Internal consistency

flags that existed as a result from the fraud committed and the falsifications by the company. To begin with, the company ZZZZ Best didn’t have the best internal control. It felt like falsifying the information would never come out and bring consequences. To maintain an ethical environment internally, the company should have constructed a strong internal control to avoid any unethical events leading to fraud. Another flag would be the way how the contracts were created with some miscalculated…

are always at heart of external validity, and that will set the tone for trustworthy results that can play a key role when sharing certain thoughts or opinions. Validity can be divided into two; external and internal validity. Internal validity refers to the consistency of variables at an internal level that whether the results represent the claims provided while external validity refers to evaluating a sample that is far away or not associated with sample study. Both styles of validation offer…

Weaknesses The company’s involvement in numerous lawsuits constitutes its first weakness, which is not only a past weakness, but also a current one. These litigations impede the company’s brand image in clients’ and investors’ eyes in domestic and foreign markets, and this contributes to company’s amity deterioration. An example of the of these litigations is the consumer class action that was filed against Hewlett-Packard Company in 2011, alleging that this company’s printers’ software were…

Phar-Mor Inc. was a discount drugstore chain that was founded in 1982 by Michael J. “Mickey” Monus. Within ten years of their first store opening, Phar-Mor had 310 stores, and over 20,000 employees in 34 states. Mickey Monus also owned Tamco warehouse, which was the distributer for Phar-Mor. Mickey Monus also owned 60% of each of the ten teams in the World Basketball Leage (WBL). While everything seemed to be growing, and succeeding rapidly, in reality the company was losing money. Between…

from a liquid to a solid). “This leaves the less energetic particles still in the liquid and so the liquid is cooler” (Physicsnet.co.uk, 2010), hence there is less internal energy. As the temperature of matter decreases there is less energy available for heat transfer, and therefore less occurs. In ‘ideal’ situations, when depicted on a graph, the cooling of a liquid has an asymptote just below the temperature of surrounds…

[7] Assume that a close family member came to you with information about a potential fraud at his or her employer. Prepare a summary of the advice you would offer as he or she considers taking the information forward. Before advising information about a potential fraud, it is important for the individual to have an understanding of the facts giving rise to concern. Because understanding of the facts, it helps to avoid prematurely filing a complaint that may be based of perception or emotion.…

Following the pervasive financial losses which occurred as a result of the great depression, the U.S. Securities and Exchange Commission (SEC) was established with the guiding principle to instil confidence in current and potential holders of stocks and bonds that publicly traded companies are managing funds efficiently and appropriately, which is to be achieved through “full disclosure” of the organizations’ financial performance in the form of quarterly and annual financial statements…

Le Wang 20508196 PSYCH 291 Article Review Assignment Mindfulness was a great way to enhance an individual 's life. In the popular press article named Mindfulness Could Improve College Students ' Testing Ability, Study Finds (“Mindfulness Could Improve College Students ' Testing Ability, Study Finds,” 2013), causal claims were reported and supported by an experimental study, including the major claim that mindfulness practice could raise performances in working memory and GRE…

Case Study 2 (Learning Objectives 2, 4: Explain the components of internal control; evaluate internal controls) Each of the following situations reveals an internal control weakness: Situation a. In evaluating the internal control over inventory for the Williams Oil Services Company, an auditor learns that the warehouse receiving clerk is responsible for ordering parts for supply inventory use in drilling services, counts the inventory when received at the dock, records the receipts into the…

• The AICPA's Code of Professional Conduct does not require all employees to sever ties with all audit clients. For example, staff auditors not working on a particular engagement need not sever ties. In this case, the firm exceeds the minimum level of conduct for independence. • The case does not address other ethical requirements. • The case does not mention spouses or dependents of the employees. Spouses and dependents must also be independent, as defined by Section 100--Rule 101 of the…