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Audit Planning and Control: A Case of Wal-Mart Stores, Inc.

Assignment: Audit Planning and Control

It is common industry knowledge that an audit plan provides the specific guidelines auditors must follow when conducting an external audit. External public accounting firms conduct external audits to ensure outside stakeholders that the company’s financial statements are prepared in accordance with generally accepted accounting principles (GAAP) or International Financial Reporting Standards (IFRS) standards.

Use the Internet to select a public company that appeals to you. Imagine that you are a senior partner in a public accounting firm hired to complete an audit for the chosen public company.

Write a four to six (4-6) page paper in which you:
Outline the critical steps inherent in planning an audit and designing an effective audit program. Based upon the type of company selected, provide specific details of the actions that the company should undertake during planning and designing the audit program.
Examine at least two (2) performance ratios that you would use in order to determine which analytical tests to perform. Identify the accounts that you would test, and select at least three (3) analytical procedures that you would use in your audit.
Analyze the balance sheet and income statement of the company that you have selected, and outline your method for evidence collection which should include, but not be limited to, the type of evidence to collect and the manner in which you would determine the sufficiency of the evidence.
Discuss the audit risk model, and ascertain which sampling or non-sampling techniques you would use in order to establish your preliminary judgment about materiality. Justify your response.
Assuming that the end result is an unqualified audit report, outline the primary responsibilities of the audit firm after it issues the report in question.
Use at least two (2) quality academic resources in this assignment. Note: Wikipedia and other Websites do not qualify as academic resources.
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.
The specific course learning outcomes associated with this assignment are:
Plan and design a generalized audit program.
Determine the nature and extent of evidence accumulated to conduct an audit after considering the unique circumstances of an engagement.
Evaluate a company’s various risk factors and the related impact to the audit process.
Evaluate effective internal controls that minimize audit risk and potentially reduce the risk of fraud.
Use technology and information resources to research issues in auditing.
Write clearly and concisely about auditing using proper writing mechanics.

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Assignment 2: Audit Planning and Control

(Course Instructor)

(University Affiliation)

(Student’s Name)

(Date)

Audit Planning and Control: A Case of Wal-Mart Stores, Inc.

            Wal-Mart Stores, Inc. is one of the leading retail store outlets in U.S, with retail stores in various parts of the world. Carrying out an audit planning and control for Wal-Mart will probably be one of the intriguing jobs for any accountant and this is the reason the company was chosen for the sake of this paper. However, for auditing purposes, there is need to define critical steps for planning and design of an effective audit program.

Critical Steps Important for Planning and Design of an Effective Audit Program

            Audit planning amplifies the general requirement that an effective audit program must be planned for effective, efficient and timely audit to be done. Gupta (2005) asserts that audit planning facilitates identification of problems, expedites completion of work, allows proper utilization of assistants, allows coordination of work done by auditors and experts and allows devotion of appropriate attention to important areas. Among the elements of audit planning is the identification of critical steps that are important for audit planning and design. The following are the critical steps that are important for planning and design of an effective audit program for Wal-Mart Inc. There is need to consider the duties and responsibilities as defined by the terms of agreements between Wal-Mart Inc., and the external

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Operational environment, physical access control

The security of information asset is critical to any operational environment. The existence of (or the lack of) good security measures will determine the stability of the operating environment and the availability of resources. As a result of this fact, security should not be an afterthought in the network architectural design process. In any network environment, the most successful access control solution is one that was considered in the design process. Access control can be broken down into area, physical access control, and logical access control.

Describe physical access control.

Discuss any form of physical access control, and reference a time when you have used this form of physical access control to provide security to an information asset.

Describe logical access control.

Discuss any form of logical access control you have used, and discuss a situation in which you have leveraged this form of logical access control to provide security protection for an information asset.

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Security Information Asset

            The increased use of personal computers, and the interconnection of the ICT infrastructure, has led to an increase in threats and vulnerabilities. According to (Palmer & Shenoi, 2009, p. 114) the operating environment has increasingly become complex, with specialized professionals now located in different dispersed locations. As a consequence of increased interconnectivity and the increased vulnerability, information security and safety guidelines must be implemented. In the network environment, one such security practice is the use of access control. Access control is a broad concept, which can be divided into physical, area and logical access controls.

Physical Access Control

            The physical network access control can be considered as a mechanical form of access to a room (Vacca, 2013). The common methods of achieving physical access controls include use of authentication badges, the use of devices that authenticate biometrics to gain entry/access and access cards as locking devices for door entries. According to (Fung, 2004, p. 50) physical access control needs the network devices such as servers, routers and switches to be placed in a secure room, where access has been limited and strictly allowed to the authorized people. In addition to physical restriction to access, other factors related to network security must be observed. The factors include the procedures of operations and the daily methods.             An example of a form of physical access control is a universal access card. The universal access card has special codes encrypted to it and…………………………………………………………………………………………………………………………………………………………………………………………………………………………………………….

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Financial Reporting Control

Subject: Financial Reporting Control

A rich Qatari man has approached you and your team for a professional advice on financial reporting practices and financial performance among Malaysian public listed companies. He needs your assistance in making a USD2 billion investment decisions in companies that listed on the main market (please exclude Banking/Construction).

You are required to perform analysis of financial statements released by Malaysian public listed companies. This report need 2 listed companies from the same industry and you are expected to download 2 most recent annual reports (e.g. year 2018 and 2019) of the companies from the following link:

http://www.bursamalaysia.com

<Listed Companies>

<Company Announcement>

<Category:  Annual Report>; <Market: Main Market>

The following are information to be analyzed (but, not limited to):

1. Business nature of the company.

2. Ratio analysis: Horizontal and vertical analyses (minimum 15 ratios)

Please perform 2-years trend analysis on those ratios and provide your professional interpretation (comments) on the ratios calculated.

Based on the above analysis, please recommend the best 2 Malaysian public listed companies for the Sheikh to invest his USD2 billion money (please justify your recommendation).

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DISCUSSION

Reflection, Tips and Tricks – Best Practices?

Investing entails the act of committing an amount of money with the expectation of obtaining more income in the future. Investing in the stock market is the most common way to gain investing experience as a beginner. The stocks market presents an excellent way of growing wealth, even in the period’s market volatility, they can act as a good investment. As an investor one may decide to choose the stocks to invest in themselves or hire managers to help with the decision-making process (Lee et al., 2019). However, for one to be a good investor in the long term, they should choose the do it yourself method. Depending on the investor’s risk profile, one has to choose between stock mutual funds and individual stocks of specific companies. However, it is more advisable to build an investment portfolio to diversify the risks involved in the stock markets………………………………………………………………………………………….

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experimental group, control group, independent variable, and dependent variable

https://openstax.org/books/psychology/pages/2-introduction

Make sure you have thoroughly read and reviewed the Chapter 2 text and powerpoint.

Instructions

Part 1: Initial Post

Write one paragraph of 5-7 sentences on each of the three topics below. This is a total of three paragraphs. You should use this three paragraph format for all discussion boards. 

  1. Define (in your own words) the following terms: experimental group, control group, independent variable, and dependent variable.
  2. True random sampling can be difficult to obtain. Explain the following concepts: population, random sample, representative group, random assignment. Explore the idea of using the popular convenient sample of students enrolled in an Introduction to Psychology course. What are the advantages and disadvantages of this type of sample?
  3. Propose a simple approach to studying a psychological issue you are interested in. Make sure to include the independent variable, dependent variable, and sample.

Part 2: 

https://openstax.org/books/psychology/pages/1-1-what-is-psychology

1.Which two early fields led to the formation of the field of psychology? After identifying those two fields, describe the study of each field and give a real-world example of something that could be studied by each of the two.

2.Explain the two first theories of psychology (structuralism and functionalism). Be sure to include the focus of study and the methods of each theory. 

3.Explain the theory of behaviorism. How was behaviorism different from previous psychological theories? What were the behaviorists studying and how did they study it? Give a real-world example of something that could be understood using behaviorist theory.  
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case control, cohort and RCTs.

 ASSESSMENT BRIEFSubject Code and Title PUBH6005: Epidemiology
Assessment Assessment 3: Critical Appraisal
Individual/Group Individual
Learning Outcomes This assessment addresses the following learning outcomes:
1. Assess levels of evidence and make recommendations
2. Interpret data arising from surveillance and research studies, including rates and ratios
3. Understand the difference between association and causation, statistical and public health significance
4. Critically evaluate epidemiological studies, including potential for bias, confounding and chance errors
Submission Due Sunday following the end of week 11 at
11:55pm AEST/AEDT*
Weighting 40%
Total Marks 100 marks
*Please Note: This time is Sydney time (AEST or AEDT). Please convert to your own time zone (eg. Adelaide = 11:25pm).
PUBH6005_Assessment Brief 3 Page 1 of 8
Context:
This assessment requires you to apply the knowledge and skills gained in all the modules to undertake a critical appraisal. You will need to appraise 3 articles of a topic and research question given to you by your facilitator.
1. Search the library database to find three studies that answer your research question. All three studies must be of different study designs. For instance, you could include case control, cohort and RCTs. These studies do not have to prove their hypothesis or agree with each other. Please note that marks will be deducted if all identified papers are of similar study.
2. Critically appraise all three articles you found. Your answers are to be written in the tables provided to you which was based on CASP checklist and other types of checklist.
3. In the table, you are required to answer either “Yes”, “No”, “Unclear”.
4. For each of the answer of “Yes”, “No” or “Unclear”, you will need to provide the “Evidence” that you found in the article to support your answers.
5. For each of the “Evidence”, you will need to critically appraise stating your justification, compare and contrasting or/and providing solution. Please see table for an example of how “evidence” is written.
References: The quality of references used is important. “high quality reference” is defined as articles which are peer-reviewed and published in notable international and national journals. Articles such as newspaper, websites, social media statements, unsolicited articles and non-peer reviewed articles are not of “high quality reference”. You shall Include all the sources you have used within your text and organize them in alphabetical order according to APA 6th edition style. Please see example of the quality and the style of referencing.
Table 3 Cohort study: The predictive and diagnostic accuracy of vascular endothelial growth factor and pentraxin-3 in severe dengue (Low et al., 2018)
Critical appraisal questions Underline your answer
Did the study address a clearly focused issue? Yes/No/Unclear
Evidence: justification, compare and contrasting or/and providing solution
The objective of this study was to evaluate VEGF and PTX-3 as predictive and diagnostic markers in differentiating severe dengue from non-severe dengue. The objective is specific to evaluating the two biomarkers among so many markers mentioned in the pilot study that was conducted before this study. (Low, Gan, & Ho, 2015) The dengue classification (severe and non-severe) was validated, specific and measureable. It was derived from the World Health Organisation dengue guideline. (World Health Organization, 2009) The study also specifically evaluated the predictive and diagnostic accuracy of the two markers.
Critical appraisal questions Underline your answer
Was the cohort recruited in an acceptable Yes/No/Unclear way?
Evidence: justification, compare and contrasting or/and providing solution
The participants were recruited prospectively based on the eligibility criteria. All participants who are 15 years or older, presented only in the first 3 days of illness and a positive NS1 Ag test. However, it was unclear of the definition of the “illness” as it can represent a specific onset of a symptoms or whether it is due to fever. Majority of the existing studies defined the illness begin when patient developed fever. (Ahmed, 2010; Kumar, Gittens-St Hilaire, & Nielsen, 2013; Mahboob et al., 2010) Based on Table 1, we can assume that all patients were recruited based on the fever presented within the first 3 days of illness. Suggestion to the author is to clearly define what is “illness”.
NS1 Ag is a standard diagnostic test but again, most other studies used Dengue IgM as confirmatory method. (Mahboob et al., 2010; Tang et al., 2015; Thein et al., 2014) However, the author justified that Dengue IgM and a more highly accurate RT-PCR was used to double confirm the NS1 Ag positive cases.
Critical appraisal questions Underline your answer Was the exposure accurately measured to Yes/No/Unclear minimise bias?
Evidence: justification, compare and contrasting or/and providing solution
This study did not measure any exposure (environmental, social determinants, etc).
Perhaps, the exposure in this study was not the objective in assessing the biomarkers. The
“exposure” here for this cohort study should be defined as the biomarkers itself. Thus, the
“exposure” is considered accurately measured by the laboratory technique called as
ELISA. (Dussart et al., 2008)
Critical appraisal questions Underline your answer Was the outcome accurately measured to Yes/No/Unclear minimise bias?
PUBH6005_Assessment Brief 3 Page 3 of 8
Evidence: justification, compare and contrasting or/and providing solution
The outcome was the use of clinical dengue classification (World Health Organization, 2012). It was used by the clinician/treating physician to diagnose the patients recruited. The accuracy of the WHO clinical classification is well documented in other study citing that the “severe dengue” category has good sensitivity and specificity. (Alexander et al., 2011)
Critical appraisal questions Underline your answer
Have the authors identified all important confounding factors? Yes/No/Unclear
Evidence: justification, compare and contrasting or/and providing solution
Confounding factors such as age, sex and ethnicity have been identified. There were other confounding factors such pregnancy; patient with autoimmune disorder, haematological disorder, cancer, cardiovascular disease or on long term warfarin and aspirin. These were identified and it was excluded from the analysis. The different days of illness could also affect the biomarker results and thus, this confounding factor has been included into the statistical analysis.
Critical appraisal questions Underline your answer
Have they taken account of the confounding factors in the design and/or analysis? Yes/No/Unclear
Evidence: justification, compare and contrasting or/and providing solution
Confounding factors have been controlled for by exclusion (restricted analysis) and included into the multivariate regression analysis.
However, possible confounding factor that the author has not taken into account was the treatment effect. No analysis on the treatment in regards to the biomarker prediction. Perhaps, future study to evaluate these biomarkers must include the types of treatment. Treatment for dengue are mainly fluid resuscitation and it should be noted down on the different commonly used fluids for resuscitation in dengue. (World Health Organization, 2012)
Critical appraisal questions Underline your answer
Was the follow up of subjects complete enough? Yes/No/Unclear
Evidence: justification, compare and contrasting or/and providing solution
The follow up of the subjects were up to the day of discharge from the hospital or health care facility. This should suffice as the patient recovered and free of the symptoms or complication of the disease. Other studies did not have long follow-up, instead they used cross-sectional study as their study design. This could possibly due to the availability of resources to support the long term follow-up. (Colbert et al., 2007; Mairuhu et al., 2005;
Thein et al., 2014)
Critical appraisal questions Underline your answer
Was the follow up of subjects long enough? Yes/No/Unclear
Evidence: justification, compare and contrasting or/and providing solution
The follow up of the subjects were up to the day of discharge from the hospital or health care facility. It was the maximum duration of the patients can be follow-up. Though some patients might develop another episode of dengue known as secondary dengue, this study has addressed their objective. It will be interesting to have future study that also follow-up even longer period of time to identify sequelae and secondary which is more common in dengue endemic countries/ tropical countries. (Guzmán et al., 2002; Ludolfs, Schilling, Altenschmidt, & Schmitz, 2002) However, this depends on the resources available to conduct such long-term study.
Add additional pages if needed Reference:
Ahmed, M. M. (2010). Clinical profile of dengue fever infection in King Abdul Aziz University Hospital Saudi Arabia. The Journal of Infection in Developing Countries, 4(8).
Alexander, N., Balmaseda, A., Coelho, I. C. B., Dimaano, E., Hien, T. T., Hung, N. T., … on behalf of the European Union, W. H. O. (WHO-T. supported D. S. G. (2011). Multicentre prospective study on dengue classification in four South-east Asian and three Latin American countries. Tropical Medicine &
International Health, 16(8), 936–948. http://doi.org/10.1111/j.1365-3156.2011.02793.x
Colbert, J. A., Gordon, A., Roxelin, R., Silva, S., Silva, J., Rocha, C., & Harris, E. (2007). Ultrasound measurement of gallbladder wall thickening as a diagnostic test and prognostic indicator for severe dengue in pediatric patients. The Pediatric Infectious Disease Journal, 26(9), 850–852. Retrieved from
http://journals.lww.com/pidj/Fulltext/2007/09000/ULTRASOUND_MEASUREMENT_OF_GALLBLADD ER_WALL.18.aspx
Dussart, P., Petit, L., Labeau, B., Bremand, L., Leduc, A., Moua, D., … Baril, L. (2008). Evaluation of two new commercial tests for the diagnosis of acute dengue virus infection using NS1 antigen detection in human serum. PLoS Neglected Tropical Diseases, 2(8), e280. http://doi.org/10.1371/journal.pntd.0000280
Guzmán, M. G., Kourí, G., Valdés, L., Bravo, J., Vázquez, S., & Halstead, S. B. (2002). Enhanced severity of secondary dengue-2 infections: death rates in 1981 and 1997 Cuban outbreaks. Revista Panamericana de
Salud Pública, 11(4), 223–227. http://doi.org/10.1590/S1020-49892002000400003
Kumar, A., Gittens-St Hilaire, M., & Nielsen, A. L. (2013). Epidemiological trends and clinical manifestations of dengue among children in one of the English-speaking Caribbean countries. Transactions of The Royal Society of Tropical Medicine and Hygiene, trt007.
Low, G. K. K., Gan, S.-C., Zainal, N., Naidu, K. D., Amin-Nordin, S., Khoo, C.-S., … Hatta, N. M. (2018). The predictive and diagnostic accuracy of vascular endothelial growth factor and pentraxin-3 in severe dengue.
Pathogens and Global Health, 112(6), 334–341. http://doi.org/10.1080/20477724.2018.1516417
Low, G. K. K., Gan, S. C., & Ho, S. C. (2015). Biomarkers in differentiating clinical dengue cases: A prospective cohort study. Journal of Coastal Life Medicine, 3(12), 967–970.
Ludolfs, D., Schilling, S., Altenschmidt, J., & Schmitz, H. (2002). Serological differentiation of infections with dengue virus serotypes 1 to 4 by using recombinant antigens. Journal of Clinical Microbiology, 40(11), 4317–4320. http://doi.org/10.1128/JCM.40.11.4317-4320.2002
Mahboob, A., Iqbal, Z., Javed, R., Taj, A., Munir, A., & Saleemi, M. A. (2010). Clinical characteristics of patients with dengue fever: Report of 48 patients in 2010. Journal of Ayub Medical College Abbottabad, 22(4), 23– 120. Mairuhu, A. T. A., Peri, G., Setiati, T. E., Hack, C. E., Koraka, P., Soemantri, A., … Mantovani, A. (2005). Elevated plasma levels of the long pentraxin, pentraxin 3, in severe dengue virus infections. Journal of Medical Virology, 76(4), 547–552.
Tang, Y.-L., Chiu, C.-Y., Lin, C.-Y., Huang, C.-H., Chen, Y.-H., Destura, R. V, … Wu, H.-C. (2015).
Establishment and comparison of two different diagnostic platforms for detection of DENV1 NS1 protein.
International Journal of Molecular Sciences, 16(11), 27850–64. http://doi.org/10.3390/ijms161126069
Thein, T., Wansaicheong, G., Gan, V., Dimatatac, F., Go, C., Lye, D., & Leo, Y. (2014). Ultrasound and chest Xray in an adult patient with dengue. In 63rd Annual Meeting of the American Society of Tropical Medicine and Hygiene, ASTMH 2013 (p. 91 (5 SUPPL. 1): 321). New Orleans, LA United States.
World Health Organization. (2009). Dengue guidelines for diagnosis, treatment, prevention and control. (New ed). Geneva, Switzerland: WHO Press.
World Health Organization. (2012). Handbook for clinical management of dengue. Geneva, Switzerland: WHO Press.
Resources for this assignment
Critically appraising INDIVIDUAL articles
Rychetnick, L., Frommer, M., Hawe, P., & Shiell, A. (2002). Criteria for evaluating evidence on public health. Journal of Epidemiology and Community Health, 56, 119-127.
Young, J.M., & Solomon, M.J. (2009). How to critically appraise an article. Nature Clinical Practice Gastroenterology and Hepatology. 6, 82-91.
CASP UK. Critical appraisal skills program checklists (2018). Retrieved from http://www.caspuk.net/#!casp-tools- checklists/c18f8
Thinking about bias
Skelly, A. C., Dettori J. R., & Brodt, E. K. (2012). Assessing bias: the importance of considering confounding. Evidence Based Spine Care Journal, 3(1), 9-12
Note: Please refer to the Academic Writing Guide as available in the Academic Skills section on your Learning Portal

PUBH6005 Assessment 3 Marking Rubric
Assessment
Attributes Unacceptable Poor Functional Proficient Advanced Exceptional
Critical Appraisal Checklist, 30 marks
Table 1:
Checklist is used to appraise the study with supporting evidence and critical appraisal. (30 marks) Fails to answer each question and provide supporting evidence.
Poor critical appraisal.
0 1 2 3 4 5 All questions answered but some supporting evidence. Irrelevant critical appraisal.
6 7 8 9 10 Answered all questions and supporting evidence are relevant.
Acceptable critical appraisal.
11 12 13 14 15 Answered all questions and supporting evidence are relevant with critical appraisal.
16 17 18 19 20 Answered all questions and supporting evidence are relevant with well
developed, some
original critical appraisal.
21 22 23 24 25 Answered all questions and broad-range, high quality supporting evidence with highly developed, original critical appraisal.
26 27 28 29 30
Table 2:
Checklist is used to appraise the study with supporting evidence and critical appraisal. (30 marks)
Fails to answer each question and provide supporting evidence.
Poor critical appraisal.
0 1 2 3 4 5 All questions answered but some supporting evidence. Irrelevant critical appraisal.
6 7 8 9 10 Answered all questions and supporting evidence are relevant.
Acceptable critical appraisal.
11 12 13 14 15 Answered all questions and supporting evidence are relevant with critical appraisal.
16 17 18 19 20 Answered all questions and supporting evidence are relevant with highly developed, some original critical appraisal.
21 22 23 24 25 Answered all questions and broad-range, high quality supporting evidence are relevant with highly developed, original critical appraisal.
26 27 28 29 30
Table 3:
Checklist is used to appraise the study with supporting evidence and critical appraisal. (30 marks)
Fails to answer each question and provide supporting evidence.
Poor critical appraisal.
0 1 2 3 4 5 All questions answered but some supporting evidence. Irrelevant critical appraisal.
6 7 8 9 10 Answered all questions and supporting evidence are relevant.
Acceptable critical appraisal.
11 12 13 14 15 Answered all questions and supporting evidence are relevant with critical appraisal.
16 17 18 19 20 Answered all questions and supporting evidence are relevant with highly developed, some original critical appraisal.
21 22 23 24 25 Answered all questions and broad-range, high quality supporting evidence are relevant with highly developed, original critical appraisal.
26 27 28 29 30
References
(10 marks)
PUBH6005 Lack of referencing.
0 0.5 1 1.5 2 2.5
_Assessment Brief 4 Insufficient referencing or/and gross mistakes in APA 6th Edition style Minimal referencing or/and some mistakes in APA 6th Adequate referencing or/and minimal mistakes in No mistakes in APA 6th Edition style and intext citation.
7.5 8 8.5 No mistakes in APA 6th Edition style and in-text citation.
Page 7 of 8
and improper in-text citation.
3 3.5 4 Edition style and intext citation.
4.5 5 5.5 APA 6th Edition style and in-text citation.
6 6.5 7 9 9.5 10
PUBH6005_Assessment Brief 4 Page 8 of 8

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Mandatory access control (MAC)

Overview

Imagine that you are the information systems security specialist for a medium-sized federal government contractor. The chief security officer (CSO) is worried that the organization’s current methods of access control are no longer sufficient. In order to evaluate the different methods of access control, the CSO requested that you research mandatory access control (MAC), discretionary access control (DAC), and role-based access control (RBAC). Then, prepare a report addressing the positive and negative aspects of each access control method. This information will be presented to the board of directors at their next meeting. Further, the CSO would like your help in determining the best access control method for the organization.

Instructions

Write a 3–5 page paper in which you:

  1. Explain in your own words the elements of the following access control methods:
    • Mandatory access control (MAC).
    • Discretionary access control (DAC).
    • Role-based access control (RBAC).
  2. Compare and contrast the positive and negative aspects of employing a MAC, DAC, and RBAC.
  3. Suggest methods to mitigate the negative aspects for MAC, DAC, and RBAC.
  4. Evaluate the use of MAC, DAC, and RBAC methods in the organization and recommend the best method for the organization. Provide a rationale for your response.
  5. Speculate on the challenges that may arise if the organization applies the method you chose. Suggest a strategy to address each challenge.
  6. Use at least three quality resources in this assignment. Note: Wikipedia and similar websites do not qualify as quality resources
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Management’s Report on Internal Control Over Financial Reporting

Review the Form 10-K for the company selected for team assignments.

Write a 1,050- to 1,400-word paper on the following: 

  1. Management’s Report on Internal Control Over Financial Reporting
  2. The Independent Registered Public Accounting Firm’s Report on Internal Control Over Financial Reporting
  3. The Independent Registered Public Accounting Firm’s Report on the Financial Statements

Explain the purpose and content of each of these reports.

Assuming the report you review is an Unqualified Opinion, express your thoughts on other types of financial statement reports such as Qualified Opinions, Adverse Opinions, and Disclaimer of Opinions.

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Ethics are significant viewpoints where it is a lot of rules that will control the individuals in playing out the exercises by overseeing human conduct so as to lead life ethically

1.Ethics are significant viewpoints where it is a lot of rules that will control the individuals in playing out the exercises by overseeing human conduct so as to lead life ethically. These angles will concern the method for getting things done by discipline the decision of picking among good and bad. It will control the human point of view by the reception of moral standards throughout their life for a superior method for living. The moral standards primarily sway the basic leadership procedure of people.

In practically every one of the associations, pioneers use the moral ways of thinking to settle on different choices concerning their organizations. Moral ways of thinking have been planned so that they manage every one of the components of an association and offer direction in authority just as basic leadership. In binding moral basic leadership to a business or an association, choices on Ethics are basically restricted to words and activities. The conduct of people can be accessed through words and activities, yet there is no chance to get of evaluating one’s considerations. Our considerations have a ramification on our deeds and words and can be guided by the moral ways of thinking to have the best outcomes. This paper will portray the moral ways of thinking from the point of view of an association.

For instance clarifying moral qualities from the youthful age for example in schools where they can make a few exercises where understudies can comprehend the significance of moral qualities and tail them in their life. For example when they are working or living in a general public they won’t make any issues others or upset others. Additionally in working environment they won’t cause clashes and contribute for that organization by making great working place and furthermore deal with their existence with no issues. This sort of Ethics should be trailed by everybody so they will contribute for the general public also.

These are the primary described schools of Ethics and they for the most part center on controlling human conduct. These Ethics went under the way of thinking where the Ethics are really identified with this present reality element by having network identified with the everyday discerning of the individuals.

rat 2.In almost all the organizations, leaders utilize the ethical schools of thought to make various decisions concerning their firms.  Ethical schools of thought have been designed in such a way that they deal with all the elements of an organization and offer guidance in leadership as well as decision making. In confining ethical decision making to a business or an organization, decisions on ethics are primarily limited to words and actions. The behaviour of individuals can be evaluated through words and actions, but there is no way of assessing one’s thoughts. Our thoughts have an implication on our deeds and words and can be guided by the ethical schools of thought to have the best results. This paper will be describing the ethical schools of thought from the perspective of an organization.

One of the ethical schools of thought is virtue ethics. This philosophy relates to the quest for understanding and living a life that is characterized by good morals (Nys, 2010). In an organization, leaders utilize virtue ethics to make various decisions in an organization to ensure that all the activities that the organization is involved in are morally acceptable. Virtue ethics in an organization involves the leaders practising on being brave, honest, and generous. By applying these virtual elements, the leaders lead in an honourable way.

When the employees in an organization apply virtual ethics, they are bound to work ‘towards the set goals and objectives. When employees apply virtual ethics, they honour virtuous habits and thus making them make the right choices whenever they are in a dilemma or even when they are faced by various challenges. When virtual ethics is employed in a firm, it helps individuals to get into a comprehension of what it implies to be virtuous human beings. It also gives them a guide of living life without giving individuals some specific rules for solving ethical dilemmas. 

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Writers Solution

Centers for Disease Control and Prevention (CDC)

 Video link is http://www.pbs.org/wgbh/pages/frontline/vaccines/view/

Discussion questions:

  1. Through a published schedule and set of guidelines, the Centers for Disease Control and Prevention (CDC) and public health officials recommend that every child receive certain vaccinations by age 6. What are the benefits of this recommendation to public health officials, to the community and to other children?
  2. Some parents and health care professionals question the CDC’s recommendations and decide not to vaccinate their children, while others, like Jennifer Margulis, choose to vaccinate their children along an alternative schedule. How might her decision affect both her own children and others?
  3. In what ways is vaccination different from other types of personal health decisions?
    Who should be involved in deciding whether children receive a specific vaccine?
  4. Should the government have the right to compel vaccination? Should parents have the right to refuse it?
  5. What role has Jenny McCarthy and Handly had in the vaccine debate? Do you agree with disagree with her?
  6. Describe Andrew Wakefield’s research published in The Lancet? 
  7. What connection is there with vaccines and autism? Explain.
  8. What is “herd immunity” and how related to vaccine use?
  9. What recent extremely contagious disease has brought this issue back into the news?
    1. Why might some people be especially concerned about having their children in schools that have vaccinations optional?

    10. What is the San Diego connection? Links here San Diego connection (Links to an external site.)  (Links to an external site.) and here (Links to an external site.) to this story?