User Account

All Pages

What potential ethical and legal issues could be presented

Assignment Help Accounting Basics
Reference no: EM13341104

The CEO of your company has asked you to help prepare for the upcoming company audit. One of the items the CEO has asked you to do is suggest a number of sources in which you could get information that would be needed to prepare the description of internal control in the audit working papers.

  • Prepare a memo that you will present to the CEO in which you do the following:
    • Suggest the sources from which you can obtain information that would be needed to prepare the description of internal control in the audit working papers.
    • Explain what potential ethical and legal issues could be presented if these sources are not found.
    • Develop solutions for those issues.

Reference no: EM13341104

Questions Cloud

Find the period of the resulting motion of the box : on a horizontal, frictionless table, an open-topped 5.30-kg box is attached to an ideal horizontal spring having force constant 360 N/m. Find the period of the resulting motion of the box
Evaluate the percent dissociation of the acid : Calculate the percent dissociation of the acid to 3 significant figures. % ============= 2. The pH of a 4.28×10-3 M solution of a weak base that will accept only one proton is 7.17. Calculate the percent dissociation of the base to 3 significant f..
How long after the blue ball is thrown at the same height : The force of gravity due to the earth results in the balls each having a constant downward acceleration of 9.81 m/s2 How long after the blue ball is thrown are the two balls in the air at the same height
How far is the camera''s lens from the photoreceptors : A person with a digital camera uses a lens of focal length 15.0mm to take a photograph of the image of a 1.40cm -tall seedling located 9.80cm behind a double-convex lens of 17.0cm focal length
What potential ethical and legal issues could be presented : Explain what potential ethical and legal issues could be presented if these sources are not found and Develop solutions for those issues.
State the expression for ka1 and ka2 for sulfurous acid : when sulfur dioxide, an air pollutant from the burning of sulfur-containing coal or oil, dissolves in water, an acidic solution is formed that can be viewed as containing sulfurous acid, H2SO3. H2O + SO2(g) HsSO3(aq) Write the expression for Ka1..
Determine the key issues facing management : Select an organisation that you are either familiar with (you may, or may have, worked there) or have researched. Ideally, choose an organisation within the professional services sector.
Compute the initial speed of the bullet-block system : A bullet with mass 5.18 g is fired horizontally into a 1.915-kg block attached to a horizontal spring. The spring has a constant 6.21 102 N/m, Find the initial speed of the bullet-block system
What is ratio of the free-fall accelerations at two location : A "seconds pendulum" is one that moves through its equilibrium position once each second. (The period of the pendulum is precisely 2.000 s.) The length of a seconds pendulum is 0.9928m at Tokyo and0.9941m at Cambridge, England.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Introduction to consolidated financial statements

Paige, Inc. owns 80% of Sigler, Inc. During 2011, Paige sold goods with a 40% gross profit to Sigler. Sigler sold all of these goods in 2011. For 2011 consolidated financial statements, how should the summation of Paige and Sigler income statement..

  How should the controller respond

How does a customer benefit by our spending $50,000 on a supposedly better accounting system?" How should the controller respond?

  Construct a choice table for interest rates

Each alternative has a 10 year useful life and no salvagevalue. Construct a choice table for interest rates froom 0% to 100%

  Classifying items into variable and fixed costs

Which of the following is an example of a variable cost?

  Allowance for bad debts

The allowance for bad debts os contra to which one of the following accounts?

  Find the differences in accounting for these two situations

In the second situation, the exchange lacks commercial substance. Please explain to Stan, in your own words, the differences in accounting for these two situations.

  What is the importance of the cash budget

What is the importance of the cash budget? Has anyone ever been involved in the budgeting process? Tell us about your experiences.

  Merchandise inventory balance

The accountant for the Orion Sales Company is preparing the income statement for 2007 and the balance sheet at December 31, 2007. Orion uses the periodic inventory system. The January 1, 2007 merchandise inventory balance will appear:

  Hedging-selecting correct futures hedge

You're a US company with a customer that is going to pay you 10,000 Euros in six months. The correct futures hedge for this condition is to enter in a contract in which you buy Euros (True or False)

  Analytical procedures for the sales

How are the tests of controls, substantive tests of transactions, and analytical procedures for the sales and collection cycle, payroll and personnel cycle, and acquisition and payment cycle similar? How do the cycles differ?

  What was the approximate life of the asset

Madison Industries uses the straight-line depreciation method. One asset had been purchased for $9,000. Annual depreciation expense was $800 after considering a residual value of $1,000. What was the approximate life of the asset?

  Journal entries and t-accounts for decort company

DeCort Company had these adjusting entry situations at the end of December:May 1-paid $960 for a two -year insurance policy. The policy was for the period May 1-April 30(for 2yrs). This is the first year of the policy-Transaction was recorded as i..

Free Assignment Quote

Assured A++ Grade

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd