| | |CONSOLODATION: | |US GAAP vs IFRS | | | |
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Case Study 6.1: Harley-Davidson, Inc. Zachary NewComer 11/06/14 Auditing Prof. Riggs (1)Identify the most significant new business risks facing Harley-Davidson as a result of integrating eBusiness into its supply-chain management system and by allowing suppliers to have access to the company’s Intranet. If your instructor does not specify the number of risks for you to identify, list at least three. 1. Suppliers might leak information to Harley-Davidson’s competitors 2. Suppliers might not
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Fraud Schemes and Fraud Investigation Acc 571 Instructor: Dr. Ole Ruankaew Diane Phillips November 22, 2015 Fraud Schemes and Fraud Investigations The problem that organization faces today, are employee fraud. Many organizations feel that long term success of any company comes from the quality of their employees and workers loyalty. While during my research, I discovery that Association of Certified Fraud Examiners, Inc. has shown that organization have lost five percent of their annual
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settlements for their involvement in financial reporting process. * Audit failures rarely result from the deliberate collusion of auditors with client. Instead, auditors may find it psychologically impossible to remain impartial and objective. * AICPA: auditors should achieve a level of independence * Courts’ view: auditors must act in the interest of external users of F.S. * However, such impartiality is impossible under current institutional arrangements. The Structure of the Auditing
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basically saying they want you all accounting firms and accountants to be uniform. They don’t want any outliers doing something completely different on their accounting reports when another accountant is following the set of standards given to him by AICPA and FASB. FASB has a need for balancing their accounting considerations and economic consequences. Political process is basically a process that forms and administrates public policy that is usually between the interaction between social groups and
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Audit Problems ACC 623 Test 1 Review I) Intro to Auditing a. The Need for High quality Information: i. Financial information is relied upon by investors to make their investment decisions, creditors to make lending decisions, and by other parties that include vendors, customers, and potential merger or acquisition partners. It is extremely important that this information be reliable since significant sums of money are at stake in these investment and lending decisions.
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Memorandum To: All Clients From: Jennifer Lopez – Junior Accountant Date: September 03, 2012 Subject: SAS 115 - Statement on Accounting Standards CC: Learning Team B As your accounting firm, we will continue to provide you with professional, accurate, financial information. As your auditor of choice, know that we follow the rules and guidelines set forth under the Statement of Accounting Standards (SAS) to ensure your financial auditing needs are met. We appreciate your continued business
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References American Institution of CPAs. (2014). Code of Professional Conduct: ET Section 100-1 Conceptual Framework for AICPA Independence Standards. Retrieved from http://www.aicpa.org/Research/Standards/CodeofConduct/Pages/et_100.aspx Bhattacharjee, S., & Moreno, K. K. (2013). The Role of Auditors' Emotions and Moods on Audit Judgment: A Research Summary with Suggested Practice Implications. Current Issues In Auditing, 7(2), 1-8. Gendron, Y., Suddaby, R., & Lam, H. (2006). An Examination of
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Adelphia Communications scandal By Insert name Insert institution Adelphia Communications scandal Introduction Adelphia Communications Company was a television cable company whose headquarters centered in Coudersport, Pennsylvania. It ranked as the fifth most prestigious cable companies in United States. John Rigas is the founder of the company. The company was highly respected until an infamous scandal ensued following claims of bankrupt in 2002, at which time its headquarters relocated
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Adelphia Communications scandal Matthew Tassin Trident University Ethics 501 Introduction Adelphia Communications Company was a television cable company whose headquarters centered in Coudersport, Pennsylvania. It ranked as the fifth most prestigious cable companies in United States. John Rigas is the founder of the company. The company was highly respected until an infamous scandal ensued following claims of bankrupt in 2002, at which time its headquarters relocated to greenwood Village
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