Practical Training Report Program: Bachelor in Accountancy (Hons) My practical training started on 2nd of June 2008 and it was in one of the big four audit firm which is Klynveld‚ Peat Marwick and Goerdeler or also known as KPMG. It is situated in Bandar Utama‚ Damanasara. I’m not the only one that did my practical there. There are 120 students from various universities mainly from Multimedia University and UiTM itself. All of us are known as “Vacation Trainee”. We were gladly welcomed
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The Xerox Corporation Fraud case (1997 – 2000) Xerox Corporation is a global document management company which manufactures and sells a range of color and black-and-white printers‚ multifunction systems‚ photo copiers‚ digital production printing presses‚ and related consulting services and supplies. Xerox is headquartered in Norwalk‚ Connecticut‚ though its largest population of employees is based in and around Rochester‚ New York‚ the area in which the company was founded. The history of
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arguing that CPA firms are too ready to agree with clients’ questionable accounting decisions. This case demonstrates what can happen to an audit firm when it stands up to an audit client over an audit issue. Actors: Warren Buffett‚ Peat Marwick partner in 1983‚ KPMG partner in 1984 (assume a new partner was involved) 1. Consider the merits of each side’s position over the accounting treatment of the proportionate stock redemption (capital gain vs. dividend). Which position do you believe is
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Position and Issues Statements of the Accounting Education Change Commission Issues Statement Number 5 Evaluating and Rewarding Effective Teaching April‚ 1993 CHARACTERISTICS OF EFFECTIVE TEACHING Curriculum Design and Course Development Use of Well Conceived Course Materials Presentation Skills Well Chosen Pedagogical Methods and Assessment Devices Guidance and Advising THE ADMINISTRATIVE TASK REWARDING EFFECTIVE TEACHING STRATEGIES FOR EVALUATING AND IMPROVING TEACHING Self-assessment
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deciding how to account for an unusual or unique transaction for financial reporting purposes‚ should one consider the tax treatment applied to the transaction? Did Peat Marwick have a right to change its position on the proper accounting treatment for the stock redemptions? What factor or factors may have been responsible for Peat Marwick’s decision to change its position regarding these transactions? FACTS In 1983‚ GEICO announced plans to purchase several million shares of its outstanding common
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Micro Enhancement International‚ Inc. v. Coopers & Lybrand LLP 40 P. 3d 1206 (Wash. App. 2002) Facts of the Case: Micro Enhancement International (MEI) was a software development company that was on the about to have an IPO. They hired Coopers and Lybrand as the auditor. The IPO for MEI was delayed because Coopers and Lybrand were resisting some of MEI’s recognized revenue and were threating to add a “going concern” to the audit. In the end Coopers and Lybrand allowed MEI to recognize the revenue
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(UiTM) |and a job offer after my graduation‚ who can refuse? This was the | | |start of my relationship with KPMG. | |Internship period: | | |June - November 2007 |I started my practical training at KPMG on 1 June 2007‚ not | | |without some reservations that I might not be able to cope in an | |
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Regina Case Regina Company Inc. was known as a complacent slow-growth company and was dominated by Hoover and Eureka within the floorcare industry. Donald Sheelen was a promising young individual when he was hired first as the head of the marketing division in Regina‚ and then became its president. Shortly after becoming company president‚ Sheelen set out to make Regina the industry’s number one company and repeatedly vowed to “bomb” Hoover‚ the number one firm in the industry at the time. Sheelen
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I. CASE 4.28: Contributory Negligence Facts: • Pride Accountants has been the auditor of Skyhign Ltd for the last five years. • The audited was made for the year ended 30 June 2009‚ where Pride Accountants issued an unqualified opinion of the financial reports. • Skyhigh is a largest client of Pride Accountants. • They have a good working relationship. • In the past‚ audits of Skyhigh have run smoothly and its financial reports have always been unqualified. • The audited was made for the
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Technology and Business | The role of technology in logistics | In this report we will discuss the effects of technology in the supply chain and logistics management field and the need for new college graduates to have a firm grasp of its applications. | | In this paper we will discuss some IT trends grouped in four key themes. I will show how these four key themes affect the way technology is used in a supporting role with regards to logistics operations to gain a competitive advantage
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