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Describe your assessment of the responsibilities established for accounting personnel: including protection for whistle-blowers and for the public accounting
What impact will increasing the percentage of completion have on Terra Firma's financial statements? Use numbers to back up your answer.
Determine both the relationship of risks in the planning of the audit and factors that influence those risks.
Based on the fraudulent activity that occurred, recommend two (2) improvements to the internal control environment to reduce those occurrences.
Describes the main aspects of the regulatory environment which will protect the public from fraud within corporations.
Formulate a strategy to improve the opportunities for Durango to reach its revenue goals (i.e., increase revenue by 10% within five [5] years).
Discuss the financial impact of SOX and consider its effect on economic growth and enterprise.
Identify three of the criminal penalties that can be charged under the Sarbanes-Oxley Act. How do these sections of the Sarbanes-Oxley Act
1) Some accounts were incorrectly aged in the Accounts Receivable aging schedule. 2) Accounts receivable turnover ratio was much smaller that expected results.
How do documentation procedures contribute to good internal control?
What internal control observations can you make about financial institutions?
What internal control feature should you use to ensure that the cash received from customers is not taken by a dishonest employee?
a. Assess the strengths and weaknesses of Jamona.com's internal controls b. Recommend additional controls to cover the weaknesses
Shipping clerks compare goods received from the warehouse with the details on the shipping documents.
Provide the Trubeys with an overview of the key internal control issues they will face in operating a jewelry store.
Indicate the nature of the possible fraud or embezzlement in each situation: 1. Wages expense for a branch office was 30 percent higher in 20x2 than in 20x1
For each of these five separate cases, identify the principle of internal control that is violated.
Assume that you are the outside auditor. Indicate weaknesses in the existing internal control system over cash admission fees
Write a word paper in which you do the following: 1. Evaluate the manual and computerized control activities.
What internal controls components are common among long-term assets and liabilities, and equity accounts?
What knowledge should be obtained about the control components in obtaining an understanding of it?
What are the implications for auditors, regulators, managers, shareholders and the general public?
Required a. Indicate the category of internal control applicable to each procedure using the framework below.
Discuss your perception of a risk manager leveraging an internal audit function in a risk management program.
Please explain the importance of the internal controls necessary to account for cash, purchases, and sales?