ACCT 805AE Case 4 Ocean Manufacturing‚ Inc The Osprey Group Feb 21‚ 2011 Q1. The client acceptance process can be quite complex. Identify five procedures an auditor should perform in determining whether to accept a client. Which of these five are required by auditing standards? First they should gather and examine all available financial information‚ such as tax returns‚ annual reports‚ the balance sheet‚ and income statement. This should be done so that the audit firm can do a quick initial
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The Ocean Specific Purpose: To inform my audience about the ocean and the benefits the ocean has on us. Central Idea: We have not discovered a majority of the ocean and I wanted to share why we have not done that. To inform that the ocean is very valuable and that we need to spend more time on really discovering what is down there. Introduction I. The ocean covers more than 70% of the planet’s surface. II. 95% percent remains unexplored‚ and unseen by the human eye. III. Over one million
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Ocean Acidification and its Effects on Marine Butterflies and Coral Reefs For millions of years‚ Earth’s oceans have maintained a relatively stable acidity level. Research shows that a recent and rapid drop in surface pH that could have devastating global consequences through the unbalance the ocean’s acidity. Since the beginning of the industrial revolution in the early 1800s‚ fossil fuel-powered machines have created a burst of industry and machines. The consequence of this industrial revolution
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independent outside directors. 5. Communicate with the predecessor auditor in accordance with the provisions of Statement on Auditing Standards (SAS) No. 84 [AU315]. Inquiries should be directed to the integrity of management and the reasons for the change in auditor. The following situations should be carefully considered in assessing whether to accept a client: o There has been a disagreement with the previous auditor over accounting principles or practices; financial statement disclosures; auditing
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Part 1: 1. Describe four factors that influence ocean currents. There are many factors that influence ocean currents‚ four of the factors would be planet rotation‚ wind‚ density of water‚ and gravitation. Planet rotation causes the currents to move clockwise in the northern hemisphere and counter clockwise in the southern hemisphere. Wind blows on the surface of the ocean therefore pushing the water in the direction of the wind. Different densities in the water can cause currents to form and move
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Blue Ocean Strategy How to Create Uncontested Market Space and Make the Competition Irrelevant http://www.blueoceanstrategy.com/ W. Chan Kim Renee Mauborgne Chapter One: The blue ocean strategy is best illustrated by the performance of Cirque du Soleil. Created in 1984 by a group of street performers‚ Cirque productions have been seen by almost 40 million people in 90 cities around the world. In less than 20 years‚ Cirque du Soleil has achieved revenue levels that took Ringling and Barnham
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portray the ocean as both the mother and the child; the protector and the protected. The role she places of the mother figure serves as a reminder of how the ocean has nurtured and helped us. Through the seafood we consume‚ the waters in which we use to travel‚ medicine from marine plants and animals‚ and the recreational uses of sports and leisure‚ the ocean has provided humanity with substance and enjoyment for thousands of years. Jetnil-Kijiner draws attention to the provisions the ocean allots to
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Assignment 1: Ocean Carriers Refer to the HBS case “Ocean Carriers” and answer the questions below. Each student must turn in a hardcopy of her/his solution and answers in class at the start of the week-4 lecture. She/he must also up-load a softcopy of her/his solution spreadsheet on LMES by then‚ too. Note: You should complete the related textbook chapters (RWJJ Chapters 7 & 8) before attempting this case. In particular‚ you need to study the Baldwin Case first (Chapter 8.2 + material on LMES)
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Guide for Case Analyses “Ocean Carriers” Objectives of case: The key objective is to develop an understanding of how discounted cash flow analysis can be used to make investment and corporate policy decisions. 1. Determine the value and net present value of a real assets; 2. Distinguishing between book value and market value; 3. Identifying and forecasting incremental expected cash flows‚ including initial and ongoing capital expenditures‚ investment in net working capital‚
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An Ocean Habitat or sometimes refer to as a marine environment is a place in the ocean where plants and animals interact with the chemical and physical features of the environment. An Ocean habitat is a place where communities of organisms live. The three main ocean habitats of the ocean are the open water‚ the soft sandy to muddy bottom and the hard shore. Examples of ocean habitats are the coral reefs‚ the estuaries and the abyssal zone. Habitats can be classified in a number of ways in order
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