there. I as like that this type of business foam allows mini government regulation, creating the simplest business to set up for me to transition my hobby. The company in wanting to create will be a children’s apparel business. I found that after becoming a mother myself, I loved picking out hip and affordable clothing’s for my son. I started to order certain items from overseas and would get complimented on my son’s apparel all the time. I love fashion and was suddenly taken
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1. If I was in Hamilton Wong’s position, I think I would report all of the time I spent working on the Wille & Lomas audit, even if it exceeded the budget. As an accountant, my ethical responsibility is to be honest and have integrity and I will be losing my honesty and integrity if I was not to report the actual amount of worked I did. I would first have to evaluate why it is that I am spending a large amount of time on that part of the audit; is it because I am not managing my time efficiently
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minimum fraud. Using these guidelines, we’ll now discuss the problems with LJB Company and the changes that can be implemented to make the company’s internal control more efficient. The first issue that LJB needs to address is the fact that the accountant
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your job pretty quick. A friend of mine was working 16-20 hours a day as an accountant. He simply had too much to do in his job and everyone depended on him. He couldn't even take a sick day because he was the only one who could do the work he was assigned too! His dream job quickly turned into a nightmare, and after a few years of working in that environment, he started questioning whether he was meant to be an accountant or not. Not long after that he got sick and had to take some time off work
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a different perspective, people might think it is okay for professional athletes to earn so much money because their career is so short. What qualities do professional athletes obtain that make their paychecks larger than that of an oncologist, accountant, or a teacher? All of these people are being paid to do what they love. The football player loves to play football, and the teacher also loves to teach. But what makes these two people so different? The only thing that separates these two people
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Andersen's descent from conscience of the accounting industry to accused felon didn't happen overnight. Rather, it stemmed from a series of management miscues and compromises over the decades. As the firm grew from a close-knit partnership to a globe-spanning behemoth, pressure to boost profits became intense. Andersen leaders responded by pushing partners to become salesmen -- upsetting the delicate balancing act any auditor must perform between pleasing a client and looking out for the public investor
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How Does the Sarbanes Oxley Act Relate to Internal Controls? Strayer University December 3, 2010 In order to have a full understanding of what Internal Controls are and how they relate to The Sarbanes Oxley Act, I decided to do a little research on Internal Controls, first. (Horngren, Harrison, and Oliver, 2009, pp. 380-384), defines Internal Controls as an organizational plan and all the related measures adopted by an entity to safeguard assets, encourage employees to follow company
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My father was an accountant for ten years and my mother worked in business administration. While my parents' classmates were dealing cocaine and getting tattoos of MS-13 (Mara Salvatrucha) inside their lips, my mother and father were in school studying and at home taking care
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Currently the numbers from the government suggest that most people 65 and older receive social security and that money represents 38% of their income on average, that’s a good number, but many Accountants and Economists now urge people to view social security as supplemental rather than a primary income. However, reports also suggest that half of older married couples and 3 quarters of unmarried older people rely on social security for a majority
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As a little kid, I was brought up in a Spanish household, but I was born here in America. My family is from Peru, which is located in South America. Since my twin sister Andrea and I were born, all we heard from our parents and grandparents was the Spanish language. Even though my mother was born in America and she spoke English fluently, Spanish was her first language. As my sister and I started to grow into toddlers we only spoke Spanish, so it was not a surprise to me when my mother told me that
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