Loblaw%20%26%20TMH%20Cases%20%28October%2024%202011%29

Loblaw%20%26%20TMH%20Cases%20%28October%2024%202011%29 -...

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Strategic Systems Auditing Cases: Loblaw Companies Limited Triangle Manufactured Homes Tim Bauer ACCY 405 October 24, 2011
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Announcements Final Exam: Wednesday, December 14 Time: 1:30-4:30pm  Midterm Exam #2: Wednesday, November 2 Individual Writing Assignment: due Monday  October 31 Outside class assignment: due Wednesday,  October 26
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Outside Class Assignment Triangle Manufactured Homes (TMH) – Risk Assessments Having considered the risks to TMH of providing loans to customers and  transferring those customer loans to banks in the previous hand-in  assignment, identify two accounts that you would assess the RMM to be  “other than low” and explain why the accounts are other than low risk. Attempt to identify the management assertions (e.g. existence) within those  accounts that you would focus specific attention on and provide a rationale  for why those assertions are important.  Submit your typed, one-page (double-spaced) justification for your  assessments in the dropbox on the course website by the start of class on  Wednesday, October 26 AE7: 10am; AE3: 2pm, AE2: 4pm
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Today’s Objectives Tips for the Individual Writing Assignment Steps in Strategic Systems Auditing (SSA) Revisiting the Loblaw case. Triangle Manufactured Homes – Part 1:  Group Talk 8 Business & Accounting Analysis
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As you work on your IWA, consider the following:  You want to provide a  manual  to your fellow auditors on how to  audit fair value estimates with level 3 inputs. With that in mind, it might help to think about giving  step-by-step   guidance. Do not simply re-define what the GAAP or GAAS standards say, but  that does not mean you cannot talk about them. You should talk  about them in the context of the general client example that you  have been provided.
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The client real estate example is general. You do not have much  information about the client context.  Feel free to make assumptions about what information or evidence or  controls you might be able to find or would want to see.   audit steps given that assumption. Provide specific steps to help guide your fellow auditors, but those  steps themselves might contain general suggestions or specific items  that you dream up.
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Think about the sports complex developments as more community- based than professional-based. Your clients are not building new ice  rinks for the Blackhawks or for teams to compete with the Blackhawks, 
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This note was uploaded on 11/17/2011 for the course ACCY 405 taught by Professor D during the Winter '11 term at University of Illinois at Urbana–Champaign.

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Loblaw%20%26%20TMH%20Cases%20%28October%2024%202011%29 -...

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