Surfer Dude Duds‚ Inc. Case 12.4 Auditing II ACG 4642-Spring 2011 By Rick Woo 1. What are Mark’s option? Mark’s option is to include an explanatory paragraph about Surfer Dude Duds‚ Inc.’s going concerns. SAS 59 requires an auditor to evaluate conditions or events discovered during the engagement that raise questions about the validity of the going-concern assumption. An auditor who concludes that substantial doubt exists about the entity’s ability to continue as a going concern
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professionalism‚ he could withdraw from the audit and allow another partner to deal with Surfer Dude and issue the appropriate audit report. Another possibility for Mark is to not include a going-concern paragraph in the audit report with the hope that it would allow Surfer Dude the opportunity to improve their worsening financial condition. This option would satisfy Mark’s desire to help Surfer Dude by not causing them any possible further damage. But by doing so‚ Mark may be compromising
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Surfer Dudes Duds Case During the Surfer Dudes case the going concern assumption and opinion an auditor might issue at the end of an audit are a focal point. It is brought up in relation to the audit of the Surfer dudes company. Whether or not to issue a going concern opinion is a tough decision and can have a serious effect on a company. Taking into account the relationship between the audit partner and CEO in this case the issue becomes even touchier. Going concern is an assumption that a
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Works Cited Hall‚ Glenn. “Stubborn Facts: The Gun Industry Employs Twice as Many Americans as GM (and That’s Just the Beginning)” Article. January 18‚ 2012. Web. October 23‚ 2013. Slavo‚ Mac. “Visa Goes Anti-Gun: Restricts America’s Largest Gun Store from Processing Transactions”. Article. September 27‚ 2013. Web. October 23‚ 2013. The first article was chosen‚ because it states a fact that without guns many Americans would lose their jobs. The article relates to my paper‚ by helping me make the
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Angel Clifford Clifford 1 Ms. MacArthur English 2 3 March 2013 E.E Cummings Edward Estlin Cummings‚ more commonly known as E.E Cummings‚ was born on October 14‚ 1894. He was well known for his poetry. “Little Tree”‚ “Selected Poems”‚ and “Eimi“ are just some of his books of poetry‚ but does this make him securely canonized as major or minor? Richard S. Kennedy explains his point of view. He says Cummings would be a major minor poet. Someone who is considered minor
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Coors Rocky Mountain Bottled Spring Water Launch Date: 1990 The Not-So-Bright Idea: Provide Coors with an opening into the bottled water market by offering Rocky Mountain spring water. The Lesson Learned: Another example of brand extension gone awry was when Coors tried to cash in on the bottled water boom. On first blush‚ the decision to sell water from refreshing Rocky Mountain springs seemed like a logical plan with the potential for big profits‚ but it was not to be. Legend has it that the
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RS35 – CHAPTER FIVE Answer the following in complete sentences‚ using your text as reference… 1. Why is the Gospel of Matthew called the “heart of Jesus’ ethical message”? It is called the “heart of Jesus’ ethical message” because scholars believe is a summary of the gospel. 2. When Matthew wrote his Gospel for the Jewish community‚ what challenges were they facing at that time? The Jewish community was concerned with the division between the people who followed Jesus and those who
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Soul Surfer: A True Story of Faith‚ Family‚ and Fighting to Get Back on the Board by Bethany Hamilton. Bethany Hamilton was born into a family of avid surfers. She has felt a unique and passionate love for the sport of surfing ever since she first got on board when she was a toddler. Bethany had always dreamed of becoming a professional surfer since she first started competing when she was only seven years old. She had everything going for her‚ wonderful friends‚ a great sponsor‚ and a loving and
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Surfers paradise Surfers Paradise is the soul heart of Queensland and even Australia. With a buzz of exhilaration shared by everyone from thrilled travellers or retirees this is a beachside city that is bound to excite all five senses. Strolling through the lighted skyscrapers that accompany the mint beachy air the aroma of street food stalls is bound to overwhelm the overall experience. From beach haven in the day to Miami at night Surfers Paradise has it all in one place and is suitable for all
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Author’s Background “Bethany Hamilton has become a source of inspiration to millions through her story of faith‚ determination‚ and hope.” According to her own website she was born into a family of surfers on February 8‚ 1990‚ on the island of Kauai‚ Hawaii‚ where she began surfing at a young age. She entered her first competition at the age of eight‚ where she won both short and long board divisions. “This sparked a love for surf competition within her spirit.” Bethany tells her own life story
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