...Irregularities He nodded over and over again: I could smell his aftershave. ’’There are art in imperfection,’’ he said, finally, parting his lips and breathing in slowly. ‘’True beauty lies in the nature’s mistakes.’’ The short story Irregularities is told by a woman. The text is written in past tense but shifts to present tense, when the narrator tells that Dr Soleander’s wife couldn’t go to the Hilton Head, and continues to the end of the story. In the beginning of the text the narrator is struggling with her body which is more or less out of control because of her pregnancy. She is working as an administrative assistant at the cardiac care unit. She and her boss Dr Soleander have had an affair. Unfortunately the narrator turned out to be pregnant. It is clear through the text that the narrator has problems with her perception of life and the following responsibility of her acts. The narrator is not like most other assistants working for the cardiac care unit with good lifestyles and healthy changes in life. The narrator has just started eating onions, which is one of the most essential vegetables we eat from our earliest days to our death. It shows us that she is different and perhaps she had a tough childhood with parents who didn’t look after her and her health. Maybe that is why she feels comfortable with the attention she gets from Dr Soleander. Somehow or another the narrator doesn’t understand Dr Soleanders sudden need for her. He has a beautiful, sweet and well groomed...
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...Irregularities Sometimes the truth is not as comfortable as you want it to be. But the only way to get further is to face it. That isn’t easy always when it could as a result of an unfortunate incident ex. a pregnancy, as we see in “Irregularities”. Sometimes time changes, and you don’t know how you should deal with things, and unfortunately sometimes you can’t overcome problems like before, and you have to deal with it unpleasantly. This is a short story about the young office secretary, whom with help from her married boss conceives a child. She doesn’t know if she should tell him or not. Though she has a lot of opportunities to tell him about it, but she doesn’t. Her problems are too many. . Her dreams stretches as far, as having their own little family. She looks up to her sister and her boss as well. The sister, who has everything the narrator, could ever dream about, and James Solander with his perfect wife, perfects furnished office, and cashmere clothes. She even dreams about being married to James, but at the same time she sees his wife as perfect. She cannot get use to the thought about her pregnancy and becoming a mother, and sometimes she even forgets about the baby. The thought of having to tell Dr. Solander about their baby is making her feel very uncomfortable, and she hopes he will discover it by himself, like when she did. This is a recurring image in the story, all her thoughts about this baby, and she can finally see herself with an apron and cookbooks...
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...Facing the reality and dealing with the difficulties in consequence of an affair is not always easy. In particular if pregnancy turns out as the result. Mostly affairs happen due to fascination between two persons. Sometimes this fascination is not long-lasting. The shot story Irregularities by Conutney Jones, published in Best new American voices, Harcourt, 2003 show this. The short story Irregularities is told by a young insecure and bewildered woman, who makes as an administrative assistant in a cardiac care unit. We do not present her name in the story. The narrator is not just in love with her boss, James Soleander, but decided obsessed with him. After having had an affair with him she got pregnant, something that affects her a lot, because she wonders, how to do with it. She likes to sit in his office, just so she can sense the smell of his cashmere coat. Sometimes she even wears it over her shoulder, while she is complaining that her office is too chilly. Attended by the women’s magazine, she tries to deal with her ambivalent feeling of her pregnancy. On one hand she fancies becoming a mother and she imagines getting married to James Soleander. and on the other hand she is really uncertain, because she can not understand why her boss should be interested in her. Furthermore she has difficulties getting used to the thought of being a mother. The main character is insecure and has a completely low self-confidence, which is expressed in the fact that she for tree...
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...Accounting Irregularity Analysis and Presentation Bolanle /Gbadebo Intermediate Accounting 1 (ACCT 310 – V1FF) Ann Remely 10/10/2014 Company Profile Enirogroup is a well-known internet search company in the media industry, the company branches are located in Sweden, Norway, Denmark, Finland and Poland. The digital media (excluding directory assistance services) carry’s 80 percent of the company’s revenue in 2013. The company is into local search and Eniro’s notable brands, products and services design customer value for a broad number of customer’s each day. Nordic region has the biggest sales force from market and sell advertisements to thousands of customers. Both the existing and potential customers of company which run n million are contacted by the company’s sales representatives every year. Eniro staffs in counting is about 2,800. The operations of the company are formulated into two revenue divisions which are the local search and voice. The formal is the multiscreen channels like Desktop search, Mobile search, Campaign products likewise printed products in Print while the latter encompass directory name and directory assistance services via telephone and SMS in Sweden, Norway and Finland, as well as premium services with personal service. Finland also offers a contact-center service. Issue The accounting irregularity in this company is all about Revenue Recognition. “According to press release on September 05, 2014 by the company board of directors, there is...
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...Substantive Procedures for Asset Irregularities University of Phoenix ACC/556 Substantive Procedures for Asset Irregularities In light of the substantive hurdles created by management at Apollo Shoes, Inc. (the “Company”), as the Auditors of the Company, it is incumbent upon us to develop and audit program to manage and perform the most thorough analyses of the books and records so that we can do a thorough job and offer an opinion on the quality of the financial well-being of the Company. We will analyze the Accounts Receivable, Inventory, and Fixed assets of the company and the following describes the way we will attack this assignment. In the accounts receivable, the sales and billing procedures is a section that should call for its immediate consideration. Accounts receivable fraud usually starts with inaccuracies inside the billing procedure and can be looked at by taking a sample of client accounts receivable records and looking over the original transactions data towards the consumer balances. This procedure will reveal fake clients and receivables intended to make the business financial report stronger. The sales and billing procedure has to be accurate in order for the accounts receivable to be right (Wells, 2011). Another problem when the billing is being rectified is the stealing of the payments obtained on a client’s account. The theft usually happens between numerous client accounts where the first payment is taken and the following client’s payment...
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...Accounting Irregularity Analysis for Groupon Steven Simpson ACCT 310-V2WW Professor Margaret Callender February 15, 2014 Issues Groupon (GRPN) is an internet based company that was founded in 2008. Groupon acquires new customers via advertising and word of mouth through sites such as Facebook and Twitter, and then Groupon has the new customers sign up to receive daily coupon offers from local merchants through their email. Groupon then sells coupons for steeply discounted local merchant offerings directly to customers interested in the daily deals and receives a percentage of the coupon’s value from the merchant (Roos, 2014, pp. 1-2). Groupon seemed to take the internet world by storm and by Q1 of 2011 it had an impressive $644.7 million in revenues, which almost equaled the entire revenue for 2010 (Edwards, 2011). On June 2, 2011, Groupon, Inc. took its first step toward becoming a public company by filing a Form S-1 Registration Statement Under The Securities Act of 1933 with the Securities and Exchange Commission (Groupon, Inc., 2011). When reviewing the Form S-1, the SEC found several accounting irregularities that it questioned. One of the accounting irregularities was Groupon’s reporting an internally used measure of profitability that it calls the Adjusted Consolidated Segment Operating Income, a term abbreviated to adjusted CSOI (Weil, 2011). The adjusted CSOI took the operating income and added online marketing expenses, stock-based compensation, and...
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...Substantive Procedures for Cash Outflow Irregularities Substantive Procedures for Cash Outflow Irregularities Apollo Shoes has recognized that there is a risk of loss due to irregularities in cash outflows, accounts payable, and payroll. Substantive procedures for cash outflows, accounts payable, and payroll are needed to detect irregularities in each of these. Failure to implement appropriate procedures will lead to loss irregularities. Substantive Procedures to Evaluate Cash Irregularities Substantive procedures for detecting irregularities in the cash cycle follow normal audit procedures of testing internal controls over cash and by collecting and evaluating audit evidence are needed. Following instruction set forth by Joe Bootwell, Chief Financial Officer (CFO), Karina Ramirez, Director of Internal Audit, established the following procedures for testing cash irregularities (University of Phoenix, 2013). 1. Cash receipt procedures. Confirm that persons receiving cash are authorized. Evaluate mailroom cash receipt procedures. Confirm that surveillance cameras are recording properly. Confirm pre-numbered receipts are issued. Evaluate procedures for out of sequence receipts. Confirm cash deposits are made by a person other than those approved to receive cash. Confirm deposit reconciliations are made by a person other than the persons receiving and depositing cash. 2. Cash receipts are deposited daily and are in complete (Louwers, et al, 2011)...
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...concurrent audit. Concurrent Audit is to be carried out in accordance with the extant guidelines of the Bank. Concurrent Auditors would examine all the transactions undertaken by a branch for which they have been appointed on an on going basis and identify the ones which are not as per bank’s laid down rules/ circulars etc. and guidelines/ instructions received from authorities like, Govt. of India, Reserve Bank of India & SEBI etc. from time to time. 2. Every quarter Concurrent auditor would also check if there is any wide variation in the cost of deposits and yield on advances with the previous periods as well as Zonal average figures. 3. Requirements From Audit Firms: 1. Concurrent Auditors shall be required to get rectified all the irregularities identified by them...
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...or Irregularities This memo discusses the main ideas of Hennes, Leone and Miller (2008) research on restatements reclassification that is studied using the guidelines from Gordon and Porter (2009) reading and understanding academic research. Main Research: There has been much research on causes and consequences of restatements. However, these researches are done using data that contain restatements consisting of both accounting errors and intentional misrepresentation. Hennes, Leone and Miller (2008) research suggest that stronger hypothesis can be developed if the restatements are partitioned as errors and irregularities. The research then proposes ways of distinguishing between these two kinds of restatements. The research question is both interesting and important. It will enhance the past literature related to the subject of restatements. Also, restatements have a significant impact on market and must be assessed properly. Following criteria classify a restatement as an irregularity * Firms using variants of words “irregularities” and “fraud” in disclosure * Restatements with related SEC investigation * Restatements with related independent investigation Restatements not meeting the above criteria are accounting errors. Main Findings: The main findings of the research are the following * The market reaction is much severe for irregularities than error * Restatements followed by class action lawsuits are mostly irregularities ...
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...Intangibles LEAD 6100 Measurement Concepts & Analysis January 24th, 2016 The first intangible I have chosen is determining the impact of using co-branded graphics, printing of the Toyota and Lexus logos on all service part packaging. How does it impact our customers? Are the customers aware that Lexus is the luxury division of Toyota? Do the co-branded graphics hinder or prevent grey/black market part sales? As for the method I suggest using random sampling from Toyota dealerships throughout the network for determining customer awareness of Lexus affiliation with Toyota. In regards to the grey/black market parts sales I am thinking of tracking the number of incidents since the implementation of the graphics to see if there is any fluctuation. Based on data from our legal department has there been any increases or decreases in identifying grey/black market sales since the packaging change was implemented. If so, were any of the new packaging specs involved? The second intangible that I selected is determining the value of a packaging spec paten. How does an organization like Toyota determine the value of a patented packaging spec? The patented packaging design has been proven to be successful with protecting the part(s) thus reducing damage claims. So in theory the dollar amount of damage claims prior to implementing the packaging spec could be used as a baseline. For example if damage dollars were equivalent to $100,000 and after the packaging spec...
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...As corporate controller for Apollo Shoes, you are tasked to find and explain any irregularities in the Apollo Shoes Case. Resource: Apollo Shoes Casebook Define the process you will use and address the following assessed classroom discussion questions: What procedures will be used to collect accounting evidence? What sampling tools and techniques will be used for the examination? How will you use analytical and inferential tools to evaluate accounting evidence? Submit your assignment to the facilitator. Note. APA formatting is not required for this assignment. Use a title and reference page where appropriate. Consider using a checklist or flowchart to outline your process. There are many irregularities that can arise within the different accounting departments at Apollo Shoes. An audit program will be designed according to the three cycles that will be outlined below. The first cycle that will be discussed is cash, then accounts payable and finally the payroll function. These cycles will be evaluated for substantive procedures for Apollo Shoes and detect irregularities for each section and an appropriate audit program will be designed for each department. Cash At Apollo Shoes irregularities or cash schemes, which could occur in the audit cycle of cash include fraudulent disbursement schemes and cash receipt schemes. Fraudulent disbursement schemes are those in which a distribution of funds is made from some company account in what appears...
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...protect whistle blowers, the reporting rate has declined. Thus it is crucial to investigate the current procedures in order to provide recommendations to improve the Act, consequently curbing fraud and miscarriage of justice. Question 1 • How are informants being protected? As employers and employees consequently have to disclose criminal and unwanted conduct within the workplace, steps need to be instilled by employers to ensure that whistle blowers are protected from occupational detriment. This act attempt to prevent employers from treating disclosing employees with detriment such as disciplinary action, demotion, harassment, unwanted transfers, etc. • Who is being protected? Employees disclosing legitimate concerns about irregularities are being protected by the act. Those employees are to be protected from unwarranted conduct by their employers and cannot be discriminated against. They may not be victimised or penalised by their employer in any form for having made a disclosure in accordance with any one of the procedures provided by the Act. • The requirements for protection Protection is only established when such disclosure is correctly done in accordance with any one of the procedures provided by the Act. The disclosed information must show that a criminal offence has been committed or is likely to be committed. The disclosed information must also...
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...First, a few basics on Hangul (Don't worry! You will be reading in Hangul perfectly extremely soon!). Hangul is an alphabet, just like the Roman alphabet English speakers use. The only two differences are Hangul blocks syllables, and there are no lowercase or capitalize letters in Hangul. The letter is always written the same, no matter when it is used. Characters will be stacked into squares to form each syllable. For example ㅎ, ㅏ, and ㄴ are three separate characters. But, as they would form one syllable, they would be written 한 instead of ㅎ ㅏ ㄴ. ㅎ + ㅏ + ㄴ= 한 want another example? ㄱ + ㅡ + ㄹ = 글 We then combine syllables to form words, just as we do in English. 한 + 글 = 한글 Recognize that word? That's right! It's Hangul . It consists of han (한) and gul (글). Two syllables. Six characters. As you begin to learn all the different characters, you will see how to construct the syllables properly depending on which character you are using. Just keep this one thing in mind. Every Korean word, syllable, anything...begins with a consonant. A vowel will always follow it, either positioned to the right of it, or below it. With each vowel, I will tell you where it should be positioned. Also, there will be 2,3, or rarely 4 characters in a syllable. 한 is one way of stacking, having the vowel to the right of the first consonant, with the third character under those two. 글 is the other main way of stacking, where the vowel falls below the first consonant, with the third character below...
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...As corporate controller for Apollo Shoes, you are tasked to find and explain any irregularities in the Apollo Shoes Case. Resource: Apollo Shoes Casebook Define the process you will use and address the following assessed classroom discussion questions: What procedures will be used to collect accounting evidence? What sampling tools and techniques will be used for the examination? How will you use analytical and inferential tools to evaluate accounting evidence? Submit your assignment to the facilitator. Note. APA formatting is not required for this assignment. Use a title and reference page where appropriate. Consider using a checklist or flowchart to outline your process. There are many irregularities that can arise within the different accounting departments at Apollo Shoes. An audit program will be designed according to the three cycles that will be outlined below. The first cycle that will be discussed is cash, then accounts payable and finally the payroll function. These cycles will be evaluated for substantive procedures for Apollo Shoes and detect irregularities for each section and an appropriate audit program will be designed for each department. Cash At Apollo Shoes irregularities or cash schemes, which could occur in the audit cycle of cash include fraudulent disbursement schemes and cash receipt schemes. Fraudulent disbursement schemes are those in which a distribution of funds is made from some company account in what appears...
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...Running Head: INTERNAL CONTROLS Internal Controls XACC 280 Internal Controls This paper will cover the ins and outs of internal controls. It will also tell why they are important not only to companies, but why they are important to investors, creditors, and even the public too. Internal controls are a serious of methods and measures that companies put in place to insure that errors or irregularities in the accounting process do not happen very often. In every company there is a chance of having one or more employees who are dishonest and may take from the company. Internal controls helps to keep this from happening on a regular basis. Internal controls have two primary goals. The first primary goal is to safeguard a company’s assets. This goal is to protect a company’s assets from being misused without permission, theft, and even robbery. The second goal of internal controls is to improve the consistency and correctness of a company’s accounting records. Internal controls accomplish this goal by decreasing the threat of errors or irregularities in the financial accounting process (Internal Controls, 2012). These two goals help make companies trust their employees and investors feel confident in their decision to invest in a company. Internal controls have not always been enforced. This is the reason for the collapse of Enron, Tyco, etc. The Sarbonese-Oxley Act (SOX) has helped make internal controls a requirement for all publically traded...
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