Final Project Week Six Lynn-Marie Burke ITT Tech Online BU1110 – Introduction to Business Dr. Carrie A. O’Hare March 23‚ 2014Final Project Week Six Ernst and Young (EY) is a non-union organization in the United States. However‚ I was unable to find any information regarding their union status for the other countries they operate in. The company EY uses computers‚ the Internet for marketing‚ and cloud computing and many other technological advantages they have differ by region and country. They
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Accounting 302 9/18/12 Ernst & Young Guest Speaker Response After looking through the Ernst & Young PowerPoint presentation‚ there were certain points covered that were similar to our Sky Air activity from class. One of the key points covered was the idea of purchasing a company‚ and how much one would pay for it. It was brought to our attention from both the PowerPoint and class lecture that buyers and sellers may have different perceptions of value. This occurs because buyers do
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Case 1.9 Zzzz Best Company Case 1.9 ZZZZ Best Company‚ Inc. 1. A review is similar to an audit but is less in scope and only provides limited assurance in regards to the presentation of the financial statement. This differs with an audit that gives reasonable assurance that no material errors or illegal acts are detected. The objective of an audit is to provide a reasonable basis for expressing an opinion regarding the financial statements taken as a whole. A review does not provide a basis
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Topic: ZZZZ Best Company One of the most elaborate and frauds in the United States corporate history was done by a man named Barry Minkow during the 1980s. At the age of 12 Barry got involved with the carpet cleaning business through his mother. One of the good things for a young person of Barry’s age is that this industry is fairly simple to get into. Therefore it required no prerequisite abilities or permits. However what Barry Minkow did not expect was the high tolerance required in order to
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were even sent to early forms of concentration camps‚ where they held some arrested Jewish people. Still‚ these sentiments towards Jews‚ although terrible‚ were mostly nonviolent‚ save the occasional beating. However‚ anti-Semitism reached its boiling point in 1938. The assassination of Ernst vom Rath by a seventeen year old Jewish boy caused the Nazi regime to turn from solely hateful and oppressive policies to primarily violent and murderous
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ACC 461 Auditing Financial Statement Fraud: Lessons from the ZZZZ Best Case The video “Cooking the Books” discussed the ZZZZ Best case of fraud‚ it tells how and why fraud was perpetrated by Barry Minkow and why it was undetected for so long. According to the video‚ ZZZZ Best was founded by Barry Minkow in 1982; when he was sixteen years old‚ it started as a carpet cleaning company. But‚ due to high competition in the industry‚ low entry barriers‚ and bad internal control‚ this young entrepreneur
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About Cap Gemini Ernst & Young The Cap Gemini Ernst & Young Group is one of the world leaders in management consulting and IT services‚ dedicated to helping its client companies to develop and transform their organizations at every step of the value chain. Early 2002‚ the organization employed more than 56‚500 people throughout Europe‚ North America and the Asia-Pacific region and the Group reported 2001 revenues of 8.4 billion euros. The Group offers its local and international clients‚ in more
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principal shareholders and controlling directors for the company. The company expands into provision of engineering services as part of their business diversification and expansion plans. The company had maintained a very lean organization with basic functional positions. DESB employed their own family members to work in the company with minimal education background and some of them did not have the necessary job experience. In May 2006‚ the company had employed Cik Amy‚ a fresh graduate from local university
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ZZZZ Best Case: 1. According to the Public Company Accounting Oversight Board (PCAOB) AS 2610 .09 and .03 successors have the responsibility to obtain information regarding a new audit client from the clients’ previous auditor however‚ auditors may submit a proposal to conduct an audit engagement before this condition is fulfilled. The purpose for this communication is to ensure that the new auditor can interpret the trustworthiness and integrity of the proposed client. Information that might affect
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Auditing Concepts ZZZZ Best Company‚ Inc Case Solutions: 1. A review is performed to obtain a reasonable basis for providing limited assurance that the client’s financial statements have been prepared in conformity with generally accepted accounting principles. An independent audit is designed to provide a reasonable basis for expressing an opinion concerning whether or not a client’s financial statements have been prepared in accordance with generally accepted accounting principles.
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