Accountants

SAS 99 Summary The Auditor has the responsibility to plan and perform the audit to obtain reasonable assurance that the financial statements are free of material misstatement whether caused by error or fraud. The Auditor has standards of fieldwork that should be used as a guide to fulfill their responsibility. These standards are covered in SAS 99. Fraud is the intentional act that results in a material misstatement in financial statements that are the subject of an audit. There are two…

staring at me. I realize this is what I need to improve as I would be required to present to different types of people in my career such as subordinates, superiors or colleagues, a strong communicating skill has become a highly valued skill as accountants are increasingly working on teams (ACCA, ND ). To improving this skill, I always practice in front of a mirror or my friends, as I found prepare adequately could release tension in real assessment.…

1. Introduction In this report I will be producing literature on Corporate Governance, with particular reference to a public company. The literature review that has been assembled is an appendix to this report. 2. Methodology In this assignment I have used different resource to gather my information for my main body. The methods I used to conduct my research was firstly going to the city library in Wolverhampton, I researched through numerous of journals and books about Corporate Governance…

Introduction - Historic Enron Financial Scandal The merger between Houston Natural Gas and InterNorth produced Enron in 1985 which started off slowly specializing in the natural gas and then grew to start increasing its product range. Kenneth Lay founded Enron and became Enron’s Chairman and CEO. However, Enron management aggressively decided the need to grow faster, increase investor’s confidence, attract more investments and increase their credit rating. In order to achieve their vision, the…

Debits always balanced credits prior to closing, and after books were closed, assets were in balance with the total of liabilities and equity accounts. The aging receivables balance was in balance with each individual customer balances. But, the auditor could have used different other techniques to detect a possible fraud. Had he chosen to follow the active approach he would have seen many red flags. Since auditor was familiar with the company and understood how business was run, he could…

he Sears Arlington was a popular model for Sears, sold for over a decade from 1911 to 1922. There are only two Arlingtons still extant in the Chicago area--one in Wilmette and one in Downers Grove. There's a chance that there are more Arlingtons hiding out there, but it is an unusual looking model and would be difficult to miss. Sears Arlington in Wilmette 1506 Lake Ave, Wilmette. Too many trees! Sears Arlington from the 1919 Modern Homes catalog. The same Sears Arlington from a 1970's…

sports scores. He would run 7 miles everyday just to get to work. While attending the University of Oregon, Phil Knight ran track under coach Bill Bowerman, who would later co- found NIKE. Phil started off as a journalist, and later became an accountant for Prince Water House and Coopers & Lybrand.…

(2004) described revenue recognition as being “a slippery issue in accounting, an area that has proven ripe for fraud, and that FASB has been wrestling for years” (p.24). The diverse type of companies in the U.S. and the distinct interpretations of accountants contributed the complexity and difficulty to reach a common standard that suits every type of business. Marshall (2004) also quoted April Klein, associate professor of accounting at New York University’s Stern School of Business statement…

The Case Study of Bess Olivia Turmes, Marissa Wendt, Tim Staska Alexandria Technical and Community College A. Diagnosis by Axis’ Axis I: 1. 300.3 Obsessive-Compulsive Disorder 2. Substance Abuse: Alcohol and Sleeping pills Axis II: None Axis III: None Axis IV: Her parents’ divorce. Mothers cleaning impulses and rituals. Her use of alcohol and sleeping pills. Termination of her pregnancy. Axis V: Current GAF: 40-70 B. Confounding Variables There was only one variable that…

Ratios are important for measuring for comparing one hospital to another and financial statements are necessary to compare from another. Accountants, management, and health care administrators are to refer to ratios as a guide to develop a broader convey of the financial standing of the organization. Liquidity ratios have a big part of accounting and health care organizations, and the purpose of them to assess how well the organization is doing in terms of assets. Then, solvency, efficiency, and…