Financial regulation

Background- Positive Confirmations: Before we perform our audit of Simply Soup Inc.’s cash balance, the audit associate examined the bank reconciliation statement established by the client, and the test shown some supports for the management assertions to the cash balances of the company. Although the test shown some support evidences for the cash balances of Simply Soup Inc., it’s more reliable to test support documents from external sources. Therefore, we have to request the cash…

The fraud perpetrated at Rite Aid could have been detected through the reconciliation of liabilities with monthly statements from the creditors. By reconciling the liabilities with the vendors’ statements, the auditors would have been able to detect any omission of liabilities or the reversal of expenses as was the case at Rite Aid. Also, the auditors could have used analytical procedures such as ratios for the year of audit and compared it to prior periods to detect unusual patterns or trends.…

America: Riveting Prospects, the article written by Ed Crooks, discusses the issues within the United States lack of exporting goods. He briefly touches on five reasons why our economy is not quick to jump at the opportunity that trade can bring. Here within I will discuss those five areas along with my opinion on international commerce. 1. The United States are not custom to selling internationally. Mr. Crooks speaks about there only being 1% of goods exported to other countries at the time…

The overall attractiveness of the industry is moderate. As a whole, the audio entertainment industry provides hundreds of thousands of jobs directly and indirectly. As a consumer, the attractiveness of this industry is high. The consumer has the ability to choose between the programming of AM/FM, internet, and satellite radio, based on their likes and dislikes, vis-a-vi payed programming versus commercial programming. The attractiveness remains high on the part of the consumer due to their…

The cost-plus-award-fee contract is contract where the contractor will offer estimated proposal for the cost to complete the project. The main goal is performance has incentive if contractor reach project’s specification. The incentive is geared towards completing the project to required specification for contractors to have additional compensation. The last resource to be sacrifice is the performance measurements. The downside is the buyer will be obligated to pay the stated fee and any…

The career that I found interesting was Personal Financial Advisor. Personal Financial Advisors have many different responsibilities, and some of those are giving expert advice on insurance, investments, taxes, retirement planning, and many other tasks. As a Personal Financial Advisor, you need to help analyze the financial situation of the client that wants more information or insight on making good investments. Many of the clients could have some goals, and their advisor will be able to set…

seeks equitable opportunity for all ought to support the efforts of the marginalized. That said, young adults who have grown up within the foster care system, are one of those marginalized groups. This article seeks to explore the availability of financial aid opportunities specifically…

This office represents Nicole Braun with respect to two promissory notes signed by SITO’s former Chief Executive Officer, Jerry Hug. A copy of each of those notes is enclosed with this correspondence. The context of each of these notes was service provided by Mr. Hug, as an officer of SITO regarding the attempted disposition by Nicole Brown of restricted SITO shares. Mr. Hug repeatedly represented to Ms. Braun that he had the full authority on behalf of the Company to assist with the disposition…

In the Red Bead Experiment, a small proportion of red beads are interspersed with white beads. In this model, the white beads are desirable by the customer whereas the red beads are not and can be considered as errors. The employee receives instructions on how to collect the beads properly and proceeds to do so. The results are then tallied documenting the number of errors (red beads) which are identified. There are a number of interpretations of the data derived from this experiment…

According to Marisa Warford, “switching from a traditional leave program (sick time and vacation) to a paid-time-off system can have multiply advantageous for employees” (2014, para. 1). For instance, employees can use their PTO for taking a vacation, going to doctor appointments, for a sick leave, or for personal days off from work. Another reason why having a PTO system in effect, is that it can make a significant difference in the amount of unscheduled absence (Warford, 2014). In other words,…