Sarbanes–Oxley Act Compliance As a Certified Public Accountant (CPA), Certified Internal Auditor (CIA), and Certified Information Systems Auditor (CISA) you have been asked to perform an audit of company records in support of the Attest function to verify the annual statements. The inventory balances from the computerized system are reported to be $121 million, but reports from field auditors show that balances are severely overstated. In discussions with employees and managers, you find some overlap in functions with certain personnel authorized to perform functions in other departments. Also, several personnel have not taken vacations in over three years. In compliance with the Sarbanes–Oxley Act of 2002, what would be your approach for the audit assignments:

1. In no more than 750 words discuss three general control weaknesses you may test and examine in the capacity of IT Auditor. Explain what audit evidence would you gather?

16. Which of the following is true regarding the sensitivity of the Free Cash Flow valuation model to errors? a. The future terminal (continuation) cash flow is extremely sensitive to forecasting and growth rate errors. b. All else being equal, a terminal (continuation) value computed 10 years from today with a 3% overstatement in the growth rate will bias the intrinsic valuation more than if the terminal (continuation) value computation were made in 6 years with a 3% overstatement in growth. c. Financial statements after the year 2002 provide less accurate information regarding the market value of debt than financial statements prepared in the late 1980’s. d. Cash flow based statements provide more forward looking information than do accrual based statements and valuation methods. e. Free Cash Flow valuations are riddled with errors and do a poorer job of explaining and forecasting stock prices that the Discounted Dividends model.

Does the health care industry have an ethical obligation to seek changes to malpractice laws when such changes would improve public health? In this instance, poor adherence to treatment protocols poses risks of drug-resistant strains of some diseases and virus mutations, which could affect public health.

Using the class scenario, develop a future scenario that describes at least four reasonable changes in

processes, human factors, and/or technology. Identify your planning assumptions that underlie these

changes. For each change, identify the impact the change will have on the current Enterprise Architecture.

(The class scenario assumes that the orginization is a college campus.)

Enumerate the policy instruments discussed in the Statement (and Implementation Note) of the
FOMC meetings of July 25-26, 2017 and September 19-20, 2017. Which policy changes (or future
policy changes) were announced in the last meeting? BRIEFLY discuss the authority of the FOMC
and the Board of Governors with respect to these policy instruments.

1. Duration provides a good approximation of changes in the price of an option-free bond, when the change in yield is relatively small. However, for large changes in yield a convexity adjustment needs to be incorporated.

With the aid of your own fully annotated diagram, discuss the statement above and address why a convexity adjustment is necessary.

Duration provides a good approximation of changes in the price of an option-free bond, when the change in yield is relatively small. However, for large changes in yield a convexity adjustment needs to be incorporated. With the aid of your own fully annotated diagram, discuss the statement above and address why a convexity adjustment is necessary.

1. Duration provides a good approximation of changes in the price of an option-free bond, when the change in yield is relatively small. However, for large changes in yield a convexity adjustment needs to be incorporated.

With the aid of your own fully annotated diagram, discuss the statement above and address why a convexity adjustment is necessary.