Question: Refer to Exhibit Management Certifications at Groupon Comment on the
Refer to Exhibit, "Management Certifications at Groupon." Comment on the fact that the certification discusses management's responsibility regarding internal controls, and yet the 8-K disclosure notifies the users of Groupon's financial statements that the company has a material weakness in its internal controls. Access Yahoo finance or another similar online source for historical stock prices. What was the stock price and volume during the period March 26 to April 2, 2012 (the period in which the restatement and internal control material weakness disclosure was made)? What are your thoughts about the change in the stock price and volume?
Answer to relevant QuestionsAccess the following publicly available disclosures made by IRIDEX Corporation on the SEC's Web site (www.sec.gov):● 8-K filed 8-29-2007● 10-K filed 3-30-2007● 10-K filed 4-10-2008● Def 14A (proxy) filed 4-28-2008● ...Refer to the Auditing in Practice feature, "KPMG and General Electric Company: A Relationship that has Lasted over 100 Years." What are the key arguments put forth by the United Brotherhood of Carpenters Pension Fund (the ...MULTIPLE-CHOICE QUESTIONS1. In which of the following circumstances would an auditor be most likely to express an adverse opinion on a company's financial statements?a. Information comes to the auditor's attention that ...Various types of accounting changes can affect the auditor's report.a. Briefly describe the rationale for having accounting changes affect the auditor's report and the auditor's responsibility in such cases.b. For each of ...Identify the conditions under which an auditor would modify the opinion on ICFR (for situations other than the presence of a material weakness).
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