...Audit Proposal Tonja Wallace Georgia State Accounting Information Systems ACC 542 Deborah Johnson September 06, 2010 Audit Proposal Our firm has been working with Kudler Fine Foods for several weeks implementing a new accounting information system (AIS) that will assist with the process of payroll, inventory, accounts receivable and payables along with the daily sales. The current AIS that have been implemented will address the systems integrity and the new system will help KFF to ensure that the data is accurate and reliable for the preparation of the financial statements for the organization. Now that the new accounting information system has been set up it is now time to perform an audit of KFF internal controls. In order to do this we will take a look at the different types of audits that maybe used for each process. Then recommend the audit that will most fit the needs of KFF as well as give an explanation of how the audit will be conducted. KFF will also be informed of events that might prevent the reliance on auditing through the computer. An audit for IT involves evaluating the computer’s role for achieving audits and control objectives. These audits look at the components for the AIS for the users, procedures, hardware, software, data communications and the database. According to Bagranoff, Simkin, and Norman (2008) there are four main types of IT audits and they are attestation, findings and recommendations, SAS # 70 and last but not least SAS #...
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...Audit Proposal Audits are a critical and an important part of every company whether performed internally or externally. With the expansion of Kudler Fine Foods and update of their information system, the company must ensure system processes are functioning properly. Conducting an audit will identify any problems with the newly implemented computer system. There are several types of audits that can be performed for each process. The most important factor is choosing the appropriate type of audit that best fits the process. Most audits are conducted similarly and should always be completed in an efficient and effective manner. Furthermore, there are events that could prevent the reliance of an audit through the computer in which management must be made aware of and evaluate accordingly. Types of Audits There are various types of audits that will give credence to the accounting records, accounting policies, and financial statements of a business organization. For example, an internal audit can be conducted of the accounting department to examine company policies and procedures as well as development and evaluations of internal controls. Internal audits will provide management with insight and recommendations based on analysis and assessment of data and business processes. An external audit will assess the computer-based accounting system and provide judgment on the accuracy and fairness of financial statements. “The fairness evaluation is conducted in the context of generally...
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...Disclosure of the Engagement Partner in the Audit Report An International Perspective on the PCAOB Proposal By Jason Bergner and Ling Lin n December 4, 2013, the PCAOB conducted an open meeting to reconsider its proposal to require the disclosure of the engagement partner (and certain other participants) in the audit report, as part of its efforts to improve transparency. The PCAOB is carefully considering the likely costs and benefits of this requirement before making a final decision (http://pcaobus.org/News/Speech/Pages/120 42013_Harris_Transparency.aspx). The authors present arguments for and against requiring audit partner disclosure and summarize the current practice and empirical findings in foreign jurisdictions, such as the EU and China. While the debate for the past five years has been an argument about the possible costs and benefits of a signature or disclosure requirement, the authors believe that the movement of the international community toward adopting common standards may eventually warrant a similar U.S. approach. O Debating the Issue The signature/disclosure requirement has been an issue for almost a decade, first appearing on the PCAOB’s agenda in 2005 (Tammy Whitehouse, “Divided PCAOB Presses for Names in Audit Report,” December 4, 2013, Compliance Week, http://www.complianceweek.com/dividedpcaob-presses-for-names-in-audit-report/article/323604/). The current proposal to disclose of the engagement partner in the audit report stemmed, at least in part, from...
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...Request for Proposal UK‐1357‐14 Proposal Due Date – 04/17/14 Environmental Health & Safety Software‐Based Research Facilities Inspection and Recordkeeping System An Equal Opportunity University REQUEST FOR PROPOSAL (RFP) ATTENTION: This is not an order. Read all instructions, terms and conditions carefully. PROPOSAL NO.: Issue Date: UK-1357-14 RETURN ORIGINAL COPY OF PROPOSAL TO: 3/20/2014 UNIVERSITY OF KENTUCKY Environmental Health & Safety SoftwarePURCHASING DIVISION Based Research Facilities Inspection and 411 S LIMESTONE Title: Recordkeeping System ROOM 322 PETERSON SERVICE BLDG. Purchasing Officer: Joyce Holmberg LEXINGTON, KY 40506-0005 Phone: 859-257-9104 IMPORTANT: PROPOSALS MUST BE RECEIVED BY: April 17, 2014 @ 3 P.M. LEXINGTON, KY TIME. 1. NOTICE OF REQUIREMENTS The University’s General Terms and Conditions and Instructions to Bidders, viewable at www.uky.edu/Purchasing/terms.htm, apply to this RFP. When the RFP includes construction services, the University’s General Conditions for Construction and Instructions to Bidders, viewable at www.uky.edu/Purchasing/ccphome.htm, apply to the RFP. Contracts resulting from this RFP must be governed by and in accordance with the laws of the Commonwealth of Kentucky. Any agreement or collusion among offerors or prospective offerors, which restrains, tends to restrain, or is reasonably calculated to restrain competition by agreement to bid at a fixed price or to refrain from offering, or otherwise, is prohibited...
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...Agency: REPP (Rural Education Program Pakistan) Subject: Request for proposal for Teacher’s Training of English Language in Southern Punjab. Project Name: Improving Quality of education in backward areas. Reference Number: 2083/ FEP/RFP/2013 Submission date The proposal is to be submitted before 30th-May-2013, by 12:00 p.m. Pakistan time, as a hard copy, through TCS or OCS courier services. Proposals received after this time and date will not be entertained. The details for submission are given in the section of submission procedure, of this announcement. Summary REPP Rural Education Program Pakistan, grants funds to the organizations working in specific regions, for the improvement of the educational system all over Pakistan. Availability of funds and quality of proposals serve as the basis of funding. The organization receiving the funds is to choose from the audience and provide the services through REPP funds. Funding Project period cannot exceed 12 months, until and unless there is a valid reason, defined in section V. the funding limit is Pakistan Rupees 40,000,000. Eligibility information All the non-governmental organizations, registered with the government of Pakistan and possess the area NOC, and have had experience of working in southern Punjab are eligible to submit their proposal, short listing however will be done on the specific criteria. Contents: 1.1 Background 1.2 Objectives of the programme 1.3 Financial allocation by contracting authority ...
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...totally decentralized governance and how changing to a centralized governance leads to unrest and resistance. It also illustrates how the cultural/managerial change effects the business decisions needed to be made by a company to achieve success. Essentially, the case shows that IT governance must be aligned with business activities and tie all functions together to support the company’s strategy. 2. Problem Statement Will BPOC give a go-ahead for the proposal that the customer advocacy group was proposing? The proposal was to build a state-of-the-art customer interaction network that would centralize all incoming calls into a globally managed set of contact centers. Though this is a potentially valuable project, CISCO’s new centralized governance means that the customer advocacy group needs to get an approval from the BPOC. Will the BPOC realize the potential? Will it support the project and commit to a full cross-border and cross-functional implementation? If I was in Boston’s shoes, do I think he should approve the proposal? 3. Proposed Solution First, we need to understand the new strategies put in place by the CIO Brad Boston in late 2001 and why the new strategy faces resistance. This directly has an effect on the result of the BPOC’s decision on whether to go ahead with the central call center or not and how it might affect...
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...New System Proposal Team B CIS/207 January 16, 2013 New System Proposal Riordan Manufacturing Company is leader in industry, and the company uses polymer materials to create solutions to customers. Dr. Riordan, a professor of chemistry founded Riordan Plastics Inc. by 1993 the company went to Riordan Plastics Inc. to Riordan Manufacturing Company and expanded the company into China. In 1991 the company supported commercial applications for his patent and the customers that use the products are the manufacturer of automotive parts, appliance manufactures, the manufactures of aircrafts, and the Department of Defense (DoD), alone with bottlers, and beverage makers (Riordan Mfg., 2012). The company’s earnings are $46 million and the total revenue excesses $1 Billion. Riordan Manufacturing Company has over 500 employees in Albany GA, Pontiac MI, and Hangzhou China (Riordan Mfg., 2012). Looking into the company’s system, there isn’t any security features established to prevent anyone from accessing information on the company’s intranet. Logins should be required to access the information within the company’s intranet and also should be monitored by the IT department. When the company expanded their operations in to Hangzhou China the fan manufacturing operation moved from Pontiac Michigan to Hangzhou China, team B need to look at the financing and accounting department systems because it was never addressed on the switch, just added more software...
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...CITY OF NEW ORLEANS 2013 Budget Proposal October 29th, 2012 10/29/2012 Mayor’s Office of Communications 2013 Budget Presentation • Background • Performance Management/Review of Improvements • 2013 Budget Proposal 2 2013 Budget Proposal Funding Cuts at the State and Federal level are posing significant budgeting challenges for municipalities across the U.S. ● Nearly 48% of cities plan to reduce workforce this year ● Los Angeles predicts over 200 City jobs will be eliminated due to budgetary challenges ● San Bernardino closing all but one library and reducing 100 jobs including Police and Fire positions ● The State of Louisiana is not meeting its obligation to fund District Attorney, Indigent Defender, or mental health We must continue to take action to be smart about how we get smaller 3 2013 Budget Proposal The Landrieu Administration addressed an inherited $97M spending gap Budget Comparison $550M 2009 Expenditure $528M 500 110 450 $431M $97M Gap 400 418 431 Gap Recurring Revenue 2010 350 300 2009 Note: One-time revenue sources not included in chart 4 2013 Budget Proposal First step to eliminating gap was to reverse the spending trend Annual Expenses $550M $528.0M $496.0M 500 $483.0M $479.9M $477.8M* $50.2M Difference 450 400 350 *= Proposed $477.8M expenditure does not include $13.4M appropriation to fund balance. Including fund balance contribution, the City is proposing a budget...
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...n.pisani@uva.nl Consultation Hour during the course: Monday 17:30 – 18:30 Course Coordinator: Corine Boon M 2.26 020-525-4181 c.t.boon@uva.nl Lectures Dates Mon 01/09/2014 Mon 08/09/2014 Mon 15/09/2014 Time 15:00-17:00 15:00-17:00 15:00-17:00 Room REC-JK 1.90 REC-JK 1.90 REC-JK 1.90 Assessment: Individually Written Research Proposal 100% 1 COURSE DESCRIPTION This course is meant to support students in learning how to obtain and utilize data from WRDS platform for their thesis. Most students lack real world experience working with data, above and beyond the basics of spreadsheet analysis. As a result, students either do not know where to find the data they need or do not know how to handle data properly. This workshop is intended to increase your comfort level working with databases. Areas of topics that use WRDS database include, for example, corporate social (ir)responsibility (KLD), consensus and forecasts from security analysts (IBES), abnormal returns for specific corporate actions or events (Eventus), detailed audit information between accounting firms and corresponding companies (Audit Analytics), and any topic concerning firm financial performance (COMPUSTAT/CRSP/AMADEUS). The workshop consists of three parts (Each assessed in a different lecture): 1. Introduction to the most commonly-used databases in both academia and business. 2. Familiarization with the process of assembling and analysing a dataset. 3. Overview of the WRDS platform...
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...a Request for Proposal (“RFP”) for General Office Supplies. The State Bar is seeking proposals for a contract office stationer for general office supplies and and related services. The State Bar intends to award a master contract designating a single source as the preferred supplier for a period of 3 years, with an option to renew for an additional 1-year term. Please submit 12 copies of your proposal no later than 5 p.m. on April 9, 2010 to: The State Bar of California 180 Howard Street San Francisco, CA 94105-1639 Attn: Andrew Conover Procurement 415-538-2207 andrew.conover@calbar.ca.gov I. INTRODUCTION The State Bar of California (“the State Bar”), created in 1927 by the Legislature and adopted into the California Constitution in 1960, is a public corporation within the judicial branch of state government. The State Bar is a unified, or integrated bar, and membership is mandatory for all attorneys who are licensed to practice law in the state. In addition to its mandated licensing and disciplinary and certification functions, the State Bar offers a number of other programs designed to assist, educate and protect its members and the public. The State Bar has offices located in Los Angeles, Sacramento and San Francisco. More information about the State Bar can be found at http://calbar.ca.gov/state/calbar/calbar_home_generic.jsp?cid=10102 II. STATEMENT OF WORK A. General Scope of Services The State Bar is seeking proposals for delivery of...
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...Callaway Electronics Company Founded in the late 1970s by Phil Knight, a brilliant engineer, the Callaway Electronics Company has experienced tremendous growth as a producer of specialized components for the computer industry. But like many companies that have experienced this type of growth, Callaway has reached near-capacity conditions in its plant. Undertaking an expansion of new capacity will be at least sixteen months in the future. Known for its high quality and innovative approaches, Callaway has been forced to subcontract some work. Recently, one of the major computer manufacturers approached Callaway to design and build a subsystem. While capacity could be made available for almost all of the subsystem at the Callaway facility, it became apparent that one key component, a rather intricate and yet very inexpensive circuit board, would have to be subcontracted. The boards were under a government contract that would make Callaway a subcontractor. All of Callaway’s suppliers are also subcontractors. This would mean “tons of forms” to be sent to suppliers but would also give Callaway some leverage. Based on the projected value of the order, it would be necessary for each supplier to provide a cost and price breakdown on the SF 1491. From this breakdown, Callaway could estimate the reasonableness of the price. Callaway engineers would provide the design to meet the customer’s specs, and, in turn, it would be supply management’s responsibility to handle the contracting...
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...Group 1: Huilin Zang, Yixue Liu, Yinghui Ma Dr. Hassan R. HassabElnaby ACCT 6190-001 Sep. 6, 2015 FASB Proposes to Clarify Revenue Recognition Standard By Michael Cohn on August 31, 2015 After the International Accounting Standards Board (IASB) published a draft proposing changes in Revenue Recognition Standard on July 30, 2015, the Financial Accounting Standards Board (FASB) has also issued a similar proposed accounting standards update to clarify how to determine whether an entity involved in contract is a principal or an agent under the new revenue recognition standard. We found a news article written by Michael Cohn that discusses this recent FASB’s agenda in details. The proposed update will not change the principle part of new revenue recognition standard, but will clarify the implementation guidance on principal versus agent consideration. In the new revenue recognition standard, it points out when another party is involved in providing goods or service to customer, the entity is required to determine the nature of its promise. The determination will base upon whether the entity controls the good or the service before transferring to the customer. Specifically, if control of the goods or service belongs to the entity, the entity is a principal. On the contrary, the entity is an agent. There are some implementation issues, however, during this determination process....
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...REQUEST FOR PROPOSAL COUNTY of FRESNO REQUEST FOR PROPOSAL INFORMATION TECHNOLOGY SUPPORT SERVICES SUBMITTAL: The County of Fresno will be receiving proposals for Information Technology Support Services. If vendors are interested should submit one original and 4 copies of their proposal. ADDRESSED TO: NAME, IT Specialist County of Fresno ADDRESS MARK ENVELOPE: “PROPOSAL – IT SUPPORT SERVICES” INQUIRIES: Questions or explanation of Request for Proposal (RFP) documents to Michael De La Fuente, at 254-630-0915 or @fresnocounty.net. Formal proposals must be received by Monday February 2nd, 2015 at 6:00 PM. Bids will be opened and read on February 3, 2015 at 10:00 AM. A conference will be held on July 21, 2015 at 10:00 AM in the meeting room. Anyone wishing to submit a proposal is requested to attend. Vendors are required to provide as much detail as possible in this proposal, regarding scope of services, approach to protecting and securing the technology used by County users, and their capability and experience. The County will utilize evaluation and selection criteria, based on the County’s standard proposal process, to determine an acceptable vendor. The County reserves the right to reject any or all proposals or to accept any proposal considered most advantageous. Copies of the Request for Proposal are available electronically at www.fresnocounty.net. Proposals will be public information after proposals are opened. Please direct all...
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...HUNTINGDON COUNTY COMMISSIONERS REQUEST FOR PROPOSAL INFORMATION TECHNOLOGY SUPPORT SERVICES Proposals will be received by the County of Huntingdon for Information Technology Support Services. Interested vendors should submit one original and 6 copies of their proposal response documentation in an envelope marked as follows: IT SUPPORT SERVICES Please submit bids to: Michelle Cerett, Chief Clerk Huntingdon County 223 Penn Street Huntingdon, PA 16652 Formal proposals must be received by Monday August 2nd, 2010 at 4:00 PM. Bids will be opened and read on August 3, 2010 at 10:00 AM. A pre-bid conference will be held on July 21, 2010 at 10:00 AM in the Commissioners meeting room. Anyone wishing to submit a proposal is requested to attend. Vendors are required to provide as much detail as possible in this proposal, regarding scope of services, approach to protecting and securing the technology used by County users, and their capability and experience. The County will utilize evaluation and selection criteria, based on the County’s standard proposal process, to determine an acceptable vendor. The County reserves the right to reject any or all proposals or to accept any proposal considered most advantageous. Copies of the Request for Proposal are available electronically at www.huntingdoncounty.net. Proposals will be public information after bids are opened. Please direct all inquiries to Michelle Cerett at 814-643-3091 or mcerett@huntingdoncounty...
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...Request for Proposal An Inventory Control System Just Seeds Unlimited Co. 4105 Stuart Andrew Blvd Unit #3 Charlotte, NC 28217 704.222.2222 Distribution List (TBD) Linnea L. Williams lwilliams.lwilliams@gmail.com PM598 – May 2011 TABLE OF CONTENTS 1. INSTRUCTIONS TO BIDDERS 5 1.1. General Description of Work 5 1.2. What Must Be Included with Bid 5 1.3. Schedule of Bid Period Activities 6 1.4. Location of Work 6 1.5. Pre-Bid Meeting 7 1.6. Owner Contact for Questions 7 1.7. Pre-Award Surveys 8 1.8. Sealed Bid Requirements 8 1.9. Basis for Bid Evaluation 9 1.10. Ethical Standards 10 1.11. Responsibility for Surety Bonds 10 1.12. Proposal Format 10 1.13. List of Bidders 12 1.14. Letter of Acknowledgment 13 2. DESCRIPTION OF WORK 13 3. PROPOSAL 15 3.1. Breakdown of Bid Price 15 3.2. Revisions and Extra Work 15 3.3. Scheduled Completion Dates 16 3.4. List of Subcontractors 16 3.6. Key Supplier or Contractor Personnel 17 3.7. List of Bid Document Addenda Reviewed by Bidder 17 3.8. Notice of Conflicts or Errors in Bid Documents 17 3.9. Bidder Signature 17 4. SPECIFICATIONS AND DRAWINGS 18 5. GENERAL CONDITIONS AND CONTRACT AGREEMENTS 18 Appendix B 21 Supplier/Bidder List 21 1. INSTRUCTIONS TO BIDDERS The following section entails information that Just Seeds Unlimited Co. requires of bidders when preparing the response bid proposal: 1.1. General Description of Work Provide Just Seeds Unlimited Co. with a fully designed solution for...
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