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    Attention-deficit hyperactivity disorder (ADHD), is diagnosed when children display persistent age-inappropriate symptoms of inattention, hyperactivity and impulsivity. Since ADHD is one of the most common (3% to 5%) childhood mental disorder, a lot of controversies debated whether behavioral therapy (BT) or medication alone (MM) would be more efficient as the treatment for ADHD (Arnold et al., 1997, p.865). In 1992, the Collaborative Multimodal Treatment Study of Children with ADHD (the MTA),…

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    Audit committee expects the external auditors to figure out all material errors and instances of frauds which is nearly impossible. Accounting Scandals due to External Auditors: Corporate accounting scandal frequency in the last past decade is alarming and has caused the public to question the role of the auditors in corporate governance. The numerous…

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    1. What clues caused Jane to suspect that fraud was involved? The first clue that Jane came across as suspicious was that some of the checks did not have a complete endorsement from the collectors. This would be suspicious because if a check was cashed without having the necessary endorsements there must be a breach in the company’s internal controls. After looking further into the situation Gus and Jane notice that along with the endorsement problem the signatures of several different…

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    Audit Compliance Summary

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    According to section 301.4 of SOX 2002, the public company audit committee is required to implement procedures for the receipt, retention, and treatment of complaints received by the whistleblowers concerning auditing matters, internal accounting controls, or accounting. Also, the complaints have to be treated confidentially by the audit committee by making whistleblowing procedures for the submission around dubitable accounting or auditing matters to be anonymous. To encourage this, the audit…

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    Section 404 Case Study

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    Internal Control and an external audit that needs to provide an opinion on its reliability. The section requires a report that acknowledge the responsibility of management for creating and maintaining internal controls in order to manage the risk that can potentially cause inaccurate, fraudulent or incomplete data to be disclosed to stakeholders. The report should also contain the effectiveness of the internal control structure as of the end of the most recent fiscal year. External auditors…

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    Major Warren Planner Case

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    After stepping into Major Warren’s position, there are several considerations that could be made and certain activities that could be done differently from his initial implemented plans. When preparing for such an extraordinary meeting, it is important when the planners consider other factors apart from the intelligence reports that are available. As a planner of such an event of this magnitude, the first thing to do is to assess the past events that have taken place in the country of such…

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    PCAOB Lawsuit

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    There are a lot of many different companies in many different industries across the globe. One of those industries is the accounting industry. Which has many different careers and titles; there is tax accountants, forensic accountants, financial advisors, and auditors. This essay will discuss what the PCAOB does, some consequences if firms do not do their audit correctly, a recent lawsuit, and what they did in result after the lawsuit. Like other accounting firms, the PCAOB has several duties.…

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    Pollard's Fraud Case Study

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    . In May 1984, he borrowed money from a co-worker and bounced several checks trying to repay him. In July 1984, Pollard’s supervisor received a letter of indebtedness from the Navy Federal Credit Union reporting that Pollard was delinquent in repaying a loan. His supervisor failed to report the letter to the OIC and did not record the financial troubles in Pollard’s file. In post-arrest interviews, Pollard claimed to have perceived anti-Israel/anti-Semitic sentiment from coworkers and…

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    Select one of the studies presented at a Friday seminar workshop during the first semester. For this study, identify both a threat to internal validity and a threat to construct validity. In each instance, explain why the threat that you’ve identified is a threat and how significant a threat it is. King, Massoud and Song (2016), suffers from multiple validity threats of varying degrees of significance. Internal Validity As the principle-agent problem goes much of the way to explain the results…

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    Abstract: A truck scale fraud occurred in Pratt Recycling recently. There was collusion between the scale operator and several peddlers. The operator overstated the net weight information on the weight tickets and would create fictitious weight tickets when no weighing had taken place. Pratt started to require more documentation from peddlers and updated an automated scale system. Moreover, Pratt strengthened its monitoring process and adopted other internal control methods. Also, Pratt…

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