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Can you please assist with the questions below? I would like to focus on Bank of America in the DOW Jones Stock Market
1. Why do you think it will be an interesting focus for your economic analysis?
2. What is the price of the stock? How many shares can you purchase with your $1000? To keep things simple, assume the brokerage fee is waived. This is just a virtual exercise; do not worry about maximizing shares.
3. Pick THREE of the economic terms that apply to your organization. Explain how each applies to your organization.
4. Pick ONE of the "Big Economic Ideas". Discuss how they apply to your organization. What do they add to your understanding of how your organization operates? Do you have any new insights?
Show the audit inherent risk and rate the risk as low, medium or high.
What are some internal controls related to cash? Why is control over cash important? What are the pros and cons of segregation of duties over cash?
When assessing risk factors due to errors and fraud, what are some types of examples of these? Have you seen this occur in the workplace past/present/familiar with a situation?
On September 1, 2011, Triton Entertainment borrowed $24 million cash to fund a new Fun Park. The loan was made by Nevada Bank under a non-committed short-term line of credit arrangement. Prepare journal entry for the issuance of the note by Triton.
Discuss what you believe to be the most sgnificant audit risk in an economic downturn. Based on the risk identified above, discuss how an auditor can minimize exposure related to this risk.
Which of these two controls would cost less and prove more effective? Is there a different, more cost effective strategy we should consider?
A not-for-profit organization periodically conducts focus groups of employees, service beneficiaries and governance board members to reevaluate its mission, vision, and values to determine the accuracy of the strategic statements to refine them wh..
Construct the "Processing Cash Collections" segment of the internal control questionnaire on "Cash Receipts" to be used in the evaluation of internal control over the Spartan Drug Store, Inc. Each question should elicit either a yes or a no respon..
What are some major components of an internal control system? Are these components always necessary?
Describe and evaluate this type of internal audit. What types of organisation would it be most useful for?
While internal auditors and external auditors should have complementary interests and goals, there are differences in their scope of work. For this discussion, explore the advantages and disadvantages of selecting outside independent auditors vers..
Explain auditors' responsibilities with respect to detecting and reporting fraud? Provide a brief overview of the types of reports that accompany an entity's financial statements?
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