Each of the following situations involves a possible violation by a CPA and member of the AICPA of the AICPA’s Code of Professional Conduct.  For each situation, indicate whether it violates the Code.  If it violates the Code, indicate which rule is violated and explain why.

1. a) You are the controller of ABC, Inc. ABC’s’ external auditors have asked you to sign the management representation letter.  You signed the management representation letter, even though you know that full disclosures have not been made to ABC’s external auditors.

 

 

 

1. b) You were hired by XYZ, Inc. to supervise its accounting department in preparing financial statements and presenting them to senior management. Due to considerable time incurred on other financial activities, you were unable to supervise the accounting staff adequately.  It is later discovered that XYZ’s financial statements contain false and misleading information.

 

 

 

1. c) You are a sole CPA practitioner in private practice and you have provided extensive advisory services for you audit client, HIJ, Inc. You have helped management interpret their financial statements, provided forecasts and other analyses, counseled on potential expansion plans, and counseled on banking relationships.  HIJ is a publicly traded firm subject to SEC regulation.

 

 

 

2)             Assume that you encountered the following issues during several different auditing engagements during 2014.  Discuss how each situation would affect your audit report on financial statements.  Be thorough in covering all sections of the audit report that would be affected.  Also, include an explanation as to why the report would be changed, or not if change isn’t required.  Each item is from a different audit and is independent of the other items.  However, all the firms are not publicly traded and not subject to SEC and PCAOB regulation.

1. a) One of your clients is a real estate investment firm. It experienced a significant decline in the value of its investment properties during the past year because of a downturn in the economy and has appropriately recognized that decline in market value under GAAP.  You wish to emphasize the decline in the economy and its impact on its financial position and results of operations for 2014 in your audit report.

 

 

 

1. b) For the past five years, you have conducted the audits of OPQ, a company that provides technology consulting services, and you have always issued unqualified opinions on its financial statements. Based on its 2014 audit, you believe that an unqualified opinion is appropriate; however, you did note that OPQ reported its third consecutive operating loss and has experienced negative cash flows because of the inability of some of its customers to promptly pay for services received.

 

 

 

1. c) In your audit of ABC, Inc. you found that their supplies inventory had been materially misstated. The firm’s management has refused to restate the inventory because the supplies inventory is a relatively small percentage of their total assets.  You agree that the supplies inventory isn’t a very large percentage of their total, but you still believe that it is materially misstated.

 

 

 

1. d) DEF, Inc. is a manufacturing firm with substantial raw materials, work in progress, and finished goods inventories. Inventories make up 75% of their current assets and 25% of their total assets.  DEF’s management refused to let you audit these inventories in any way because they felt their internal audit department did an adequate job of staying on top if inventory valuations and counts.  They wanted to reduce the audit fees.  You have been unable to perform any alternative procedures that you believe would provide sufficient evidence for you to confirm the ending inventory balances.

 

 

 

1. e) You have completed your audit field work for you audit of GHI, Inc. and are in the process of drafting your audit report. However, the audit manager in charge of the GHI audit just informed you that his wife was GHI’s chief financial officer.

 

 

3)             Changes in an auditee’s financial reporting that create differences from the prior year are classified into two categories – those that effect consistency and those that affect comparability.  Describe these two categories and differentiate between them.  Provide an example of each.  Discuss the effect on the audit report of each.

Write a 700- to 1,050-word paper, based on your reading for the week, examining the importance of emotional intelligence in all aspects of life. Be sure to address the following items in your analysis:

• Describe the differences between traditional cognitive intelligence and emotional intelligence.
• Analyze the use of emotional intelligence concepts in work life, home life, and personal life.

Format your paper consistent with APA guidelines.

Question/Prompt: Examine McCrae and Costa’s five-factor model of personality. Pick one of the factor’s listed (extraversion, neuroticism, openness, agreeableness, or conscientiousness) and describe 1 person in Scripture that you would consider to be high in that area and 1 person in Scripture that you would consider to be low in that area. Please use the same factor for both people and support your stance with Scripture.

Discussion Board Forums Instructions

  

You are required to provide a 300–500-word Discussion Board thread in response to the provided prompt for each forum. You must support your assertions with at least 2 citations in current APA format.

Memo to the marketing staff regarding the company’s introduction of a new diet supplement. identify the persuasive language and positioning needed to attract three different target audiences: Baby Boomers, Gen Xers, and Gen Y-ers.

How would the marketing approach be different for each segmented audience? What communication channels would best reach each group?

500words

For this discussion, you will organize data sets into meaningful number groupings, calculate basic descriptive values, and communicate written critiques of statistical analyses.

This exercise requires the use of a descriptive statistics calculator.  You can find this tool in some versions of Excel (as part of the Analysis ToolPak) or you can use one of the many free online descriptive calculators such as the Descriptive Statistics Calculator by Calculator Soup.

To begin, come up with 20 different data points (that will form a set of data) and enter them into the first column of an Excel spreadsheet.  The data points can be any numbers you want as long as there are 20 of them.

You will then use the descriptive statistics option in your descriptive statistics program or calculator.  This is explained in Chapter 1 of your course text.  You should get an output similar to the image in Figure 1.1.

This output must contain the following values: mean, standard error, median, mode, standard deviation, sample variance, kurtosis, skewness, range, minimum, maximum, sum, and count.  Address the following points in your initial post:

• Begin your discussion by reporting your results for each of the values listed above.
• Based on this output, which single value best describes this set of data and why?
•  If you could pick three of these values instead of only one, which three would you choose and why?

It is important to note that the answers to these questions may be different for each of you since you are each using unique sets of data.

Guided Response: Review several of your classmates’ posts. Provide a substantive response to at least three of your peers, and respond to comments on your post.  Do you agree with your classmate’s selection of the best value based upon their data?  What suggestions might you make for other options? Explain your suggestions citing relevant information from the article and/or your text. Cite your sources in APA format as outlined in the Ashford Writing Center.

For this exercise, you may elect to use the “Analysis ToolPak” within Excel.  This feature is already part of the 2007 and 2010 Excel program for Windows; however, it must be activated.  The following directions were provided by the Help function within Excel.  If you experience issues while following these steps, utilize the Help function within Excel or contact Microsoft’s technical support for Excel.

The Analysis ToolPak includes the tools described below. To access these tools, click Data Analysis in the Analysis group on the Data tab. If the Data Analysis command is not available, you need to load the Analysis ToolPak add-in program.

Load the Analysis ToolPak:

1. Click the File tab, click Options, and then click the Add-Inscategory.
2. In the Manage box, select Excel Add-ins and then click Go.
3. In the Add-Ins available box, select the Analysis ToolPak check box, and then click OK.

Tip:  If Analysis ToolPak is not listed in the Add-Ins available box, click Browse to locate it.

If you are prompted that the Analysis ToolPak is not currently installed on your computer, click Yes to install it.

Write a 200- to 350-word response to each of the following:

• What are the characteristics of effective teams?
• How do roles, needs, and diversity affect teamwork? Provide specific examples.
• What are components of group diversity?

APA Format

 

Choose three pieces of media communication targeted to three different audiences. Use websites, online brochures, online promotional pieces, online newspaper articles, or other media available online. For each media communication, write a 100-word paragraph that describes the targeted audience of the communication. Examine the elements, both written and visual, incorporated into the communication for its particular audience. Explain whether or not these elements are effective in targeting its audience, and whether you believe the writer of the communication has a clear sense of who the audience is. Include the URL for each media communication. Be sure to cite and reference at least one source, in addition to the textbook, and formatted according to APA style guidelines as outlined in the Ashford Writing Center.

State Reporting Requirements for Hospitals

Hospitals must report certain types of information to their state department of health and other state agencies. The specific requirements differ from state to state, and can change over time as well. What remains constant, however, is the need for efficient and accurate methods for meeting these reporting requirements.

To prepare for this Discussion research the statutory requirements for hospital reporting in your state, or another state of interest to you. The National Academy for State Health Policy report in this week’s Learning Resources will provide a good start to your research, but you should do further exploration to fill out your understanding of the state reporting requirements by hospitals in your selected state.

With these requirements in mind, consider the following:

• What data are needed to fulfill these reporting requirements?
• Select a particular type of hospital, such as a small community hospital or a large urban facility within a multi-state hospital system, and identify challenges this institution might encounter in complying with these requirements.
• Review the health information systems you have learned about so far in this course, and do further exploration, as needed, to identify systems that would help in capturing, processing, and providing the data required for those reports.

Post by Day 4 a response to the following:

• Summarize the state’s reporting requirements for hospitals.
• Analyze challenges that these requirements might pose to your selected type of hospital.
• Propose which hospital IT systems might be used to produce the data necessary for these reports. If multiple systems could be used, select which one you think is best and state why.
• Briefly, describe at least one way in which these reporting requirements contribute to the public’s health, and one way in which this reporting benefits the organization providing the data.

The treatment of anaphylactic shock varies depending on a patient’s physiological response to the alteration. Immediate medical intervention and emergency room visits are vital for some patients, while others can be treated through basic outpatient care.

Consider the January 2012 report of a 6-year-old girl who went to her school nurse complaining of hives and shortness of breath. Since the school did not have any medication under her name to use for treatment and was not equipped to handle her condition, she was sent to an emergency room where she was pronounced dead. This situation has raised numerous questions about the progression of allergic reactions, how to treat students with severe allergies, how to treat students who develop allergic reactions for the first time, and the availability of epinephrine in schools. If you were the nurse at the girl’s school, how would you have handled the situation? How do you know when it is appropriate to treat patients yourself and when to refer them to emergency care?

To prepare:

• Review “Anaphylactic Shock” in Chapter 23 of the Huether and McCance text, “Distributive Shock” in Chapter 10 of the McPhee and Hammer text, and the Jacobsen and Gratton article in the Learning Resources.
• Identify the multisystem physiologic progression that occurs in anaphylactic shock. Think about how these multisystem events can occur in a very short period of time.
• Consider when you should refer patients to emergency care versus treating as an outpatient.
• Select two patient factors different from the one you selected in this week’s first Discussion: genetics, gender, ethnicity, age, or behavior. Reflect on how the factors you selected might impact the process of anaphylactic shock.

Post by Day 4 an explanation of the physiological progression that occurs in anaphylactic shock. Then, describe the circumstances under which you would refer patients for emergency care versus treating as an outpatient. Finally, explain how the patient factors you selected might impact the process of anaphylactic shock.