Accounting Essays

This report provides an evaluation and analysis of the profitability, liquidity, capital structure, asset management, working capital and stock price of Pensonic Holdings Bhd. Methods of analysis include trend, horizontal and vertical analyses as well as ratios such as Debt, Current, and Quick ratios. Other calculations include Operating Cycle, Time …

The fraud risk factors identified in this Appendix are examples of such factors that may be faced by auditors in a broad range of situations. Separately presented are examples relating to the two types of fraud relevant to the auditor’s consideration–that is, fraudulent financial reporting and misappropriation of assets. For …

KEY ISSUES The Diamond Chemical PLC as the producer of polypropylene has two production plants which are in Merseyside and Rotterdam. Both factories have similar size and have same production output but their system is already outdated since it is established in 1967 and therefore the costs to produce the …

In 1981, Delima Enterprise was founded by Encik Zayed in conducted trading and supplying related product including manpower supplies to oil and gas industries. In 2004, Delima Enterprise incorporated as Delima Enterprise Sdn Bhd. It has two principal shareholders and controlling director who is Encik Zayed and Puan Hashimah. Both …

1. The following is a listing of all corrective actions noted during recent ORSE from 08 Aug 2014. 2. The below are all the areas audited with the corrective actions listed below: Discrepancy Root Cause Corrective Action The MDR did not have a process in place to audit records, no …

Issues 1. In David Sokol’s position, after discovering the suspicious items in JWP’s accounting records, would you have taken a different course of action than he did? 2. What measures can and should be taken to make it easier for corporate employees to “blow the whistle” on a fraudulent scheme they …

1. The Global Organizational Hierarchy (GOH) can include all of the following except: a. Divisions b. Risks c. Business Units d. Activities 2. An entity’s contributors may include: a. Auditors but not contacts b. Contacts but not auditors c. Neither auditor nor contacts, only TeamRisk administrators d. Both auditors and …

Issue 1. After discovering the suspicious items in JWP’s accounting records, should he have taken a different course of action than he did? 2. What measures can and should be taken to make it easier for corporate employees to ‘‘blow the whistle’’ on a fraudulent scheme they uncovered within the …

The auditor should determine the appropriate types and mounts of evidence needed to be satisfied that the client’s financial statements are fairly stated as well as the client maintained effective internal control over financial reporting. The auditor should make sure the procedures they choose can provide persuasive evidence which means …

Disclosures are an important part of the financial reporting for publically traded corporations. The following analysis will look at the Ford Motor Company’s disclosures relating to the company’s current assets of cash equivalents, inventory, and receivables. Disclosures can be found in the Ford Motor Company’s financial statements and they will …