Case Study-Transamerica Oil Corporation v. Lynes Incorporated I. Procedural History Transamerica Oil Corporation‚ who conducts oil and gas drilling‚ solicited Lynes Incorporated about their advertisement regarding an injection packer and decided to purchase several of them only to determine that they did not function as advertised. Plaintiff decided to file suit‚ under the Kansas Uniform Commercial Code (UCC)‚ the plaintiff’s claim that there was a breach of an express warranty by the defendant
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Introduction: Statement of problem: AppolloIspat Complex Limited incorporated the incorrect financial statements for the year ended on June 30‚ 2011 with the Prospectus‚ which do not give a true and fair view of the state of the company’s affairs. For this unfair practice AppolloIspat Complex Limited and ICB Capital Management Limited have been punished. Objectives of study: This report is based on study purpose and the objective of the report is to gather knowledge about
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6. TREATMENT METHODS Screening‚ grit removal‚ flow equalization‚ sedimentation‚ or dissolved air flotation are used to reduce suspended solids (SS) load from sugar industry wastewater. Biological treatment includes aerobic and anaerobic process. Except biological methods‚ physico-chemical methods are also used for sugar industry wastewater treatment. 6.1 Biological methods Since‚ sugar industry wastewater contains mostly sugars and volatile fatty acids‚ which are easily biodegradable‚ therefore all
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Abnormally High Audit Fees Impair Audit Quality? Jong-Hag Choi‚ Jeong-Bon Kim‚ and Yoonseok Zang SUMMARY: This study examines whether and how audit quality proxied by the magnitude of absolute discretionary accruals is associated with abnormal audit fees‚ that is‚ the difference between actual audit fee and the expected‚ normal level of audit fee. The results of various regressions reveal that the association between the two is asymmetric‚ depending on the sign of the abnormal audit fee. For observations
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Group Brand Audit Project Your group assignment is to pick a brand from the list of brands(attached) and conduct a thorough brand audit. Each group must study and analyze a different brand. Brands will be assigned on a "first come‚ first serve" basis. Post your group’s choice of brand and gp number on the “questions for Prof/TA” board so that everyone can see your group’s choice. This way‚ the other gps will know which brands are already taken on a first come first serve basis. Once your
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Sustainable use of energy- A case study on Energy Audit for Centre for Environmental Studies‚ Anna University (V. Vandhana Devi*) Abstract Climate Change & Global warming‚ ever increasing energy prices‚ acute energy shortage‚ forever widening and supply gap‚ hence energy efficiency and conservation measures have gained importance in the recent years. This paper involved an energy auditing with a view to enhance the existing energy efficiency level in the Centre for Environmental Studies
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ASSERTION -Audit assertion are those charged with governance of an entity are responsible for ensuring the financial report gives true and fair view of entity and the operation of its. -Management make assertions abt each account and related disclosures in the notes. -Assertion statement made by management regarding the recognition‚ measurement‚ presentation and disclosure of items include in the financial report. auditor use assertion for transaction‚ account balance and presentation and disclosure
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Audit & Investigation AQ002-3.5-2-AINV-T 15-Jun-12 WASEED AHMED LECTURER: MR. MEGAT ABDULLAH MEGAT MAHMUD Table of Contents Different roles of internal and external auditors. 4 Internal auditors: 4 External auditors: 4 Identify the benefits in forming an audit committee. 6 Evaluate the strengths and weaknesses of MPL’s control environment: 7 Control Environment: 7 a. Integrity and Ethical Values:
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influence (if any) over the audit of Smackey Dog Foods‚ Inc. Smackey Dog Foods‚ Inc. is not a publicly traded company‚ but the SEC has a direct influence on their audit. Keller CPA’s will need to follow the generally accepted auditing standards put forth by the SEC. Keller CPAs need to remain independent of the client and stay free of conflicts of interest when performing their audit responsibilities. Q2. Discuss the essential activities involved in the initial planning of an audit. How do these all specifically
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FOOD WASTE Fresh vegetables‚ ready-to-cook meals‚ and cheap meat is what a modern consumer’s supposed grocery list comprises of! Dump it all into your fridge full of deals‚ discount offers and feel happy. This is how the shop keeper gets a loyal customer. At the end o the story‚ it’s the food industry’s creed that the customer is always right….. If food became it s own pungent country‚ it would be the world’s third biggest contributor to climatic changes. According to United Nations Food and Agriculture
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