Premium Essay

Integrated Case Application Part 2

In:

Submitted By eshaboo
Words 336
Pages 2
Pinnacle Manufacturing:
A Case Study

Auditing 444
Course Project

Professor Ranauto
August 4, 2013
Pinnacle Manufacturing: A Case Study

Part 2.

Section A.
External users’ reliance on financial statements. * Situation 6.: Raising debt to finance a manufacturing plant for Solar-Electro. * Situation 11.: An intercompany loan to Solar-Electro from Welburn skews the financial statements.

Likelihood of financial difficulties. * Situation 1.: Solar-Electro may not have the experience, knowledge, and regulations necessary to succeed in their industry. * Situation 5.; Auto-Electro comprises a significant portion of Pinnacle’s accounts receivable and have not recently made payments. * Situation 6.: Raising debt for construction may strain Solar-Electro’s cash flows, as well as Pinnacle’s. * Situation 9.: Pinnacle is required to keep its current ratio above 2.0, but it is only at 1.75 and has been declining over the last three years. * Situation 10.: Pinnacle has a dispute with the IRS.

Management integrity. * Situation 7.: A Pinnacle vice president owns Todd-Machinery who provides services to Pinnacle. * Situation 8.: Increased turnover amongst higher-level auditing staff. * Situation 10.: Pinnacle’s dispute with the IRS. * Situation 11.: The intercompany loan to Solar-Electro from Welburn.

Section B.
Pinnacle’s acceptable audit risk is medium. The main reason for giving this audit risk a medium is because of the intercompany loan from Welburn to Solar-Electro. The Solar-Electro division of Pinnacle is what is risky, but Pinnacle has proven itself with the diesel engine, so the company as a whole does not show as being risky.
Section C.
Inherent Risk Account or Accounts Affected
Situation 2: Outdated inventory Inventory; Cost of Goods Sold
Situation 3: Computerized Equipment,

Similar Documents

Premium Essay

Case Application Pinnacle Manufacturing

...or read online. So if you need to download Pinnacle manufacturing solution manual pdf gxukzaf then you've come to the right website. We have Pinnacle manufacturing solution manual epub, pdf and kindle formats. We will be happy if you come back to us again. Auditing pinnacle case answers - free eBooks Auditing pinnacle case answers download on Caa2011-2.org free books and manuals search Banbury Impex Case Study http://www.caa2011-2.org/auditing-pinnacle-case-answers/ Pinnacle manufacturing auditing case solution Pinnacle manufacturing auditing case solution download on iubmb-2013-3.org free books and manuals search - CHAPTER 8 8 40 PINNACLE MANUFACTURING SOLUTION http://www.iubmb-2013-3.org/pinnacle-manufacturing-auditing-case-solution/ Pinnacle manufacturing case solution - free Pinnacle manufacturing case solution download on iubmb-2013-3.org free books and manuals search - TIVO HARVARD CASE SOLUTION http://www.iubmb-2013-3.org/pinnacle-manufacturing-case-solution/ Auditing Class Case Study Pinnacle Manufacturing Latest Auditing Class Case Study Pinnacle Manufacturing Solutions Chapter 16 into habitats baystat240 owner manual bendix ws 20 california tax http://www.platformusers.net/rt/auditing-class-case-study-pinnacle-manufacturing-solutions-chapter-16/ Solution For Pinnacle...

Words: 940 - Pages: 4

Premium Essay

Pinnacle

...AUDIT MISSION ANALYSIS PROJECT Integrated Case Application- Pinnacle Manufacturing Table of contents Organizational History INTEGRATED CASE APPLICATION — PINNACLE MANUFACTURING: PART II a. Identification of specific considerations from Parts I and II b. Assessment of acceptable audit risk c. Identification inherent risks INTEGRATED CASE APPLICATION — PINNACLE MANUFACTURING: PART III (1) Controls (2) Deficiencies (3) Control risk Assessment Integrated Case Application- Pinnacle Manufacturing I. Organizational History Pinnacle was set up in 1996 in Pithampur, near city of Indore in Madhya Pradesh (INDIA). Over the last several years the company has continuously invested in and expanded its technology partnerships, manufacturing systems, product range and clientele to emerge as India’s largest commercial vehicle, bus seating and Interiors Company. [pic] INTEGRATED CASE APPLICATION — PINNACLE MANUFACTURING: PART II a. Identify specific considerations from Parts I and II of the case that affect your assessments of engagement risk and acceptable audit risk. Use each of the three factors in the text to...

Words: 916 - Pages: 4

Free Essay

Dynamic Model for Cots Glue Code Development and Cots Integration

...offer specific functionality needed by a larger system into which they might be incorporated. The purpose of using COTS is to lower overall development costs with involving less development time by taking advantage of existing, market-proven, and vendor supported products. But we have no control over the functionality, performance, and evolution of COTS products since their Black-Box nature. Besides, most COTS products are not designed to interoperate with each other and most COTS vendors do not support glue code (sometimes called glueware and binding code). So, most software development teams that use COTS components have difficulties in estimating effort and schedule for COTS glue code development and integration of them into application systems. Without the glue code, the components would be un-integratable and COTS-based systems can be difficult to comprehend, less evolvable than intended, and less reliable than the original components [4]. Most software development teams have also problems in deciding when they start to develop the glue code and to integrate them into system. It highly depends on some factors such as number of COTS components, requirement specification, and availability of COT component required for the developing system. 1.2 Purpose of Study The engineering of COTS-based...

Words: 6667 - Pages: 27

Premium Essay

Assessing Information Technology General Control Risk: an Instructional Case

...Assessing Information Technology General Control Risk: An Instructional Case Carolyn Strand Norman, Mark D. Payne, and Valaria P. Vendrzyk ABSTRACT: Information Technology General Controls (ITGCs), a fundamental category of internal controls, provide an overall foundation for reliance on any information produced by a system. Since the relation between ITGCs and the information produced by an organization’s various application programs is indirect, understanding how ITGCs interact and affect an auditor’s risk assessment is often challenging for students. This case helps students assess overall ITGC risk within an organization’s information systems. Students identify specific strengths and weaknesses within five ITGC areas, provide a risk assessment for each area, and then evaluate an organization’s overall level of ITGC risk within the context of an integrated audit. Keywords: internal controls; general control; ITGC; risk assessment. INTRODUCTION he Sarbanes-Oxley Act (SOX 2002) and the Public Company Accounting Oversight Board (PCAOB) Auditing Standard No. 5 (PCAOB 2007) require that the organization’s chief executive officer (CEO) and chief financial officer (CFO) include an assessment of the operating effectiveness of their internal control structure over financial reporting when issuing the annual report. External auditors must review management’s internal control assessment as part of an annual integrated audit of an organization’s internal controls over financial reporting. In...

Words: 6299 - Pages: 26

Premium Essay

Ethical

...Class of: 2013 Course Title: Financial Risk Management (FRM) Semester: III Credits: 3 Course Objective & Learning Outcome: This course gives students a working knowledge of derivative instruments and their applications in managing various types of financial risks. While doing so, students would understand the organizational aspects of those risk functions and their roles & responsibilities. The emphasis is on mechanics, properties and valuation of forwards, futures, options and swap instruments. In covering these instruments, cases, examples and notes would be sought from markets so as to provide a holistic view of the financial market structure i.e., currency, fixed income, equity and money markets. Cases discussed in the class would be contemporary in nature drawn from international experience. Pre-requisites: Students are advised to be through with Financial Management I, Financial Management II and Quantitative Methods. Students are expected to go through all the reading prescribed before every class and make a meaningful contribution through active class participation. The course is delivered through a combination of case discussions, problem solving, real life risk reports and simulation. The course would have an analytical and numerical flavor and hence students are required to bring their calculators/laptops to every class. Text Book: 1. Hull, John C. & Basu, S., Options, Futures, and Other Derivatives, 7th Edison, Prentice-Hall...

Words: 783 - Pages: 4

Premium Essay

Ndas Answers

...NDAS Case Study – PART 1 Read the following case study and answer the following questions. 1. Briefly describe the current state of NDAS’s office automation, system integration, and networking. Begin by explaining how each department uses information technology, what hardware it uses, and what functions currently are automated. Also assess which department is most in need of a network. [5 marks] The level of automation varies significantly among the NDAS departments and offices. In addition, NDAS is in the process of downsizing to achieve a more cost-effective computer support system. For example, the Sales and Marketing Division has a desktop computer for each of the account representatives. All of these computers are connected to a small local area network (LAN) that serves only the Sales and Marketing Division. The Accounts Receivable Division recently downsized its minicomputer to a powerful desktop computer with a faster processor, motor memory and increased disk storage space. This new desktop supports databases for both customer billing and “bad dept” expenses. The Accounts Payable Division has an older minicomputer and is in the process of downsizing to a modern powerful desktop computer. It has its own vendor database that includes invoices received by NDAS from other carries stored on the older minicomputer. Fleet Maintenance prefers to process all its information manually; however, this area is being considered for automation. None of the departmental...

Words: 1557 - Pages: 7

Premium Essay

--Mk

...Faculty of Business Management & Globalization Faculty of Information & Communication Technology BTECH2411 ● DATA COMMUNICATION & NETWORKING Department Course Name : Faculty of Information & Communication Technology : B Sc (Hons) in Software Engineering with Multimedia, B Sc (Hons) in Information Technology, B Sc (Hons) in Business Information Technology, B Sc (Hons) in E-Commerce B Sc (Hons) in Mobile Computing Semester : 01 Commence Date : Week 9 Deadline Date : Week 12 Unit Controller / Examiner : Pn. Noris Ismail Contact Number : 03-8317 8408 E-mail : norismdn@gmail.com Group Assignment Answer QUESTIONS NDAS Case Study – PART 1 Read the following case study and answer the following questions. 1. Briefly describe the current state of NDAS’s office automation, system integration, and networking. Begin by explaining how each department uses information technology, what hardware it uses, and what functions currently are automated. Also assess which department is most in need of a network. [5 marks] The level of automation varies significantly among the NDAS departments and offices. In addition, NDAS is in the process of downsizing to achieve a more cost-effective computer support system. For example, the Sales and Marketing Division has a desktop computer for each of the account representatives. All of these computers are connected to a small local area network (LAN) that serves only the Sales and Marketing Division. The Accounts Receivable Division recently downsized...

Words: 1815 - Pages: 8

Free Essay

Kft1

...programming techniques. Competency 430.1.6: Software Testing and Troubleshooting - The graduate applies software testing and troubleshooting strategies to determine programming errors and recommend appropriate solutions. Introduction: As a competent programmer, your ability to design and develop algorithms, your proficient use of data structures, and your ability to use the Unified Modeling Language (UML) to communicate and develop object-oriented designs will help you design and develop applications to meet customer requirements. A solid understanding of object-oriented concepts will help you develop applications that are maintainable and extensible. Strong competence in software testing and troubleshooting will allow you to validate and verify your applications to ensure you are delivering a quality product that meets all requirements. You will need to develop a Java application to meet the requirements of this assignment. It is recommended that you use NetBeans as your integrated development environment. To download this program, follow the instructions found at the “Netbeans Download” web link below. Use the following scenario to...

Words: 2139 - Pages: 9

Premium Essay

Mobile Remote

...the Project 1.5 Organization of Project Report 2. Review of Literature 2.1 Domain Explanation 1 1 1 2 2 3 5 5 2.2 State of the current Methodology and Technology used 6 2.3 Methodology and Technology used 2.3.1 Android 2.3.2 Java 2.3.3 Eclipse 2.3.4 ADT Plugin 2.4 Project Overview 3. Analysis and Design 3.1 Requirement Analysis 3.1.1 Functional Requirements 3.1.2 Non-Functional Requirements 3.1.3 Hardware Requirements 3.1.4 Software Requirements 3.2 Project Design 3.2.1 Architecture diagram 3.2.2 Use Case diagram 3.2.3 Activity diagram 9 9 11 12 13 13 14 14 14 14 15 15 16 16 19 20 i 3.2.4 Sequence diagram 3.2.5 State Chart diagram 4. Implementation and Results 4.1 Implementation Details 4.2 Results 5. Testing 5.1 Test Cases 6. Conclusion and Further Work 6.1 Conclusion 6.2 Further Work References Acknowledgements Summary 21 22 23 23 25 29 29 31 31 31 ii LIST OF FIGURES Fig No. Label Page No. 2.1 3.1 3.2 3.3 3.4 3.5 4.1 4.2 4.3 4.4 4.5 Android Architecture Architecture Diagram Showing Components and Connectors Use Case Diagram Activity Diagram for Cursor Positioning Sequence Diagram for Text Input State Chart Diagram of Touch Screen Connection Screen Screen for cursor positioning and object selection Screen for text input keyboard Output on computer for keyboard input Output on computer for switching windows 10 16 19 20 21 22 25 26 27 27 28 iii 1 1. INTRODUCTION 1.1 ABSTRACT Mobile applications are a rapidly developing segment of the global...

Words: 6366 - Pages: 26

Premium Essay

Erp and Kws

...ucu 403business management information systems | Enterprise Resource Planning (ERP) and Knowledge Work Systems | By: | Andrew Otieno BML/00018/1/2012Stanley Mwangi BML/000StellaDavid | Knowledge Management (KM) Knowledge Management involves developing and managing integrated, well-configured knowledge systems and increasingly embedding work systems within these knowledge systems. It involves systematically & actively managing and leveraging stores of knowledge in an organization. To do this, an organization needs to put in place; * Knowledge Work Systems (KWS) – to create knowledge * Office Automation Systems (OAS) – to distribute knowledge * Group Collaboration Systems (GCS) – to share knowledge * Artificial Intelligence Applications (AI) – to capture and codify knowledge Knowledge work systems (KWS) Knowledge work systems, such as scientific or engineering design workstations, promote the creation of new knowledge and ensure that new knowledge and technical expertise are properly integrated into the business. Knowledge work systems (KWS) serve the information needs at the knowledge level of the organization. Knowledge work systems can be defined as the information systems that aid knowledge workers to create and integrate new knowledge into the organization. A knowledge worker is a professional that intensely applies/generates knowledge at work. Their jobs consist primarily of creating new information and knowledge, like engineers, doctors and...

Words: 1896 - Pages: 8

Premium Essay

Software Testing Overview

...requirements in contrary to the actual desire or requirements. Who does testing? It depends on the process and the associated stakeholders of the project(s). In the IT industry, large companies have a team with responsibilities to evaluate the developed software in the context of the given requirements. Moreover, developers also conduct testing which is called Unit Testing. In most cases, following professionals are involved in testing of a system within their respective capacities: Software Tester Software Developer Project Lead/Manager End User When to Start Testing? An early start to testing reduces the cost, time to rework and error free software that is delivered to the client. However in Software Development Life Cycle (SDLC) testing can be started from the Requirements Gathering phase and lasts till the deployment of the software. However it also depends on the development model that is being used. For example in Water fall model formal testing is conducted in the Testing phase, but in incremental model, testing is performed at the end of every increment/iteration and at the end the whole application is tested. Testing is done in different forms at every phase of SDLC like during Requirement gathering phase, the analysis and verifications of requirements are also considered testing. Reviewing the design in the design phase with intent to improve the design is also considered as testing. Testing performed by a developer on completion of the code is also categorized as Unit type...

Words: 6175 - Pages: 25

Free Essay

Project

...A SEMINAR PAPER ON PROSPECT OF INTEGRATED NUTRIENT MANAGEMENT IN AGRICULTURE BY ADELAKUN EMMANUEL OLUWAGBENGA. CSP/07/9943 SUMMITTED TO DEPARTMENT OF CROP, SOIL AND PEST MANAGEMENT. SCHOOL OF AGRICULTURE AND AGRICULTURAL TECHNOLOGY, FEDERAL UNVERSITY OF TECHNOLOGY AKURE IN PARTIAL FULFILLMENT OF THE REQUIREMENT FOR THE AWARD OF BACHELOR OF AGRICULTURE TECHNOLOGY APRIL, 2013. CERTIFICATION This seminar report has been read and approved as meeting the requirement for the award of B.Tech in Crop, soil and pest management. ……………………………….. …………………………… Student’s supervisor Date Dr. Awodun -------------------------------------- …………………………… Head of Department Date TABLE OF CONTENT Certification Table of content PREFACE CHAPTER ONE 1.0 INTEGRATED NUTRIENT MANAGEMENT (I N M) 1.1 GOALS OF INTEGRATED NUTRIENT MANAGEMENT INM 1.2 PLANT NUTRIENT APPLICATION 1.3 ADVANTAGES OF INM 1.4 CONCEPTS 1.5 DETERMINANTS CHAPTER TWO 2.0 THE PLANT NUTRIENT BALANCE SYSTEM 2.1 COMPONENTS OF INTEGRATED NUTRIENT SYSTEM 2.1.1 ORGANIC MANURES 2.1.2 LEGUME PLANTING 2.1.3 BIO-FERTILIZERS 2.2 ESSENTIAL NUTRIENTS 2.3 SOIL CHARACTERISTICS 2.4 PLANT NEEDS CHAPTER THREE 3.0 NUTRIENT CYCLE 3.1 NUTRIENT CONSERVATION AND UPTAKE 3.2 CONCLUSION REFERENCE Preface Plants require from the soil macro nutrients like nitrogen, phosphorus and potassium in large amounts which normally the organic manures are...

Words: 3808 - Pages: 16

Premium Essay

Paper

...Case Study- Director’s Request for PCs using MS Word Table, MS Access, and MS PowerPoint Case Study – Using MS Office 2010 / 2013 / 365 Please use the document “READ FIRST - Case Study Instructions – Director’s Requirements” for each of the parts described below. Part 1: Specifications Table (MS Word) Use the project description HERE to complete this activity. For a review of the complete rubric used in grading this exercise, click on the Assignments tab, then on the title Case Study Part 1 - PC Specs (Word)– click on Show Rubrics if the rubric is not already displayed. For the case study provided to you, create MS Word tables that identify and contain the hardware and software requirements to meet the director's requirements. The MS Word document in its final form will include 6 MS Word tables. It will include a two-paragraph narrative summary that classifies the user type and identifies the PC category that will be recommended. The specific instructions are found in the table at the end of this file. Students are expected to conduct external research to adequately address all aspects of the assignment requirements. It is suggested that students use a computer manufacturer's site (i.e., Apple, Dell, Toshiba) to help in identifying all the components needed to meet the director's requirements. Remember, although there are 5 computers to be purchased, you are required to configure only one, as the same one may be purchased for all 5 employees. Any outside...

Words: 2182 - Pages: 9

Free Essay

Low Frequency Amplifier

...UNISONIC TECHNOLOGIES CO., LTD TDA2030 14W HI-FI AUDIO AMPLIFIER DESCRIPTION The UTC TDA2030 is a monolithic audio power amplifier integrated circuit. LINEAR INTEGRATED CIRCUIT FEATURES * Very low external component required. * High current output and high operating voltage. * Low harmonic and crossover distortion. * Built-in Over temperature protection. * Short circuit protection between all pins. * Safety Operating Area for output transistors. *Pb-free plating product number: TDA2030L ORDERING INFORMATION Ordering Number Normal Lead Free Plating TDA2030-TA5-T TDA2030L-TA5-T TDA2030-TB5-T TDA2030L-TB5-T Package TO-220-5 TO-220B Packing Tube Tube PIN CONFIGURATION PIN NO. 1 2 3 4 5 PIN NAME Non inverting input Inverting input -VS Output +VS www.unisonic.com.tw Copyright © 2007 Unisonic Technologies Co., Ltd 1 of 13 QW-R107-004,D TDA2030 ABSOLUTE MAXIMUM RATINGS (Ta=25°C) LINEAR INTEGRATED CIRCUIT PARAMETER SYMBOL RATINGS UNIT 18 Supply Voltage Vs V Input Voltage VIN Vs V 15 Differential Input Voltage VI(DIFF) V Peak Output Current(internally limited) IOUT 3.5 A Total Power Dissipation at Tc=90°C PD 20 W Junction Temperature TJ -40~+150 °C Storage Temperature TSTG -40~+150 °C Note: Absolute maximum ratings are those values beyond which the device could be permanently damaged. Absolute maximum ratings are stress ratings only and functional device operation is not implied. ELECTRICAL CHARACTERISTICS (Refer to the test circuit, Vs PARAMETER...

Words: 3557 - Pages: 15

Premium Essay

Data Warehousing

...Data Warehousing Essay, Research Paper Contents 1. Introduction 2. What is a data warehouse 3. Past, Present and Future 4. Data Warehouses and Business Organisations 5. Conclusion 6. Bibliography 1.0 Introduction In recent years, data warehousing has emerged as the primary method of analysing sales and marketing data for a competitive advantage. As the number of knowledge workers using the data warehouse/data mart grows and the amount of data increases daily, performance problems have become a major concern of both the Information Systems staff and the users. Many options have been tried in an attempt to solve the performance problems – from bigger hardware to different software or database tuning and redesign using star schemas or snowflake data structures. However, all have limitations – either in functionality or in terms of cost – and their strengths are almost inevitably outstripped by users’ demands. During the past three years, data warehousing has emerged as one of the hottest trends in information technology for corporations seeking to utilise the massive amounts of data they are accumulating. Managers from all business disciplines want enterprise wide information access, as well as the ability to manipulate and analyse information that the company has gathered for a single purpose, to make more intelligent business decisions. Whether to increase customer value, identify new markets or improve the management of the firm’s assets, the data warehouse...

Words: 3367 - Pages: 14