User Account

All Pages

Identify three controls that ABC should have

Assignment Help Accounting Basics
Reference no: EM132959862

Question - Assume you are an auditor of ABC Corporation. In the process of talking to the employees of ABC you have found out that there is concern that the Director of Purchasing is steering Purchase Orders to a personal friend who is "kicking back" some portion of the profit on the sale to the Director. Identify three controls that ABC should have in place to prevent or reduce the probability of such things happening.

Reference no: EM132959862

Questions Cloud

What information does a selection decision maker need : 1. What information does a selection decision maker need to collect in making staffing decisions? What are the ways in which this information can be collected?
Strategies to get rid of stress : Strategies to get rid of stress? Discuss?
What is a real life way that you would guide someone : What is a potential scenario that you would counsel, mentor, or coach?
Sort of compensation and benefits package : -What sort of compensation and benefits package would you ensure is in place to recruit the best candidates for the position?
Identify three controls that ABC should have : Identify three controls that ABC should have in place to prevent or reduce the probability of such things happening
Make journal entries necessary to record bad debt expense : Make the journal entries necessary to record (1) bad debt expense for the year and (2) the write-off of uncollectible accounts at the end of the year
What is the net present value : The salvage value of the equipment is estimated to be $200,000. The hurdle rate is 10%. Ignore income taxes. What is the net present value
Why would be helpful to categorize stakeholders into primary : Why would it be helpful to categorize stakeholders into primary, secondary, and fringe categories? Please provide examples of each of these categories
What is the net present value of the project : Ford's weighted average cost of capital is 8%. If the issuance costs for external finances are $7 million, what is the net present value (NPV) of the project

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd