron’s financial
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Study Assignment and Presentation Resource: Case 4.1: Enron Corporation and Andersen‚ LLP: Analyzing the Fall of Two Giants in Auditing Cases Complete the questions at the end of the case. Prepare a 150- to 350-word response to the following questions: · What are the principles of the AICPA Code of Professional Conduct? · What part(s) of the AICPA Code of Conduct was violated by Andersen? By any Enron employee who was a CPA? Prepare 12-15 Microsoft® PowerPoint® slides
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in Mildred D. Taylor’s short story “Song of the Trees” is Cassie Logan who lives on Logan land in Mississippi during the Great Depression. The problem this character faces is that her family is being racially discriminated by a white man named Mr. Andersen. He threatens to chop down trees on the Logan land that have sentimental value to Cassie and the family. During the course of the story‚ Cassie must fight for her family‚ land‚ and dignity. Since Cassie loves her family and pictures the trees like
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Anderson Auditors and Enron: What happened to their Texas CPA licenses? Daniel Edelman Texas A&M University-Commerce Ashley Nicholson Texas A&M University-Commerce ABSTRACT This article examines Arthur Andersen‚ its role with Enron‚ and what happened to some of its key players. The demise of Arthur Andersen and Enron was significant. Thousands of people lost their jobs and investments. As a result‚ new laws for publicly traded companies and auditing firms followed. Auditing firms and Certified Public
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ACCT 3596: Auditing Just For FEET‚ Inc. Case Analysis: Case 1.2 #1-3‚ 5 Beka Vinogradov Seat #1 2011 1 Beka Vinogradov ACCT 3596: Case Analysis #1. Common-Sized Balance Sheets. Just for FEET‚ Inc. Balance Sheet Years ending Jan 31st 1997 18.40% 0.00% 3.53% 45.97% 1.50% 69.40% 21.08% 8.05% 1.46% 100.00% 20.22% 11.41% 2.07% 0.30% 0.72% 34.73% 5.48% 40.21% 0.00% 48.76% 11.03% 59.79% 1996 Current Assets: Cash & Equivalents Marketable Securities AFS Accounts Receivable Inventory Other
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Accounting in the Real World Rachel Benowitz Northampton Community College Abstract This essay explores today’s accounting world and how to get there. When becoming an accountant education seems to be the key factor in preparing you for all the exams you will be taking to achieve your licensing along with personal experience on the job. After years of schooling‚ experience‚ and finally getting your license‚ you may enter the world of accounting and be a responsible accountant. You could work
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