Description
Watch the "Concept Review Video: Cost of Capital" video located in the WileyPLUS Assignment: Week X Videos Activity.
I will let you know after I choose geniuses to how to
get a access to video and give you Id & Password, I just can post it in
public :(
Discuss some of the corporate finance challenges faced by this company.
Write a 500- to 700-word summary of your discussion.
Has to be APA format with at least 2 or more references with citations. Needs to be support with citations for any opinions. Has to include and divided into 3 different phases: Abstract (Introduction), Body, Conclusion.
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accounting firm on the audit engagement of the ABC company. One of
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sources other than the textbook, course materials, or additional
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Most Popular Content
Phase II (Planning and Implementation) and Phase III (Evaluation) of the Process Improvement Project
Complete Phase II (Planning and Implementation) and Phase III (Evaluation) of the Process Improvement Project. Refer to th ...
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5 pages
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Tokyo Disney Resort was the first international initiative which was adopted by Disney. The success of this initiative was ...
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Tokyo Disney Resort was the first international initiative which was adopted by Disney. The success of this initiative was due to the Japanese ...
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Read Section 1.6, A Moment in the Life of an HR Manager, from Chapter 1 of the course text and watch Aligning HR With Busi ...
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Colorado State ABC Company Auditor Ethics & Professional Skepticism Response Paper
In 2005, Jill Smith was an audit senior working for a public
accounting firm on the audit engagement of the ABC company. ...
Colorado State ABC Company Auditor Ethics & Professional Skepticism Response Paper
In 2005, Jill Smith was an audit senior working for a public
accounting firm on the audit engagement of the ABC company. One of
Jill’s friends asked her whether she thought that ABC stock was a good
investment. She said yes.Her friend offered to purchase ABC stock on her behalf. Jill provided
$5000 for the purchase placed under her friend’s name. She didn’t want
her name associated with it because of independence concerns; an auditor
is not allowed to own stock in a company that they audit.Auditors that own stock in companies they audit as considered part
owners, and therefore not independent. This may infer with an unbiased
audit because they may make decisions in the best interest of the client
instead of external users. Even if they do conduct an unbiased audit,
if they are stock holders, they may not be perceived as unbiased.Jill continued working on the ABC company account into 2006, and she
failed to comply with the firm’s independence policies by lying on the
yearly disclaimer. The public accounting firm launched an internal
investigation into the matter based on an anonymous tip and terminated
her employment. The PCAOB barred her from serving as an external auditor
for a period of at least one year.
What are the unethical actions of the auditor, Jill Smith?
Discuss what her decisions in this case cost her? Was it worth it?
What are some of the current rules in relation to the independence of an auditor?
In this case, compare independence in fact versus independence in appearance.
Do you think that Jill’s punishment was appropriate? Explain your answer.
Your written response paper should be 3-4 pages in length. Please
type your assignment up in a Word document and follow APA format,
according to the CSU-Global Guide to Writing and APA (Links to an external site.).
Include a title page and reference page. Use two (2) outside academic
sources other than the textbook, course materials, or additional
information provided as part of the course materials.
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