12/31/03 had the following balances in its S.E section of the B.S:

Common Stock, $.50 par $300k

APIC - Common Stock $4 million

APIC - Share Repurchase $50k

R.E $2 million

Treasury Stock, at cost, 30k shares $(600k)

During 2004 completed the follwing transactions:

2/20: Issued40k shares of common stock (with a $.50 par value) in exchange for a machine w/ an appraised value of $800k

6/17: Resold 15k shares of treasury stock for $240k (The treasury stock was resold relates to common stock that was originally issue for $18 per share & was reacquired for $20 per share during 2003.)

12/2: Issued 10k shares of common stock for $24 per share. Share issue costs to promote the stock issuance totaled $15k

12/31: Reported NI of $1.5 million and other comprehensve income of $200k on the companys statement of comprehensive income.

Using the info provided above, what would they report within its 12/31/2004 S.E section of the B.S.

Provide the following amounts as they would appear in the B.S at 12/31/2004.

#1: APIC - Common Stock __________

#2: Retained Earnings __________

#3: Treasury Stock __________

#4: Common Shares Issued __________

Submit a thread of at least 400 words on the effects of the Sarbanes-Oxley Act of 2002 on the auditor and the auditing profession. Your thread should be properly cited, using APA formatting, and should include at least two scholarly sources

There was almost a complete turnover of the staff assigned to the New Century audit engagement team from 2004 to 2005. What quality control mechanisms should accounting firms have in such circumstances to ensure that a high-quality audit is performed?

IAS 7 - CONSOLIDATED CASH FLOW

Assume that on 1 January 2003, HH Bhd (HHB) a parent company acquired 75% of interest in subsidiary SS Bhd (SSB). On that date the shareholders’ funds of SSB stood at RM700K. Assume that SSB is the only subsidiary that PPB has. An item of property plant and equipment (PPE) was found to be undervalued by RM40K and was subsequently revalued to its fair value. HHB had paid RM655K in cash. The following are the consolidated financial statement prepared by HHB for 2004 incorporating its subsidiary SSB.

Consolidated Statement of Comprehensive Income for the year ended 31 December 2004

Consolidated Statement of Financial Position as at 31 December 2004

Additional information:

(a) There is no impairment of goodwill recorded for the year.

(b). During current year, HHB paid RM400K dividend. SSB earned net income of RM600K and paid dividend of RM180K.

(c)   During the year, an item of machinery which had originally cost RM140K and had been depreciated RM60K was sold by HHB for RM68K. Another machine was immediately purchased for RM190K.

(d)   An investment which had originally cost RM80K was sold for RM96K cash.

(e)   An additional long term loan of RM50K was obtained during the year.

You are required to prepare:

a).     The worksheet for the preparation of a consolidated cash flow statement.

b).     The consolidated statement of cash flows for the year ended 31 December 2004.

In a study of academic procrastination, the authors of a paper reported that for a sample of 431 undergraduate students at a midsize public university preparing for a final exam in an introductory psychology course, the mean time spent studying for the exam was 7.24 hours and the standard deviation of study times was 3.50 hours. For purposes of this exercise, assume that it is reasonable to regard this sample as representative of students taking introductory psychology at this university.

(a) Construct a 95% confidence interval to estimate μ, the mean time spent studying for the final exam for students taking introductory psychology at this university. (Round your answers to three decimal places.)

(b) The paper also gave the following sample statistics for the percentage of study time that occurred in the 24 hours prior to the exam.

n = 431      x = 43.18      s = 21.26

Construct a 90% confidence interval for the mean percentage of study time that occurs in the 24 hours prior to the exam. (Round your answers to three decimal places.)
(  ,  ) ( , )

In a study of academic procrastination, the authors of a paper reported that for a sample of 411 undergraduate students at a midsize public university preparing for a final exam in an introductory psychology course, the mean time spent studying for the exam was 7.64 hours and the standard deviation of study times was 3.60 hours. For purposes of this exercise, assume that it is reasonable to regard this sample as representative of students taking introductory psychology at this university.

(a) Construct a 95% confidence interval to estimate μ, the mean time spent studying for the final exam for students taking introductory psychology at this university. (Round your answers to three decimal places.)
(   ,   )

(b) The paper also gave the following sample statistics for the percentage of study time that occurred in the 24 hours prior to the exam.

n = 411      x = 43.28      s = 21.66

Construct a 90% confidence interval for the mean percentage of study time that occurs in the 24 hours prior to the exam. (Round your answers to three decimal places.)
(   ,   )

Interpret the interval.

*We are confident that 90% of the mean percent of study time that occurs in the 24 hours prior to the exam for all students taking introductory psychology at this university is within this interval.

*We are 90% confident that the mean percent of study time for all students taking introductory psychology is within this interval.

*We are confident that the mean percent of study time that occurs in the 24 hours prior to the exam for all students taking introductory psychology at this university is within this interval at least 90% of the time.

*We are 90% confident that the mean percent of study time that occurs in the 24 hours prior to the exam for all students taking introductory psychology at this university is within this interval.

In a study of academic procrastination, the authors of a paper reported that for a sample of 481 undergraduate students at a midsize public university preparing for a final exam in an introductory psychology course, the mean time spent studying for the exam was 7.54 hours and the standard deviation of study times was 3.80 hours. For purposes of this exercise, assume that it is reasonable to regard this sample as representative of students taking introductory psychology at this university.

(a) Construct a 95% confidence interval to estimate μ, the mean time spent studying for the final exam for students taking introductory psychology at this university. (Round your answers to three decimal places.)

(b) The paper also gave the following sample statistics for the percentage of study time that occurred in the 24 hours prior to the exam.

n = 481      x = 43.78      s = 21.46

Construct a 90% confidence interval for the mean percentage of study time that occurs in the 24 hours prior to the exam. (Round your answers to three decimal places.)

In a study of academic procrastination, the authors of a paper reported that for a sample of 441 undergraduate students at a midsize public university preparing for a final exam in an introductory psychology course, the mean time spent studying for the exam was 7.74 hours and the standard deviation of study times was 3.40 hours. For purposes of this exercise, assume that it is reasonable to regard this sample as representative of students taking introductory psychology at this university.

a) Construct a 95% confidence interval to estimate μ, the mean time spent studying for the final exam for students taking introductory psychology at this university. (Round your answers to three decimal places.)

(__________ , __________ )

b) The paper also gave the following sample statistics for the percentage of study time that occurred in the 24 hours prior to the exam.

n = 441      x = 43.78      s = 21.46

Construct a 90% confidence interval for the mean percentage of study time that occurs in the 24 hours prior to the exam. (Round your answers to three decimal places.)

(_________ , _________ )

The purpose of this exercise is to practice writing an abstract of an academic work. An abstract is a concise summary of the topic, goals, content, and argument of an academic work. Learning to write a good abstract is a key step in developing a critique of an academic work—you cannot provide a good critique of an article or book until you are able to first summarize the author’s argument and the evidence she uses to support it.

Assignment:

For this exercise, write a 150-200 word abstract of chapter 5 (“The Phenomenology of Terror”) in Buried Secrets by Victoria Sanford.

Your goal is to provide a succinct summary of: the topic of the chapter, Sanford’s thesis in the chapter, and the data she uses to support it.

Guidelines:

The first sentence(s) should describe accurately and concisely the main theme of the chapter: What is it about? What is the main topic??Where, when, and with whom was the research done?

The following sentence(s) should concisely state the author’s thesis and how she argues her position. Remember that a thesis must be stated in the form of an argument, not a statement of fact.

The next sentence(s) should briefly outline the information that the author uses to support her thesis. For example, is the data ethnographic or is it historical or a combination of both? Does the author draw primarily on media sources or did she conduct interviews? With whom did she conduct interviews and why? How does the author present or organize her data to support her case?

Your abstract should end with a summary of the implications of the chapter: Why is this chapter significant? What does the author accomplish or hope to accomplish by presenting this data?

Caterham PLC distributes sports equipment for sale to a number of ‘High Street’ chains, importing branded goods from China and India. The company has several distribution and delivery hubs throughout the UK, and floated on the LSE in 2001. As the business has grown, Directors have become concerned that systems of internal financial control and internal audit have not kept pace with their growing product range and increasingly complex management structure, which includes the increasing use of delegated budgets and greater reliance upon distribution centre based target setting, monitoring and reporting.

The Company appointed Helpe Watson (Chartered Accountants) as external auditors in 2002, with Claire Jackson as reporting auditor. In 2003 and 209, Helpe Watson were employed to complete additional work on behalf of the company, advising on the development of internal audit systems and acting as advisors corporate taxation. In addition, Claire Jackson is retained by the Managing Director of the company as a personal tax and financial adviser.

The Financial Statements of the company are produced to a year-end of 31^st December. All audit reports issued since 20014 have been unqualified. Company turnover in 2019 was £16.5 million, with profit after tax of £6 million.

1. With reference to current IAS and IFRS, outline the duties of the Statutory Auditor in relation to reporting to stakeholders.

2. Produce an outline external audit plan for this company’s annual audit and explain each stage of the audit planning and preparation process, with reference to current auditing standards.

3. Identify three areas of potential ‘audit focus’ and suggest how a statutory auditor could analyse, evaluate and test the figures provided on the financial statements of the company.

4. With reference to the 2015 EU auditing directive and existing IASB provisions, discuss the potential issues relating to the re-appointment of Helpe Watson in the light of compliance with current auditing regulation and ethical standards.