ACCY 303 Class‚ AE5 From: Man Fun Daniel Yeung‚ Seung Kim‚ Young Jae Lee‚ Max Kirsch Date: Oct. 18‚ 2010 Re: Financial Reporting Problems at Molex‚ Inc. INTRODUCTION This report discusses Molex‚ Inc.’s conflicts with its auditor‚ Deloitte and Touche‚ over a reporting issue in 2004. The report explains the details of the firm’s issue while also addressing the intentions behind Molex’s decisions‚ Deloitte’s concerns‚ and the resolutions for the conflict. MOLEX’S PROBLEMS In mid-July
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Generation why? Attracting the bankers of the future The Deloitte Talent in Banking Survey 2013 Contents Foreword 1 Executive summary 2 Introduction and methodology 3 Weathering the storm: The popularity of working in banking 4 What tomorrow’s bankers want: Learning and earning 6 Worth waiting for: Banking-oriented students’ career goals 10 Room to improve: What banking-oriented students don’t expect from a job in banking 12 A local
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the stock of the company fell by 40 percent. Parmalat claimed USD5 billion with Cayman Island but it did not exist. It is announced by Bank of America. Parmalat force to concede the claim of missed payment to bondholders from the company auditors‚ Deloitte & Touche. Parmalat began to invest more of their operation and also selling the company to American citizen with Italian surnames. It’s have been falsified in parmalat’s account for over a decade at least $600 million from the publicly traded company
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Nazeeha Badran October 30‚2012 PTL Club clear-The Harbinger of things to come? 1. What similar factors led to the demise of both Laventhol &Horwath‚ and Anderson? Both Laventhol and Horwath‚ and Arthur Anderson accepted clients that were risky just to keep their revenues up. L&H knew there were things wrong with PTL‚ especially since they were doing things that were hidden from the Board‚ like the payroll account book‚ which was secret. The Bakker’s would call the senior L&H
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Complimentary article reprint Post Merger integration: Hard Data‚ Hard Truths By johanneS gerdS and freddy Strottmann with PakShalika jayaPrakaSh > illuStration By VinCe mCindoe This publication contains general information only‚ and none of Deloitte Touche Tohmatsu‚ its member firms‚ or its and their affiliates are‚ by means of this publication‚ rendering accounting‚ business‚ financial‚ investment‚ legal‚ tax‚ or other professional advice or services. This publication is not a substitute for
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question we will review at the end of this paper and you may draw your own conclusions based on the evidence presented. The Big 5 audit organizations include the following: KPMG (KlynveldPeteMarwickGoerdeler) PriceWaterhouseCoopers Ernst& Young LLP Deloitte & Touche GAO (U.S. Government Accountability Office) In 2006 in its last year-end media advisory‚ the GAO plainly states that “For the ninth straight year‚ the U.S. Government Accountability Office (GAO) is unable
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Pepsico’s claims of achieving "positive water balance" simply do not add up. The India Resource Center approached Pepsico in 2010 to question them on how it accounted for its claim of "positive water balance." We were provided with an audit conducted by Deloitte Touche Tohmatsu India Private Limited‚ a firm that provides "audit‚ consulting‚ financial advisory‚ risk management‚ and tax services to selected clients." The audit was based on 2009 figures provided primarily by Pepsico‚ and the audit was released
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Describe what you believe is implied by the term “engagement risk.” What are the key factors likely considered by Deloitte and other audit firms when assessing engagement risk? How‚ if at all‚ are auditors’ professional responsibilities affected when a client proposes a higher than normal degree of engagement risk? I believe that the term “engagement risk” implies that inherent client-specific risks face an auditor throughout the course of an audit‚ thus creating a risk that the auditor will be
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Adelphia Communications Scandal Adelphia Communications was the nation’s 6th largest cable company and became yet another corporation involved in a scandal that resulted in their downfall. Adelphia’s services included high speed cable internet service‚ cable TV service‚ and long distance phone service. Adelphia had more than five million subscribers to these services. The scandal consisted of the Rigas family‚ the family that founded the company‚ and two other executives fraudulently excluding over
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factors that could affect employees’ work life balance in one of the Big Four accounting firms – Deloitte Macau. Both questionnaire surveys (n=31) and interviews (across two management level) have been conducted and reveal convergent outcomes. Recommendations have been provided to further improve the work-life balance in Deloitte Macau. Table of Contents Introduction 5 Introduction of Deloitte Macau 5 Definition of Work-life balance 6 Focus among the different definition of work-life balance
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