Discuss the roles, responsibilities, and objectives of internal and external auditors.

No plagiarism will be accepted!!  The length requirement is 10-12 pages.  The assignment must follow APA 6th edition formatting which includes an abstract and reference page in addition to the 10-12 pages already mentioned.

 

Select a publicly traded company using the U.S. Securities and Exchange Commission (SEC) EDGAR System at http://sec.gov/edgar/searchedgar/companysearch.html and submit to the instructor for approval. Please note that each student must research a different company. Once the instructor has approved the company selection, obtain the Annual Report (Form 10K) and Proxy Statement (Form DEF 14A) of the company for the immediate past fiscal year. Review these documents in addition to Earnings Releases and other financial information available on the company’s Investor Relations website to evaluate the following items.

Independent Auditor’s Report

  • Based on the selected public traded company, what type of auditor’s report was issued on the financial statements.
  • What kind of evidence the auditors found that indicated the company did not follow Generally Accepted Accounting Principles (GAAP).

Audit Committee

  • Identify members of the Audit Committee of the Board of Directors, its functions, and number of meetings held.
  • Determine if the composition of this committee satisfies Public Company Accounting Oversight Board (PCAOB) requirements in terms of independence and accounting knowledge.
  • Review the audit committee report and discuss Committee actions. Determine how these actions ensure the integrity of the audited financial statements.

Independent Registered Public Accountants

  • Identify the company’s independent registered public accounting firm.
  • Determine how long this firm has served as the external auditors.
  • Determine other services, if any, provided to or on behalf of the company.
  • Determine fees paid to this firm by type of service provided.
  • Discuss changes in or disagreements with the accountants on accounting and financial disclosures, if any.

Reports of the Independent Registered Public Accountants

  • Review the report of the independent registered public accounting firm on internal controls. Determine if the report and its contents meet the criteria established in Internal Control – Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) and the PCAOB.
  • Review the report of the independent registered public accounting firm on the audited financial statements. Determine what type of opinion was issued and whether the work performed meets the criteria of COSO and the PCAOB, in addition to GAAP and GAAS.

Prepare a 10-12 page research paper (excluding title page, abstract, references page, and appendices containing financial analysis) in APA format that presents the findings of your analysis of the company’s SEC filings. Your paper should also discuss the following:

  • The type of auditor’s report that was issued.
  • What kind of evidence the auditors found which indicated the company did not follow Generally Accepted Accounting Principles (GAAP).
  • Roles, responsibilities, and objectives of internal and external auditors.
  • Types and assessment of audit and Internal control risks.
  • Ethical standards in auditing and the implications of unethical behavior.
  • Internal control system, its role in a business and its significance in the auditing process.
  • Use of computer assisted auditing techniques.
  • GAAS, GAAP, PCAOB, and COSO requirements for audits of publicly traded companies.

In addition to the SEC Forms, a minimum of five (5) peer-reviewed academic or professional references must be used in the paper.

Explain the actions the federal government would take while engaging in expansionary fiscal policy.

In an effort to move the economy out of a recession, the federal government would engage in expansionary economic policies. Respond to the following points in your paper on the actions the government would take to address expansionary fiscal and monetary policies:

 

Expansionary Fiscal Policy:

Explain the actions the federal government would take while engaging in expansionary fiscal policy in terms of the following:

  • The necessary change in taxes and government spending,
  • The effect on aggregate demand, GDP, and employment.

Expansionary Monetary Policy:

The three tools the Federal Reserve Bank (The Fed) uses when conducting monetary policy are the required reserve ratio, the discount rate, and open market operations.

Explain the actions of the Fed in regard to the three tools.

  • When the required reserve ratio is increased or decreased
  • When the discount rate is increased or decreased
  • Buying or selling government securities when conducting expansionary monetary policy

Explain how these actions would affect the money supply, interest rates, spending, aggregate demand, GDP, and employment.

Writing the Final Paper

The Final Paper:

  1. Must be nine to ten double-spaced pages in length and formatted according to APA style as outlined in your approved styled guide.
  2. Must include a title page that includes:
    1. Title of paper
    2. Student’s name
    3. Course name and number
    4. Instructor’s name
    5. Date submitted
  3. Must include an introductory paragraph with a succinct thesis statement.
  4. Must address the topic of the paper with critical thought.
  5. Must conclude with a restatement of the thesis and a conclusion paragraph.
  6. Must use at least four scholarly resources, including the textbook.
  7. Must use APA style as outlined in your approved style guide to document all sources.
  8. Must include, on the final page, a reference List that is completed according to APA style as outlined in your approved style guide.

Does obesity share anything in common with anorexia nervosa?

Eating Disorders

Biological causal factors of anorexia nervosa include genetic predisposition, serotonin regulation, and physiologic weight set points.

Research eating disorders. Based on your research, respond to the following:

  • Comment on the relative strengths of biological causes compared to sociological or individual causes. Consider the types of anorexia nervosa in your argument.
  • Explain any treatment strategies that would support your argument.
  • Does obesity share anything in common with anorexia nervosa? Consider obesity causal factors and whether obesity is truly a mental disorder.

Write 3–4 paragraphs

 

Cite sources applying APA standard

why is virtualization perceived as the holy grail of IT?

Verbania executives have heard that virtualization is the holy grail of information technology (IT) infrastructures. Conduct some research on virtualization, and discuss the following:

  • In your opinion, why is virtualization perceived as the holy grail of IT?
  • How can virtualization help Verbania?
  • What are the security considerations?
  • How does it compare with cloud computing?
  • Will you recommend virtualization for Verbania

Select a fairly new/recent product of your choice and briefly describe the product in a few sentences.

Assingment 1,

Select a fairly new/recent product of your choice (either one that you have bought, or just know about). Briefly describe the product in a few sentences.

 

1. Discuss how the product reflects 2 of the macroenvironmental factors/trends found in Chapter 3 (found in the attached pdf in case you don’t have the book yet).

 

2. Additionally, explain how important you feel that these 2 trends are, and why they may be long-lasting.

 

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*Your work should be approximately 2 pages, double-spaced. Copy and paste each question and place your answer beneath each. Please remember to use PDF format ONLY, and upload it directly onto this assignment page. You will be graded on the thoroughness and creativity of your work.

 

 

file:///Users/abdullahalrufaydi/Desktop/%C2%A0Macroenvironment%20factors.pdf.webloc

Discuss what the scripting might do and how it would perform the tasks.

Software companies have increasingly turned to the Internet to help them maintain the software they have sold or licensed to their customers. Software maintenance tasks include updates of the software and updates to data used by the software.

  • Use the Library and Internet to find information about the use of scripting for software maintenance through the Internet.
  • Select an application that uses updates on your computer.
    • Discuss the type of updates that are performed by this software.
    • Identify where scripting might be used in the update process.
    • Discuss what the scripting might do and how it would perform the tasks.
  • Include at least 1 reference to research sources.
  • Cite all references using APA format.
  • Grammar, spelling, punctuation, and format should be correct and professional.

Discuss what duty or duties a business has with regard to checking the background of potential employees before hiring.

Discussion 1

Employer Liability for Negligent Hiring

Read Malorney  v. B&L Motor Freight, Inc. in Section 21.2 of your textbook. Discuss what duty or duties a business has with regard to checking the background of potential employees before hiring.  Do you agree that businesses should be liable for injuries resulting from negligent hiring? Why or why not?

 

Discussion 2

Discrimination

Not all discrimination is prohibited by law. For example, employers routinely discriminate between potential employees based upon education or experience. Other types of discrimination are more subtle, but still legal. For example, some employers discriminate between potential employees based upon personal characteristics such as weight or attractiveness. Should employers be permitted to discriminate based upon attractiveness? Take a side and argue that an employer should or should not be permitted by law to discriminate against persons who are not attractive.

Text Book

Seaquist, G. (2012). Business law for managers San Diego, CA: Bridgepoint Education, Inc.

 

 

ARTICLE FOR DISCUSSION 1

21.2 Respondeat Superior and Negligent Hiring

If the employee is in fact working for the employer, and is working “within the scope of employment,” then the employer will be liable to third parties for the torts of his or her employee under the doctrine of respondeat superior. In addition, an employer may also be liable to third parties under another theory: that of negligent hiring. In these cases, the employee does not necessarily commit a tort, but rather may engage in activity that is tortuous or criminal. The theory of liability is based on the argument that the employer knew or should have known that the employee was somehow dangerous or incompetent when hired, and thus, the employer should be held responsible. Those concepts are illustrated in the case that follows.

Cases to Consider: Malorney v. B&L Motor Freight, Inc.

Malorney v. B&L Motor Freight, Inc., 146 Ill. App.3d 265, 496 N.E.2d 1086 (1986)

Edward Harbour applied for a position of over-the-road driver with defendant B&L. On the employment application, Harbour was questioned as to whether he had any vehicular offenses or other criminal convictions. His response to the vehicular question was verified by B&L; however, his negative answer regarding criminal convictions was not verified by B&L. In fact, Harbour had a history of convictions for violent sex-related crimes and had been arrested the year prior to his employment with B&L for aggravated sodomy of two teenage hitchhikers while driving an over-the-road truck for another employer. Upon being hired by B&L, Harbour was given written instructions and regulations, including a prohibition against picking up hitchhikers in a B&L truck.

Subsequently, on January 24, 1978, at an Indiana toll-road plaza, Harbour picked up plaintiff Karen Malorney, a 17-year-old hitchhiker. In the sleeping compartmen f his truck, he repeatedly raped and sexually assaulted plaintiff, threatened to kill her, and viciously beat her. After being released, plaintiff notified police. Harbour was arrested, convicted, and sentenced to 50 years with no parole.

Plaintiff’s complaint charges defendant B&L with recklessness and willful and wanton misconduct in negligently hiring Harbour as an over-the-road driver without adequately checking his background and providing him a vehicle with a sleeping compartment. Plaintiff seeks compensatory and punitive damages from B&L.

Defendant B&L filed a motion for summary judgment contending that it had no duty to verify Harbour’s negative response to the question regarding criminal convictions. In denying defendant’s motion, the trial court found that (1) Harbour was hired as an over-the-road driver and furnished with a truck equipped with sleeping quarters; (2) B&L instructed Harbour not to pick up hitchhikers; and (3) it is common knowledge that hitchhikers frequent toll plazas which would show that B&L knew drivers are prone to give rides to hitchhikers. The court concluded that these facts show that B&L had a duty to check Harbour’s criminal background and certified the issue for interlocutory appeal.

 

 

Defendant argues that it had no duty to investigate Harbour’s non vehicular criminal background nor to verify his denial thereof because of a lack of foreseeability that he would use the truck to pick up and sexually assault a hitchhiker. To impose such a duty would be against public policy by placing too great a burden on employers. On the other hand, plaintiff posits the argument that factual issues exist which preclude summary judgment and require a jury determination. We agree and must affirm the trial court for the following reasons. Defendant correctly argues that the existence of a duty is a question of law to be determined by the court, rather than by the factfinder. However, once a duty has been found, the question of whether the duty was properly performed is a fact question to be decided by the trier of fact, whether court or jury.

The existence of a legal duty is not dependent on foreseeability alone, but includes considerations of public policy and social requirements. In Illinois, two duties, among others not pertinent here, are imposed by law on owners of vehicles who permit or hire other persons to drive on our highways. The first duty requires that the degree of care which an owner should exercise in selecting a driver is that which a reasonable person would exercise under the circumstances. An owner or employer also owes a duty in connection with the entrustment of vehicles to others. In other words, a vehicle owner has a duty to deny the entrustment of a vehicle to a driver it knows, or by the exercise of reasonable diligence could have known, is incompetent. In addition to these duties, it is well settled in Illinois that a cause of action exists against an employer for negligently hiring a person the employer knew, or should have known, was unfit for the job.

B&L contends that a reasonable and prudent motor carrier could not foresee that one of its drivers would rape and assault a hitchhiker. The court in Neering v. Illinois Central R.R. Co. in discussing foreseeability stated that the ultimate injury must be the natural and probable result of the negligent act or omission such that an ordinary and prudent person ought to have foreseen as likely its occurrence as a result of the negligence. It is not essential that one should have foreseen the precise injury which resulted from the act or omission. This interpretation thus requires an employer to exercise that degree of care reasonably commensurate with the perils and hazards likely to be encountered in the performance of an employee’s duty, i.e., such care as a reasonably prudent person would exercise in view of the consequences that might reasonably be expected to result if an incompetent, careless, or reckless agent were employed for a particular duty.

Applying these principles to the present case, it is clear that B&L had a duty to entrust its truck to a competent employee fit to drive an over-the-road truck equipped with a sleeping compartment. Lack of forethought may exist where one remains in voluntary ignorance of facts concerning the danger in a particular act or instrumentality, where a reasonably prudent person would become advised, on the theory that such ignorance is the equivalent of negligence. Bearing in mind the facts that B&L gave Harbour an over-the-road vehicle with a sleeping compartment and that B&L probably knew, or should have known, that truckers are prone to give rides to hitchhikers despite rules against such actions, the question now becomes one of fact—whether B&L breached its duty to hire a competent driver who was to be entrusted with a B&L over-the-road truck.

Regarding defendant’s public-policy argument, there is no evidence in the record to justify the contention that the cost of checking on the criminal history of all truck-driver applicants is too expensive and burdensome when measured against the potential utility of doing so. Finally, we note that a question of foreseeability is at times a question for the court and at times, if varying inferences are possible, a question for the jury. In the present case, B&L did have a duty to check into Harbour’s background so as to ascertain whether he would be a fit employee. Based on the circumstances of this case, it is apparent that reasonable persons could arrive at different conclusions as to whether B&L used due care in the performance of this duty when it employed Harbour. Questions which are composed of such qualities sufficient to cause reasonable persons to arrive at different results should never be determined as matters of law. Questions of negligence, due care, and proximate cause are questions of fact to be determined by the factfinder.

 

In affirming the trial court’s denial of summary judgment, we are not expressing any opinion as to the resolution of the facts in this case. Plaintiff has the heavy burden of proving that defendant B&L negligently performed a duty it owed her in entrusting Harbour with an over-the-road truck, and if negligence is found, that it proximately caused her injury. These questions, including the issue of whether defendant negligently hired Harbour by not checking his criminal background, are questions for the trier of fact and become a quest

Determine one (1) performance measurement baseline for your MS Project. Justify your response.

Project managers often use Earned Value Management (EVM) if they want to compare the status of their projects to their project plans. Using the same project from Assignment 3, develop a project scenario to explain the amount of work that you have completed with the funds allotted.

 

This assignment consists of two (2) sections:

  • An MS Project exercise
  • An EVM paper

 

You must submit both sections as separate files for the completion of this assignment. Label each file name according to the section of the assignment for which it is written. Additionally, you may create and / or assume all necessary assumptions needed for the completion of this assignment.

 

Section 1: MS Project Exercise

Assume that your project is using more resources (e.g., time, money, and / or other non-labor resources, etc.) than anticipated through 50% of the project duration.

1. Update the project schedule to reflect related resource changes.

2. Produce a series of EVM reports from MS project that illustrates your project’s performance. Note: Your reports should focus on the cost and schedule performance of the project.

 

Section 2: EVM Paper

Write a two to three (2-3) page paper in which you:

3. Summarize the recourse changes of your project, and discuss the performance results of your project.

4. Determine one (1) performance measurement baseline for your MS Project. Justify your response.

5. Apply earned value analysis (EVA) in order to forecast future cost issues. Justify your response.

 

Your assignment must follow these formatting requirements:

  • Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
  • Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

Discuss two differences between the Lifetime Learning tax credit and American Education Opportunity tax credit.

1) Explain the difference between refundable and non-refundable credits?

 

  1.      2) What is the purpose of the alternative minimum tax?

 

  1.      3) Mention and explain two differences between Child credit and Child/dependent care credits?

 

 

  1.      4) Discuss two differences between the Lifetime Learning tax credit and American Education Opportunity tax credit.

 

  1.      5)What is considered a capital asset for tax purposes?

 

  1.      6) Explain the difference between ordinary, capital, and Sec. 1231 assets. Why does it matter?

 

  1.      7) On December 15, 2012, Mark sold for $6,200 share of stock she had acquired for $XY,000 on November 18, 2011. On November 14, 2012, she sold for $YX,000 shares of stock she had acquired for $12,000 on October 14, 2011.
  2. What was the amount and nature of Mark net gain/loss?
  3. How much was included/deductible in 2012?

 

 

  1.      8) HTP Incorporated had a net long-term capital gain of $XY,000 and a net short-term capital loss of $75,000 in 2013. Discuss the tax consequences of these transactions.

 

  1.      9) Compare and contrast the similarities between start-up costs and organizational expenditures.

 

  1.      10) What is Congress’s rationale for depreciation recapture?

 

  1.     11)  What does mid-month convention mean?

 

  1.      12) Jane acquired a building on March 2, 1990, for $XY0,000.

 

  1. What is the cost recovery for the building in 2015 if the building is classified as nonresidential real estate?

 

 

  1. If the building is sold on October 30, 2015 for $YX0,000, what is the cost recovery deduction?