Financial endowment

♣ to the audit committee, as in the GM case. NYSE requirements require the audit committee to discuss policies with respect to risk assessment and risk management. However, the NYSE commentary clarifies that the “audit committee is not required to be the sole body responsible for risks assessment and management” [See Part I, Exhibit C Rule 303A.07(b)(iii)(D)]. If the board allocates risk responsibilities to the audit committee, these responsibilities should be thoughtfully addressed in the…

Porter’s Five Forces is a strategic business plan used to assess the competitiveness of business to survive in a tough business market. The components of the Five Forces include the threat of new entrants, the bargaining power of suppliers, the bargaining power of customers, competitive rivalry, and availability of substitutes. The components of the Five Forces can be applicable to any business, but this paper will examine how the Five Forces apply to Wells Fargo. According to the Federal…

Office Depot compete against one another by selling similar products such as office and school supplies. The difference between these two companies may not be very noticeable when looking at them through a broad lens. However, after comparing the financial statements of these two companies, I found that the profitability, liquidity, and solvency of each is what distinguishes Staples from Office Depot. When comparing the profitability of these two companies at the end of the fiscal year, I…

Title IV focuses on enhancing financial disclosures. Section 401 requires all financial statements prepared in accordance with GAAP to reflect all material adjustments identified by the auditors. The section also required the SEC to establish standards to address off-balance sheet transactions. Result was rules for consolidation of variable interest entities. Section 402 prohibits personal loans to directors and executive officers. Section 404 requires that management acknowledge its…

To analyze the development and the legislative history of the Americans with Disabilities Act of 1990 (ADA), it is important to discover the definition of disability as enacted by the United States Congress. “When Senators Weicker and Larkin first introduced the Americans with Disabilities Act (ADA; Public Law No. 101–336 [1990]) in 1988, only 30 percent of people with disabilities in the United States were employed. Title I, the section of the ADA pertaining to employment discrimination, sought…

an essential part of auditor’s inherent risk assessment process. The risk assessment is to understand the entity, its environment, and internal control to identify and assess the risk of material misstatement whether due to fraud or error at the financial statement and relevant assertion levels (AU-C Section 315, 2015) 2. Identify and briefly describe the specific fraud risk factors present during the 2000 NextCard audit. How should these factors have affected the planning and execution of that…

1. Allstar captured an additional 16.5% of the cold product segment of the market. Accordingly, their market share of manufacturer sales of the OTC Cold product market increased from 23.8% to 39.1%. 2. Allround OTC cold medication maintained the leadership position at period 10. The brand awareness was not evaluated specifically each year and instead was monitored by sales. 3. Since the Allstar portfolio of products dominated the market it is reasonable to assume that Allstar’s share price is…

Issue- Did the Ontario Police Department’s search of an issued pager violate the Fourth Amendment? Rule- When a search is conducted for a work-related purpose or for the investigation of work-related misconduct, a government employer’s warrantless search is reasonable if it is justified from the beginning and the measures adopted are reasonably related to the objectives of the search and not excessively intrusive. Analysis- Quon was a police sergeant at the Ontario Police Department. The…

In reviewing both Nike and Under Armor recent financial statements for profitability, solvency and liquidity there is no clear front-runner. The ratio analysis shows advantages to both companies. When deciding to invest in Nike one must analysis the earnings per share, return on equity, and price earnings ratio. First, comparison of profitability ratio findings show mixed benefits to both Nike (NKE) and Under Armor (UA). With interest in net profit margin, return on equity and earnings per…

Wal-Mart Walmart is appealing to a wide range of the bay area community shoppers. I fulfill my accomplishments when I shop at Walmart. When I shop at Walmart what triggers my mind is low cost and name brand products. Walmart is designed for low income community and always have bargain deals to appeal low income families, such as myself. The atmosphere of Walmart is always crowded it does not matter what day or time you go. I have no problem dealing with the crowd because to me it is worth the…