Identify and explain FIVE ethical threats which may affect the independence of Beech & Co’s audit of Willow Wands Co

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Identify and explain FIVE ethical threats which may affect the independence of Beech & Co’s audit of Willow Wands Co

1 You are an audit senior of Beech & Co and have been allocated to the audit of Willow Wands Co (Willow), a listed
company which has been an audit client for eight years and specialises in manufacturing musical instruments.
Bethan Oak was the audit engagement partner for Willow and as she had completed seven years as the audit
engagement partner, she has recently been rotated off the audit engagement. The current audit partner, Sandeep Pine,
has suggested that in order to maintain a close relationship with Willow, Bethan should undertake the role of
independent review partner this year. In addition Willow has requested that Bethan assist them by attending their
audit committee meetings, as a non-executive director has recently left the company.
Willow has also asked Sandeep and the other partners at Beech & Co to help them in recruiting a new non-executive
director.
The total fees received by Beech & Co for last year equated to 16% of the firm’s total fee income. The current year’s
audit fee has not yet been confirmed, but along with taxation and other possible non-audit fees the total income from
Willow this year could be greater than for last year. Last year’s audit fee was being paid monthly by Willow but no
payments have been made for the last three months.
The audit manager for Willow has just announced that he is leaving Beech & Co to join Willow as the financial
controller.
Required:
Using the information above:
(i) Identify and explain FIVE ethical threats which may affect the independence of Beech & Co’s audit of Willow
Wands Co; and
(ii) For each threat explain how it might be reduced to an acceptable level.
Note: The total marks will be split equally between each part.

 

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Determine the total project completion time and the critical path for the project

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McGee Carpet and Trim installs carpets in commercial offices. Andrea McGee has been very concerned with the amount of time it took to complete several recent jobs. Some of her workers are very unreliable. A list of activities and their optimistic completion time, the most likely completion time, and the pessimistic completion time (all in days) for a new contract are provided in a given table. Following are the activities that are required to install the carpets in the offices:

Activity 1: Measure office room dimensions
Activity 2: Estimate cost
Activity 3: Material requisition
Activity 4: Workforce requisition
Activity 5: Special tool requisition
Activity 6: Installation
Activity 7: Inspection and customer acceptance

Activity 2 starts immediately after Activity 1. Activity 3, Activity 4, and Activity 5 start concurrently after Activity 2. Activity 6 does not start until after Activity 3, Activity 4, and Activity 5 are completed. The carpet installation project is complete after Activity 7 is completed. If OT = Optimistic Time, MT = Most Likely Time, and PT = Pessimistic Time, use a Program Evaluation Review Estimate (PERT) to compute the statistical time for each activity, as in the following table:
Activities
OT
MT
PT
Activity 1
2
3
4
Activity 2
3
6
9
Activity 3
4
8
12
Activity 4
6
8
10
Activity 5
8
10
12
Activity 6
10
14
18
Activity 7
4
6
8
You must also do the following:

Determine the expected completion time and the variance for each activity
Determine the total project completion time and the critical path for the project
Determine Early Start (ES), Early Finish (EF), Late Start (LS), and slack for each activity
What is the probability that McGee Carpet and Trim will finish the project in 40 days or less?
Define project management and the necessary requirements.
Analyze implications of changes in project scheduling.
Evaluate application of project management techniques in terms of the firm’s business operational goals and requirements.

Please submit your assignment in an APA-formatted paper.
Submitting your assignment in APA format means, at a minimum, you will need the following:

Title page: Remember the running head. The title should be in all capitals.
Body: The body of your paper begins on the page following the title page and abstract page and must be double-spaced (be careful not to triple- or quadruple-space between paragraphs). The type face should be 12-pt. Times Roman or 12-pt. Courier in regular black type. Do not use color, bold type, or italics except as required for APA-level headings and references. The deliverable length of the body of your paper for this assignment is 2–3 pages. In-body academic citations to support your decisions and analysis are required. A variety of academic sources is encouraged.
Reference page: References that align with your in-body academic sources are listed on the final page of your paper. The references must be in APA format using appropriate spacing, hang indention, italics, and upper- and lowercase usage as appropriate for the type of resource used. Remember, the Reference Page is not a bibliography but a further listing of the abbreviated in-body citations used in the paper. Every referenced item must have a corresponding in-body citation.

 

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Conduct research about this country regarding various cultural differences that might impact international business dealings

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REPORT #1 – Outline
DUE DATES:
Outline DUE May 22, 2016 by 6pm ET

Here are the directions for the assignments:
OUTLINE: Follow the FORMAT OF A TRADITIONAL FORMAL SENTENCE OUTLINE in Troyka (page number may vary depending on the edition). This mean each entry on the outline must be in a complete sentence. Be sure to include a thesis statement.

REPORT:
Select a foreign country. Conduct research about this country regarding various cultural differences that might impact international business dealings. Look for differences regarding customs, use of space, hand-gestures, time orientation, social behavior, the manner in which business is conducted, and other business-related issues you deem important.
Develop an informative report discussing your findings. Quantity is not as important as is quality. Though, the report most likely will be at least one page.
Follow formatting examples in Newman for business reports. Use one-inch margins and single-spacing. Beyond this, use any format you wish for this report. The text provides many different examples. Make the report neat and professional!
Specifically, an effective report will be
Visually appealing
Accurate
Brief (no more than a page or two depending on the information you wish to provide)
Well-organized
Logical

(do it on japan and just make it an outline)

 

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identify the ways that social media are changing the communication process

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Writing: Compositional Modes: Persuasion [LO-3], Chapter 9 Social media use varies widely from company to company. Some firms enthusiastically embrace these new tools and new approaches. Others have taken a more cautious approach, either delaying the adoption of social media or restricting their use. You work for an “old school” manufacturing firm that prohibits employees from using social media during work hours. Company management believes that social media offer little or no business value and distract employees from more important duties. In a brief e-mail message to your boss, identify the ways that social media are changing the communication process and relationships between companies and their employees, customers, and communities. Provide at least one example of a real manufacturing company that uses social media.

 

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