Reference no: EM13886670
Select one of the following PCAOB Disciplinary Orders (available at www.pcaob.org).
1. ORDER INSTITUTING DISCIPLINARY PROCEEDINGS, MAKING FINDINGS, AND IMPOSING SANCTIONS In the Matter of Traci Jo Anderson and Traci Jo Anderson, CPA Respondents; PCAOB Release No. 105-2010-007
2. ORDER MAKING FINDINGS AND IMPOSING SANC- TIONS In the Matter of Ray O Westergard, CPA, Respondent; PCAOB Release No. 105-2010-003
3. ORDER INSTITUTING DISCIPLINARY PROCEEDINGS, MAKING FINDINGS, AND IMPOSING SANCTIONS In the Matter of Williams & Webster, P.S., Kevin J. Williams, CPA, and John G. Webster, CPA, Respondents; PCAOB Release No. 105-2007-001
4. ORDER INSTITUTING DISCIPLINARY PROCEEDINGS, MAKING FINDINGS, AND IMPOSING SANCTIONS In the Matter of Armando C. Ibarra, P.C., Armando C. Ibarra, Sr., and Armando C. Ibarra, Jr., Respondents; PCAOB No. 105- 2006-001
After reading your selected disciplinary order, address the fol- lowing issues:
a. Identify the key audit deficiencies related to accounts, disclo- sures, and assertions in the revenue cycle.
b. For each identified deficiency, indicate the appropriate action that should have been taken by the auditor.
c. In assessing the case overall, indicate (1) whether the auditor had an appropriate level of professional skepticism; (2) if appli- cable, what might have led the auditor to behave in an unethi- cal manner; and (3) whether the sanctions against the auditor/ audit firm seem reasonable.
|
Explain the meaning of cultural competence
: Explain the meaning of cultural competence, its benefits and limits. Describe how the demand-for-services should or should not shape Our Covenant Health Center's approach to its community and original mission
|
|
If an allocation of economic resources is not efficient
: If an allocation of economic resources is not efficient, then some of the potential gains from trade among buyers and sellers are not being realized. Explain why an allocation is inefficient if a good is not being produced by the sellers with the low..
|
|
What is magnetic field strength halfway between two wires
: Two parallel wires are positioned at d = 37.5 cm apart. Initially a current I 1 = 5.19 A flows up the screen through wire 1, and wire 2 has no current in it. What is the magnetic field strength halfway between the two wires?
|
|
Imposes binding price ceiling on competitive market
: When the government imposes a binding price ceiling on a competitive market, a shortage of the good arises, and sellers must ration the scarce goods among the large number of potential buyers.
|
|
Identify the key audit deficiencies related to accounts
: Identify the key audit deficiencies related to accounts, disclosures, and assertions in the revenue cycle. For each identified deficiency, indicate the appropriate action that should have been taken by the auditor.
|
|
What factor does this firm mark up price over marginal costs
: A firm has $2,100,000 in sales, a Lerner index of 0.6, and a marginal cost of $45, and competes against 800 other firms in its relevant market. What price does this firm charge its customers? what factor does this firm mark up its price over marginal..
|
|
Describe the sampling strategy for your research proposal
: Describe the sampling strategy for your research proposal. For each strategy that you did not choose, state why that one is not appropriate for your research questions, hypotheses, and variables
|
|
Stanton marketing has market indicators
: Super Cola is also considering the introduction of a root beer drink. The company feels that the probability that the product will be a success is .6. The payoff table is as follows: Success (s1) Failure (s2) Produce (d1) $250,000 -$300,000 Do Not Pr..
|
|
How did miniscribe inflate its financial statements
: How did MiniScribe inflate its financial statements? What are some of the factors that led to the inflated financial statements? What substantive audit procedures could have uncovered the fraud?
|