review how ethics plays a role in business by examining a memo that was written between two Enron executives. Enron was an energies and commodities corporation who is most known for their insider trading scandal in the early 2000’s that resulted in bankruptcy. They were one of the five largest audit and accounting partnerships in the world and their financial fraud caused clients and shareholders to lose millions of dollars. In this memo Sherron Watkins, an Enron vice president addresses CEO Kenneth
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recertification, renewal, or change of address relating to an individual’s receipt of public assistance. It further mandates that all public assistance offices in a covered state assist clients in completing a voter registration application (unless a client declines such assistance), provide a form that asks clients whether they wish to register to vote and includes certain specified information concerning the voter registration process, and accept completed voter registration forms for delivery to
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Case 1.1 [1] Five procedures an auditor can use in determining to accept a client are: • Evaluate the integrity of management • Identify special circumstances or unusual risks • Assess competency to perform the audit • Evaluate independence • Determine ability to use due care Auditing standards require competency, independence and due care. [2] The return on equity and assets along with the debt to equity ratio is lower than the industry. The profit margin is much
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ASSUMPTIONS AND LIMITATIONS Just by analyzing the memo#3 sent by Paula Sprague – Executive Assistant – a bigger assumption can be drawn. The memo shows how well the ‘top of the pyramid’ knows their employees. The list goes from personal to professional information. The CEO has information and knows what was left from Michael Grant. Perillo is being tested with his character having to deal with ethical issues, which is the case of memo#4, and also being tested with professionalism and time management
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Request to Client Request II Team A ACC/541 November 25, 2013 Michael Meyer MEMORANDUM TO: Client FROM: Consulting Firm DATE: November 25, 2013 SUBJECT: Pending Lawsuit Effects FASB stipulations affect financial statements, mortgages, and patents when a business entity loses a case. This memo describes Codification 450-10-05-4 of the Financial Accounting Standards Board (FASB) that details the proper reporting of gain and loss contingencies, as
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You are a CPA with an office in NearLakes City and clients consisting primarily of professionals, entrepreneurs, and small business owners. John Smith, Esq., a practicing attorney with offices near yours, walks in your office and wants advice from you relating to a recent influx of cash he received as a result of winning a large jury verdict on behalf of his client in a personal injury case. His wife Jane Smith accompanies him during your meeting because she has some additional tax planning
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pride in their representation of Riordan to clients, stockholders, and the public at large. The staff of over 500 works in an open and supportive work environment where team participation and information adequacy and flow are strongly emphasized. Clients. Riordan serves some of the biggest names in the automotive, aircraft beverage, and appliance manufacturing fields. The organization maintains influential and positive relationships with clients through the implementation of rigorous quality
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Opportunities Jennifer Breeden Law/531 Business Law March 6, 2011 Monica Cosentino-Benedict Recognizing Contract Risks and Opportunities MEMO To: Span Systems Management From: Jennifer Breeden Date: March 6, 2011 ------------------------------------------------- Subject: Recognizing Contract Risks and Opportunities The purpose of this memo will be to analyze the recent contract between Span Systems (Span) and Citizen – Schwarz AG Bank (C-S). This contract’s purpose was to have
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Memo To: Outside CPA From: CC: Manager Date: April 25, 2011 Re: CPA Report Below I have summarized an explanation to the questions that came about during your examination of a subsidiary that has been set up as a corporation. • The methodology used to determine deferred taxes. The deferred taxes reported are a temporary difference. The deferred taxes were calculated based on what needed to be reported versus what has been posted to the corporations’ books. The “temporary
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Client Understanding Paper ACC/541 Camellia Ellis September 1, 2014 Michael Meyer MEMO TO: Client FROM: Camellia Ellis, Staff I DATE: September 1, 2014 SUBJECT: Questions on requested information First and foremost, as a part of this organization, we would like to thank you for allowing this company the opportunity to work together with you on this project. Upon reviewing and analyzing the papers submitted by your company, I have been made aware of some additional information that is needed. As
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