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Read The Economist article,
"No mariachis, please: Some Canadians think they are more important than Mexicans" and "Don't keep on trucking:Mexico retaliates against American congressmen who want closed borders"
As stated in chapter 8, the gains made by Mexico from joining NAFTA have been disproportionate to its neighbors to the north (the US and Canada). Was the US's actions in denying Mexican trucks access to US highways in 2009 warranted when it comes to saving transportation jobs? Explain.
Also, should Canada seek to strengthen its hand with Washington by negotiating stronger bilateral agreements at the expense of Mexico? Why or why not?
Why do auditors find it necessary to use sampling? What are the risks associated with sampling? How might these risks affect the audit conclusion?
Describe the elements of the Generally Accepted Auditing Standards (GAAS). Describe how these standards apply to financial, operational, and compliance audits.
While internal auditors and external auditors should have complementary interests and goals, there are differences in their scope of work. For this discussion, explore the advantages and disadvantages of selecting outside independent auditors vers..
Historic cost should be replaced by an alternative measurement base in order to make financial statement more useful. Critically discuss this statement, concluding with whether or not you agree with it.
Prepare a two-page audit critique, and include each of the following: Briefly describe the purpose of the audit (identify the type of audit). Briefly describe the method(s) used during the audit
How can you do what you think is the right thing without undermining your senior or undermining the manager's confidence in your ability to get a job done?
Determine whether the responsibility to hire and fire audit managers should have prevented the firing of the chief of internal auditing by management for reporting fraudulent activity.
A significant component of an audit program is the examination of the organization's internal control procedures and if they are being followed.
Prepare a schedule of equivalent units for each cost element for the month of March using the first in first out (FIFO) method and calculate the cost per equivalent unit for each cost element for the month of March using the weighted average method..
1.Micromedia offers computer training seminars on a variety of topics. In the seminars each student works at a personal computer, practicing the particular activity that the instructor is presenting.
Comment on the appropriateness of work done and conclusions drawn by the audit staff and recommend the right course of action, where applicable.
Beeline Manufacturing produces two types of industrial ventilation machines: heavy-duty and standard. The assignment basis for overhead costs has always been direct labor hours. For 2013, Beeline compiled the following data for the two products:
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