Internal consistency

considering financial and non-financial information. B. The inherent risk and the control risk relevant to Toshiba The inherent risk in Toshiba Inherent risk is the possibility of occurrence of material incorrect information if ignoring company’s internal control (Moroney et al., 2014). Below are three inherent risks relevant to Toshiba: 1. Risk related to business Toshiba is one of Japan largest manufacturer company in energy and infrastructure, healthcare systems, and electronics…

What is justice? Is it making things the way they ought to be, or just the way they were before some wrong occurred? The 2005 Supreme Court case Kelo v. New London generated renewed discussion about this question as it pertains to just compensation for eminent domain takees (Wyman ). Ideally, would it be more just to yield to takees’ subjective judgements of how much value they lost with the taking or to award compensation based on objective standards? The first option corresponds to simply…

“Be the change you wish to see in the world” is a statement that I now live by as an adult. As a child, I have always had aspirations of becoming a physician. However, at that stage, I did not understand the difficulty of addressing health and medicine. This “change” occurred when I finally realized the complexity of my identity and observed the health inequality of a specific group of people. My goal is to become an internist and pursue a career in academic medicine to address the health…

Carter V. Tokai Financial Services, Inc. In the case, it follows Randy P. Carter and Tokai Financial services, Inc. where Tokai sued Carter for money that was not given under a lease agreement that the two had entered. It as stated that ARC made 4 of the rental payments before they defaulted on the obligation they had with Tokai. Following the ceasing of payment, Tokai the repossessed the equipment and sold it for $5,900. After the sale, Tokai brought a suit against in which they were awarded…

Weak Internal Control Internal controls are systems put in place by an organisation to ensure its efficient performance and delivery of its services to stakeholders. It also ensures that in situations where activities does not go as planned, the damage does not affect the productivity of the organisation by having contingency plans. Internal Control also has to do with reliable financial reporting and compliance with rules, policies and laws which are all ensured by the management of the…

Question 5 Apex Healthcare Berhad The sustainability disclosure made on the company’s website is disclosed the same information with the disclosure made in the annual report 2014. While, there are something difference between the sustainability disclosures made on the company’s website and the annual report 2013. In the annual report 2013, Apex Healthcare Berhad does not organized the “gotong- royong” sessions in schools, which will help and support them to fight against dengue menace. They…

JPMorgan Chase & Co is a worldwide enterprise in banking and financial services, headquartered in New York City. They operate in more than 100 countries and employ about 235,000 people. They specialize in market, treasury and investor services, as well as investment, management, and private banking. The corporation takes the time to focus on employee benefits, offering insurance for vision, dental and healthcare and providing savings and employee stock purchase plan. In 2015, JPMorgan Chase…

Chapter three of “Ethical Dilemmas and Decisions in Criminal Justice” we focused on what is ethical and moral. However now there is a transition from chapter three on to chapter four where now it is explored why a human may or may not be ethical or what may cause someone to transfer from good to evil. Though to be specific we are looking for the light in criminal justice professionals to guarantee they act ethically. As said by Pollock, “Philosophers, religious scholars, biologists, psychologist…

uncover the lack of controls at BAC. The question that needs to be answered is whether or not, KPMG, had any exposure in the matter. In accordance with GAAS, AU Standard 3.16.04 states that “management is responsible for designing and implementing internal controls to prevent, deter, and detect fraud”. As MS&Co’s auditors, KPMG did not have the responsibility to investigate what the auditors for BAC were doing. BAC’s auditors, DCH, were responsible for their entity but because they…

After reviewing some of disadvantage of redundancy in the intelligence community, and the results of these disadvantages. Redundancy can be fixed systematically. However, its long process to bring all 16 agencies to play same music. The clandestine collection operations around world conduct by collectors depend on the time and situation of the mission. The 9/11 committee recommendations about sharing information and avoiding redundancy can be translated to practical by reform the structure of…