Reference no: EM131182362
DISCUSSION QUESTIONS
1. Reviewing GM's financial information in GM Exhibit 1 and its stock price in GM Exhibit 2, when do you first see signs of GM's impending financial distress?
2. In referencing professional standards, what factors should auditors consider in evaluating potential going-concern uncertainties?
3. Considering your response to questions 1 and 2, do you believe that the going-concern uncertainty was warranted? Do you believe that Deloitte & Touche should have issued a going-concern opinion prior to 2008?
4. What economic factors existing in the United States during 2008 might have accelerated Deloitte & Touche's decision to issue an audit opinion modified to disclose going-concern uncertainties?
5. Do you believe that the events immediately following GM's bankruptcy alleviated the concerns that led to the issuance of the going-concern uncertainty? What issues would auditors need to consider in evaluating the ability of General Motors Co. (the new GM) to continue as a going concern?
6. Many companies believe that a going-concern opinion is aself-fulfilling prophecy(that is, when a company receives a going-concern opinion, customers will not purchase products with warranties, suppliers will not provide short-term credit, and investors and creditors will not invest or loan). Would GM's going-concern opinion influence your decisions regarding either purchasing a car from GM or investing in GM's stock? Is a going-concern a self-fulfilling prophecy?
|
What is the sum of the maximum size of an independent set
: What is the sum of the maximum size of an independent set and the minimum size of a vertex cover in a graph G? Hint: it is useful to think both about the independent set and its complement (relative to the vertex set).
|
|
Which will hit the ground first
: Projectile A with a speed of 30m/s and Projectile B with a speed of 60 m/s, are released horizontally and simultaneously from the top of a tower a. Which will hit the ground first?
|
|
Describe the levels of data measurement
: Contrast quantitative data and qualitative data. Use two Peer Reviewed references. Evaluate tables and charts used to represent quantitative and qualitative data. Describe the levels of data measurement
|
|
Prove that g is bipartite with parts x and y
: Let G be a connected graph with no odd cycles. Let x beavertex of G. Let X be all vertices at an even distance from x, and let Y be all vertices at an odd distance from x. Prove that G is bipartite with parts X and Y.
|
|
Reviewing gms financial information
: What economic factors existing in the United States during 2008 might have accelerated Deloitte & Touche's decision to issue an audit opinion modified to disclose going-concern uncertainties?
|
|
What have you learned about statistics
: The question to address is: "What have you learned about statistics?" In developing your responses, consider - at a minimum - and discuss the application of each of the course elements in analyzing and making decisions about data
|
|
Write the introduction to the risk management plan
: Write the introduction to the risk management plan exploring the risks types and risk trends associated with the banking industry with a particular emphasis on a publicly traded bank.
|
|
Find the number of comparisons using binarysearch
: Write a program to find the number of comparisons using binarySearchand the sequential search algorithm.
|
|
Contractor only propose pricing
: Can a contractor only propose pricing for all zones within one or two of the geographic regions? Is a bid for less than three geographic regions unresponsive?
|