treat fairly‚ and that is what happened when Michael Fay was caned and imprisoned. Michael Fay deserved to be punished for vandalism because he had to be responsible for his actions. He also needed to be taught a lesson‚ and since he is living in Singapore‚ he should have abided by their laws. People who commit crimes should not get off on just a fancy argument. Being responsible for one’s actions is a quality that everyone wants from each other. Michael Fay should be responsible for vandalizing
Premium Crime Prison United States
Memo To: John Doe From: Team C Date: February 20‚ 2012 Subject: Auditing‚ share-based payment and SPE reporting A publically traded company offers challenges to auditing when it comes to shared-based payment reporting and special-purpose entities (SPE) reporting individually. The most basic principle of GAAP at risk is the qualitative characteristic of reliability. Shared-based payment and SPE reporting individually has been broken down to better equip the audit for our client. It is important
Premium Generally Accepted Accounting Principles Balance sheet Asset
PHILADELPHIA -- The Eagles’ Michael Vick put an end to the suspense‚ at least for Sunday’s game‚ as to who would start at quarterback against the Dallas Cowboys. "I’m not playing this week‚" Vick said. "Not this week." More From ESPN.com SheridanThe Eagles’ quarterback situation has changed quickly since Michael Vick injured his hamstring‚ writes Phil Sheridan. Analysis • More Eagles coverage Vick pulled his hamstring in the first half of the Oct. 6 game against the New York Giants.
Premium American football National Football League American films
Evergreen Park‚ Illinois. Michael‚ 39‚ is the father; Brynn‚ 38‚ is the mother; Sandra‚ 11‚ is the daughter. Michael works as a pediatric surgeon at Advocate Children’s Hospital and Brynn is a pharmacist at CVS Health. They chose these occupations because of the satisfaction it brings to them and the salary to provide to their family. Some alternatives that were considered was a nurse and a teacher. They rejected those occupations because the less satisfaction they’d have. Both Michael and Brynn are doing
Premium Generally Accepted Accounting Principles Balance sheet Revenue
Auditing Theory 1. A control which relates to all parts of the EDP system is called a(n) a. Systems control c. Applications control b. General control d. Universal control 2. Which of the following is not an output control? a. Proper authorization of transaction b. Control totals c. Check digits d. Adequate documents 3. Should the auditor feel‚ after obtaining an understanding of the EDP internal control structure‚ that control risk cannot be reduced‚ he or she will a. Issue a disclaimer b. Issue
Premium Internal control Audit Balance sheet
ISSUE I. Is Michael Kelley liable for injuries a child trespasser‚ Aranda Hudson‚ sustained while skateboarding on a loading ramp at his vacant warehouse? II. Is Michael Kelley immune from liability under the recreational use statute if he creates an urban farm and charges participants‚ residents of the neighborhood‚ for a plot? SHORT ANSWER I. No. Under Minnesota law five elements must be satisfied to hold a property owner liable for injuries sustained by a child trespasser. It is unlikely that
Premium Tort law Law Tort
92When audit risk is at an appropriately low level 83The possibility that the auditors may unknowingly fail to appropriately modify their opinion on financial statements that are materially misstated 49Investigate the identities and reputations of the client’s directors‚ officers‚ and major stockholders 51The reputation of management 81The company’s financial strength and credit rating. 85Make inquiries of the client’s banker‚ legal counsel‚ and predecessor auditor. 26Determine that independence
Premium Auditing Financial audit Audit
Auditing Chapter 3 Homework 3-27 a. These are the items that should be included in the auditor’s report: 1. Normal receivable confirmation procedures‚ although not used‚ should not be listed here since it was not material‚ and the auditor was able to gain a satisfactory opinion from the client’s use of them. 2. The change in the accounting method for long-term construction doesn’t need to be included here since it is discussed in the footnotes. 3. Lawsuits are normally included
Premium Balance sheet Financial statements United States
Executive Summary This report analyses Virgin Australia (ASX code VAH) and identifies its potential business and audit risks that will need to be addressed in the 2014 audit. It is presented to the Virgin Australia Audit Committee as part of the 2014 Audit planning process. The first part of this report provides a broad introduction into the business of Virgin Australian by examining its principal sources of revenue‚ its nature of operating‚ its competitors‚ the market share and the regulations
Premium Airline Qantas International Civil Aviation Organization
Solutions for the Biltrite Bicycles Inc. Case Module I - Assessment of Inherent Risk 2 Module II – Assessment of Control Risk 16 Module III - Control Test: Sales Processing 28 Module IV - PPS Sampling: Factory Equipment Additions 30 Module V - Accounts Receivable Aging Analysis 34 Module VI - Sales and Purchases Cutoff Tests 41 Module VII - Search for Unrecorded Liabilities 46 Module VIII - Dallas Dollar Bank Reconciliation 48 Module IX- Analysis of Interbank Transfers 51 Module X -
Premium Expense Balance sheet Asset