Cbi Holdings Inc - 843 Words

CBI Holdings Case 2.6 Background CBI Holding a New York based firm serves as the parent company for several wholly owned subsidiaries. Ernst and Young became CBI’s independent auditors and performed audits for CBI’s financial statements from 1990 through 1993. Ernst and Young failed to investigate the alleged advances and conform to clients facts which may include investigating credit limit and analyzing vendor’s payable accounts. Instead the auditors record in their work papers the client’s feeble explanation for the advances. After investigations from a former CBI accountant and CBI controller, Ernst and Young have determined that CBI auditors had failed to detect unrecorded liabilities because they had failed to properly perform†¦show more content†¦With respect to (b), consideration should be given, among other things, to the time elapsed since the financial statements were issued.† (AU 561 – .09a) states that, â€Å"If the auditor has been able to make a sa tisfactory investigation of the information and has determined that the information is reliable: (i) The disclosure should describe the effect the subsequently acquired information would have had on the auditor s report if it had been known to him at the date of his report and had not been reflected in the financial statements. The disclosure should include a description of the nature of the subsequently acquired information and of its effect on the financial statements. (ii) The information disclosed should be as precise and factual as possible and should not go beyond that which is reasonably necessary to accomplish the purpose mentioned in the preceding subparagraph (i). Comments concerning the conduct or motives of any personShow MoreRelatedCbi Case Solution992 Words   |  4 PagesCBI Holding Company, Inc. Case Solution I. Summary A CBI Holding Company was a New-York based parent company for several wholly-owned subsidiaries. These marketed an extensive line of pharmaceutical products that were purchased from drug manufactures, warehoused in storage facilities and then resold to retail pharmacies, hospitals long-term care facilities and related entities. CBI’s chairman and president Robert Castello was the seat of the CBI‘s troubles and principal implementer ofRead MoreJet2 Task 1 Report Essay7823 Words   |  32 PagesBikes, Inc. (CBI) Financial Analysis Report In order to determine a company’s performance, analysis must be done for key metrics, including the ability to pay debts, how much cash or other liquid assets are available, and the company’s viability to continue operations. These analyses involve the review of income statements and balance sheets, where current and past performance will be studied with the goal of predicting how the company will perform in the future. Upper-level management at CBI canRead MoreEssay about New Century Case2096 Words   |  9 Pagesfactors of the auditor’s responsibility of analyzing the effectiveness of a company’s internal control system over financial reporting. Similar to New Century’s case, one of the major issues in CBI Holding Company, Inc. was whether Ernst amp; Young was able to maintain an independent relationship with CBI. During Eamp;Y’s tenure as CBI’s auditing firm, Eamp;Y removed the audit manger from the engagement simply because the client was unhappy about the â€Å"inquisitive and probing nature† of the engagementRead MoreCapital vs Liquidity2688 Words   |  11 PagesThese have fallen by 63% since Oct ’08. Also I have highlighted Irish banks issuance. This falloff shows that the money markets are closed to Irish banks. The modern banks liquidity risk of borrowing short and lending long was crystallizing. Ireland Inc. was losing liabilities. Our loan-to-deposit ratios were deteriorating. Deposit holders moved funds into the AAA rated Rabodirect or elsewhere. Bondholders moved into safer havens such as UK gilts and German Bunds. Further assistance was requiredRead MoreEffects and Implications of Coalition Governments on the Political Scnerio in India16277 Words   |  66 Pagesthe years since independence, the federal government has been led by the Indian National Congress (INC), Politics in the states have been dominated by several national parties including the INC, the Bharatiya Janata Party (BJP), the Communist Party of India (Marxist) (CPI(M)) and various regional parties. From 1950 to 1990, barring two brief periods, the INC enjoyed a parliamentary majority. The INC was out of power between 1977 and 1980, when the Janata Party won the election owing to public discontentRead MoreSubaru Analysis3912 Words   |  16 Pagesassociation president prize about horizontal-faced boxer engine. They’re recognized as high-technological, high-performance brand. In January 2010, they announced going into Korean market. And in April, they started to sell the product in Korea. Subaru Inc. was selected as the most-safe car in 2009 USA, This Year’s Car award Motortrend, made sensation in USA. They got great reputation for their advanced technologies and great performance on their vehicle. The whole brand Subaru should consider just oneRead MoreSubaru Analysis3922 Words   |  16 Pagesassociation president prize about horizontal-faced boxer engine. They’re recognized as high-technological, high-performance brand. In January 2010, they announced going into Korean market. And in April, they started to sell the product in Korea. Subaru Inc. was selected as the most-safe car in 2009 USA, This Year’s Car award Motortrend, made sensation in USA. They got great reputation for their advanced technologies and great performance on their vehicle. The whole brand Subaru should consider just oneRead MoreDoing Business in Curacao Essay14368 Words   |  58 Pagesmanufacture. In case U.S.-origin materials are used, only 20 percent value needs to be added in Curaà §ao. A number of product categories are excluded from tariff privileges under the CBI, including: textiles and apparel, canned tuna, petrol-products, footwear, gloves, luggage, handbags and flat goods. Some products eligible under the CBI include: pineapple and orange concentrate, rum, ceramic tiles, watch bracelets, earthenware, and selected china and porcelain ware. Curaà §ao is also eligible to participateRead MoreAl Gore Famously Stated On The Threat Of Climate Change6568 Words   |  27 Pagesbusiness to competitors. The same problems could per sist with verification of green bonds if issuers voluntarily choose their external reviewer. The Climate Bond Initiative (CBI) recognized the problems of the â€Å"broad integrity guidelines† set forth in the GBP. In developing the Climate Bonds Standard Certification Scheme, the CBI established mandatory requirements for tracking and reporting as well as an assurance framework with independent verifiers. Complying with the Climate Bond Standard enablesRead MoreBuiltrite - Auditing Essay14429 Words   |  58 PagesSolutions for the Biltrite Bicycles Inc. Case Module I - Assessment of Inherent Risk 2 Module II – Assessment of Control Risk 16 Module III - Control Test: Sales Processing 28 Module IV - PPS Sampling: Factory Equipment Additions 30 Module V - Accounts Receivable Aging Analysis 34 Module VI - Sales and Purchases Cutoff Tests 41 Module VII - Search for Unrecorded Liabilities 46 Module VIII - Dallas Dollar Bank Reconciliation 48 Module IX- Analysis of Interbank Transfers 51 Module X -

Atonement and the Failure of the General Point of View

Jett McAlister Narrative POV Seminar 2 March 2004 Atonement and the Failure of the General Point of View Atonement’s chief narrative feature is McEwan’s use of an embedded author—Briony Tallis—whose text is nearly coterminous with the novel itself. This technique is of course not a new one: Sterne’s Sentimental Journey and MacKenzie’s Man of Feeling are both framed as the written accounts of their protagonists. McEwan’s trick in Atonement, though, is presumably that we are to be ignorant of the presence of this embedded author until very close to the end of the book. The chief effect of this is that we are forced to retroactively reconsider our epistemological position vis-à  -vis the novel’s characters and its events, a†¦show more content†¦If we compare the epistemological position of an omniscient God to that of a person, we can suggest that God can see things from a point of view that supercedes even the general point of view: God has an â€Å"absolute† point of view in which all points of view can be se en through and judged for their accuracy or completion; the individual’s point of view is limited and escapable only through imaginative sympathy. Briony-as-God, however, lacks this absolute point of view; as an author, she imagines her characters points of view without instantiating them. Chapters focalized on Cecilia or Robbie show us not their points of view, but Briony’s imagination of them. But because she is haunted by her own epistemological limits—as well as her â€Å"feeling† that she is more â€Å"real† than other people—her imaginative creation fails to allow her to enter other points of view; she cannot, that is, be â€Å"at one† with her characters. The distance between Briony and her characters, her inability to be â€Å"at one† with them, through the experience of either a general or an absolute point of view, makes atonement (â€Å"at-one-ment†) impossible. Questions 1. My point that, on a first reading of Atonement, we are â€Å"supposed† to experience different focalizations as reliable rests on the idea that McEwan, in writing the novel, attempted to keep Briony’s status as author from us. But is this the case? To what degreeShow MoreRelatedTypes Of Christian Ethics By H.richard Niebuhr1677 Words   |  7 Pagesjustice, and offer their own perspectives on the common topic. I. Types of Christian Ethics by H.Richard Niebuhr 1. 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Gmos Free Essays

Shayna Powell GMO: Helpful or Harmful? The battle about genetically modified food is intensifying more and more each day as to whether it is doing more harm than good to the health of the environment and the general population. While there is some potential for a successful GMO world, there are far too many risks and safety factors involved. The factors include the unknown consequences of eating GMOs, the effect of genetic engineering on the environment and genetic diversity, and the massive amounts of herbicides, pesticides, and fungicides required in GMOs. We will write a custom essay sample on Gmos or any similar topic only for you Order Now These products are unsafe, unnatural, and have the potential to cause irreversible damage in the future. Others who disagree might argue that GMOs increase food supply, tolerance of harsh environmental conditions on crops, and pest and disease resistance. While these arguments may have some validity, the idea that these products can be very unsafe and damaging cannot be excused because of these pros. First, genetic engineering can reduce genetic diversity. Plants with reduced genetic diversity cannot handle drought, fungus, or pests as well as natural plants can. GMOs strengthen homogeneity and increase the vulnerability of crops to environmental changes. There is also a concern for the spread of altered genes to weeds and other wild relatives creating â€Å"super-weeds† that will be resistant to herbicides found in GMOs. This in turn would defeat the purpose of genetically engineering crops. In the end, the GM process will be more costly to farmers and agriculture itself. In addition, GMOs require massive amounts of herbicides, pesticides, and fungicides. According to Mark Anslow, Ecologist Editor, â€Å"no genetically modifies crop has yet eliminated the need for chemical fertilizers in order to achieve expected yields. † (Anslow, 464) Also, these chemicals are poisonous and should never be eaten. Why then would companies such as Syngenta and Monsanto find it safe for humans to ingest such poison? Finally, the consequences of eating GM products are widely unknown. Experts say that 60 to 70 percent of processed foods have ingredients that have been genetically modified. That means that most breakfast cereals, snack foods, some baby foods, sodas and oils are being consumed without known risks. In addition, food items that contain GMOs are not labeled in America. According to Jeffrey Smith â€Å"altered nutrients and toxins can result in developmental problems. † (Smith, 471) This has resulted in the nutritional studies on young and developing animals. However humans are very different from animals and could have far different reactions than those shown form tests done on animals. In order to prevent future disasters, long-term studies of biotech foods should be conducted to determine long-term effects. In conclusion, too many risk factors exist for GMOs to be overlooked as a harmless biological advancement. Studies should be done overtime to reveal what effects genetically engineered food can have on the environment and the consumers in the future. While trying to make a â€Å"quick-fix† in the shortcoming of nature, responsible actions should be taken to ensure the safety and well-being of those partaking in the GMO movement. Works Cited Anslow, Mark. â€Å"Ten Reasons Why GM Won’t Feed the World. † Good Reasons with Contemporary Arguments Smith, Jeffrey. â€Å"Another Reason for Schools to Ban Genetically Modified Foods† Good Reasons with Contemporary Arguments How to cite Gmos, Papers