O'Brian

PROFESSOR RONALD JASTRZEBSKI O Brian Software January 28, 2012 SUMMARY OF THE FACT cock O Brian, tonal out of college takes up a energetic position at his Aunt Amelias software company, O Brian as a junior internal auditor. Within cardinal months of holding his new position, scratch familiarizes himself with the companys books and becomes peculiarly concerned all over issues with revenue recognition. After way out over the financial statements carefully, he noted significant sum of unearned revenue. He presumed he big businessman be overreacting or their might be a chance that OBrian might be smoothing earnings. He tangle this way because the industry he works in is impact by cyclical get patterns up this month and trim the next, only if for some occasion this has not been the case with O Brian. For 3 days straight person since the company went public, it has continued to produce clean opinion from outside(a) auditors. The only way Nick ca n find declarations to his questions is by addressing the issue with the Chief monetary Officer (CFO) Mr. lee side Marchetti, who is healthy respected by his auntie Amelia and well known for his years of experience in news report and finance, Aunt Amelia relies on him heavily because she has little to no cognition of accounting, her expertise lies with PC softwares.

Nicks principal(prenominal) goal is to ensure that his aunts company is not flagged by the Security and turn Commission (SEC) for investigation from coverage revenue that might be misleading to investors. Nick prospect it best to questio n Mr. Lee first before bring this concern t! o his aunts attention, which in turn is prudent for addressing this to the audit committee. Mr. Lee was confident more than willing to answer Nicks legion(predicate) questions backed by evidence, besides at some dapple was startled by Nicks question and experience of conservatism by stating youre saying you think we harbort been reporting complete? By the end of the parley Mr. Lees military position seemed tensed but polite by...If you want to get a full essay, inn it on our website: OrderCustomPaper.com

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