company’s revenue. This paper explains the fraud occurred in recognizing the revenue and how it overstated the financial statements and increased the stock price. It also explains the fraud theory applied to the revenue recognition and the auditor’s failure in discovering the fraud and reports it to the SEC. This paper will provide methods that auditors should follow in auditing public companies and the best practices they should follow if the company changed the revenue recognition. Background
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Case Study SM Technologies Ltd. (Developing Sales and Distribution Strategies) [pic] Location: Nagpur‚ Maharashtra‚ India (5th Vijaynagar Main 9th Cross-‚ Bangalore‚ Karnataka India) Bangalore branch office head: Arun Kumar Historical Background SM TECHNOLOGY Co.‚ Ltd. is a manufacturing company. It is a professional marketing organization and is being managed by a group of electronic engineers having varied experiences
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Case Study: Star Technologies 1. Explain why "industry knowledge" is so important to an audit engagement team Identify risk factors commonly posed by companies in high-tech industries. Industry knowledge is so important because it helps auditors identify areas that need special attention where errors and fraud might exist. Auditors are then able to evaluate the reasonableness of the accounting estimates made by management. It will also help them evaluate the accounting principles used by
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Brief With the advancement of technology and the rise in Internet usage amongst individual companies‚ businesses‚ and organizations‚ they are faced with new challenges in protecting their brand‚ trademark‚ and image from competitors (Clark‚ 2007). This has caused many businesses to take action in the protection of intellection property rights or IPR. For the week three assignment‚ the members of team A choose to discuss the case in which Premier Technologies wins intellectual property lawsuit
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Technology-HSBC Case Study March 10‚ 2012 Professor Shaw Argosy University How has the company chosen to improve its knowledge of customers and therefore its decision making? Analyze the management‚ organization‚ and technology dimensions of the solution. HSBC‚ as with other banks‚ took advantage of many poor consumers looking to own their own home. These consumers had low credit scores‚ are in default or have low income‚ which means there was a higher probability of them not paying back
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Title – Promising Beacon Technology for Store Managers and Consumer Summary - Retailer push location specific information directly to the customer via their smartphone‚ and get data depending on customer’s interaction with beacon! Body - Beacon Technology is on its way to strengthen buyer-seller relationship and provide data to the retailers to improve the in-store experience for the shoppers. For years‚ retailers considered Near Field Communications (NFC) technology to track the number of
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FZ1105 - Technology and Policing Module Tutor - Word Count: 958 Deadline: 12 February 2012 Learning Outcome: Describe current‚ relevant legislation‚ policies‚ procedures‚ codes of practice and guidelines in relation to gathering‚ submitting‚ retaining‚ recording and disseminating information. Scenario: The Divisional Commander at Ashbridge Division‚ Hamiltonshire Police has been very concerned for some time about vehicle crime in the Boxton Heath area of the town. She asks her staff to be
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Modern technology is simply an improvement of old technology (Karehka Ramey‚ 2012). The impact of technology in modern life is unmeasurable. What we call modern technology is technically not so new in most cases. For example‚ mobile phone technology has evolved with years‚ now are days we used smartphones which have been an advancement of an ordinary mobile phone. Modern technology increase human skills and this technology has developed in years. In PCL International‚ cell phones have become needs
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With a heavy increase in the number of online trading account holders‚ from 20 million in 2012 to nearly 24 million in 2014‚ the IT sector has realized the potential that is available to exploit. Also‚ with internet continuously reaching sky-high numbers in terms of consumers‚ the nature of the financial services has dramatically changed. Online trading accounts removed the need for maintaining the necessary trading documents and certificates as an alternate trouble-free path via the internet. But
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12-point Times New Roman font‚ double-spaced‚ with 1-inch margins all around). The assignments are due at the beginning of class on Thursday‚ September 26‚ 2013. This case is designed to provide an introduction to payout policy and Modigliani and Miller’s dividend irrelevance proof. Consideration is given to why profitable technology firms like Cisco Systems‚ Microsoft and Intel used no debt‚ retained large cash balances and preferred to return cash to shareholders in the form of repurchases rather
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