Essays on Auditing Page 8

The company’s mission, vision and values The mission of BIC is to make the consumer’s life easier by providing quality products that are safe. Some of the company’s perspectives are: “We offer simple, inventive and reliable choices for everyone, everywhere, every time. “ “Honor the past, invent the future. “ “Our vision and our philosophy…

Synopsis Bernie Madoff’s primary goal was to accumulate wealth, leading him to establish his own brokerage firm named Madoff Securities. Having been raised in New York City, he understood that Wall Street was the gateway to worldwide fortunes. In 1960, right after graduating from college, he set out on a mission to join the influential…

Bernie Madoff’s $50 Billion Ponzi SchemeNamed after con man Charles Ponzi, a Ponzi scheme is a fraud of investment, which appeals to investors due to the promise of high returns with little to no risk. Investors believe they are receiving profits however they are merely receiving principal of new investors. In order to be successful,…

There were two really typical functions for the hearers in the WorldCom dirt. One function being that of the Whistle-blower played by Cynthia Cooper a former head audit executive at WorldCom. She blew the whistling on an $ 11 billion accounting fraud strategy. Since bring outing the dirt, Cooper has been talking publically about her…

This case can be used in a legal liability module as it points to the large dollar amounts involved in lawsuits against professional accountants. It can also be used to effectively discuss the differences between statutory (e. g. , U. S. Federal Securities Acts of 1933 and 1934) and common law. Within common law, the…

As soon as the project has passed through the testing and implementation phase and is ready to be passed on to the organization, a project post mortem review should be conducted. A project post mortem review is one of four reviews commonly practiced by project managers to ensure all deliverables, goals, and objectives were met…

Brenan admitted similar fears n interviews with David Weasel, economics editor of The Wall Street Journal and author of In Fed We Trust. The fact that the global economy is no longer uncontrollably spiraling downward (for 2010, the Economist Intelligence Unit predicts growth of 2. 7 percent for the world and 1. 8 percent for…