Audit

As discussed, I understand that the insurer’s preferred accounting provider was retained to provide their opinion regarding the claimant’s IRB entitlement, however, the insurer’s retention of a professional accountant does not undermine the claimant’s consumer right under SABS s.7(4) to retain their own professional accountant. The funds set aside for this type of report by the insurer is not discounted even if the insurer decides to hire their own third party accounting professionals. The…

Before discussing about anything, let us know what precisely is "legal writing"? Legal writing is a kind of particular written work used by lawful counsels, judges, lawmaking body, and others in law to express legitimate analysis and legal rights and duties. Legal writing before long is used to advocate for or to express the determination of a client's legal matter. There are generally two sorts of legal writing. The fundamental type requires a balanced analysis of a legitimate issue. Instances…

While it may be true that the economic decline results in poor fitness level in Corpora, this argument’s author assumes numerous facts which cannot be taken for grant and requires further evidence. As discussed below, careful scrutiny reveals that it lacks solid and strong evidence and therefore is unconvincing. To begin with, the author’s claim of expert’s mistake is questionable. Citing expert’s mistake, the author assumes that using computer does not have influence on fitness level because…

The tax crime investigation by the IRS is one of the complex weapons of the IRS. It is mostly used in a small scale proportion of cases. However, it has a devastating impact. It can carry personal, financial, social ruin, great monetary fines, disappearance of specialized licenses and incarceration. Normally, you will not discover that an IRS criminal investigation is on until when it very late. But, in some cases, you will receive notice signs. A revenue general officer disappears after…

S4-7 Based on the homeless shelter’s closing adjusted book balance and the amended ending bank balance; it would appear that the bank balance is understated by $1000 ($3600 less $2600) since the adjusted book closing balance equals $3600 and the adjusted bank closing balance equals to $2600. Thus, it can be concluded that the employee stole from the homeless shelter. After all adjustments have been factored, such as - deposits in transit to the bank unpresented cheques, service charge, and so…

The mortgage crisis occurred due to banks lending large mortgages to people who thought this was acceptable because the value of their homes would only rise. 2. When the value of homes started to decline, banks asked for payment on mortgages which in turn, forced people to make all their assets, including stocks, liquid to pay their debts (Davies, 2008). 2) With the stock prices bottomed out because of mass forced selling, they began to rise after the government bailouts of the financial…

In 2003, The Kite Runner, was published and has since become an international bestseller, published in 70 countries. In 2006 he was named a goodwill envoy to UNHCR, the United Nations Refugee Agency. His second novel, A Thousand Splendid Suns was published in May of 2007. Currently, A Thousand Splendid Suns is published in 60 countries. Khaled Hosseini has a strong relationship with his home country, Afghanistan. Hosseini has been working to provide humanitarian assistance in Afghanistan through…

Case 11.1: Accounting/Finance Ethics Scenarios Main Ethical Issue(s) Financial professionals are often confronted with fiduciary issues which challenge their integrity, honesty, and ability to be transparent with stockholders and customers. They may be pressured to make decisions or participate in accounting practices that are clearly against company policy, financial or accounting rules, regulations, and code of ethics. In all three scenarios, employees are asked to make such decisions.…

Integrity: A professional accountant should be honest and straightforward in all of his business and professional relationships Objectivity: in order to override business and professional judgments, a professional accountant must not allow bias, conflict of interests and undue influence of others. Professional Competence and Due Care: while providing professional services, a professional accountant should act diligently and in accordance with application professional and accounting standards…

limiting a person’s ability to gain access to this information through the initial vetting process, the ability to enact stronger countermeasure to combat the threat from insiders is only strengthened. (Kramer, Heuer jr, Crawford 2005, 3) In the past history of Insider threats derived in the intelligence community, a factor that had been a driving factor was financial instability, or even greed for the matter. (Kramer, Heuer jr, Crawford 2005, 26) This poses an ability to determine potential…