ACC 548 Week 5 Learning Team Assignment Reporting Requirements M to purchase http://allmysolution.com/ACC-548_c119.htm Product Description One issue in accounting is the qualifications of an accountant when working for a client. It is expected that a CPA will not engage in an assignment without proper qualifications. Your firm has the ability to bid on two projects: the first is engagement and examination work—not consulting or audit—for a small county hospital. The second is work for a private, not-for-profit nursing home. Prepare a memo of 700-1,050 words for the senior partner.
There were some WorldCom directors who made entries, but didn’t know what they were for and GAAP support (Mintz & Morris, "Case 2-1 Cynthia Cooper and WorldCom," 2011). An audit committee meeting took place, where the truth was reveled about the “prepaid capacity” and the misleading entries. It was mentioned that there were good business reasons but no accounting rationale for the entries (Cynthia Cooper and WorldCom). According to Mintz, “the due care standard calls for continued improvement in the level of competency and quality of services by performing professional services to the best of one’s abilities” (Mintz and Morris, Ch.1, 2011). Mintz, S. M., & Morris, R. E. (2011).
3. St. Louis testified that while he had told his manager “there ha [d] been unreasonable delays on Mr. Hallee's part” in responding to the audit, he had refused to sign a letter formally accusing Hallee of the same. St. Pierre, claiming that this left the jury with the mistaken belief that St. Louis felt positively toward Hallee, wanted to cross-examine St. Louis regarding evidence that St. Louis, when asked by IRS personnel for names of tax preparers that they might investigate for misconduct, had recommended Hallee's firm to them as a possible
Executive Summary Jackie Patrick, newly appointed loan officer for the Commercial Bank of Canada must make a decision regarding the loan request made by Paul Mackay of Lawsons, a general retail store in the small town of Riverdale, Ontario. Lawsons has had financial issues in the past, but they turn an annual profit. While they are lacking severely in the management department, the company has potential and a loan could benefit them, but if the wrong decision is made, Jackie’s skills could be doubted as she is being scrutinized by her superiors because she is new in her position. In order to both assist Lawsons and protect the bank and herself, Patrick should grant only a partial increase on the loan, as the added money would benefit
Checks are promptly endorsed "For Deposit Only" 2. No list of the checks is prepared by the person opening the mail 3.The mail is opened either by the cashier or by the employee who maintains the accounts receivable records 4.Mail receipts are deposited in the bank weekly by the cashier The purpose of internal controls is the related methods and procedures adopted within an organization to safeguard its assets and to enhance the accuracy and reliability of its accounting records. While I have no indication that employees are stealing, just currently there is no way to be 100% sure. For this reason, my recommendations for improvements of the mail cash receipts process are as follows:
Rachelle Hudson EC321 Money and Banking Federal Reserve Assignment 1. What was the result of the meeting? The meeting went as planned they confirmed the pace of recovery in output and unemployment still continues to be slow. Business spending is rising on equipment and software. Employers are still reluctant to add people to their payroll.
The risk of bad debts must be minimised to enable the company to carry on being profitable. The directors are very aware of the need for computer security and all IT systems are backed up twice each day and passwords are changed every three months. After a thorough review of the credit control function there are a number of weaknesses that have been recognised. Computer System The computer system that is used at the moment is not fit for purpose as the data has to be transferred manually each month causing extra work and a greater risk of error during the transfer. The staff are spending a lot of time each month transferring data in order to be able to produce the financial reports needed.
c) Each of the candidates has some strengths and weaknesses they would bring to the job. What do you consider the major weaknesses of each candidate? Why? MKTG 420 Week 1 DQ 2 Sales Organization Refer to the Developing Your Competencies heading starting
[pic] MEMORANDUM To: TMCI Partners, Employees, and Associates From: 122000167 Date: December 14, 2011 Team, I’m sure that the tough economic times and even tougher realities of our business sector are no secret to anyone in the TMC family. After implementing several measures designed to make TMC more financially viable, it became apparent that we would have to streamline our workforce if we were going to remain competitive. No one from this leadership team was excited about reducing faces from the TMC family. However, in an effort to keep the company healthy and maintain jobs for as many employees as possible, we made the decision to reduce positions in every division. Because force reductions like we had this week are
| Question #6 | Assume that Robert reported the problem to the NTSB and that he has applied for an accounting position with your company. The hiring decision is down to two candidates, Robert and Susan, both of whom are former employees of ABC. John, the person who will make the hiring decision, knows that Robert and Susan both knew of the problem and that Robert reported but Susan did not report. Robert and Susan are equivalent in all other respects. Who do you believe John will hire, Robert or Susan?