Profit Essay Examples

The Leslie Fay Companies, a manufacturer of women’s apparel, was founded by Fred Pomerantz and is headquartered in New York. In 1952, Fred Pomerantz made the company public. However, in the 1980’s, his son John Pomerantz bought out the company, leading Fred Pomerantz to take it back to being privately owned for a few years. […]

The purpose of this memo is to communicate the results and findings from our team’s assessment of the Accounts Receivable balances for Key West Company as of 20X1. Our team has already completed a thorough evaluation of the company’s internal control and we believe they are excellent. Therefore, the team has decided to use the […]

Many companies are becoming concerned about cyber-security due to the continuous inventions in technology. Companies in the modern era are confronted with a critical issue called advanced persistent threats (APTs), which present a substantial danger to their information security. Hackers are progressively focusing on companies, organizations, and government agencies. In order to handle and decrease […]

Review Questions and Exercise 14-R1 How does the project audit differ from the performance measurement control system discussed in Chapter 13? While project audits use performance measures and forecast data, they are generally more inclusive than the performance measurement control system discussed in Chapter 13. Project audits include a review of why the project was […]

1. An auditor would prepare a proof of cash when there are significant internal control weaknesses in the client’s cash handling. This includes ensuring that all cash received is deposited and recorded, all recorded cash disbursements are paid by the bank, and all bank-paid amounts are properly recorded. (6 marks) 2. The auditing of an […]

Soup Restaurant Group Limited has been chosen to be our case study. Soup Restaurant Group Limited was listed in 2007. This company was incorporated during the early 1990s, as a private limited company. The company’s business can be divided into 2 key brands and business units: “Dian Xiao Er” and “Soup Restaurant”. Overall, the objective […]

Summary of the Sarbanes-Oxley Act The Sarbanes-Oxley Act (SOX) was enacted on July 30, 2002 to protect shareholders and the public from fraudulent business practices and accounting errors. It focuses on maintaining independence in auditing by requiring CEOs and CFOs to certify financial reports. The act enhances transparency in financial reporting and encourages accountability by […]

Ratio analysis is a method that uses financial or operating data from a company or industry to create a basis for comparison. Each ratio in the analysis examines a specific correlation that can impact another ratio. An auditor uses financial or accounting ratios to evaluate the overall financial condition of a company. Current and potential […]

The aim of the paper is to apply relevant knowledge, skills and exerciseprofessional judgement in analysing, evaluating and concluding and reporting onthe assurance engagement and other audit and assurance issues in the context of best practice and current developments. In simpler terms, this means a very practical exam, in which students need to lookat real […]

Academic Paper I. Interniship Description A. ABOUT THE COMPANY Reyes Tacandong and Company (RT&Co. ) is a new player on the Filipino audit and advisory services market. It was created end of June 2010 by 9 partners formerly from SGV / EY, the leader of the market in the Philippines. Reyes Tacandong and Company is specialized in […]

Investigative Procedures Adam Cash AIU Abstract This paper aims to analyze the primary strategies for reducing loss and improving security in a corporate setting. It also aims to develop a comprehensive plan for preventing individual and corporate losses, based on fundamental security principles. The initial step in dealing with the situation presented to the Director […]

Is this an example of fraudulent financial reporting or misappropriation of assets In this case, it is misappropriation of assets because the fraud is the consequence of the employee theft. As it is stated in the case “manager at Aspen store was stealing payments by customers on accounts. That’s why subleased was out of balance […]

Client risk profile Canadian Tire Corporation, Limited (CT) is primarily a Canadian retailer, focusing on automotive and general merchandise. Founded in 1922, the company has been around for almost a century, building strong brand recognition in Canada. Initially starting as a car parts retailer they have expanded rapidly into other areas, mainly general merchandise retail. […]

Atlas is the main player in Central Americanization with over 50% market share, competing for head to head with products from Asian the Americas. Recently, Atlas had several product models that were certifications to US and Canadian standards. This has opened up export market potentiality Atlas, on which it hopes to capitalize in the next […]

In recent years human resource (HR) managers have been encouraged to play a more strategic role in their organizations, especially in the case of extensive organizational change processes such as international mergers and acquisitions (IM&As). Today this requirement is even more acute since the past decade has been characterized by enormous growth in IM&As. In addition, it has been […]

The study of auditing is more conceptual in nature compared to other accounting courses. Rather than focusing on learning the rules, techniques, and computations required to prepare financial statements, auditing emphasises learning a framework of analytical and logical skills to evaluate the relevance and reliability of the systems and processes responsible for financial information, as […]

The significance of ethics and compliance in Wal-Mart’s organization and its impact on the financial environment will be explored in this article. Wal-Mart, which began as a single store in 1962, now operates over 3,600 stores in the US and internationally across 15 markets. The article will examine the steps taken by the company to […]

When assigning an audit, various factors need to be taken into account. These factors include the size of the company being audited, which determines the number of staff required. For a private limited company (Sdn. Bhd.), 2 or 3 staff are needed, while for a Public Listed Company, 3 or 4 staff are required. In […]

In this paper the Sarbanes Oxley Act with particular reference to the section 404 is discussed in detail. We shall start the paper with providing background information to the Sarbanes Oxley Act, 2002. This section explores the environment that spurred the creation of the act and the need for such legislation. The second section provides […]

Analysis University of Phoenix Internal controls mandated by the Sarbanes The internal controls required by the Sarbanes-Oxley Act have posed a significant challenge for publicly held companies. These controls assign the responsibility for internal audits, as well as evaluating the effectiveness and efficiency of internal auditing controls, to senior management, their audit committees, and external […]

Proposal Energy Audit: An energy audit is an inspection, survey and analysis of energy, flows for energy conservation in a building, process or system to reduce the amount of energy input into the system without negatively affecting the output(s). Energy audit identifies opportunities for financial savings by elimination of wasteful use of electricity, coal and […]

Auditing is a subset of attestation, which is a subset of assurance. These services, which are governed by several organizations, are unique in their own way. Because of the constantly changing role of the auditor, particularly since the Sarbanes-Oxley Act of 2002, different types of services have become necessary. In this paper we will compare […]