Reasearch Composition

Integrated Circumstance Application Component II & III

DeVry University

Olumide Ajileye

Maggie Daughtry

Staneecha Henderson

Sasha De La Insieme

Porttra Cruz

Quintina Haywood


PART II 9-37


After a detailed analysis and careful consideration regarding the factors and conditions which have been set forth inside the text, it is reasonable to visit the following results: Pinnacle provides a variety of areas that are of interest when performing and audit and verifying very good financial procedures. It seems that Epitome is at a crossroads in terms of their technical future in the energy sector and that these kinds of decisions happen to be affecting a number of practices throughout Pinnacle. Management integrity will be compromised every time a Vice President in the company is directly contracting employees coming from a business his wife owns. This in and of itself seems like a conflict of interest all across the board especially being that the Vice President feels the necessity to wear the t-shirt around work and opening express the relationship he has with the company. Moreover, the fact that Pinnacle can be approving internals loans is definitely deeply with regards to while as well allowing it can employees to complete construction work in it's building's addition as opposed to the appropriate construction company. Management has cultivated an atmosphere that allows activities such as that may in a few eyes be an mind boggling lapse of integrity. Also, seeing that Peak has a excessive turnover price with supervision within it is internal examine department is definitely alarming. Typically, where there is smoke, there exists fire. Being that Pinnacle is known as a publicly traded firm, it has tasks to its shareholders to provide appropriate and accurate data its economical statements also to act ideal of all their stakeholders. Together with the board of directors determining to raise financial debt to fund by a significant amount achievable construction uses, it displays an interest in growth although a lack of understanding on the timing the growth should take place. Even more concerning is that fact that Pinnacle has a sole company that accounts for a lot more than 15% of it's A/R and the accounts has been exceptional for several weeks. That is a significant amount to be placed on bad debt. Based upon the research, it is reasonable and correct to estimate that Epitome will have a lot of if not really a significant probability to have financial difficulty in the near future unless a revamping is done from top to bottom. Supervision has shown too little of integrity with their actions and external users cannot count heavily on information getting presented. W.

An acceptable taxation risk is a measure of how willing the auditor is usually to accept that financial statements may have been materially misstated after an review is completed simply by an untrained opinion continues to be issued. Based upon the aspect and aspect provided it is fitting to evaluate that Pinnacle has a excessive acceptable taxation risk. This is certainly mainly as a result of level of doubt with Pinnacle's financial actions. C.

According to the audit benefits and the data obtained from the company's financial claims, there are a number of risks that Pinnacle include. These include misstatement of permitting of money owed, the spectacular accounts receivable that has been out for several months, and machinery and equipment. It seems that there is a lots of cross-placement in assets inside the difference corporations, which causes wrong information reported on the financial statements.


PART 3 10-43

Determine key insufficiencies for purchases and for money disbursements. After you decide on the deficiencies, incorporate each significant deficiency or material weak point in the bottom level portion of one of many two matrices: During a ending up in the facilities director, i was informed that the board of directors had decided to increase a enormous amount of personal debt to...


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