Profit Essay Examples

In July 2012, a financial fraud made headlines, reminiscent of previous scandals but unique in its own right. A medium-sized financial institution called “Peregrine Financial Group Inc” was accused of a shortfall of funds of approximately $200 million. Russell Wasendorf, the CEO, had been misstating financial records for over 20 years. In July 2012, the […]

This dissertation proposal will investigate the relationship between audit tenure and audit quality in Sierra Leone. 1.1 Background of the Study The trend of auditing failure cases has attracted wide attention from the public over the years in both developing and developed countries. Several people have started to notice that behind these failures, the auditors […]

This essay will begin with a discussion of research; Access, Ethics and Sampling. The second part of this essay will focus on a critique of the research paper ‘UK Auditors Attitudes to Effectiveness Auditing’ written by Maurice Pendlebury and Obeid Shreim.Research access specifically relates to the approach that the researcher carries out. Organisations may be […]

Madhav Godbole’s book, ‘Public accountability and transparency: the imperatives of good governance’ deals with the contemporary political, administrative, social scenario in the country. It also addresses the issues relating to the largely untouched areas of judiciary, media and corporate governance. It presents a well documented analysis of the current milieu and all agencies involved in […]

The author conducted an audit on her recent practice placement in a continuing care unit that primarily looked after patients in the final stages of life. Safe drug administration was chosen as the focus for the audit due to various reasons. The unit had a total of 24 beds, with each bed being assigned to […]

Marks and Spencer (M&S) was founded by a Russian Refugee in 1884 by Michael Marks. M&S was floated on the stock exchange in 1926. M&S has become a worldwide trademark with 700 stores (294 in the UK) and 55,000 employees in the UK.In 1997 they were given their fifth honourable Queens award for expert achievement, […]

Guard Dog Company’s cash disbursements adhere to the principles outlined in scenario P4-1A. For Guard Dog Company’s cash disbursements, the internal control principles mandate the use of pre-numbered checks for proper control over their issuance. The company has implemented this principle by using a new check writer and mandating that all checks now be pre-numbered, […]

Executive Summary The aim of this campaign audit was to improve our knowledge and skills in advertising and promotion. Our main focus was on Sony’s “It only does everything” campaign, which aimed to promote the release of their newest Playstation 3 model. The research focuses on the campaign’s effectiveness, taking into account the product’s initial […]

While lacking the power to enforce compliance, the Gasbag’s standards are recognized by the CPA’s Code of Professional Conduct. In auditing a government’s annual financial statement, adherence to these standards is verified by auditors. The GABS is composed of seven members, one full-time chair and six part-time individuals. The members come from various sections of […]

1. Compare and contrast the professional functions of an audit senior and a staff comptroller. In your analysis. see the different duties assigned to each function. the job-related emphasiss that persons in the two functions face. and how each function contributes to the successful completion of an audit battle. Which of these two functions is […]

Introduction According to Yumi Sera and Susan Beaudry (2007), financial systems assist and advise an organization’s planning and action plans. The Financial System is essential for Bintang Sdn Bhd as it enables the organization to make informed decisions using cash flow and available resources, and efficiently manage the necessary resources for completing tasks. Accounting is […]

The Runners Shop ( TRS ) was a household owned concern founded seventeen old ages ago. TRS sold athletic footwear and related merchandises for smugglers. TRS had four retail locations located in Charlottesville. Virginia ; Richmond. Virginia ; College Park. Maryland ; and Cary. North Carolina. TRS had Net Gross saless of $ 2. 217. […]

Ted is a director in the Business Advisory and Assurance Services division of a national public accounting house. He has been given the occupation of pull offing the audit of Easy Clean. Co.  which provides industrial and domestic rug steam-cleaning services. Easy Clean has ne’er been audited. Therefore. Ted does non hold any prior-year working […]

During the Progressive Era (1880-1940), advertisers and auditors encountered challenges regarding the accuracy of their text. Advertisers in North America embraced the notion of “truth in advertising,” while auditors disapproved of labeling financial statements as “true and fair.” Instead, auditors preferred financial statements that adhered to accepted accounting principles. Interestingly, auditors made more advancements towards […]

Arthur Andersen: Questionable Accounting Practices Describe the legal and ethical issues surrounding Andersen’s auditing of companies accused of accounting improprieties. The legal issues that surrounded Andersen’s audition were that there was conflict of interest and there was lack of independence on the part of Andersen. In this context, Andersen took up lucrative management consultancy projects […]

Scenario Diageo Africa is a 1bn net sales value, 300m trading profit drinks business that operates in over 40 markets across Africa through various business models including publicly quoted companies, joint ventures and licensed brewing arrangements. In Nigeria it trades under the name Guinness Nigeria and will be referred to as such from this point. […]

This paper aims to assess and analyze the financial statement of Starbucks, a globally recognized publicly traded company. To conduct this evaluation, the following sources were utilized: the 2010 10-K report, DataMonitor company profile, Mint Global, NetAdvantage Corporate Social Responsibility reports, as well as various online sources. Over four decades ago, Starbucks Corporation originated as […]

Jane Ashley, a staff accountant at Viccio and Martin, has previous experience working for the firm and participating in numerous audits. Is she qualified to work on the audit team with senior auditor Frankie Small? The current assignment is to conduct an audit on Models Inc., which happens to be the top paying client of […]

Revenue is probably the most important part of the government and most of its plans and policies also depend on the amount of revenue collected. Government has also given priority in reducing the budget deficit through the mobilization of internal resources. Good tax system, apart from generating revenue, minimizes distortion of resource allocation and simplifies […]

Have you ever told a lie? In most causes after telling one small lie another lie follows. After time passes and the lies began to seem like the truth, you dig yourself into a pool of lies which eventually contradicts your first lie. The same truth happens to Nick Lesson and his 8-8-8-8-8 account. It […]

A. What is the nature of General Mills’ business? That is, based on what you know about the company and on the accompanying financial statements, how does General Mills make money? i. General Mills is the leading producer of packaged consumer goods. The company has 3 segments US Retail, International, and Bakeries and Foodservice. General […]

1. What concepts in this chapter are illustrated in this case? System vulnerabilities Computer crime: using computers as instruments of crime to defraud the bank, customers, and other financial institutions Internal threats from employees: Jerome Kerviel has access to privileged information; he was able to run through the organizations system without leaving a trace Business […]