Term Sample

In: Business and Management

Submitted By titaa
Words 305
Pages 2
3-30 (Rules of Conduct) There currently are 11 rules in the Code Professional Conduct. Listed below are circumstances pertaining to these rules.
Required:
a) Identify the rule to which each circumstances relates
b) Indicate one other circumstance that pertains to each rule identified in (a) above.


1. Members shall not express an opinion that the financial statements are presented in conformity with GAAP unless the pronouncements of the FASB have been followed. a) Rule 203 – Accounting Principles (125, 126) b)
2. A member shall not discriminate in employment of assistants.
3. A member shall not include self-laudatory statements that are not based on verifiable facts in advertisements.
4. A member shall not accept a commission for a referral to a client of products of services of others.
5. A members’ fees may vary depending on the complexity of the service rendered
6. A member is not precluded from responding to an inquiry by trial board the AICPA
7. A member many not serve as a trustee for any pension trust of the client during the period covered by the financial statements
8. A member shall adequately plan and supervise an engagement
9. A member may not have or may be committed to acquire any direct financial interest in the client
10. A member shall not practice under a misleading firm name.
11. A members hall not knowingly subordinate his or her judgment to others
12. A member shall follow the technical standards of the auditing Standards Board in an audit engagement
13. A member bases the fee on the findings determined by the IRS in a tax audit case
14. A member discloses confidential information in a peer review of the firm’s practice
15. A member issues an unqualified opinion when a lien departs from GAAP because a conceptual disagreement with the…...

Similar Documents

Sample

...COMPANY: Long Term Capital Management OVERVIEW: The following Case Study addresses an amazing Company called “Long Term Capital Management” (LTCM). This is a fascinating story of big time business and the ignored impact of the omnipresent timeless, Ten Early Warning Signals. These Signals can be controlled and converted into profitable success or perilously ignored at the risk of losses and eventual failure. DATE PREPARED: July 4, 2007 CASE STUDY PREFACE During our three decades of “hands on” Business Survival Consulting” assignments we would constantly push to improve Client profitability. Profit Improvement in one form or another is, of course, the foundation of a successful turnaround. During this process we clarified and expanded upon three axioms that, to a greater or lesser degree, are generally unknown and/or certainly under utilized in the quest to improve corporate profitability in American Business. These three axioms are: AXIOM ONE: “Key People Know” Who knows a company better than the key people in a company? Nobody does! The collective knowledge of key personnel, if properly focused and channeled, can be an omnipotent Profit Improvement force for top management in their Profit Improvement efforts. AXIOM TWO: “Crisis Avoidance and/or Crisis Correction” constitutes the basic operating environment of most “for profit” companies. In its most simple approximation, 20% of Businesses are generally crisis free. The next 60% of Businesses are involved in a series of...

Words: 6971 - Pages: 28

Sample

...The role of IT in supporting the organization’s other departments during the move The Information Technology department at Riordan Manufacturing during the move will follow strict guidelines to support each department during the move. The most critical of the move is that the core business processes are not interrupted. These include the daily collaboration of managers with the manufacturing, purchasing, engineering, and logistics staffs, and the critical tasks of integrating enterprise resource planning with accounting, pricing, and finance. During the move the consideration of the software platforms and applications relied on to support these processes such as e-mail, the website, intranet portals, content management systems, manufacturing-related processes, including inbound and outbound logistics, time. and materials scheduling. To ensure these processes are not interrupted the systems and databases that contain records will be first replicated and moved to a short-term hosting center in Shanghai. The Information Technology will assume the roles of IT infrastructure, ensuring that the proper procedures for server and desktop, network cabling is installed properly, the installation of server cabinets and racks for switches are put in place properly, and the VoIP telephones lines are all working prior to move. The plan will ensure minimal down-time by preparing present operations and to patch schedules and relocations one department at a time. Having the newly moved...

Words: 354 - Pages: 2

Sample

... contracts, borrowing short term, discounting, factoring, government exchange risk guarantees and currency options. Netting involves associated company with debts, possibly as a result of trade with each other. Netting reduces banking costs. Leading and lagging mechanism simply involves making advance payments or delaying payments on amount due and denominated in the foreign currency. Pricing policy refers to the changing prices according to the expected change in exchange rates. There may be less foreign risk under fixed exchange system than under a floating rate system. Since the floating exchange rate change, currency values are determined by supply and demand (eng et.al, 1994). These are the certain recommendations to the GHC, which can help to financial risk reduction. 3) The issues that affects recent development and opportunities are: GHC has also been approached by Governments of individual supplier countries with a view to encouraging GHC to establish manufacturing, processing and finishing facilities in those countries. GHC has also been approached by Governments of individual supplier countries with a view to encouraging GHC to establish manufacturing, processing and finishing facilities in those countries. The factors that affect these issues are: Taxation: the repatriation of profit is very important and complex topic. According to Buckley (2004) profits made and cash flows earned in a foreign country are of no value to the corporation if they cannot be...

Words: 2437 - Pages: 10

Sample

... concentrate and them sell it to the bottlers, who adds a sweetener to the carbonated water and then pack it in the bottles and cans. These bottlers can be either the Pepsi itself or the franchisees who work on behalf of Pepsi. One half of the sale of the Pepsi is through the company owned bottlers (COBO) and other half of the sale is through the franchisees bottlers (FOBO). FOBO’s had the right to the product and then sells it in the defined territory and is not allowed to market the competitive brand. Then through the distribution channel the product reaches to the retailer who finally sells the product to the consumers. The principle retail outlets for the CSD are the supermarkets, convenience stores, fountain services and thousands of small outlets. PURCHASE AND CONSUMPTION PATTERN Industry research suggests that the purchase of the soft drink is unplanned, i.e. sometimes it is more and sometimes it is less depending on the demand in the market, the schemes that are provided to the retailers, the displays provided, the incentives given and on the relationship of the salesman and the retailers. The sale of soft drinks is a seasonal affair. The sale increase tremendously during the summer season and falls down during the winter season. COMMON TERMS USED IN PEPSI-COLA SYSTEM RGB (refilled glass bottles): This term is generally used for the 300 and 200 ml glass bottles. Bottle: This term refers to the......

Words: 2938 - Pages: 12

Sample

...-On-History.aspx‎ Free essays on History available at echeat.com, the largest free essay community. Free history essays website | Facebook https://www.facebook.com/freehistessays‎ Free history essays website. 3 likes · 0 talking about this. History Essays - Free Essays :: Paper Writing www.freeessays.cc/db/26/history/‎ Research database of history essays for students. You can find just about any report or essay on history you want. Historical Events Free Essays 1 - 30 - Term Paper Warehouse www.termpaperwarehouse.com/class/Historical-Events/1/0‎ Free Essays on Historical Events for students. Use our papers to help you with yours 1 - 30. FREE A-LEVEL ESSAYS - Tripod members.tripod.com/alevel_essays/‎ Welcome to Free Alevel Essays, we offer free history and english essays for the average, lazy student. If you can't find the essay you are looking for, don't forget ... Free History Essays 1 - 30 Anti Essays www.antiessays.com/free-essays/history/‎ Get instant access to free History Essays from Anti Essays. 1 - 30. Free History Essays | Custom writing blog www.effectivepapers.com/blog/tag/free-history-essays‎ Sample Essay on History: The historical development of the world in the 20th century was marked by the paradoxical difference between the declared objectives ... Searches related to free history essays free american history essays free world history essays free civil war...

Words: 740 - Pages: 3

Sample

... that enable them to learn how their organization approaches tasks and to determine what they would like to change. Open Space Technology Search Conferences. Search conferences represent one of the oldest forms of large-group interventions. They were originally developed in England by Emery and Trist (1973) in the 1960s, and have been further developed by Emery and Purser (1996). They have been used in a number of different countries (e.g., Babiiroglu, Topkaya, & Ates, 1996; Emery, 1996). Search conferences basically take place in twO"to threeday offsite meetings in which 20 to 40 organizational members participate. Participants are chosen based on their knowledge of the system, their diversity of perspectives, and their potential for active participation. Search conferences involve several phases, each of which includes multiple components. First the participants pool their perceptions of significant changes in their environment that affect their organization. Next they focus attention onthe past, present, and future of their organization, ending with the generation of a shared vision based on participants' ideals for a more desirable future. The intent is to develop long-term strategies that enhance the system's capacity to respond to changing environmental demands. In the final phase they work on next steps, action plans, and strategies for dealing with the environment. The conference structure is explicitly democratic, and participants are fully responsible for the......

Words: 6321 - Pages: 26

Sample

...SAMPLING DISTRIBUTIONS Simple Random Sample A simple random sample X 1 , , X n , taken from a population represented by a random variable X with mean  and standard deviation  , has the following characteristics.  Each X i , i  1,, n , is a random variable that has the same distribution as X, and thus the same mean  and standard deviation  . The X i ’s are independent random variables implying the following identity:  V  X 1    X n   V  X 1     V  X n    2     2  n 2  The sample mean, X where X  X1    X n , is a continuous random variable n with mean  X   and standard deviation  X  of the mean. Sampling Distribution of the Mean  , known as the standard error n Result 1: If X is Normal, then X is Normal and Z  of the sample n. X   n , regardless of the size Result 2: If n is large enough, n  30 , then X is approximately normal and X  Z , regardless of the distribution of the population random variable X.  n Sampling Distribution of the Proportion For a binomial random variable X with parameters n (sample size) and  (probability of X success or population proportion), the sample proportion is given by p  . n The sample proportion p is a continuous random variable with mean  p   and standard deviation  p   1    n . Result 3: If n is large enough, n  5 and n1     5 , then p is approximately p  normal and Z  .  1    n Why? We want to use......

Words: 360 - Pages: 2

Sample

...Chapter 1 Research Background Real estate is a long-lived, heterogeneous, and unique asset involves the cross-disciplinary fields (Boon, 2005). According to the Tharatchai (2009), real estate is one of the significant asset that significantly contribute to the national economy, involving machinery, building, acquisition of various property rights and others. By the way, the related term of real estate for this research is about the building, which is classified into two categories such as commercial property and residential property (Christudason, 2004) Dunhill (2009) had mentioned that in these recent years, Malaysia property is getting a lot of attention from local and foreign investors (Dunhill, 2009). Government had injected the stimulate package cost RM650 million into the construction sectors by allowing more projects for residents in the mid year 2009 (Khim, 2008). This effort is included in the Ninth Malaysian Plan with ‘Malaysia my second home’, as Malaysian government had eliminated the restriction to promote the foreign investment. In addition, an increase of the output growth has result in the productivity and employment growth. Meanwhile, the higher productivity effect of growth will increase the employment sector as well as increase the income of individual. As the income level and economic condition have been increased, the Malaysian is prepared to commit to more spending such as the purchase of property and making investment. So, it will increase...

Words: 1137 - Pages: 5

Sample

...* Sample samplesfafdfasdf a fasfdfa fasdfadf asdf sdf Home * Mail * News * Sports * Finance * Weather * Games * Groups * Answers * Screen * Flickr * Mobile * More Yahoo Finance ------------------------------------------------- Top of Form | Search FinanceSearch Web | Bottom of Form Marco Mail ------------------------------------------------- Follow Yahoo Finance *   *   * Tue, Sep 9, 2014, 3:17pm EDT - US Markets close in 43 mins  ------------------------------------------------- Top of Form Following                                                                                                                              Bottom of Form % | $ Quotes you view appear here for quick access. | ------------------------------------------------- Top of Form   Bottom of Form * Finance Home * My Portfolio * Market Data * Yahoo Originals * Business & Finance * Personal Finance * CNBC * Contributors Compare Brokers Apple unveils larger iphones, smartwatch, Apple Pay By Yahoo Finance15 minutes agoYahoo Finance * * * * * ------------------------------------------------- * ------------------------------------------------- * ------------------------------------------------- View Comments (54) Share this ------------------------------------------------- Top of Form Bottom of Form...

Words: 2794 - Pages: 12

Sample

...CASE STUDY 2 1) Do you think Amazon Fire Home Hub as described in Nidhi’s proposal is the right strategy for Amazon to pursue and why? After carefully analyzing Nidhi’s proposal we came to conclusion that Nidhi’s proposal have certain limitations: 1. According to Nidhi’s proposal, Amazon will allow the users to choose from a list of ISPs and DTH providers. But as we know in existing model, DTH provider use their own set top box (hardware). So it is very less likely that they will allow their services to be used using Amazon fire hub.(What will they do with their hardware in case they decide to go with Amazon fire hub) 2. Major players who have the capability to provide both DTH and Internet services have potential to provide a product like Amazon fire hub by investing in R&D. So it is very less likely that there will be any alliance with them either in short term or long term. 3. In fact, concept of providing a list seems to be unfeasible. For example: say I am company A providing DTH services to customer X using Amazon fire hub. Now customer X wants to move to company B who also provide DTH service. Now in this case company A is losing its customer to company B. Same thing can happen to company B as well. So in this model as there is more flexibility for the customer to move, higher is the risk for company to lose its customer. This is something which is undesirable by any company. Business Plan for Amazon Fire Home Hub 1 COMPANY SUMMARY Amazon.com which is the...

Words: 2496 - Pages: 10

Term Sheet Sample 2014

...This sample document is the work product of a national coalition of attorneys who specialize in venture capital financings, working under the auspices of the NVCA. This document is intended to serve as a starting point only, and should be tailored to meet your specific requirements. This document should not be construed as legal advice for any particular facts or circumstances. Note that this sample document presents an array of (often mutually exclusive) options with respect to particular deal provisions. TERM SHEET Preliminary Note This term sheet maps to the NVCA Model Documents, and for convenience the provisions are grouped according to the particular Model Document in which they may be found. Although this term sheet is perhaps somewhat longer than a "typical" VC Term Sheet, the aim is to provide a level of detail that makes the term sheet useful as both a road map for the document drafters and as a reference source for the business people to quickly find deal terms without the necessity of having to consult the legal documents (assuming of course there have been no changes to the material deal terms prior to execution of the final documents). TERM SHEET FOR SERIES A PREFERRED STOCK FINANCING OF [INSERT COMPANY NAME], INC. [ __, 20__] This Term Sheet summarizes the principal terms of the Series A Preferred Stock...

Words: 5905 - Pages: 24

Sample

...INTRODUCTION Dear Mr. Arbors: As we agreed two months ago, I have prepared this report for your company, Waterloo Brewing. Waterloo, at present, runs a Local Area Network (LAN), with a server and 4 dumb terminals. Currently, this system is protected with a surge suppression system, in the form of special wall receptacles that trips a breaker if a spike occurs. There is no protection on the phone line. This report offers technical background information on an alternative power protection device designed specifically for businesses that use LANs in their day-to-day operations; that device is called an uninterruptible power supply (UPS). This report compares three of the top name brands in UPSs in a point-by point comparison and offers conclusions and final recommendations for the purchase of a UPS, as well as a glossary to help define terms that are unfamiliar. TECHNICAL BACKGROUND Background on power supplies To reduce the risk of losing data to power failure, many companies protect their servers with uninterruptible power supplies. A UPS uses batteries to provide power to a connected computer in the event of a brownout or blackout. "Dirty power" is the industry term for changes, variances, and disturbances that occur during normal usage of utility provided power. A perfect sine-wave can become system-shocking "dirty power" without notice and can cause extreme damage to data and computers alike. Other equipment nearby can produce "noise on the line" that can...

Words: 2860 - Pages: 12

Sample

... MAYLYN S.R. TALAMPAS 831 Perias, La Torre Talavera, Nueva Ecija 3114 0916-738-5162 maylynstalampas@gmail.com OBJECTIVE To obtain an internship in system development. EDUCATION 2012 – Present COLLEGE OF THE IMMACULATE CONCEPTION Completed 146 units Bachelor of Science in Information Technology GPA: 94.73 Dean’s List: AY 2012-13, 1st Term, 2nd Term; AY 2013-14, 1st Term, 2nd Term; AY 2014-15, 1st Term, 2nd Term Anticipated Graduation: March 2016 Major Course Work: Computer Programming I & II, Object Oriented Programming, Web Development, Network Management System, Database Management System I & II, Professional Ethics for IT, Emerging Computer Technologies, Distributed Systems, Systems Analysis and Design, Project Management, Software Engineering 2008 – 2012 STO. DOMINGO NATIONAL TRADE SCHOOL Vocational Course: Drafting Technology High School Diploma, March 2012. Honorable Mention. GPA: 91.22 CO-CURRICULAR ACTIVITIES 2014 – 2015 Governor, Polymath Club SEMINARS ATTENDED September 2015 13TH PHILIPPINE YOUTH CONGRESS ON INFORMATION TECHNOLOGY Youth for Information Technology, SMX Convention Center, Pasay City September 2015 SAITE 2015 TORO.io Hackathon (Day 2) Competitor PSITE Region III, Wesleyan University, Cabanatuan City February 2015 1st ISRCCS & SCITE 2015 PSITE & SSITE, AUF Sports and Cultural Center, Angeles City...

Words: 373 - Pages: 2

Term Paper Sample

...Sample Essay for termpaper Presented Problem   After examining the incident, there are some key things that stick out as major risks, these include:   • Accounts existed before EHR system was deployed. • Accounts were undocumented. • Non Authorized remote users had access to the EHR application. • Undocumented account was created/added to a new system. • Method or Vulnerability to gain privilege escalation outside of change control policy.   This led me to propose three policies, each address some of these key issues from separate fronts. The three policies include a Remote Access Policy, Application Deployment, and a Routine Maintenance policy. The Remote Access policy aims to correct the issue that non-authorized users were able to access the EHR system. HIPAA has included provision in the Security Rule that allows for remote access, but with certain limitations. I have included provision that restricts remote access based on Job Role and Job Necessity(ISO 27002:2005, 7.1.1), and restricted to assets that are owned by the hospital which have enhanced security (ISO 27002:2005, 7.1.1) (NIST, 164.312(a)(1))(ISO 27002:2005, 11.4.2). The Application Deployment policy aims to close security loop holes that appear to have been open for months before the EHR system was even deployed. There were no check on accounts when importing, and no alerts when permissions were escalated. Some of the key standards that I see as aiding in creating this policy is better change...

Words: 1204 - Pages: 5

Term Sample

...3-30 (Rules of Conduct) There currently are 11 rules in the Code Professional Conduct. Listed below are circumstances pertaining to these rules. Required: a) Identify the rule to which each circumstances relates b) Indicate one other circumstance that pertains to each rule identified in (a) above. 1. Members shall not express an opinion that the financial statements are presented in conformity with GAAP unless the pronouncements of the FASB have been followed. a) Rule 203 – Accounting Principles (125, 126) b) 2. A member shall not discriminate in employment of assistants. 3. A member shall not include self-laudatory statements that are not based on verifiable facts in advertisements. 4. A member shall not accept a commission for a referral to a client of products of services of others. 5. A members’ fees may vary depending on the complexity of the service rendered 6. A member is not precluded from responding to an inquiry by trial board the AICPA 7. A member many not serve as a trustee for any pension trust of the client during the period covered by the financial statements 8. A member shall adequately plan and supervise an engagement 9. A member may not have or may be committed to acquire any direct financial interest in the client 10. A member shall not practice under a misleading firm name. 11. A members hall not knowingly subordinate his or her judgment to others 12. A member shall follow the technical standards of the auditing Standards Board in...

Words: 305 - Pages: 2