This website uses cookies to ensure you have the best experience. Learn more

International Business 2e Essay

474 words - 2 pages

Jocelyn Lin- 42884462
1. Case 1-2 Part A, D and F
Explain how each situation would affect your overall audit plan. Include reference to the nature and extent of audit evidence, which need to be accumulated.
A) The civil unrest in Country X would impose various strains upon the planning of an audit. Firstly, due to communication blackouts, the level of information ascertained by the auditor would be very limited, which could potentially affect the auditor’s professional opinion on materiality. During an audit plan, auditors normally estimate the scope of misstatements that would be considered material to BZ limited. However, as it is impossible to visit the Regional Processing Centre ...view middle of the document...

If the event is immaterial, less effort is needed for the auditor in that account. Secondly, the auditor must also use its professional opinion to choose a base to compare the significance of materiality. In this situation, it would be most appropriate to use either the net proit or Net asset base. Net profit would be favourable if the business is profitable, but may also carry risks if it is not profitable- in this case net asset would most likely be a more suitable base for materiality.
F) In this case, auditors must apply the same process as in part D. In addition to that, they must also consider and familiarise themselves with the external changing environment. As the cost of waste is charged as an expense, it will reduce BZ’s net profits. As a result, using the net profit as a base for materiality would not be in favour for the business. Additionally the value of any waterways is stated to be taken up as an asset and must be amortised. In effect, this would reduce the net value of assets, thus making it meaningless to base materiality on net assets. Therefore, it seems that a true representation of materiality would be achieved through using revenue as a base.

2. Case 3-5 part B
A) Based on 35 invoices valued at $100000 out of $2850000, the new graduate had identified a $2000 error. Although he believes this to be fair and correct, there may have been an error in his calculations. The sample size should have little to no variance. Additionally, based on 35 invoices, there was a $2000, which indicates that if the graduate used more invoices, assuming it to be 100, then it would exceed the materiality benchmark of $25000.

Other assignments on International Business 2e

Hospitals Paper

6014 words - 25 pages idea of a hospital as a business entity was not yet realized. It was also during these years that the role of the administrator was beginning to be set forth. With the development of new technologies and better trained doctors, hospitals began to be the places where the upper middle class would go to receive care. Over time the idea of a hospital was changed from a place of sickness to a place of healing. When this change occurred so did the costs

Course Syllabus Essay

2610 words - 11 pages [pic] COURSE SYLLABUS Semester: Fall, Year: 2012  College Mission Statement Richard J. Daley College provides high-quality education which leads to academic success, career development, and personal enrichment that fulfill diverse community needs. Mathematics Department Mission Statement Our mission is to deliver excellent service and to provide learning opportunities by offering a wide range of mathematics courses, which will help our

Management

1477 words - 6 pages Boeing. He began the Boeing Airplane Company after the construction of a twin-float seaplane, known as B & W. He also made history with his biplane. The biplane was used to deliver the first international airmail from Vancouver to Seattle ("The Boeing Company: History," 1999-2012). According to "The Boeing Company: History" (1999-2012), after the company was started, William found it hard to pay his employees because he was not having as

Assisted Suicide

1015 words - 5 pages Should physician-assisted suicide be legal? While I believe if one chooses to end his or own life through physician assistance for reasons that they chose, the choice should be up to the individual. Physician-assisted suicide should be at one's discretion. “Assisted Suicide, also called Voluntary Euthanasia, is currently a contentious issue in many countries. Because Euthanasia is legal in a few modern democracies: the Netherlands, Belgium

Tanglewood Case 1

797 words - 4 pages of their focal points of having a successful business is having exceeding customer service, and there is no need to go out and acquire new talent when Tanglewood already has the staff capable of developing their KSAOs. However, Tanglewood will need to acquire new talent if the company decides to open up a new store. Should Tanglewood look for new employees or outsource for staffing? In Tanglewood’s case, I would recommend using an outside

Nnnnn

1391 words - 6 pages Есе по въпроса: Кои от всички „действащи” лица могат да се разглеждат като морално отговорни и в какво именно? по казуса Форд „Пинто” Корпоративните злодеяния са нанесли повече вреди на обществото от всички улични престъпления взети заедно. Според данни на ФБР сумата от уличните престъпления възлиза на $3.8 млрд. годишно, а загубите от корпоративните измами между $100 млрд. и $400 млрд. годишно

The Penis

1052 words - 5 pages considered how he should get rid of the penis. His instinct is to drop it in a litterbin, but then he remembers how his wife wants him to be more “business minded”, and more than anything wanted him to appear on television. After this little thought he then considers selling the penis to an art dealer, but he ends up throwing the penis over the side of a bridge. Alfies story is told by a limited omniscient point of view, and when we hear about

Managed Care Paper

543 words - 3 pages Managed Care and Case Management Care Marvin Lloyd BSHS/402-Case Management 27 August 2012 Virgil Miller Managed Care are techniques employed to help reduce the cost for providing health benefits and a system for improving organizations quality of care

Media

439 words - 2 pages The life expectancy is lower; so people are not kept alive with drugs for decades in a virtual sleep state. There is less state education; so kids don't have it drilled into them that their only goal in life is to make money, at the cost of 'everything' else. The health care is less; so diseases, usually brought by Westerners, kill many more than they do in countries where drug companies can make a fortune from selling medicines that aren't

Chapter 6 International Business

7113 words - 29 pages CGGGG The Political Economy of International Trade Chapter Outline OPENING CASE: Why Are Global Food Prices Soaring? INTRODUCTION INSTRUMENTS OF TRADE POLICY Tariffs Subsides Country Focus: Subsidized Wheat Production in Japan Import Quotas and Voluntary Export Restraints Local Content Requirements Administrative Polices Antidumping Policies Management Focus: U.S. Magnesium

Scope And Goals

279 words - 2 pages Introduction: Kudler Fine Foods is a specialty food store based in San Diego, California with its three locations in La Jolla, Del Mar, and Encinitas. Kudler Fine food prides itself on offering fresh and organic products that are carefully selected from local farmers and around the world. The organization has recently taken the initiative to start a Frequent Shopper Program to market and increase sales. This program will offer the customers a

Similar Documents

Management Activities To Achieve Result Essay

8430 words - 34 pages , which translate strategic targets into practical efficient and effective actions 33 2d. Manage the work activities to prevent ineffective and inefficient deviations from the operational plan through effective monitoring and control. (Provide a critical path and/or Gantt chart to support your activities) 36 2e. Implement appropriate systems to achieve the objectives and goals of the plan in the most effective and efficient way, on time and to

Mgt216 Essay

714 words - 3 pages are taking. We don’t always think like the consumer, so therefore we don’t always get the same results as the consumer. We have to remind ourselves that the consumers keep us in business by purchasing our products. Release or publish information decreases the risk of more issues arising and allows the consumers to make their own choices. Company values are embodied in the products sold to consumers therefore we need to make sure it is safe. We

Economy Effect Of Marijuana Essay

277 words - 2 pages Modern American History by Alan Renga 2nd Mid Term! You will be given 3 Short Essay questions and 20 Multiple Choice questions deriving from this list! 80 points total! The 1920s Warren Harding then Calvin Coolidge Tea Pot Dome 1st Red Scare Immigration Restriction, Sacco and Vanzetti Langston Hughes, Marcus Garvey, KKK Prosperity, advertising Prohibition, Al Capone Flappers, Clara Bow, Rudolph Valentino Babe Ruth, Jack Dempsey

The Vc Shakeout Essay

2033 words - 9 pages liquidity. A 2010 New York Times story on lean start-ups cites experts who see a “shrinking role for venture capitalists in seeking and backing promising young entrepreneurs,” as alternatives including angel investors gain favor. Fresh research by Josh Lerner and William Kerr of Harvard Business School bolsters this argument with evidence that entrepreneurs who obtain angel investing are more likely to survive at least four years and show improved