and are free from material misstatement, whether by error or fraud. 2. There are definitely fraud risk factors present in the 2000 NextCard audit including: rapid growth compared to competitors, lack of an internal audit team, and pressures to report a profitable quarter. NextCard was able to obtain growth so fast because, they were offering rather generous credit policies which attracted many people who could not get credit elsewhere. As a result, NextCard ended up loaning out over one billion
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* * * Charles Arthur * The Guardian, Wednesday 16 June 2010 15.30 EDT * Jump to comments (99) Why Minority Report was spot on It's only eight years since Steven Spielberg's Minority Report amazed audiences with its futuristic technology. But now science is fast catching up Tom Cruise as John Anderton in Minority Report - an early adopter of gesture-based computing. Photograph: 20th Century Fox The launch of Microsoft's new Kinect games system, which allows players
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conduct, such as approval of the Adelphia’s method of accounting for related-party transactions. His behaviors resulted in a violation of applicable professional standards. Deloitte, who engaged in auditing Adelphia, did not issued a fair auditor’s report. Adelphia violated the accounting and reporting standard, such as improper offsetting receivables and payables, improper disclosure of its co-borrowed debt and adequacy of the note disclosure of Adelphia’s contingent liability and hiding debt from
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and operations. There are two possible answers to this question and the first is being “No, the audit could not be completed without any qualification.” However, the audit can be completed but with a qualified audit report. The few reasons behind the qualification of the audit report are as follows: 1. The sum of RM250,000 account receivables was wrongly entered into another account in the General Ledger. To make matters worse, several pages of account receivable listing were missing causing
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------------------------------------------------- Smackey dog food Auditing [Date] tamucc [Company address] [Date] tamucc [Company address] Smackey Dog Food is a family owned and operated company that began as a dream of two sister’s and its meager beginnings were established in the kitchen of their home. The business has become more profitable and thus the sisters have a need to expand the business into a larger facility. There was a need to hire additional employees in order to
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Clear policies required on: 1. Which customers should receive credit? A- 5C’S-useful checklist • CAPITAL: the customer must appear to be financially sound before any credit is extended. If the customer is a business, its financial statement should be examined. Particular regards should be given to the customer’s likely future profitability and liquidity. • CAPACITY: the customer must appear to have the capacity to pay for the goods acquired on credit. The payment record of the customer
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ACC 498 Financial Analysis Project Guidelines and Rubric To complete the Financial Analysis Project, you will use the text Analyzing and Understanding Annual Reports. You are permitted (and it is suggested) to work in teams for this project if you choose to do so. Teams of 3-5 members are recommended. If you choose to work in teams, designate one member of your team to email the instructor all the names of the members of your team along with the name of the company you are selecting. Email
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Inspiring What’s Next. >> annual report 2014 t’s ha t. W ex N Maxis Berhad Annual Report 2014 We Are Maxis We are the leading communications service provider in Malaysia, enabling both individuals and businesses to connect and communicate anytime and anywhere. We are passionate about what we do, and obsessed with providing an unmatched experience to our customers. Our customers enjoy a superior Internet experience, make voice calls and text, and immerse themselves
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Management 4 • Documents: Organizational safety manuals and instructions, safe operating procedures, and job hazard analyses • Records: E-mails or letters from management to employees, safety meeting minutes, mishap logs, audit reports, OSHA citations, inspection reports, risk assessments, and training records. • Interviews: Management personnel, supervisors, and employees • Observation: Walk through some workplaces to observe conditions for yourself. 2. For each management system element, discuss
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Management 4 • Documents: Organizational safety manuals and instructions, safe operating procedures, and job hazard analyses • Records: E-mails or letters from management to employees, safety meeting minutes, mishap logs, audit reports, OSHA citations, inspection reports, risk assessments, and training records. • Interviews: Management personnel, supervisors, and employees • Observation: Walk through some workplaces to observe conditions for yourself. 2. For each management system element, discuss
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