| GNC Holdings‚ Inc. | Operations/Supply Chain Management Overview and Analysis | | | | | | Executive Summary Background: GNC was founded by David Shakarian in 1960s‚ and specialized in yogurt and other healthy food such as honey‚ grains‚ and “healthy sandwiches”. Due to increasing demand‚ GNC expanded stores throughout the United States during the 1970s. However‚ the emergence of other competitors in the external environment and poor management internally lead to a difficult
Premium Dietary supplement Vitamin Supermarket
I believe the SEC defined an audit failure as wrongly stating the financial statements of the company are accurate and correct‚ when the statements contain fictitious statements‚ material errors‚ and there isn’t a proper note disclosing the information. I don’t believe Sullivan‚ alone‚ was responsible for the deficiencies noted by the SEC in Andersen’s 1997 audit. I do believe Sullivan had the most responsibility‚ but the others were just as responsible
Premium Project management Construction Legal terms
she has. I am in awe of her and I expressed to her what a privilege it was to have her as my mentor. She has asked me to keep going with her and she will show me everything she has learned over the years. We have agreed to meet every three weeks. 2. What issues have you encountered since the last meeting and how did you address them? Since the last meeting‚ I did not encounter any issues but she discussed a situation that she had this week‚ and how she handled it. In her business hair products
Premium Hairstyle Change Coaching
Very good! 100% +2 cb 6C-1 Summary of Audit Sections Section Purpose Content 1 Objectives of the Engagement To describe the services that are to be rendered to the client (KCN). The objectives include: an audit of KCN’s financial statements for the year ended 12/31/20X5 and to issue a letter of compliance with covenants of the client’s letter of credit agreement. 2 Business and Industry Conditions To describe
Premium Revenue Computer software Financial ratio
the circumstances and opinion expressed by an auditor‚ where he is unable to obtain sufficient audit evidence. 2. Auditors of M/s Santa Banta (P) Ltd. were changed for the accounting year 2010-11. However there was no change in the position of closing stock which remained at ` 400 lacs . The auditors of the company propose to exclude the audit of closing stock of ` 400 lacs from their audit programme on the understanding that it pertains to the preceding year which was audited by another
Premium Auditing Financial audit Internal control
Sri Lanka Institute of Information Technology Strategic Brand Extensions Project Proposal Business Project 2012 Submitted by: 1. BM11783336– Pasan ganegama 2. BM11783268– Randika Geeganage 3. BM11784258– Sajith Chinthaka 4. BM11783954– Sahan Chathuranga 5. BM11775270– Amila Weerakoon Submitted to: Ms.Chathurini Kumarapperuma .......................................... Mrs. Mano Weligodapola Supervisor ’s Signature 2012.08.04 Executive Summary The
Premium Marketing
Saskya Gagneux February 5‚ 2013 Marketing Research 4338 Case 5- Student Computer Lab 1. Did the moderator do an adequate job of getting the information needed by the SCC? The moderator did a good job getting the information needed. * He started out appropriately by explaining who he was and the purpose for the research (focus group). * Encouraged respondents to talk to one another as he started with a broad question everybody could answer (“How do you think the computer lab is
Premium Focus group Question Marketing research
Fundamental concepts of f/s audit Materiality misstatement of accounting information. is a matter of professional judgment Audit risk The auditor expresses an inappropriate audit opinion when the financial statements are materially misstated‚ Evidence (more than “per discussion with client) Major phrases of audit: Client acceptance/continuance; Preliminary engagement activities; Establish materiality and assess risks; Plan the audit ;Consider and audit internal control; Audit business processes and
Premium Auditing Financial audit
Interim An audit which conducted in between the two annual audits with a view to find out interim profits to enable the company to declare an interim dividend is known as Interim Audit. It is a kind of audit which is conducted between the two periodical or balance sheet audits. Objectives Of Interim Audit 1. To know profit or loss of interim period. 2. To distribute interim dividend. 3. To get loan on the basis of interim account. 4. To get information about the financial position
Premium Auditing Audit Auditor's report
2. Assume that you are Tommy O’Connell and have learned that Carl Willmeth will be working for you on the Altamesa audit engagement. Would you handle this situation any differently than Tommy did? Explain We would begin the audit engagement the same as Tommy‚ but after realizing that Carl’s work might not uphold the auditing standards of the engagement‚ bring it to the attention of Morrison. According to the AS 10 p.5 (b)- Supervision Of Engagement Team Member- direct engagement team members
Premium Auditing Audit External auditor