Auditing

MEMORANDUM Writing project 1：Hypothetical 1 TO: Charles Croft FROM: Iceman (Tianjue Tao) DATE: 10/19/2017 SUBJECT: Errors in Client Recommendation and Suggestions I discovered some statistical errors when I dou¬¬¬ble-checked the research for the client proposal. If these errors would change our findings and recommendations to the client, we should amend the mistakes immediately. Otherwise, our client may not only suffer substantial losses, but our firm may even lose business. Under these…

INTRODUCTION Before I start to write this paper, I want to ask one question. Can an individual shareholder complaint before a court, if some wrong has been done to the company? When this question is raised we have to know that the courts are mostly reluctant to interfere in the internal matters of the company. “It is not business of the court to manage the affairs of the company. That is for the shareholders and the directors” . From this statement we can understand that the control and power of…

Before we know about power quality audit we must know about what is audit. Audit The word audit is derived from a Latin word "audire" which means "to hear". During the medieval times when manual book-keeping was prevalent, auditors in Britain used to hear the accounts read out for them and checked that the organisation's personnel were not negligent or fraudulent. Quality Audit Quality audits are performed to verify conformance to standards through review of objective evidence. A system of…

1. Legal aspects A. The first question to analyze is whether Blooms Inc. has consent to collect the data of customers under the General Data Protection Regulation (GDPR). According to Article 7(1) GDPR, the fundamental condition for the data processing based on consent is the ability of the data’s controller to demonstrate that the data subject (i.e. the customer) has consented to the processing of his or her personal data. In the present case, the customers, namely Steven and John, freely and…

GOLDMAN SACHS DEAL WITH PAULSON & CO The Issue: Goldman allegedly failed to disclose to investors that it was betting against subprime mortgage investments it pushed on clients. Essentially, according to the complaint, Goldman pushed a product designed to fail. Introduction: The Goldman Sachs Group, Inc. is an American multinational investment banking firm that engages in global investment banking, securities, investment management, and other financial services primarily with institutional…

Identify the ethical dilemma - what laws did they broke, refer to class lessons and materials for this (Jeffrey Lee) The Enron scandal is the biggest white-collar crime in our era. A white-collar crime is not violent and usually deals with financial motivated situations. In this situation, ENRON officials were completely unethical. One topic that we covered during Case Study number 4 was the “Ponzi scheme” that included Bernie Madoff. This incident can be related to the ENRON scandal because…

Evidentiary privileges shall be governed by the principles of the common law in the light of reason and experience. It is aimed to encourage full and frank communication between attorneys and their clients to promote public interest in the observance of law and administration of justice. Attorney-Client Privilege It is the Client’s right privilege to refuse to disclose or prevent others from disclosing confidential communications between the client and the attorney. Here, Carolyn (C) hires…

1. Discuss Nolan's ethical responsibilities in this situation. I believe that it is absolutely wrong for Nolan to even consider telling Borman about SofTech’s cash problems. As employees of any company, there are certain rules that apply to everyone. Those rules include keeping information pertaining to the company within the company. No one outside of the company should be aware of the cash problems that another company is having. By telling Broman of this situation, Nolan can possibly lose…

1. 5623 Chief Petty Officer (CPO) D. Morrison (Ret) was senior to the undermentioned Rating upon Acting Petty Officer as indicated by the documents at reference. This relative seniority was maintained throughout CPO D. Morrison’s career from his date of confirmation as an Able Seaman until his advancement to Petty Officer (PO). DFNO RANK NAME PO ADVANCEMENT DATE CPO ADVANCEMENT DATE 5686 Chief Petty Officer S. Caribbon 02 January 2007 17 February 2011 2. At reference A, CPO D. Morrison and…

When a person chooses a career it should be one that will be gratifying for that individual. It should be a choice where you will get fulfillment out of your occupation. Most importantly, it should be a choice that is made by the individual only. The profession I’ve decided that would be best for me would be an Internal Auditor. Many question why I would enter in this line of work. I use to ask myself this very same question. After eight years of being in the financial field, I couldn’t…