a public accounting firm was hired by Fred Stern & Co. to audit its record and to prepare and certify a balance sheet exhibiting Fred Stern financial health. Touche was aware that this balance sheet would be shown by Fred Stern to shareholders and banks for financial dealing. Touch certified greater assets than liabilities to be in excess of $1million of which in fact the business was actually insolvent and the statement prepared by Fred Stern was false. Fred Stern said nothing to Touche about the
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Week Five Case Studies Team D ACC 492 January 15‚ 2007 CASE 8.1 FRED STERN & COMPANY‚ INC. 1. Observers of the accounting profession suggest that many courts attempt to ¡§socialize¡¨ investment losses by extending auditors¡¦ liability to third-party financial statement users. Discuss the benefits and costs of such a policy to public accounting firms‚ audit clients‚ and third-party financial statement users‚ such as investors and creditors. In your view‚ should the courts have the authority
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Fiedler Contingency Model Defining the situation Fred E. Fiedler’s contingency theory of leadership effectiveness was based on studies of a wide range of group effectiveness‚ and concentrated on the relationship between leadership and organizational performance. This is one of the earliest situation-contingent leadership theories given by Fiedler. According to him‚ if an organization attempts to achieve group effectiveness through leadership‚ then there is a need to assess the leader according
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1- Introduction 4 1-1 Over View of Subway 4 1-2 Franchise in Subway 6 1-3 Subway Mission 6 1-4 Subway Core Value 6 2- Organization Structure 7 2-1 Shareholders 7 2-2 Management Team 7 2-3 Employees 7 3- Markweting Strategy 7 3-1 Target Market 8 3-2 Market Size 8 3-2 Market Growth 10
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A CRITIQUE OF FRED W. RIGGS’ ECOLOGY OF PUBLIC ADMINISTRATION Wen-shien Peng ABSTRACT Parsons once said that sociologists all critique Max Weber‚ but no one can do social research independently and scientifically without referring to Weber’s theories. By the same token‚ those who study comparative public administration will inevitably find reason to critique Fred W. Riggs’ “fused-prismatic-diffracted model”‚ but in conducting research‚ no one is free of Riggs’ influence. From the perspectives
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INTERNATIONAL JOURNAL OF SCHOLARLY‚ ACADEMIC‚ INTELLECTUAL DIVERSITY VOLUME 14‚ NUMBER 1‚ 2011 Organizational Structure: Mintzberg’s Framework Fred C. Lunenburg Sam Houston State University ABSTRACT Henry Mintzberg suggests that organizations can be differentiated along three basic dimensions: (1) the key part of the organization‚ that is‚ the part of the organization that plays the major role in determining its success or failure; (2) the prime coordinating mechanism‚ that is‚ the major
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An Air Traffic Control Tower (Photo by Fred Mabonga) In many countries the pilot in command of the flight is the final authority for the safe operation of the aircraft. The pilot may‚ in an emergency situation‚ deviate from ATC instructions to the extent required to deal with the situation. This is carried as the pilot’s best professional consideration in view of the current emergency situation. In some instances it could be a split second decision in order to save the situation for the safety
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years ago‚ before the Securities and Exchange Commission was established (it was not established until 1934)‚ the absence of strong regulatory system at a federal level to police the securities market aided financial frauds of all types. In this case‚ Fred Stern & Company‚ Inc.‚ a rubber importer‚ due to its business nature that required large amounts of working capital‚ in 1924‚ Stern requested a loan from Ultramares Corporation. Ultramares in order to approve the load to Stern‚ required the audited
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Case 8 | Fred Bailey: An Innocent Abroad | Individual Case | | | | Table of Contents 1. EXECUTIVE SUMMARY 3 2. PROBLEM STATEMENT 3 3. ALTERNATIVES 4 3.1. Premature Termination of the Contract and Return Home 4 3.2. Cross-Cultural and Language Training 4 3.3. Home Buddy Support System 5 3.4. Local Mentor Support and Expatriate Gatherings 6 3.5. Generous Compensation 7 4. CONCLUSION 7 5. IMPLEMENTATION 8 5.1. Short-Term: Alternatives 2 & 3 8
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Lagniappe Fine Candies Since 1900 12 Bristol Pike Knoxville‚ TN 37912 April 12‚ 1999 Mrs. Lauren Alana Frazier Purchasing Manager Village Supermarkets Executive Offices 189 Barnaby Cove Boulevard Drakeville‚ NC 28408 Dear Mrs. Frazier: Since 1900 Lagniappe has been known for fine candies‚ appealing to the buyer of luxury and gift items. Now we are ready to market a new product line‚ and we think you will be as excited about it as we are! Beginning in time for this year’s
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