CapitalBanc Corporation case 2.4 1- Management assertion is a set of information that the management provided it to the auditor‚ so the auditor will make sure there are no material misstatements. According to AU 326‚ paragraph 3‚ management assertions can be either explicit or implicit and can be classified according to three categories: Assertions about transactions‚ assertions about accounts balance‚ and assertions about presentation and disclosure. The auditor has to keep in mind that the
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To: Dan DiMicco From: McKensie Booth Subject: Strategic Management Date: 11/9/2010 Nucor Corporation Memo Response: Per your request I have analyzed Nucor Corporation and the steel industry. After performing both strategic and financial analysis I offer my recommendations. Executive Summary: Nucor Corporation was the most profitable steel producer in North America in both 2005 and 2006. It is regarded as a low-cost steel producer in the United States‚ and one of the most
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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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Case Writeups : Sealed Air Corporation 1) What has been happening in this market? How has Sealed Air (SA) been doing? To what do you attribute SA’s success? Sealed Air had achieved 25% annual growth in net sales and net earnings from 1971 to 1980. The company has been keeping a technical leadership position in the market. During 10 years‚ the company built on its development of the first-cell‚ lightweight cushioning material‚ introduced the first foam-in-place packaging system‚ and engineered the
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Ocean pollution Hannah Waddell Ocean pollution is a growing problem and affects people as well. It is a growing problem that needs to be stopped and controlled immediately. Taking care of our water will be beneficial for our long-term survival. If we put off this problem any longer‚ the prices will only escalade even higher. We need water to survive and the ocean is one of the greatest water suppliers. The actions we take or do not take will affect the future in either a negative or a positive
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Homework on Ocean Floor Instructionon on how to download the movie online: Go to the link: http://www.learner.org/resources/series78.html# and click on the next to the “4. Sea Floor”. To avoid pop-up blocker‚ press CRTL key as you click on the If you click on the movie screen‚ you will get a full screen view. After watching the 30 minute movie on The Sea Floor‚ answer the following questions by typing in a separate sheet of paper. (As you watch the movie gather as much information
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CHAPTER 31 OCEAN CURRENTS TYPES AND CAUSES OF CURRENTS 3100. Definitions The movement of ocean water is one of the two principal sources of discrepancy between dead reckoned and actual positions of vessels. Water in motion is called a current; the direction toward which it moves is called set‚ and its speed is called drift. Modern shipping speeds have lessened the impact of currents on a typical voyage‚ and since electronic navigation allows continuous adjustment of course‚ there is less need to
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1. The client acceptance process can be quite complex. Discuss five procedures an auditor should perform in determining whether to accept a client. Which of these five are required by auditing standards and identify the applicable standards? 1. Obtain an understanding of the client ’s business and operations. Consideration should be given to reading available financial information regarding the prospective client such as annual reports‚ registration statements‚ Forms 10-K‚ other reports to regulatory
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Technical Problem The Metric Machine Parts and Supplies Corporation (MMPS) is a large growing global business with a few network problems. MMPS have many difficulties with their current network service that has been monitored by a third party telecommunication network who does not think anything is wrong with their service. Some of the technical difficulties that MMPS faces are frequent telecommunication network crashes that lead to bad customer services satisfaction to their customers. Due to the
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TABLE OF CONTENTS I.Introduction1 II.Key Issues2 III.Recommendations6 IV.References7 I.Introduction Hospital Corporation of America (HCA) is propriety‚ hospital management company founded in Nashville‚ Tennessee in 1968 with only one‚ 150-bed hospital and then grew to become the nation’s largest hospital management company. As of 1981‚ HCA owned or managed 349 hospitals in the United States and overseas. During the 1970s‚ HCA achieved its growth by acquisition of existing hospitals and construction
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