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1) Using at least three (3) recent credible sources:
2) Justify how the reporting requirements of the PCAOB reduce the chance of financial fraud.
3) Illustrate the responsibilities of an auditing firm to detect fraud during the audit process.
4) Recommend alternatives to the PCAOB.
5) Prepare a sample timeline for PCAOB reporting.
The specific course learning outcomes associated with this assignment are:
Examine different types of organizational illegal activities, including cybercrimes and the impact to the organization.
Use technology and information resources to research issues in forensic accounting.
Write clearly and concisely about forensic accounting issues using proper writing mechanics.
Before preparing financial statements for the current year, the chief accountant for Springer Company discovered the following errors in the company accounts:
If the standards are set in a process that often results in compromise between different parties, do the qualities of accounting information provide much value? How?
During the year, job 123 a firm fixed price contract for the production of 3,000 raincoats will be started and completed. Estimate the contract cost.
What additional guidelines requirements are related to ethics are required to ensure consistency of CPAs across the nation? What are some examples of ethics violations?
Describes several ways to increase the value of an organization. Which of these might be applicable to an organization and why? Please provide a reference.
Determine the depreciation and book value for each of the two investment groups for each year. Determine the gain/loss for tax purposes If the Group 5 and Group 7 assets are sold at the end of the planning period for a combined $500,000.
Brennan Steel Corporation as lessee signed a lease agreement for equipment for five years, starting December 31, 2007. yearly rental payments of $32,000 are to be made at the beginning of each lease year.
What are your thoughts on the three proposals outlined above, and please feel free to suggest anything that you feel should also be considered in reducing the deficit.
Warren Co. recorded a right-of-use asset of $900,000 in 8-year lease under which no profit was recorded at commencement by lessor-The balance in right-of-use asset after 2 years will be:
Sidney purchased land in 2004 for $35,000 that she held as a capital asset. This year, she contributed the land to the Boy Scouts of America for use as a site for a summer camp. The market value of the land at the date of contribution is $40,000. ..
Wahr Corporation bases its predetermined overhead rate on the estimated labor hours for the upcoming year. At the beginning of the most recently completed year
Gridiron University is a private university. A successful alumnus has recently donated 1,000,000 to Girdion for the purpose of funding a "center for the study of sports ethics."
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