ACTUAL PRACTICE & PROBLEMS OF AUDIT PROCEDURE REPORT ON: AMTRANET GROUP UNDER SUPERVATION: Shah Ridwan Chowdhury Lecturer‚ Dept. of Management Studies. Jagannath University‚ Dhaka. PREPARED BY: Group Name: Knowledge Fighter. Section-A‚ B.B.A (3rd Batch) Department of Management Jagannath
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“The Tell-Tale Heart”? Poe’s story is told from the narrator’s point of view. This point of view is effective for the story because it gives the reader a sense of what was going on in the narrator’s mind. 2. Point to details in the story that identify its speaker as an unreliable narrator. In the beginning of the story‚ the narrator states that he is mad. Throughout the story‚ especially at the end‚ the narrator hears things that no one else can hear‚ making him an unreliable narrator. 3.
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Crazy Eddie Case Questions 1. Compute key ratios and other financial measures for Crazy Eddie during the period 1984-1987. Identify and briefly explain the red flags in Crazy Eddie’s financial statements that suggested the firm posed a higher-than-normal level of audit risk. There were several red flags in Crazy Eddie’s financial statements. The company’s higher-than-normal level of audit risk can be determined by completing a ratio analysis of the financial statements. An analysis of key ratios
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Eddy Current 1. The principles of eddy current testing depend on the process of electromagnetic induction. 2. This process includes a test coil through which vary or alternating current (AC) is passed. 3. A varying current flowing in a test coil produces a varying electromagnetic field around the coil‚ As shown in this diagram Amperage * # of coils= strength of magnetic field 4. The electromagnetic field produced around the coils is directly proportional
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CRAZY EDDIE ANALYSIS In 1969‚ Eddie Antar‚ a 21-year-old high school dropout from Brooklyn‚ opened a consumer electronics store with 150 square feet of floor space in New York City. In spite of this modest beginning‚ Antar would eventually dominate the retail consumer electronics market in the New York City metropolitan area. Crazy Eddie Inc. was a retail consumer electronics store in New York City‚ by 1987; Crazy Eddie Inc. had 43 retail outlets‚ sales exceeding $350million‚ and outstanding stock
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CASE 1.8 Crazy Eddie‚ Inc. In 1969‚Eddie Antar‚ a 21-year-old high school dropout from Brooklyn‚ opened a consumer electronics store with 150square feet of floor space in New York City 1 Despite this modest beginning‚ Antar would eventually dominate the retail consumer electronics market in the New York City metropolitan area. By 1987‚Antar’s firm‚ Crazy Eddie‚ Inc.‚ had 43 retail outlets‚ sales exceeding $350 million‚ and outstanding stock with a collective market value of $600 million. Antar
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timing of the audit‚ fees that will be charged‚ and access to necessary documents. Another important information that may be included is the arrangement of the use of internal auditors‚ limitation of liabilities of the auditor‚ additional services‚ and their arrangements. 3-6 List the matters an auditor should consider when developing an audit plan. The matters an auditor should consider when developing an audit plan include a description of the nature‚ timing‚ and extent of the audit producers. These
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How does the main character define themselves? Eddy Okubo defines himself as a patriotic American who is willing to sacrifice his life for his country and family’s honor. Although his dad is a Japanese‚ and wants him to go to Japan for college and to learn the Japanese way of life‚ Eddy has different ideas about his future that is settled around his friends and America. “Finally‚they were letting us be real soldiers. I was proud to stand up for something I believed in‚ no matter what guys like Sweet
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Crazy Eddie 1. 2 . If better‚ more complete audit procedures were performed‚ it is likely that many of the major accounting irregularities and fraudulent practices could have been uncovered. a) The falsification of inventory count sheets: The auditors could have conducted full physical inventory counts‚ or performed random inventory counts at warehouses or stores undisclosed to the management at Crazy Eddie prior to the tests. This would have prevented the management from strategically
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Crazy Eddie‚ Inc. Common Size Balance Sheets March 1‚ 1987 March 1‚ 1986 March 1‚ 1985 May 31‚ 1984 Cash 3.17% 10.47% 33.99% 3.76% Short-term investments 41.36% 21.14% 0.00% 0.00% Receivables 3.68% 1.77% 4.18% 7.12% Merchandise inventories 36.99% 47.16% 40.51% 63.83% Prepaid expenses 3.61% 1.86% 0.98% 1.41% Total current assets 88.81% 82.40% 79.66% 76.12% Restricted cash 0.00% 2.64% 10.77% 0.00% Due from affiliates 0.00% 0.00% 0.00% 15.69% Property‚ plant and equipment
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