Barry Minkow – Misrepresentation and Ponzi in 1987 Establishment of ZZZZ Best Company When he was a sophomore in high school‚ Barry Minkow founded a carpet cleaning company - ZZZZ Best Company in his parents’ garage. At that time‚ the carpet cleaning industry has few entry barriers and all Minkow needed was a small amount of start-up capital. However‚ he soon found out that his firm was actually tough to survive in the industry as the ease of entry means fierce competition. The young man encountered
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Case 1.9 ZZZZ Best Company‚ Inc. Delta. Describe the elements of the Fraud Triangle that apply to this case. Assume you are the perpetrator. Is there a better way to perpetrate this fraud? If there is‚ describe your method. Specify practical recommendations for the client to prevent this fraud from occurring in the future. The first element of the Fraud Triangle in the case of ZZZZ Best‚ case 1.9 is Incentives/Pressure. Incentives/Pressure- As a result of the pressure placed on a person who
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FORENSIC ACCOUNTING ASSIGNMENT Organization: ZZZZ Best Co. Insurance Restoration Project Submission Date : 8/1/2013 Madam Sunita Lylia BC300D Group Name Muhammad Ariff Zainal Abidin | 1101107957 | Ahmad Afandy Ahmad Kamaruddin | 1101107704 | Derrick Remus Ttunzi | 1101107780 | | Content Pages Background…………………………………………………………………………………... Introduction………………………………………………………………………………….. Activities…………………………………………………………………………………....... List of Problems………………………………………………………………………………
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Question 1: 15 points AU Section 315 Communications Between Predecessor and Successor Auditors .01-.13 Using the facts from the ZZZZ Best case and professional guidance from AU Section 315‚ explain the following: A. As the successor auditor‚ what was E&W suppose to do before they accepted ZZZZ Best as an audit client in regards to Greenspan? Summarize in enough detail Au 315.03-.06. In your answer give and support your opinion as to whether or not E&W violated these paragraphs and if you
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Case 1.9 Question 1: Ernst & Whinney never issued an audit opinion on financial statements of ZZZZ Best but did issue a review report on the company’s quarterly statements for the three months ended July 31‚ 1986. How does a review differ from an audit‚ particularly in terms of the level of assurance implied by the auditor’s report? Answer: A review report does not assess the control risk of a company‚ which means Ernst & Whinney could have not gotten the proper risk that a material misstatement
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Additional Cases for the Course The case readings have been developed solely as a basis for class discussion. The case readings are not intended to serve as a source of primary data or as an illustration of effective or ineffective auditing. Reprinted by permission from Jay C. Thibodeau and Deborah Freier. Copyright © Jay C. Thibodeau and Deborah Freier; all rights reserved. 1••• ( Case 61 ® Enron Enrori’s First Few Years hi~ 1985 Enron had assets along the three major stages of the supply
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1.2 a. Input names of students from the user‚ terminated by ”ZZZ”‚0‚0‚0‚ and create a data file grades with records of the following form: student (String)‚ test1 (Integer)‚ test2 (Integer)‚ test3 (Integer) Analysis Processes 1. Display Input student name and test scores screen 2. Prompt for Student name 3. Prompt scores 4. Perform calculations 5. Provide student names‚ scores and total Input 1. Student Name 2. Test Scores Output 1. Display Student name‚ scores and
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5. Display Sum Input: StudentName As String Test1 As Integer Test2 As Integer Test3 As Integer Sum As Integer Output: Display all three TestScores and the Sum Problem 1: Input names of students from the user‚ terminated by ZZZ‚ and create a data file GRADES with records of the form: student(string)‚ test1(integer)‚ test2(integer)‚ test3(integer). In this file‚ all test scores should b e set equal to 0. Main Module Declare StudentName As String Declare Test1‚ Test2
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shooting star passing the sky in just a blink of an eye I’m starting to write this retirement speech. Writing this speech ain’t an easy task this speech is the conclusion of my whole life time in lembaga pengawas ZZZ… HAHA... damn serious feels like i am getting older as i wrote this zzz... I’m not a serious person as every single prefect and most of the student know i don’t really like to enforce on the school rules but yet i try to avoid myself (if i choose to) and the person around me from getting
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Programming Problems IT/210 Chapter 8 Programming Problems For each of the following problems‚ use the top-down modular approach and pseudocode to design a suitable program to solve it. 1. Input names of students from the user‚ terminated by ZZZ‚ and create a data file GRADES with records of the form: student(string)‚ test1(interger)‚ test2 (interger)‚ test3 (interger). In this file‚ all test scores should be set equal to 0. Analysis Process 1. Display input student name and test scores
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