Auditing Theory College 1: Het waarom van de accountantscontrole Agency theorie: De agency theorie legt de relatie tussen de 3 perspectieven uit. De drie partijen zijn‚ namelijk de principaal (investeerder)‚ agent (management)en monitor (accountant). De agency costs nemen relatief meer toe dan dat het aandelen bezit van de manager afneemt. Daarnaast kunnen de agency costs die groei begrenzen door dat eventuele investering niet gedaan kunnen worden. Je kan er van uit gaan dat de agency costs een negatieve
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Lean Manufacturing is a very popular and successful strategy‚ which many manufacturing companies have adopted over the past 60 years. Mone Consulting Firm has been referring this method for more than 20 years at a high success rate of 99%. If implemented effectively “going lean” for Classic Cable Company will have a positive impact throughout the entire enterprise‚ by introducing attainable goals. The goals of lean manufacturing will achieve: a balanced rapid flow‚ eliminate waste and disruptions
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Critical Analysis of Motivation & Rewards Solutions Riordan Manufacturing Abstract The following paper will provide a brief background explanation detailing some of the issues found in the Manufacture. There will a series of three possible solutions identified for Riordan where one will be officially chosen. A brief description of the chosen strategy and solutions will then be detailed to provide a better understanding as to why the solution was the best fit for the company. The paper will proceed
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Eagle Manufacturing Company Major Facts The major facts surrounding the Eagle Manufacturing case are varied‚ at best. We know the “estimate” for the maintenance department robot came in well under the proposed price. We also know that‚ for the time being‚ productivity is affected due to various budgetary and operational concerns. Finally‚ we know that the communication levels and productive aspects of each individual department are not well. Major Problems There are multiple major problems involving
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White‚ 2013). Beck Manufacturing requires assistance with determining capacity of each of their systems and how the capacity can be increased. Beck has four departments including milling‚ grinding‚ boring and drilling and each department is essential in producing steering gears. A manufactured product is often an assembly of multiple parts (Obi‚ 2010). There are several machines within each department that work to produce a piece of the gear. The president of Beck Manufacturing‚ Al Beck has provided
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Green Manufacturing: An Inconvenient Reality Are you turning green at the thought of going green? Like it or not more environmental regulations are on the way‚ and manufacturers who don’t jump on the green bandwagon may be left behind. For every unseasonably warm day this year‚ the noose around manufacturers’ necks to produce environmentally friendly products gets tighter and tighter. Need evidence? Consider this: In 2004 the business sector shouldered 65% of environmental regulatory costs‚ with
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Polyester Manufacturing Polyester fibers‚ the synthetic fibers‚ are long chain polymers derived from coal‚ air‚ water‚ and petroleum. They are formed through chemical reaction between an acid and alcohol. In this reaction‚ two or more molecules combine to make a large molecule whose structure repeats throughout its length. These molecules are very stable and strong. There are variations in the compositions and therefore in the properties of polyester fibers. Types of Polyester The polyester
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Ocean Manufacturing‚ Inc. c as e 1.1 The new client acceptance decision Mark S. Beasley · Frank A. Buckless · Steven M. Glover · Douglas F. Prawitt l ea r n ing o bje C t ive s After completing and discussing this case you should be able to [1] Understand the types of information relevant to evaluating a prospective audit client [2] List some of the steps an auditor should take in deciding whether to accept a prospective client Identify and evaluate factors important to
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Question 2 Hans & Co.‚ CGAs‚ is auditing CCC Inc.s 2010 financial statements. Hans previously audited the companys 2008 and 2009 financial statements. The 2008 audit resulted in a qualified opinion because the auditors were unable to verify the opening inventory for that year‚ but the 2009 audit resulted in an unqualified opinion. Julia worked on the previous two audits and is familiar with most of the staff at CCC‚ including the office manager‚ Marcus. Julia was scheduled to meet with Marcus on
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During his first weeks on the job‚ the new operations manager found many serious problems in the manufacturing facilities‚ production processes‚ and within the workforce mentality. In addition‚ Forefront had significant problems with high costs‚ unreported defects‚ equipment that fails‚ and an overall inefficient supply chain management. Issues at Forefront Manufacturing Forefront Manufacturing´s business concept was to build and deliver large orders of doors. In my point of view‚ Forefront
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