Syria Reconstruction, political science homework help (15 pages) Humanities Assignment Help

you have to choose two company in same industry and explain here an example for you to understand please i want a cited work

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******************* INSTRUCTION *************** 

Kudler Food – System Integrity and Validation 

In addition to the audit plan for the analyzed processes, recommend ways the audit documentation and process may be improved using computer technology.

Prepare an internal brief (1000 words) and accompanying 8 slide Microsoft® PowerPoint® presentation in which you address the following:

• Describe how the selected computer assisted auditing techniques will be used to validate data and system integrity within the system.
• Explain the functions of audit productivity software.
• Explain how audit productivity software might be used in the systems designed.

Write a 1-page summary of the recommendations made to Kudler Food and include it as a preface to your brief.

Review the “Ethics in Action” scenario in Chapter 46

Write a paper of not more than 1,050 words in which you answer the following questions:

• Do you think that the creation and work of the Public Company Accounting Oversight Board (PCAOB) has resulted in greater independence of auditors of public companies?
• If auditing of financial statements is required primarily for the protection of public investors, should not all PCAOB members be taken from the investment community that uses audited financial statements?
• What regulatory compliance requirements apply to various business situations?

Cite at least 5 peer-reviewed references.

Format your paper consistent with APA guidelines.

Ethics in Action scenario

Figure Public Company Accounting Oversight Board

One of the main features of the Sarbanes–Oxley Act (SOX) is the creation of an independent board that oversees the audits of public companies. Congress’s perception was that auditing firms were not sufficiently independent of the public companies they audited due in part to the audit firms’ receiving sizable nonaudit consulting fees from their audit clients. Thus, SOX created a Public Company Accounting Oversight Board (PCAOB). Public accounting firms that audit financial statements of public companies are required to register with PCAOB and submit to its rules. The board is charged with adopting rules establishing auditing, quality control, ethics, and independence standards. It has the power to regulate the nonaudit services that audit firms may perform for their clients. The PCAOB has the power to inspect periodically public accounting firms and to issue reports of the results of the reviews. The purpose of inspections is to assess the degree of compliance with the requirements of SOX, professional auditing standards, and the rules of the PCAOB and the SEC in the performance of audits and the issuance of audit reports of public companies. In addition, the PCAOB may investigate and discipline audit firms and their partners and employees.

The PCAOB is not a federal agency, but a nonprofit corporation with broad regulatory power like the Financial Industry Regulatory Authority (FINRA), a self-regulatory organization that regulates securities brokers and dealers. It has five members, only two of which may be CPAs. No board member may receive any share of profits or compensation from a public accounting firm.

• Do you think that the creation and work of the PCAOB results in greater independence of auditors of public companies?

• If auditing of financial statements is required primarily for the protection of public investors, should not all PCAOB members be taken from the investment community that uses audited financial statements?

2-6 Describe the various approaches used in determining probability values.

2-7 Describe the characteristics of a Bernoulli process. How is a Bernoulli process associated with the binomial distribution?

2-8 What is a random variable? What are the various types of random variables?

2-10 What is the expected value, and what does it measure? How is it computed for a discrete probability distribution?

2-11 What is the variance, and what does it measure? How is it computed for a discrete probability distribution?

2-35 Trowbridge Manufacturing produces cases for personal computers and other electronic equipment. The quality control inspector for this company believes that a particular process is out of control. Normally, only 5% of all cases are deemed defective due to discolorations. If 6 such cases are sampled, what is the probability that there will be 0 defective cases if the process is operating correctly? What is the probability that there will be exactly 1 defective case?

2-36 Refer to the Trowbridge Manufacturing example in Problem 2-35. The quality control inspection procedure is to select 6 items, and if there are 0 or 1 defective cases in the group of 6, the process is said to be in control. If the number of defects is more than 1, the process is out of control. Suppose that the true proportion of defective items is 0.15. What is the probability that there will be 0 or 1 defects in a sample of 6 if the true proportion of defects is 0.15?

2-37 An industrial oven used to cure sand cores for a factory manufacturing engine blocks for small cars is able to maintain fairly constant temperatures. The temperature range of the oven follows a normal distribution with a mean of 450°F and a standard deviation of 25°F. Leslie Larsen, president of the factory, is concerned about the large number of defective cores that have been produced in the past several months. If the oven gets hotter than 475°F, the core is defective. What is the probability that the oven will cause a core to be defective? What is the probability that the temperature of the oven will range from 460° to 470°F?