AUDIT FAILURE OF WORLDCOM Group 1 Background • WorldCom‚ first named LDDS (Long Distance Discount Services)‚ grew largely by aggressively acquiring other telecommunications companies in 1990s. • For a time‚ it was the United State’s second largest long distance phone company (after AT&T). Background However‚ the year 2002 comes… • In March‚ the SEC began to investigate WorldCom as it reported large profit while AT&T reported loss. • In May‚ Arthur Anderson was replaced by KPMG
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Crazy is defined as mentally unbalanced or insane. Emily is definitely crazy. Necrophilia or not‚ she is considered crazy either way. Although‚ the crazy focused here is the one that does not concern necrophilia. This focuses more on how she is trying to grasp some things she cannot have‚ and also having to kill just to have it. Some may say she is normal‚ but I say otherwise. The first time I realized she was crazy was at her father’s death. When her father passed away‚ she did not mourn for his
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The Crazy Family Many people have crazy families. No one really knows how your family is until they live a couple days in your shoes. I definitely have a crazy family‚ on both sides‚ that I dearly love. A person could learn a lot about crazy families‚ after reading short stories such as "The Long Hot Summer"‚ "Barn Burning"‚ "Gilded Six Bits"‚ and "Fiesta." I can relate with most of these stories in a certain way‚ wether it be corny or real. My dad’s side of the family is crazy! He has
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Movements of Personnel Training- according to the Labor Code of the Philippines‚ is the systematic development of the attitude‚ knowledge‚ behavior patterns for the adequate performance of a given job or task. Identifying Training Needs Common types of Training 1. 2. On-the-Job Training and Job Rotation 3. Vestibule Training 4. Apprenticeship Training 5. Classroom Training 6. Programming Instruction 7. Management Development Program Human Asset Accounting Human
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possibilities due to every user connected each other via modems using power lines. AMR is a technique to facilitate remote readings energy consumption. Improving the electrical power supply to households as a big issue. The government has set a specific goal to raise the distribution rate of electrical power supply‚ which is now around 70% to 80% to 100%. Power companies are plagued by power theft. PLC will play an important role in placing anti-theft power system. Illegal electricity may
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case of Goodner Brothers‚ Inc. ‚ the six key control weakness were no proper segregation of duties‚ no proper procedure on recording documents‚ lacking monitoring on performance review‚ low gross profit margin than benchmark‚ no control on accessing to the accounting system and inventory storage and too depends on the honesty of the employees. Woody Robinson know very well that the company have these weaknesses that give him the chances to enter the hole to start the fraud activities. Firstly‚ there
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AUDIT EXPECTATIONS GAP Definition i) Liggio (1974a) defines it as the difference between the levels of expected performance as envisioned by the independent accountant and by the user of financial statements. The Cohen Commission (1978) on auditors’ responsibility extended this definition by considering whether a gap may exist between what the public expects or needs and what auditors can and should reasonably expect to accomplish. ii) According to Guy and Sullivan (1988)‚ there is a
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Audit of the Inventory and Warehousing Cycle Chapter 21 ©2008 Prentice Hall Business Publishing‚ Auditing 12/e‚ Arens/Beasley/Elder 21 - 1 Learning Objective 1 Describe the business functions and the related documents and records in the inventory and warehousing cycle. ©2008 Prentice Hall Business Publishing‚ Auditing 12/e‚ Arens/Beasley/Elder 21 - 2 Flow of Inventory and Costs Raw Materials Beginning Raw inventory materials used Purchases Ending inventory Direct Labor Actual
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Claim: If you have the courage to be who you are‚ then you deserve to walk with pride and confidence. Supporting Evidence: “And what it was‚ I think‚ was his perfect dignity‚ the offering of his living‚ red rose to the perceptive‚ to the blind‚ to the amused‚ to the impressed‚ to those who would kill him‚ and to those who would love him.” The appeal‚ logos‚ was used here to explain Villanueva’s. Even to those who could not understand what he was doing dressed as a woman‚ could see his dignity
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Rhode Island College Digital Commons @ RIC Faculty Publications Faculty Books and Publications 7-1-2000 The Social Work Ethics Audit: A RiskManagement Strategy Frederic G. Reamer Rhode Island College‚ freamer@ric.edu Recommended Citation Reamer‚ Frederic G.‚ "The Social Work Ethics Audit: A Risk-Management Strategy" (2000). Faculty Publications. Paper 173. http://digitalcommons.ric.edu/facultypublications/173 This Article is brought to you for free and open access by the Faculty
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