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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Memo To: The Files‚ Client Inc. Re: December 31‚ 2009 Audit; Preferred Shares Classification Background The Company issued two forms of preferred stock (Series A and Series A-1) in January 2009. The terms of the preferred stock are as follows: Par value‚ $0.001 per share 6%‚ compounded semi-annually dividend rights‚ payable upon a liquidating event‚ conversion‚ or redemption‚ or earlier if declared by the Board (if upon specific event cash is not available‚ they shall be paid to the extent
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Notes on Apollo Shoes Audit Case Task #1 (Overview/Intro) Go to the “Weekly Materials” folder and locate the “Apollo Shoes Files” folder‚ between the week 1 and week 2 folders. Under this menu you will find a file entitled Apollo Shoes Case Study.doc. This file gives you all of the details and evidence that you will need for the case. We will only be completing specified sections of this case as discussed below. Review the table of contents in the case document (page 4.) This will tell you
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Alternative Investments Among the five funds‚ three of the funds‚ Cloudy Retirement 500 Index‚ Cloudy High-Yield Hedge Strategies‚ and Cloudy Real Estate All starts‚ are alternative investments. Those three funds‚ as the case states‚ are not registered under the Investment Company Act of 1940 or under the Securities Act of 1933. Thus‚ they are not offered to the investing public or are not been required to offer significant information to public. Moreover‚ the investment product held by Cloudy High-Yield
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Explanation of what a marketing audit is: The purpose of a marketing audit is to review and appraise existing marketing activities and to look at the way the marketing is planned and managed‚ giving the opportunity for a systematic examination of each element of the organisations current marketing activity and achievements‚ and to objectively evaluate the effectiveness of the organisations investment in marketing. The marketing audit assists in the evaluation of the whole marketing activity‚ and
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Working Hypothesis Josh’s fiancé being struck and killed by a drunk driver as they were about to meet for lunch and her dying in his arms‚ is the participating situation that triggered the start of Josh’s symptoms. The subsequent anxiety that developed‚ as Josh held himself responsible for his fiancé’s death as well as the death of his sister 4 years’ prior‚ resulted in the current maladaptive thought patterns‚ anxiety‚ and depressive symptoms Josh presented with for treatment. Josh learned through
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This morning‚ the paramedics brought in a nine-year-old girl‚ who was accompanied by her mother‚ seven-year-old sister‚ and grandmother‚ into the emergency department because she experienced a seizure; she does not have a history of seizures. Moreover‚ the physicians believed the underlying cause of her recent seizure was related to her bumping her head yesterday during school; she was running around during playtime‚ slipped on a ball‚ and then hit her head on a counter‚ which caused her to become
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What I found most interesting in the psychoanalytic theory session is Stan effort to exposed himself to the counselor. Secondly‚ I felt Stan thought of the counselor as a fatherly figure and was afraid about how Corey would view him. Stan often talk about his father and how his father didn’t notice him how Stan wanted to be notice. I was impressed with Corey using censoring with Stan. Corey did a lot of repeating things Stan stated. Corey also talk about why Stan pauses when asked a question. In
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Sam Li Case: Jamaica Water Properties 1. Place yourself in David Sokol’s position. After discovering the suspicious items in JWP’s accounting records‚ would you have taken a different course of action than he did? Why or why not? I doubt if I can reach the position that David Sokol had in my career’s life. However‚ let say that if I was in David Sokol’s position‚ I would probably do the same thing David had done. I believe the proper working ethics are accountability‚ professionalism and
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The XYZ Graduate School LAN The President of the XYZ University is considering that a local area network be set up at the Gusaling Don Pepe Atienza (a.k.a.‚ Graduate School building) which houses most of the Graduate Schools: the Graduate School of Arts‚ Sciences and Education (GSASE)‚ the Graduate School of Engineering (GSE)‚ and the Graduate School of Management (GSM)‚ as well as the Graduate School Library‚ Office of the Chancellor of the XYZ Open University (XYZ-OU)‚ the President Ramon Magsaysay
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