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CC Company Responsibilities Changes Due to Impact of Sarbanes Oxley Act Memorandum
Part 1Your long-time client, Central Office Supply, has been rapidly expanding and the board of directors is considering t ...
CC Company Responsibilities Changes Due to Impact of Sarbanes Oxley Act Memorandum
Part 1Your long-time client, Central Office Supply, has been rapidly expanding and the board of directors is considering taking the company public. CEO Terry Puckett has heard that costs of operating a public company have increased significantly as a result of the Sarbanes-Oxley Act. Puckett is particularly concerned with reports that audit fees have doubled because of internal control provisions of the Public Company Accounting Oversight Board’s (PCAOB) Auditing Standard No. 5. Puckett has asked you to explain the possible effects on the audit of complying with the requirements of Sarbanes Oxley.Required:Referencing this week’s lecture, draft a letter to Puckett outlining the changes in the company’s responsibilities for internal control and in the audit due to Sarbanes-Oxley and PCAOB Auditing Standard No. 5. JPart 2Suppose you are auditing cash disbursements and discover several payments to a company you are unfamiliar with and cannot find information about the company on the Internet or in the local telephone directory. The invoices from this company have numbers very close to each other in the sequence, there is no phone number on the invoice, and each bill is a for a dollar amount just under the amount that would require additional approvals before payment. Based on this information, you now suspect this may be a fraud.Required:Based on your suspicions, how would you change the audit procedures you would perform and how might you change the evidence you gather? Reference this week’s lecture to inform your post.
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https://s22.q4cdn.com/253594569/files/doc_downloads/2018/12/7835154_DeereCompany_2018.10.K.PDF Net Income (2018) was $2,36 ...
Financial Statement Write Up
https://s22.q4cdn.com/253594569/files/doc_downloads/2018/12/7835154_DeereCompany_2018.10.K.PDF Net Income (2018) was $2,368.4 million. Net income was ...
ACCT 542 CSUN Providing Tax Consulting Services to a Married Couple Case Study
Initial Facts: Assume it is still September 1, 2020. Jim and Jane were married last year, in
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ACCT 542 CSUN Providing Tax Consulting Services to a Married Couple Case Study
Initial Facts: Assume it is still September 1, 2020. Jim and Jane were married last year, in
November of 2019. On the advice of their current CPA, to maximize a tax refund, they would
like to file a joint tax return on or before October 15, 2020. They have made an appointment to
see you for a second opinion on their filing status for 2019, as well as their filing status going
forward.
Jim is a real estate broker and operates his business through an S-corporation. Jane has a
bachelor’s degree in accounting and works as an auditor for the County of Los Angeles. Jim’s
corporation’s profit and loss statement shows a profit of $40,120 for 2019. Jane’s salary in 2019
was $75,000.
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Wells Fargo Case 3
Wells Fargo experienced a loss of confidence from its customers due to a series of scandals. The most recent scandal was falsifying and accessing 2.1 ...
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The learning environment includes the teacher desk on the right side. This gives the teacher a clear supervision to the children in class. Teacher’s ...
Florida Gateway College World War 2 Conferences Quiz
This is a test grade but you can use your books and the internet. It is just a bigger assignment so I'm making it worth m ...
Florida Gateway College World War 2 Conferences Quiz
This is a test grade but you can use your books and the internet. It is just a bigger assignment so I'm making it worth more of the percentage of the classes grade. This week is all about WWII which is an amazing event, however so many people have watched movies or documentaries and read books that I wasn't sure how much you knew or didn't know. I would REALLY like for you to read over you textbook it does a really good job. The assignment I want you to concentrate on will be the WWII conferences. As always if you have any questions or issues please let me know. There is a crash course video on WWII that is AMAZING. if you have time (13 minutes) you should check that out.Part ILink (Links to an external site.)Loading media...Minimize embedded contentPart IILink (Links to an external site.)WWII Conferences AssignmentPick two Conferences and tell me1. Who attended?2. Where it was located.3. What decision was reached?4. How are they going to reach that goal?Choose from these Conferences:Atlantic Conference (1941)Casablanca Conference (1943)Cairo Conference (1943)Teheran Conference (1943)Yalta Conference (1945)Potsdam (1945)Interpreting Events:Answer the following questions at the bottom of the assignment. How many conferences did Churchill attend? Stalin? Roosevelt?How would this continuity have affected the conferences?Explain how decisions made at the Atlantic and Yalta Conferences affected the structure and purpose of the United Nations.Why were concessions made to the Soviet Union in Eastern Europe and Asia?How did the conferences, intended primarily to work toward ending World War II, also seek to prevent a third world war?What problems might have been anticipated as a result of the Yalta Conference decisions? Explain.
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Most Popular Content
CC Company Responsibilities Changes Due to Impact of Sarbanes Oxley Act Memorandum
Part 1Your long-time client, Central Office Supply, has been rapidly expanding and the board of directors is considering t ...
CC Company Responsibilities Changes Due to Impact of Sarbanes Oxley Act Memorandum
Part 1Your long-time client, Central Office Supply, has been rapidly expanding and the board of directors is considering taking the company public. CEO Terry Puckett has heard that costs of operating a public company have increased significantly as a result of the Sarbanes-Oxley Act. Puckett is particularly concerned with reports that audit fees have doubled because of internal control provisions of the Public Company Accounting Oversight Board’s (PCAOB) Auditing Standard No. 5. Puckett has asked you to explain the possible effects on the audit of complying with the requirements of Sarbanes Oxley.Required:Referencing this week’s lecture, draft a letter to Puckett outlining the changes in the company’s responsibilities for internal control and in the audit due to Sarbanes-Oxley and PCAOB Auditing Standard No. 5. JPart 2Suppose you are auditing cash disbursements and discover several payments to a company you are unfamiliar with and cannot find information about the company on the Internet or in the local telephone directory. The invoices from this company have numbers very close to each other in the sequence, there is no phone number on the invoice, and each bill is a for a dollar amount just under the amount that would require additional approvals before payment. Based on this information, you now suspect this may be a fraud.Required:Based on your suspicions, how would you change the audit procedures you would perform and how might you change the evidence you gather? Reference this week’s lecture to inform your post.
4 pages
Financial Statement Write Up
https://s22.q4cdn.com/253594569/files/doc_downloads/2018/12/7835154_DeereCompany_2018.10.K.PDF Net Income (2018) was $2,36 ...
Financial Statement Write Up
https://s22.q4cdn.com/253594569/files/doc_downloads/2018/12/7835154_DeereCompany_2018.10.K.PDF Net Income (2018) was $2,368.4 million. Net income was ...
ACCT 542 CSUN Providing Tax Consulting Services to a Married Couple Case Study
Initial Facts: Assume it is still September 1, 2020. Jim and Jane were married last year, in
November of 2019. On the ad ...
ACCT 542 CSUN Providing Tax Consulting Services to a Married Couple Case Study
Initial Facts: Assume it is still September 1, 2020. Jim and Jane were married last year, in
November of 2019. On the advice of their current CPA, to maximize a tax refund, they would
like to file a joint tax return on or before October 15, 2020. They have made an appointment to
see you for a second opinion on their filing status for 2019, as well as their filing status going
forward.
Jim is a real estate broker and operates his business through an S-corporation. Jane has a
bachelor’s degree in accounting and works as an auditor for the County of Los Angeles. Jim’s
corporation’s profit and loss statement shows a profit of $40,120 for 2019. Jane’s salary in 2019
was $75,000.
5 pages
Wells Fargo Case 3
Wells Fargo experienced a loss of confidence from its customers due to a series of scandals. The most recent scandal was f ...
Wells Fargo Case 3
Wells Fargo experienced a loss of confidence from its customers due to a series of scandals. The most recent scandal was falsifying and accessing 2.1 ...
5 pages
Learning Environment
The learning environment includes the teacher desk on the right side. This gives the teacher a clear supervision to the ch ...
Learning Environment
The learning environment includes the teacher desk on the right side. This gives the teacher a clear supervision to the children in class. Teacher’s ...
Florida Gateway College World War 2 Conferences Quiz
This is a test grade but you can use your books and the internet. It is just a bigger assignment so I'm making it worth m ...
Florida Gateway College World War 2 Conferences Quiz
This is a test grade but you can use your books and the internet. It is just a bigger assignment so I'm making it worth more of the percentage of the classes grade. This week is all about WWII which is an amazing event, however so many people have watched movies or documentaries and read books that I wasn't sure how much you knew or didn't know. I would REALLY like for you to read over you textbook it does a really good job. The assignment I want you to concentrate on will be the WWII conferences. As always if you have any questions or issues please let me know. There is a crash course video on WWII that is AMAZING. if you have time (13 minutes) you should check that out.Part ILink (Links to an external site.)Loading media...Minimize embedded contentPart IILink (Links to an external site.)WWII Conferences AssignmentPick two Conferences and tell me1. Who attended?2. Where it was located.3. What decision was reached?4. How are they going to reach that goal?Choose from these Conferences:Atlantic Conference (1941)Casablanca Conference (1943)Cairo Conference (1943)Teheran Conference (1943)Yalta Conference (1945)Potsdam (1945)Interpreting Events:Answer the following questions at the bottom of the assignment. How many conferences did Churchill attend? Stalin? Roosevelt?How would this continuity have affected the conferences?Explain how decisions made at the Atlantic and Yalta Conferences affected the structure and purpose of the United Nations.Why were concessions made to the Soviet Union in Eastern Europe and Asia?How did the conferences, intended primarily to work toward ending World War II, also seek to prevent a third world war?What problems might have been anticipated as a result of the Yalta Conference decisions? Explain.
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