with respect to the ability of the client to continue as a going concern for a reasonable period of time not to exceed one year beyond the date of financial statements. Factors that auditors should consider in evaluating potential going-concern uncertainties are: Negative trends, including recurring operating losses, working capital deficiencies, and negative cash flow from operations. Indications of financial difficulties, including default on loans, denial of trade credit from suppliers, restructuring
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According to the basic transaction cost economics framework, the decision to use the market or vertical integration is determined by two major variables: asset specificity and frequency of transaction and ultimately by the need to hedge against uncertainty Asset specificity: Obtaining the quality grapes needed to make its premium wines is a transaction that should be considered asset specific because wineries such as Mondavi targeting the premium segment want to be able to differentiate the grapes
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of the | |financial statements; | |To conclude, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt | |on the entity's ability to continue as a going concern; and | |To determine
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Locate two sources in the University Library on a topic of your choice. Provide the required information for both sources. Source 1 • Author: Byrnes, James P – Beilin, Harry – Smith, Leslie • Date: 1996 • Title: The cognitive basis of uncertainty • Publication: Taylor & Francis Ltd /Books Write a 100- to 150-word response to each of the following questions: • Is the source reliable? How do you know? Yes I believe that it is a reliable source due to the fact that the Department
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HOFSTEDE: Cultures And Organizations - Software of the Mind Culture as mental programming In Western languages 'culture' commonly means 'civilization' or 'refinement of the mind' and in particular the results of such refinement, like education, art, and literature. This is 'culture in the narrow sense; 'culture one' Culture as mental software, however, corresponds to a much broader use of the word which is common among social anthropologists: this is ‘culture two’. In social anthropology, 'culture'
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cultural similarities that in turn pertain to business operations with USA enterprises. High Uncertainty Avoidance and often Low Individualism prevail. Based on studies and data, the large majority of predominantly Catholic countries (those with Uncertainty Avoidance as their highest ranking Dimension) have a low tolerance for ambiguity. As Geert Hofstede explains about peoples with a high Uncertainty Avoidance Index, their attitude is, “There can only be one Truth and we have it.” This creates
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activity can be indefinitely deferred. At some time deferral will no longer be possible, because no tangible asset will last forever (except land). Therefore, the obligation to perform the asset retirement activity is unconditional even though uncertainty exists about the timing and (or) method of settlement. FASB Interpretation No. 47, Accounting for Conditional Asset Retirement Obligations, Paragraph 3, a “conditional asset retirement obligation”(CARO) is defined as: “A legal obligation to perform
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cultural dimensions that might exist on this team: American, Austrian and Swedish: Small power distance, low uncertainty avoidance Japanese & Guatemalan: Large power distance index and strong uncertainty avoidance index Indian: Large power distance index and low uncertainty avoidance index. The team members in the group come from diverse power distance index and uncertainty avoidance index characteristics. Japanese, Indian and Guatemalan have high PDI compared American and other members
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track. We called them xG1, xG2, and xG3. Next, we calculated the delta x is 130cm. Then we began to record the position of the right edge of the glider on the air track when it was blocked and unblocked, xb and xub. These two parameters meant the uncertainty in the experiments is as same as that for the xG1 and xG2. The xb is 45.53cm and xub is 48cm. We inputted these data to the computer. Then we put the glider to make it contact with the electro-magnet, and opened the software-controlled switch to
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research on culture, which led to his Cultural Dimensions Theory. Dr. Hofstede’s Cultural Dimensions Theory consists of a model on national culture. The national culture model is made up of six dimensions: Power Distance, Individualism, Masculinity, Uncertainty Avoidance, Long Term Orientation and Indulgence. Jamaica is an island located in the Caribbean Sea. The island is just over 4,200 square miles and is just south of Cuba. There are currently 2.9 million people living in Jamaica. The Arawaks
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