The auditor’s responsibility is to communicate significant deficiencies and material weaknesses that exist regardless of management’s decisions. These significant and material deficiencies should be communicated to the management in writing. In the case of non-public companies‚ the auditors are not required to report separately on internal controls by the PCAOB. Thus‚ the auditors’ responsibility for a non-public company is to focus on fraud within the audit.
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LP8 ASSIGNMENT DISTRIBUTION SYSTEM DESIGN By: Jeffrey L. Blake Course: MT4210 Quantitative Analysis Instructor: Paul Larson Distribution System Design 1. If the company does not change its current distribution strategy‚ what will its distribution costs be for the follow quarter? Original shipping plan model MIN 3.2x1+2.2x2+4.2x3+3.9x4+1.2x5+0.3x6+2.1x7+3.1x8+4.4x9+2.7x10+4.7x11+3.4x12+ 2.1x13+2.5x14 DISTRIBUTION CONSTRAINTS 1. x1+x2+x3≤30‚000 2. x4+x5≤20‚000
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This case study included information on a sample of fifty credit card accounts. This information‚ table one‚ included household size‚ annual income‚ and the amount charged to the account. Scatter plots of the data were produced. Figure one shows household size vs. amount charged. This graph shows that the positive linear relationship of the data is somewhat strong. The r squared is 0.56‚ analyzing the graph there is a correlation of household size to amount charged‚ but there is a range per
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Case Analysis of Nike‚ Inc.: Cost of Capital Apparently‚ the issue of Nike’s case is to control and check the calculation cost of capital done by Joanna Cohen who is the assistant of a portfolio manager at NorthPoint Group. But I am willing to tell you that it can be a complex case in which we can doubt about sensitivity analysis done by Kimi Ford (portfolio manager) because her assumptions such as Revenue Growth Rate‚ COGS / Sales‚ S &A / Sales‚ Current Assets / Sales‚ and Current Liability
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INTRODUCTION Office Supply Incorporated (OSI) is a company in crisis‚ with challenges in its cost structure and poor IT performance. Outsourcing to Technology Infrastructure Solutions (TIS) is an opportunity to both reduce costs and complexity for the firm‚ but first must consider whether outsourcing is a good strategic fit for OSI. Outsourcing is known as the practice of turning over responsibility of some or all of organizations information systems to a foreign firm in order to stay competitive
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1. What are some potential legal and ethical issues present in this case study? One potential legal problem is that Mark did not use the money they way that it was intended to be used and budgeted for. Another legal problem was Mark eliminated safety features from the pool that could have and would have prevented injury to the residents of Acre Woods Retirement Community. Finally‚ Sarah could have legal recourse against Mark depending on the reason he gave her for removing her from her position
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Case Scenarios: Grocery‚ Inc.‚ Presentation LAW/521 February 3‚ 2014 Stuart Schwartz Case Scenarios: Grocery‚ Inc.‚ Presentation Grocery‚ Inc. Uniform Commercial Code The Uniform Commercial Code (UCC) applies to sales contracts that are agreements for the sale of tangible‚ moveable goods (Melvin‚ Chapter 8‚ 2011). Therefore‚ the UCC Article 2 would apply to Grocery Inc. and the different vendors that are making agreements‚ but only if the contract was missing or had open terms. “Article
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investors and creditors. It would benefit them greatly because the audit work should be done with better care therefore they can use the statements with more trust. I feel that the judge should have authority to decide who auditors are liable to. In this case is clear that Touche was negligent and they should have liability to all foreseen third parties. 2) In section 11 of the securities act of 1933 the auditors have the burden of proof and in the securities exchange act of 1934 section 18 the plaintiffs
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ACTBAS1 INDIVIDUAL BUSINESS CASE 1ST Term‚ Academic Year 2012-2013 Williams‚ J.‚ Haka‚ S.‚ Bettner‚ M.‚ & Carcello‚ J. (2012) Financial Accounting‚ 15th edition‚ McGraw-Hill Irwin (with modifications) David Montinola is employed as a bank loan officer for Bank of Philippine Islands. He is comparing two companies that have applied for loans‚ and he wants your help in evaluating those companies. The two companies- Philip Inc.‚ and Morris Company – are approximately the same size and had
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up the task force i) Inadequate Team Structure – Wrong Selection Procedure Both Trott and Casey had concluded that the major area for task force to study should be the Marketing Division. In that case at least one of the market managers should have been in the team. Only product managers were included in the task force which was not a good decision on Trott‚ Casey‚ and Bacon’s part. As head of the task force
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