Professional and ethical issues c a S eS inc lu de d in t hiS Se ction 3 . . . . . . . . . . . . . . . . 3.1 A Day in the Life of Brent Dorsey Staff Auditor Professional Pressures 59 63 65 71 79 3.2 Nathan Johnson’s Rental Car Reimbursement Solving Ethical Dilemmas–Should He Pocket the Cash? Recognizing It’s a Fraud and Evaluating What to Do . . . . . . 3.3 The Anonymous Caller 3.4 WorldCom The Story of a Whistleblower . . . . . . . . . . . . . . . . . . . . . . . .
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Working Computers‚ Inc. Jennifer Sobieski‚ an analyst in the headquarters of Working Computers‚ Inc.‚ has been asked to evaluate whether or not Working should sell a division of the firm which has been losing market share and requires a great deal of new investment to remain competitive. The ailing product is a Personal Data Appliance (PDA) that once led the market in features and innovation‚ only to fall prey to competition from numerous firms once it had paved the way for the product category
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456 Chapter Eleven Appendix 11B Illustrative Audit Case: Keystone Computers & Networks‚ Inc. Part III: Substantive Tests—Accounts Receivable and Revenue This part of the audit case illustrates the manner in which the auditors design substantive tests of balances. The substantive tests are illustrated for two accounts—receivables and revenue. This aspect of the audit is illustrated with the following audit documentation: • ABC’s risk assessment working paper that combines the auditors’ assessments
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Introduction Apple Inc. is a company that focuses on development and marketing of personal computers‚ media devices‚ design‚ and portable digital music players. Also‚ the company sells a variety of related software‚ services‚ peripherals‚ networking solutions‚ and third-party digital content and applications. The company ’s portfolio of offerings comprises Mac computing systems‚ iPods line of portable digital music and video players‚ iPhone handsets and iPad portable multimedia and computing devices
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KEYSTONE PIPELINE XL: CANADA TO UNITED STATES The Canadian company Trans Canada hopes to begin building the northern section of an oil pipeline that would trek close to 2000 miles from Alberta‚ Canada to the Gulf Coast of Texas. If constructed the pipeline known as Keystone XL will carry one of the dirtiest fuels tar sands oil. Along its route from Alberta to Texas this pipeline could devastate ecosystem‚ pollute waste resources and jeopardize public health. Giant oil corporations invested in Canadas
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necessary controls to determine the effectiveness of their design and operation. 5. Evaluate the evidence and make the assessment. 10-3. In identifying both potential misstatements and necessary controls‚ the auditor typically uses either (1) computer software that analyzes responses to specific questions input for computerized internal control questionnaires or (2) checklists developed for the same purpose. 10-4. a. Evidence obtained from procedures to obtain an understanding should be used
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| | |Ann Inc.: Audit Risk Analysis | | | |
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Apple Computer Inc Apple Computer‚ Inc. is a well-known designer and retailer of computer hardware‚ software and electronic entertainment devices. Apple began as a small personal computer manufacturing firm in 1976 with a vision to build computers that could be purchased by anyone. The company has now grown into one of the most powerful technology companies in existence. The path that led to the creation of a brand like Apple is a true testament to the level of innovation and the cultivation of
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GROUP CASE STUDY ASSIGNMENT TOPIC: WORKING COMPUTERS‚ INC.1 Jennifer Sobey‚ an analyst in the headquarters of Working Computers‚ has been asked to evaluate whether or not Working should sell a division of the firm which has been losing market share and requires a great deal of new investment to remain competitive. The ailing product is a personal data appliance‚ or PDA‚ that once led the market in features and innovation‚ only to fall prey to competition from numerous firms once it had
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Many Faces of Greed When thinking of the seven deadly sins‚ many people think of “greed”. However‚ most only think of greed as the desire for lots of money‚ and not the desire for things‚ in general‚ in abundance and in the form of addiction. The intense‚ selfish desire for things such as power and wealth is present in all aspects of life today‚ from children’s movies to historical figures who’ve left lasting impressions on society‚ and has the ability to influence every day life. From a young
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