Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question - You are the audit partner assigned to the audit of La Trobe Financials Ltd. You issued an unmodified auditor's report for the year ended 30 June 2018, indicating that the financial report gave a true and fair view. In December 2018, four employees of La Trobe Financials were charged with systematically and deliberately entering fictitious transactions and embezzling about $20 million. Your firm has been notified by La Trobe Financials solicitors that it is taking legal action against you over the audit for the year ended 30 June 2018. They claim that you and your audit team were negligent in conducting the audit, by failing to identify the fraudulent activities of the employees of La Trobe Financials.
Required -
(a) Detail the legislative actions that have been taken to reduce the extent of an auditor's liability. Explain why these reforms were introduced.
(b) What is the major issue to be considered in determining whether La Trobe Financials was guilty of contributory negligence?
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.
Accounting problems, Draw a detailed timeline incorporating the dividends, calculate the exact Payback Period b) the discounted Payback Period. the IRR, the NPV, the Profitability Index.
Term Structure of Interest Rates
Write a report on Internal Controls
Prepare the bank reconciliation for company.
Create a cost-benefit analysis to evaluate the project
Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR
Distinguish between liquidity and profitability.
Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.
Simple Interest, Compound interest, discount rate, force of interest, AV, PV
CAPM and Venture Capital
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd