Case #4 Jiawei Qi Principle of audit and control (43010) Professor Ben Hoffman February 23‚ 2015 TO: Charles ward‚ CPA Partner FROM: Jiawei Qi DATE: February 23‚ 2016 SUBJECT: Assess control risk and plan tests of controls and substantive tests of transactions Introduction: The purpose of the memo is to communicate to you the outcome of the company’s control risk‚ the test of controls and substantive tests of transactions. General procedure: First‚ we assess the
Premium Auditing Internal audit Internal control
Case 4: Aaron Jones‚ CPA‚ is auditing the current year’s financial statements of Low Company‚ a publicly traded company. Aaron notices some major fluctuations in Low’s fourth quarter of the previous year’s financial statement balances. He is aware that security holders of publicly traded company stock that does not separately report fourth quarter results often “impute” such results by subtracting data based on third quarter interim balances from the year-end balances. Thus‚ companies should report
Premium Auditing Public company Finance
IT/240 XYZ Computers When it comes to the company XYZ Computers the disaster recovery plan needs to incorporate a lot of different questions that have to be answered before you can implement whatever they want achieved. The main questions that are brought up when assessing any question is‚”How do we fix this? What are the costs associated with the plan presented?” Another question that should be asked but often isn’t‚ is “Can we anticipate this problem to help block it before it happens?” From
Premium
School was that markets work and governments don’t. Ludwig von Mises believed that markets needed to be free from government meddling. He thought the new soviet socialist economy would not work because the government controlled the wages and prices. He thought communism wouldn’t work because it doesn’t have a functioning price system. 4. What are the “commanding
Premium John Maynard Keynes Great Depression
ACC 640: Advanced Auditing Dr. Owhoso Case 4: Waste Management Due: 09/23/14 Summary: Waste Management‚ Inc. was an international provider of waste management services. What once started as a family-owned trash collection business in 1894 grew to be a leading company in the 1990s. The company had diversified into several waste-related ventures‚ including trash pick up for individuals‚ businesses‚ and municipalities‚ as well as recycling‚ methane gas removal
Premium Depreciation Waste collection Enron
Team C Week 4 Summary David Ramirez‚ Kelvin Hemmingway‚ Chad Etzler ACC/291 August 26‚ 2013 Ins: James Covert Introduction As we advanced through week 4 of Principles of Accounting II‚ so far‚ we have absorbed ourselves with a litany of accountancy material. Week 4 continued with variety of content that contained: identifying kinds of shares issued by companies‚ computing shares‚ dividends‚ and stock splits‚ and documenting treasury stock deals. Also discussed in text and throughout discussion
Premium Cash flow statement Corporate finance Dividend
Week 4 of Intercultural Communication has given me the opportunity of presenting and discussion facilitator of the topic “Connected but‚ alone?” The assignment was to lead a discussion on a topic throughout the week‚ which means acknowledging and following up with your classmates’ posts‚ asking clarifying questions‚ and summarizing the discussion for the week. The topic is based on a Ted Talk hosted by Sherry Turkle giving her perspective on modern communication and how they are redefining
Premium Psychology Learning Education
Questions for Jet Blue Case (Case #4) 1. Research on the history of Jet Blue (operational and performance highlights/lowlights/milestones from 2000 to present) a. Identify the “strategic service vision“ of Jet Blue‚ i.e.‚ target market‚ service concept‚ operating strategy‚ and service delivery system. Did their operating strategy and delivery system support the needs of their target market? b. From the research facts‚ did the owners/management of Jet Blue strictly adhere to their strategic service
Premium Southwest Airlines Airline Low-cost carrier
1. Which of the six reasons that control is needed are apparent in this case? Explain. • Complexity of effective delivery is needed to successfully achieve the company’s goal of providing customers with the best delivery services (Kinicki & Williams‚ 2016‚ pg. 513). UPS needs to reduce the complexity of the services to reduce the risk of unexpected failures‚ such as weather changes. In addition to that‚ with the growth of the company also comes with the expansion of the level of production and product
Premium Process control Management Control system
Week Four Student Guide Although Information systems allow us to gather unprecedented amounts of data‚ implementing them can be a daunting task. This week you are shown the various phases of the systems development life cycle. You will use presentation tools to communicate the business objectives of information systems to managers. Systems Development Life Cycle and Presentation Tools OBJECTIVE: Describe the systems development life cycle. Resources: Ch. 12 & Technology Guide 4 of Introduction
Premium Systems Development Life Cycle Computer network Rapid application development