CASE REPORT #7	 GROUP 10 (按姓氏首字母排序) 黄昕 靳子仪 刘静 刘天娇 王小茜 2011/5/3 CASE REPORT #7: Southwest Airlines: Waging War in Philly Case Briefing: In May 2004‚ Southwest Airlines’ new line in Philadelphia began to operate‚ which triggered enormous commotion in the existing airline industry—especially US Airways. Southwest Airlines is famous for its low cost strategy‚ which goes against the industry’s conventional wisdom (See Form 1 below). Having persisted in its strategy‚ Southwest expended
Premium Southwest Airlines Airline Low-cost carrier
1. Jasmine is not violating the Code of Professional Conduct‚ as long as she keeping both of her jobs separated properly. She should not go and provide financial services to her audit clients‚ because that would be a violation of the Independence rule (rule 101). She should also be aware of rule 301. She is bringing her audit work to her financial services company‚ where other CPA are employed as well. She has to make sure that they don’t have access to the client’s information. 2. This depends
Premium Financial services Deception Financial audit
CHAPTER 1 AUDITING AND THE PUBLIC ACCOUNTING PROFESSION – INTEGRITY OF FINANCIAL REPORTING |LEARNING CHECK | 1. SEVERAL COMMON ATTRIBUTES OF ACTIVITIES DEFINED AS AUDITING ARE (A) SYSTEMATIC PROCESS‚ (B) OBJECTIVELY OBTAINING AND EVALUATING EVIDENCE‚ (C) ASSERTIONS ABOUT ECONOMIC ACTIONS AND EVENTS‚ (D) DEGREE OF CORRESPONDENCE‚ (E) ESTABLISHED CRITERIA‚ (F) COMMUNICATING THE RESULTS‚ AND (G) INTERESTED USERS. 2. A financial statement audit involves obtaining
Premium Audit Auditing Financial audit
“Jensen Shoes” Case Analysis What was Brooks’ perception of Kravitz’s abilities‚ attitudes and motivations? Lyndon Brooks’ perception of Jane Kravitz’s abilities was initially good. Prior to being assigned to her team‚ Brooks knew of Jane from other work‚ and she had made a good first impression. Although somewhat dismayed by what seemed to be a demotion to Brooks‚ he was excited for the opportunity to begin anew and prove himself‚ and working for Kravitz was fine with him. However‚ beginning
Premium Perception Motivation
Auditing Research Paper January 9‚ 2012 Auditing in general is an organized process of accurately finding and assessing statements regarding financial records to determine the degree of accuracy between those statements and established criteria and communicate the results to interested users and or the public. Even though auditing and accounting have similarities‚ they can be distinguished. An accountant handles the daily financial operations for a business‚ while an auditor reviews the information
Premium Auditing Auditor's report Audit
Auditing Exam 1 Review Ch 1 Nature of Auditing: * Auditing is the accumulation and evaluation of evidence about information to determine and report on the degree of correspondence b/w the information and established criteria. * Auditing should be done by a competent‚ independent person. Information and Established Criteria: * To do an audit‚ there must be information in a verifiable form and some standards (criteria) by which the auditor can evaluate the information. Accumulating
Premium Auditing Audit Financial audit
Apollo Shoes Case Assignment Apollo Shoes Inc.‚ Anderson‚ Olds‚ and Watershed has enjoyed working with your company this year‚ and look forward for more to come. Enclosed are the item that your company has requested of us‚ while there are some improvements to be made‚ your staff has done a fantastic job in assisting us with our audit. We hope that we have assisted your company and answered any questions about improvements to be made. Team C Sales Internal Control Questionnaire for Apollo
Premium Invoice Accounts receivable
investors’ next step was to sue the auditors of Stanford Financial Group. BDO‚ the accounting firm that was responsible for auditing Stanford’s financial statements‚ is currently the target of a major lawsuit. BDO did not act in accordance with the responsibilities of an auditor and thus led to audit risk‚ lack of independence‚ and various violations of the PCAOB’s auditing standards regarding investment securities. BDO consistently issued unqualified reports when there were material misstatements
Premium Auditing Investment Auditor's report
1. FS as a tool in decision making on the point of view of: a. Shareholders Financial statements provide a view on the company’s financial changes within a specific reporting period and confirm its overall state. They give information such that they provide shareholders with a picture of how well the company is doing. These enable them to evaluate a stock’s worth and aid them in making stock-related decisions such as buying/selling/retaining which provide them further on the status of their
Premium Balance sheet Generally Accepted Accounting Principles Asset
the ways in which power manifests itself in Southeast Asia? Illustrate your answer with at least 3 examples. The concept of power is one that has existed in Southeast Asia for a long period of time. Unlike that of the Western regions‚ where power is more of a concept and is intangible‚ power in Southeast Asia is more concrete and real. Power is defined as the possession of control or command over others (Dictionary.com‚ n.d.) In the context of Southeast Asia‚ power is gained through control of powerful
Premium Thailand Southeast Asia Sociology