General Information Essay - 2156 Words

ACC 476/726 – Auditing Discussion Case Questions Fall 2004 General Information The audit discussion cases are real-world examples of problems that auditors face in practice. Each individual case is brief, and every member of the class should read the case prior to class and come prepared to participate in class discussion. Instead of the questions in the casebook, we will discuss specific issues related to the topic currently being discussed in class. The questions can usually be answered using your own opinions and the case information. The issues to be discussed for the cases follow. Berkshire Hathaway – Tuesday, September 7, 2004 Background: The case captures the dynamics of auditor-client relations. The SEC has†¦show more content†¦How could she have handled the situation? 4. Do you think Vaughn should have handled the situation differently? Explain. 5. Do you believe the firms response to the situation was appropriate? Explain. Are there other ways that the situation could have been successfully resolved? 6. Was it appropriate for the firm to promise Walker a good recommendation? Oak Industries – Thursday, September 16, 2004 Tuesday, September 21, 2004 Background: Auditors have historically been more concerned with overstatements than understatements of earnings. However, recent SEC rulings suggest that auditors need to also be concerned about understatements of earnings, particularly when they are used to manipulate earnings in future periods. Actors: Oak Industries CEO, CFO, and controller (Group 4 – Trine Juliussen, Sang Uk Jung, Laura Platler) 1. Some people would argue that creating â€Å"rainy day† funds is just conservative accounting. Why should investors and the SEC care about understatements of earnings? 2. Why did Oak Industries intentionally understate earnings? What other factors might motivate firms to understate their earnings? 3. Auditors have generally been more concerned about overstatements of earnings than understatements. Auditors have also normally only been concerned when those overstatements exceeded certain materiality limits, such as 5% of net income. Has this responsibility increased toShow MoreRelatedImportance Of It General Controls For Information Security1986 Words   |  8 Pages The importance of IT General Controls for Information Security Edlira Martiri1, Enkeleda Ibrahimi2 1University of Tirana, Albania / Gjà ¸vik University, Norway 2PwC Albania edlira.martiri@unitir.edu.al, enkeleda.ibrahimi@al.pwc.com Abstract In the days when the most important asset for a company is its information, knowing how to se-cure it is an important achievement. But hackers and competitors are not the only enemies a company should take into consideration. Now more damage is done from theRead MoreGeneral Information On The Fitness Industry Essay1591 Words   |  7 PagesBSBMKG408 Conduct market research Part A: Conduct and report on initial research General information on the fitness industry and fitness industry trends, including the sources you have used to find this information. Fitness industry general information: - The fitness industry is an industry which any person, business or organisations who focuses on exercise, health, and overall maintenance of the body participate in. - Fitness industry includes both profit and non-profit organisations whose aimsRead MoreGeneral Information About The Test1617 Words   |  7 PagesI. General information about the test The purpose of this paper is to review an article published by Reeika Irs that focuses on education assessment involving performance management and appraisal as well as pay for performance in the Estonian education sector. The title of the article is â€Å"Pay-for-performance in Estonian general educational schools: the situation for further development.† This title is clear and appropriate. The article was written and received on September 07, 2009, revised on NovemberRead MoreGeneral Technical Information : The Bridge1064 Words   |  5 PagesGeneral Technical Information: The bridge will be an 8-lane bridge with 2 lanes committed for buses, with a total length of 5.6Km.The Sea Link will enable quick go between Bandra and Worli, cutting travel times from 60–75 minutes to around 7 minutes. The extension was committed to the public on 30 June 2009, although just 4 of 8 lanes were opened. All the 8 lanes were opened on 24 March 2010. Manpower Behind the bridge: A total of 2850 workers and 150 engineers were employed over a span of eightRead MoreGeneral Information / History : Starbucks1062 Words   |  5 PagesGeneral Information/History Starbucks Corporation is a specialty coffee retailer, roaster and marketer internationally. Jerry Baldwin, Zev Siegl and Gordon Bowker established the first stand-alone Starbucks coffeehouse was opened in Seattle, Washington in 1971. In 1987, the original founders sold the company to the present CEO Howard Schultz for $7 million (â€Å"Starbucks Corporation†). Currently having 22,519 retail stores worldwide, Starbucks has developed into the largest coffeehouse company globallyRead MoreGeneral Background Information : Tyson Essay1376 Words   |  6 PagesGeneral Background Information: Tyson has been referred to CDT from Jo Hall, SLT Ministry of Education (MoE) for speech delay, poor coordination, shyness and poor self care skills. Te Rina, Tyson’s mother consented for a developmental assessment to be completed at Kreative Kids Kindergarten since he attends full time and she was pregnant at the time. Tyson regularly attends Kreative Kids Kindergarten 5 days a week. He is under the Special Education team, key worker is Alison Jones (Early InterventionRead MoreGeneral Information On Down Syndrome Essay814 Words   |  4 Pagesmost commonly caused by extra copies of chromosome 21. It occurs randomly during cell division in fetal development. This paper will discuss general information on Down syndrome, which will include the discovery of syndrome, the types and causes, the risk factors. Furthermore, this paper will also discuss the sign and symptoms, diagnosis and treatment. General background Down syndrome is a genetic disorder occurs in every individual regardless of gender, ethnicity and race. A British physician JohnRead MoreGeneral Information On The Fitness Industry1651 Words   |  7 Pagesct market research Part A: Conduct and report on initial research General information on the fitness industry and fitness industry trends, including the sources you have used to find this information. Fitness industry general information: Businesses in most industries, observed that operates health clubs, fitness centers and fitness and a range of fitness and exercise services. Conversely, the recognition and the introduction of education on the importance of a healthy lifestyle. Will avoid theRead MoreGeneral Information On The Fitness Industry2243 Words   |  9 PagesBSBMKG408B Conduct market research Part A: Conduct and report on initial research General information on the fitness industry and fitness industry trends, including the sources you have used to find this information. Fitness industry general information: It is concerned with the fitness side of business Equipment, space and training are the main focus areas that are done in exchange for a membership fees Gyms are distinguished through the size of the gym or training specialties that are developedRead MoreGeneral Dynamics Information Technology ( Gdit )1580 Words   |  7 PagesGeneral Dynamics, a Fortune 100 company has been serving the U.S. government for more than 50 years. As information technology (IT) has transformed the way the U.S. military fights and wins wars and so too has General Dynamics by becoming one of top five market leaders in U.S. to provide mission critical information systems and technologies. (General Dynamics History) General Dynamics Information Technology (GDIT) has become the largest and fastest growing segment in General Dynamics. GDIT provides