HealthSouth Corporation Case Study By Robert H. Barr‚ Jr. - © 2012 In 2002‚ HealthSouth Corporation was one of North America’s largest outpatient surgery‚ rehabilitation and diagnostic imaging companies. HealthSouth had over 1800 facilities in all 50 states plus the United Kingdom‚ Australia‚ Puerto Rico‚ Canada and Saudi Arabia. In 2002 HealthSouth had over 50‚000 people on staff in sales revenues in excess of $4 billion per year. HealthSouth worked with more than 85‚000 referring physicians
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------------------------------------------------- HOW TO WRITE AN ARTICLE REVIEW Article review is written to provide the reader with an overview of the selected literature and usually require a critique of the material. A novice in the area should be able to read your review and have a good understanding of what the reading is about and where it stands in relation to other literature in the field or subject area. General background You must always carefully read the assessment instructions
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Chapter 10 Section 404 Audits of Internal Control and Control Risk Review Questions 10-1 Management typically has three broad objectives in designing an effective internal control system. 1. Reliability of Financial Reporting Management is responsible for preparing financial statements for investors‚ creditors‚ and other users. Management has both a legal and professional responsibility to be sure that the information is fairly presented in accordance with reporting requirements
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Pioneer Petroleum is a multinational corporation that is in position to capitalize on investments all around the World. Within the industry Pioneer’s gasoline are among the cleanest burning fuels. They are better position than most to meet strict environmental guidelines as they currently have clean efficient running plants positioned to capitalize on less polluted products. Also Pioneer Petroleum is heavily involved in exploration and devilment. From 1924 to the present‚ pioneer has been able
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wouldn’t have occurred to this magnitude. Donnelly was targeted in an internal investigation because she was one of three employees with the highest amounts of travel and expense reimbursements hers totaling‚ $115‚000. One of the red flags in the case was the fact that Donnelly’s supervisor had only submitted $40‚000 in travel and expense reimbursements that year. It turned out that Donnelly had been using several different schemes to accumulate such an outrageous amount of travel and expense reimbursements
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Apollo Shoes Engagement Letter Larry Lancaster President & Chairman Apollo Shoes 100 Shoe Plaza Shoetown‚ ME 00001 Dear Mr. Lancaster: The memo verifies the agreement of the purpose of the engagement and the quality and constraints of the services the firm offers. Talbot Auditing Firm will review the financial statements of Apollo Shoes at the end of the year. Talbot auditing firm will review the accounts such as the operations records‚ retained earnings‚ and cash flow accounts. An
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reporting fraud. The auditor would have identified the risk primarily through analysis of financial results and review of operational procedures. b) The auditor should pay close attention to the changes of company’s financial result and analyze those changes in time to see if they are reasonable. Most auditors should have detected this kind of material misstatement in company’s financial results‚ because this defalcation is caused by a personal factor. c) We should forecast its audit procedure
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How the Fraudsters Fool the Auditors History of financial statement frauds acquisition accounting related party transactions non existent bank accounts - relationship with auditors overstated bank balance off balance sheet accounting misleading disclosures Changes occurring from Sarbanes Oxley Higher standards for corporate governance and accountability Creating an independent regulatory framework for the accounting profession Enhancing the quality and transparency of financial reports Developing
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considering the estimation involved in evaluating the net realizable value of inventory. RESPONSIBILITY OF AUDITOR 1. Measure and record transaction data 2. Assess the risk of material misstatement in management’s financial statements 3. Classify and summarize recorded data 4. Obtain and evaluate evidence to respond to risks of material misstatement in the financial statements 5. Evaluate reasonableness of accounting estimates 6. Obtain reasonable assurance that financial statements are
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Why is the initial consultation so important? What factors will an ethical therapist cover at this time? Word Count: 1926 A hypnosis session is generally regarded to contain five elements. These include the introduction‚ induction‚ deepener‚ therapy‚ and awakening. Each of these elements are important but to answer this question effectively‚ I will focus on the introduction stage by explaining why the initial consultation is an essential part of hypnosis. I will then go on to describe some
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