CASE 2.6 CBI HOLDING COMPANY‚ INC. Synopsis Ernst Young audited the pharmaceutical wholesaler CBI Holding Company‚ Inc.‚ in the early 1990s. In 1991‚ Robert Castello‚ CBIs owner and chief executive‚ sold a 48 stake in his company to TCW‚ an investment firm. The purchase agreement between Castello and TCW identified certain control-triggering events. If one such event occurred‚ TCW had the right to take control of CBI. In CBIs fiscal 1992 and 1993‚ Castello
Premium Audit Generally Accepted Accounting Principles Financial audit
CBI Holdings Case 2.6 Background CBI Holding a New York based firm serves as the parent company for several wholly owned subsidiaries. Ernst and Young became CBI’s independent auditors and performed audits for CBI’s financial statements from 1990 through 1993. Ernst and Young failed to investigate the alleged advances and conform to clients facts which may include investigating credit limit and analyzing vendor’s payable accounts. Instead the auditors record in their work papers the client’s
Premium Audit Auditing External auditor
CBI Holding Company‚ Inc. Case Solution I. Summary A CBI Holding Company was a New-York based parent company for several wholly-owned subsidiaries. These marketed an extensive line of pharmaceutical products that were purchased from drug manufactures‚ warehoused in storage facilities and then resold to retail pharmacies‚ hospitals long-term care facilities and related entities. CBI’s chairman and president Robert Castello was the seat of the CBI‘s troubles and principal implementer of
Premium Auditing Audit Financial audit
Comparative Financial Ratios For Holding Companies in the Philippines Prepared by: Submitted to: Prof. Redentor Caguioa Financial Management 1 Second Semester A.Y. 2014-2015 Table of Contents Introduction Industry Background Summary of Financial Ratios Common Size Analysis Review of Ratios and Analysis Conclusion Appendices INTRODUCTION Financial analysis is the examination of a business from a variety of perspectives in order to fully understand the greater financial situation
Premium Holding company Subsidiary
Giordano Holdings Limited‚ Inc. Case SITUATION Jimmy Lai was born into poverty in Guandong‚ China. He was exposed to many western retail businesses that encouraged him to join the retail market himself. He thought of using a pizza parlor name to open his clothing chain. Lai founded Giordano in Hong kong in 1981. Giordano’s success is measured by the company’s relentless focus on its five corporate business values of quality‚ knowledge‚ innovation‚ simplicity and service. The company has its
Premium Marketing Management Strategic management
Computer-Based Information Systems (CBIS) Components • Hardware Computer equipment used to perform input‚ processing‚ and output activities • Software Computer programs that govern the operation of the computer 1 • Database Organized collection of facts and information 1 Computer-Based Information Systems (CBIS) Components • Telecommunications 1 Electronic transmission of signals for communications‚ and enables organizations to link computer systems into effective
Premium Information systems Decision theory Artificial intelligence
applying the balanced scorecard approach as a basis for the management information system to translate the strategy into action. Keywords Higher education‚ Strategic planning‚ Balanced scorecard‚ Management information systems‚ Finland Paper type Case study Introduction The autonomy of higher education institutions (HEI) has increased in recent decades. The development towards autonomy has‚ on the other hand‚ increased the accountability of HEIs to their stakeholders including the Ministry
Premium Strategic management Balanced scorecard Management
Case 5:"Dell Inc. in 2008: Can it Overtake Hewlett Packard as the World Leader in Personal Computers?" Question 1: a. 1992: Michael Dell becomes the youngest CEO of a Fortune 500 company at age 27b. b. Michael Dell has been the key factor for Dell‚ Inc. growing into the corporation it is today. In my opinion‚ his top 5 key strengths that helped Dell‚ Inc. grow include: 1. Competitive nature 2. Foresight & Vision 3. Willingness to take risks 4. Aggressiveness 5. Ability to execute c. 5 Tasks
Premium Profit margin Gross profit margin Personal computer
www.koc.com.tr 1938 TURKEY’S FIRST JOINT STOCK COMPANY‚ FIRST TURKISH LIGHT BULB FACTORY. 1956 FIRST PRIVATE FIRST TURKISH FIRST 1964 TURKEY’S FIRST CABLE FACTORY. 1966 FIRST TURKISH PASSENGER CAR‚ ANADOL.1966 TURKEY’S FIRST LPG TANKER. 1968 FIRST BLACK-WHITE TELEVISION. 1969 FIRST INSTITUTIONALIZATION OF SOCIAL RES- KOÇ HOLDİNG 2011 ANNUAL REPORT FOUNDATION. 1975 TURKEY’S FIRST PRIVATE R&D CENTER. 1975 TURKEY’S FIRST FIVESTAR HOTEL‚ TALYA. 1979 TURKEY’S FIRST EXPORT OF FARM TRACTOR. 1980
Premium Balance sheet Istanbul Revenue
AMBA 610: Critical Thinking Assignment Fall 2013 Cliffside Holding Company of MASSAPEQUA Memo To: Ms. Cynthia Castle (CEO‚ CHCM) From: Mr. Anil Ravaswami (Vice-President of Human Resources) CC: None (Confidential) Date: October 10‚ 2012 Re: Leadership-Development Programs This is in response to your request for our office to evaluate the merit of Ms. Forsythe’s proposal that we establish and fund a new leadership development program for our junior insurance executives. 1.0 Background At
Premium Leadership