"The crazy eddie case" Essays and Research Papers

Sort By:
Satisfactory Essays
Good Essays
Better Essays
Powerful Essays
Best Essays
Page 1 of 50 - About 500 Essays
  • Powerful Essays

    Crazy Eddie Case

    • 1471 Words
    • 6 Pages

    crazy eddiCase 1.8 Crazy Eddie‚ Inc. Term A2/Spring 2013 March 19‚ 2013 Table of Contents Issues…………………………………………………………………………………………...3 Facts…………………………………………………………………………………………….4 Analysis and Conclusions…………………………………………………………………….6 Conclusions…………………………………………………………………………………….9 Issues 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 possess a higher-than-normal

    Premium Auditing Financial audit Internal control

    • 1471 Words
    • 6 Pages
    Powerful Essays
  • Better Essays

    Crazy Eddie Case

    • 1135 Words
    • 5 Pages

    Katherine Bokovsky Wai Shan Leung Auditing – Crazy Eddie Case The main critical issue in the Crazy Eddie case is the incompetence and lack of professional skepticism of the company’s audit team and their inability to successfully comply with the standards of GAAS. The auditors failed to exercise the fundamentals of the substantive audit plan which would have uncovered at least some of the fraud. Furthermore‚ this inability and lack of knowledge on how to properly execute an audit threatened

    Premium Auditing Audit Financial audit

    • 1135 Words
    • 5 Pages
    Better Essays
  • Good Essays

    Crazy Eddie

    • 4785 Words
    • 20 Pages

    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

    Premium Crazy Eddie Fraud Big Four auditors

    • 4785 Words
    • 20 Pages
    Good Essays
  • Powerful Essays

    Crazy Eddie

    • 2435 Words
    • 10 Pages

    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

    Premium Financial ratios Balance sheet Financial ratio

    • 2435 Words
    • 10 Pages
    Powerful Essays
  • Better Essays

    Crazy Eddie

    • 1942 Words
    • 8 Pages

    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

    Premium Balance sheet Inventory Accounts receivable

    • 1942 Words
    • 8 Pages
    Better Essays
  • Powerful Essays

    Crazy Eddie

    • 1762 Words
    • 7 Pages

    Crazy Eddie Tables of Contents Issues…………………………………………………………………………………………………………….III-V Facts..…………………………………………………………………………………………………………….VI-IX Analysis…………………………………………………………………………………………………………X Recommendations………………….…………………………………………………..………………….XI References.…………………………………………………………………………………………………….XII Issue 1) Red flags were the increase on short-term investment receivables why would an electronic company

    Premium Audit Auditing Financial audit

    • 1762 Words
    • 7 Pages
    Powerful Essays
  • Powerful Essays

    Crazy Eddie

    • 2254 Words
    • 10 Pages

    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

    Premium Audit Auditing Internal control

    • 2254 Words
    • 10 Pages
    Powerful Essays
  • Good Essays

    Crazy Eddie

    • 835 Words
    • 4 Pages

    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

    Premium Audit Cycle count Auditing

    • 835 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Crazy Eddie Fraud Case

    • 945 Words
    • 3 Pages

    Cassie Angelucci 9/21/14 Crazy Eddie Fraud Case Eddie Antar came from a low rent neighborhood in Brooklyn from a family of merchants. Growing up poor he had dreams and aspirations of becoming a household name. At the age of 20 years old‚ Antar opened up his very first store‚ Crazy Eddie. Crazy Eddie was an electronics store that specialized in low prices and a party atmosphere. The business did very well in its startup years and began to grow. Not long after Antar opened up his first store‚ he

    Premium Crazy Eddie Fraud Takeover

    • 945 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Crazy Eddie Case Analysis

    • 726 Words
    • 3 Pages

    In Crazy Eddie Case‚ a former CPA‚ Sam E. Antar‚ was a key individual who helped Eddie Antar mastermind one of the largest securities frauds uncovered during the 1980s. Sam admitted that he had no empathy whatsoever for investors because he never concerned about morality or the suffering of those victims. Next I’ll analysis Crazy Eddie Case from ethical perspective and use Ethical Decision Making Model to evaluate Sam’s possible behaviors. 1. Frame the ethical issue: Should Sam join his cousin

    Premium Fraud Financial statements

    • 726 Words
    • 3 Pages
    Good Essays
Previous
Page 1 2 3 4 5 6 7 8 9 50