Be explicit and explain to the CFO how financial markets differ from markets for physical assets and why that difference matters to Jagdambay Exports. 2. Explain the relevance of money markets and capital markets for Jagdambay Exports. 3. Analyze Jagdambay exports and advise how the CFO should consider the primary market and secondary market in the expected transaction.
This can reduce the risk of the data being loss as the database can be saved in a variety of different forms. - This type of database makes it simple for the editor to update as the data is split into separate data fields instead of multiple tables. Disadvantages: - The database doesn’t require a relational link meaning that when information is changed for one individual it will not automatically change for all the records of that individual meaning that you would have to find each record of that person and change it for all the records data collected for that person. - The database normally involves you repeatedly writing the same data which can cause many issues such as human error meaning that mistakes could be made causing records not to be presented when looking for records about a particular person. - When updating the database it can be often hard to identify any errors contained within the database as multiple records of data is contained within the database - The flat file database doesn’t prevent similar data being typed for two individuals which could cause confusion as it would bring up multiple records for multiple people with similar records making it hard to find out information about a
A securitization transaction is widely used by the organizations in order to prevent any potential risk happen in their organizations. According to Senanayake (2010) on her books is Asset-backed securitization and the financial crisis stated that, securitization is the process of individual loan packaging and other debt instruments. Where the packaging process will be transfer as a security to improve a rating or credit status. While Davidson et al. (2003) stated that securitization is a process of packaging and transfer financial promises into form where it can be easily transfer to other investors.
The companies do not need to cost much money on making changes of their networks. It keeps translating between the set of protocols whenever the two banks want to make connections. If the headquarters get stuck, the whole connection will be influenced. Furthermore, the LANs cannot get communications in time so the headquarters may need to transfer more data which give it more pressure. Alternative B It has the best results.
It is a procedure that involves auditing techniques to identify and gather evidence to prove the nature of the fraud and develop the context of the fraudulent activity. For instance, forensic auditing revolves around proving how the fraud has been perpetrated the motive behind the fraud, partners involved in the fraud, and any suggestion of the motive to destroy evidence. In summary, forensic accounting is a branch of forensic auditing that uses the set auditing principles to put financial fraud into context, and prove the commitment of such
Paragraph 67 of PCAOB Auditing Standard No. 12 states that: The auditor 's evaluation of fraud risk factors should include evaluation of how fraud could be perpetrated or concealed by presenting incomplete or inaccurate disclosures or by omitting disclosures that are necessary for the financial statements to be presented fairly in conformity with the applicable financial reporting framework. Most likely, Qwest did not have this system or was not using it. Someone would have caught the mistake and corrected it in order to comply with accounting and auditing standards. Conversely, it is possible that the information was to fully disclosed in order to trick investors on
It is an interesting topic because it educates on how to prevent, detect, and deter fraud from occurring (Krancher, 2011, P. 14). Fraud examination is not only used to review the financial data, but also involves using techniques such as interview, financial analysis, obtaining evidence, public searches, and forensic document examination. Most importantly, fraud examination involves finding evidence for a specific allegation; whereas, unlike auditing, professional skepticism is used to make an opinion about financial statement and other related information. Finally, categories of fraud are the third most interesting topic because it teaches how to identify the type of crime or fraud occurred. To name a few, asset misappropriation, corruption, and financial statement fraud are major categories of crime.
Nevertheless, Cooper and Gubellini (2007) examine the robustness of these findings, and provide evidence that whether the value premium is due to risk depends significantly on the chosen information variables used to classify good and bad market states. The authors contend that Petkova and Zhang’s results were subject to data mining and resolve this issue by using various additional conditioning variables, then conclude that the premium is not due to higher
It is important to the external auditors to maintain skepticism and professional due care in doing auditing. However, the level of skepticism of an auditors should not be decreased even though the level of fraud risk in the management was assessed to be low. If auditors have less skepticism and suddenly fraud was found in the management, hence it will caused auditors to do more audit procedures that is mean more costs to incur. Therefore, we recommend that, every auditors need to maintain their skepticism in doing audit work, no matter that auditors has belief the internal control of the management is good and whether auditors has experiences regarding the management fraud. Senior level of auditors may always supervise the lower level in ensuring that they are exercising professional skepticism as required.
The primary function of AIS is assigned the qualitative value of economic events. It is a computerized accounting of produce the financial statement named as Income Statement. Cash Flow Statement and Balance sheet. Accounting Information System can ensure the reliability of financial information processing and control and measures the economic information reliability. Managers Need AIS means to decide internal controls.