Nazeeha Badran October 30‚2012 PTL Club clear-The Harbinger of things to come? 1. What similar factors led to the demise of both Laventhol &Horwath‚ and Anderson? Both Laventhol and Horwath‚ and Arthur Anderson accepted clients that were risky just to keep their revenues up. L&H knew there were things wrong with PTL‚ especially since they were doing things that were hidden from the Board‚ like the payroll account book‚ which was secret. The Bakker’s would call the senior L&H
Premium Jim Bakker Audit Auditor's report
Case study PTL Club-The Harbinger of Things to Come? 1) To see how similar the cause of collapse of both Laventhol & Horwath and Andersen‚ let’s examine these two cases from two perspectives. a. From the clients’ side The last straw which led to the demise of these two CPA firm were PTL club to L&H and Enron to Anderson. PTL Club had a very weak internal control. As it is pointed out in the case‚ whenever Jim Bakker needed money‚ he could just simply make a board member introduce
Premium Audit Auditing Jim Bakker
From The Harbinger‚ an 1830’s newspaper Female Workers of Lowell (1836) We have lately visited the cities of Lowell [Mass.] and Manchester [N.H.] and have had an opportunity of examining the factory system more closely than before. We had distrusted the accounts which we had heard from persons engaged in the labor reform now beginning to agitate New England. We could scarcely credit the statements made in relation to the exhausting nature of the labor in the mills‚ and to the manner in which the
Premium Woman Industrial Revolution Girl
plaintiffs name so many entities in their lawsuit? Merrill Lynch and Credit Suisse asked a U.S. appeals court to rule that the complaint should not have been certified as a class action suit. Why would these entities make such a claim? Case # 2 PTL Club–The Harbinger of Things to Come? P. C5 DISCUSSION QUESTIONS 1. What similar factors led to the demise of both Laventhol & Horwath and Andersen? 2. The AICPA stated that the profession must learn from past cases to prevent reoccurrences of similar detrimental
Premium Jim Bakker Audit Plaintiff
the partner’s independence. He cannot be fully independent according to their professional code of conduct if he is maintaining a secret payroll for the client. He is essentially perpetrating a fraud on behalf of the client. It does not matter that PTL was not an organization registered with the SEC; the partner still has to follow the professional code of conduct that is integral to his profession and the public’s trust in it. 2. There are numerous procedures that an audit firm must perform before
Premium Audit Financial audit
looked grey. The air was cooled and heavy. Dark clouds raced across the sky. The wind has howling monstrously and was blowing with increased velocity. The seemingly sudden darkening sky as though a curtain has been pulled across the sky.It was a harbinger of a fierce storm. People soon realized it and hurried to their homes. Ditto for me. Immediately‚ I accelerated my pace. Once reached home‚ I saw my mom frantically running about the house closing windows and doors and retrieving clothes left on
Premium Lightning Wind Precipitation
14 June 2014 The Harbinger – Jonathan Cahn Timeline: Why did the Pilgrims/Puritans leave England? The Pilgrims left England for religious reasons because they believed that they were true Christians‚ determined to purify the Christian church and return to a scripture-based service. Pilgrim groups of Puritans gathered on their own until the English parliament outlawed independent congregations. Due to living under the constant threat of imprisonment or even execution‚ they were forced to flee
Premium United States
Is the rising might of the Asian giants - China and India‚ a harbinger of a new cold war era? A blunt answer to this question would be China’s attitude towards India. It’s not that‚ being an Indian i am taking a patriotic or chauvinistic stance‚ the unilateral aspect of my answer has many a reason. I will be delving into the macro-level details‚ but before that i would show due respect and reverence to my neighbouring nation‚ China‚ for its fabulous performance over the last couple of decades
Free Cold War United States India
On 11/28/2016 at approximately 8:52 PM‚ I‚ Sgt. Scott Hale‚ DSN 114‚ while driving with Ptl. Hector Rivera‚ DSN 232‚ were on routine patrol driving westbound on W. Corbin St. approaching the intersection of Stadium Drive when we observed headlights from a moving vehicle on the western part of W. Corbin. It should be noted that the vehicle was on the side of the road that was barricaded and posted “No Trespassing”. Officers spotlighted the vehicle and activated the emergency overhead lights on the
Premium Automobile Police English-language films
Lab – Cloud Delivery Models Read the three scenarios below In each case‚ indicate which Could Delivery model would best fit the situation described. Include a brief description explaining your answer Scenario #1 XYZ is a large real estate firm. Their core competence is their understanding of the real estate market‚ and their understanding of their customers and the customer needs. Their most critical tools are their CRM and email servers. They are growing‚ and so is their customer list and their
Premium Computer Software engineering Cloud computing