Reference no: EM131321587
Case Study: Groupon
Read Case Study 5-10: Groupon in Chapter 5, page 333 of your text.
In two to three pages, supported by evidence from your text and from other research (at least one resource is required), answer the following questions:
1. What is the responsibility of management and the auditor with respect to the internal controls of a client?
2. Groupon disclosed a "material weakness" in its internal controls saying that it had failed to set aside enough money to cover customer refunds. Do you believe the company engaged in fraud with respect to customer refunds? Why or why not?
3. Groupon blamed EY for the admission of the internal control failure to spot the material weakness. Do you agree that EY should have spotted the internal control weakness earlier and taken appropriate action? Include in your response the role that risk assessment should have played in EY's actions.
The paper
• Must be two to three double-spaced pages in length (not including title and references pages) and formatted according to APA style as outlined in the Ashford Writing Center.
• Must include a separate title page with the following:
o Title of paper
o Student's name
o Course name and number
o Instructor's name
o Date submitted
• Must use at least two scholarly sources in addition to the course text.
• Must document all sources in APA style as outlined in the Ashford Writing Center.
Must include a separate references page that is formatted according to APA style as outlined in the Ashford Writing Center.
|
Minimum distance required for the car to stop
: Suppose that a 920 kg car is traveling at +20 m/s. Its brakes can apply 4596 N of force. What is the minimum distance required for the car to stop?
|
|
How are they connected to form a wireless network
: Infrared devices exchange beams of light to communicate. Is this the method used in wireless communication? Explain how a communication link between two wireless devices is established.
|
|
Determination of dysfunctional occurrences within a family
: Essentially, it focuses on family structure, putting into consideration the unspoken rules that organize interactions between family members. The proper understanding of the structural family theory facilitates the determination of dysfunctional o..
|
|
About the portfolio beta
: You own a stock portfolio invested 10 percent in Stock Q, 35 percent in Stock R, 20 percent in Stock S, and 35 percent in Stock T. The betas for these four stocks are .75, 1.90, 1.38, and 1.16, respectively. What is the portfolio beta?
|
|
What is the responsibility of management
: What is the responsibility of management and the auditor with respect to the internal controls of a client - Do you believe the company engaged in fraud with respect to customer refunds? Why or why not?
|
|
Difference between this stress-strain relationship
: A rubber is subjected to a shear stress such that λx=l, λy=1. Obtain an expression relating the shear stress, and the shear strain, assuming shear strain=λ-1/λ. Comment on the difference between this stress/strain relationship and the one for simp..
|
|
How much is the stock worth
: Using CAPM. A stock has a beta of 1.15, the expected return on the market is 11 percent, and the risk-free rate is 5 percent. What must the expected return on this stock be? ABC will pay a dividend of $3.00 and dividends will grow by 8%. The risk fre..
|
|
Single-slit diffraction pattern
: Diffraction. In a single-slit diffraction pattern, the forth-order minimum is 1.5° from the center. What's the slit width if the wavelength is 450 nm? and 650 nm?
|
|
Yellow sodium light and observe
: Double-slit experiment. (a) Suppose you illuminate the slits with 589 nm yellow sodium light and observe a 4.5 cm bright-fringe spacing on a screen 1.75 m away.
|