Question: 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

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?

Step by Step Solution

★★★★★

3.25 Rating (166 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

The purpose of this exercise is to realize that whi... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

330-B-A-A-B-R (1420).docx

120 KBs Word File

Students Have Also Explored These Related Auditing Questions!

Management Certifications at Groupon. Comment on the fact that the certification discusses managements responsibility regarding internal controls, and yet the 8-K disclosure notifies the users of...

Match matrix with the description of its effect on vectors. a b C d Matrix P S = - II 2 0 1 0 3 [B] [3] 0 1 Description a. Reflects across y = - X b. Rotates vectors clockwise by 90 degrees c....

The philosophy of general deterrence focuses on the fact that individual offenders should learn firsthand that crime does not pay when they experience harsh criminal penalties caused by their illicit...

b) Write a function volSAofSphere that will receive as input argument, the radius of the sphere, and will return as output, the volume and surface area of the sphere for 1

Each separate response must have approximately 200 words. Assignments vary widely; however, essays should be written in APA style, with in-text citations and a separate reference listing as...

ATC 14-1 (Pg. 686) 1.(Follow the cash) In a narrative format, answer the questions posed in the case. 2.What is meant by "presentation of financial statement information in common-size amounts rather...

Each separate response must have approximately 200 words. Assignments vary widely; however, essays should be written in APA style, with in-text citations and a separate reference listing as...

Post-SOX (Sarbanes-Oxley Act) academic research on internal control focuses on the characteristics of publicly listed companies disclosing material control weaknesses or the consequences experienced...

In the List-I below, four different paths of a particle are given as functions of time. In these functions, a and 3 are positive constants of appropriate dimensions and a . In each case, the force...

The Everest Company provides landscaping services o corporations and businesses. All its landscaping work requires Everest to use landscaping equipment. Its landscaping equipment has the capacity to...

Question 7 Given the equation o f a parabola, x 2 = - 8 y . Find the focus. ( 0 , 4 ) ( 4 , 0 ) ( 0 , - 2 ) ( 2 , 0 ) ( 0 , 2 ) ( - 4 , 0 ) ( - 2 , 0 ) ( 0 , - 4 )

Teresa Harris was a manager at Forklift Systems; Charles Hardy was its president. Hardy frequently made inappropriate sexual comments to Harris and other women at the company. For example, he said to...

a. Would Hardy's behavior offend a reasonable woman? b. So why did the lower court rule against Teresa Harris? c. Did the Supreme Court agree? d. How can you tell if you are committing sexual...

Teresa Harris worked as a manager at Forklift Systems Incorporated (Forklift), an equipment rental company, for two and one- half years. Charles Hardy was Forklifts president. Throughout Harriss time...

Harris worked as a rental manager for two years for Forklift Systems. Her boss, Hardy, often insulted her in front of others and made her the target of sexual slurs and suggestions. He said, "We need...

The Platter Valley factory of Bybee Industries uses a three-variance analysis of the total factory overhead variance. Required 1. Use the data given in Exercises 15-29 and 15-30 to compute the total...

Describe the issues that surround biased policing and racial profiling.

You are auditing the inventory of Husky Manufacturing Company for the year ended December 31, 2009. The book value is $8,124,998.66. Tolerable misstatement is $400,000 and expected misstatement is...

The auditor wishes to use GAS to assist in the audit of accounts receivable. The auditor's major objectives are to: Evaluate existence by sending confirmations to customers. Evaluate adequacy of...

In your group, use the Internet to locate the financial statements for a company that you are familiar with. Identify specific account balances for which analytical procedures would be appropriate...

Can you provide the following information relative to the Boeing Company: 1. Has the company's current ratio been declining or increasing over the past five years? Why or why not? 2. Compared to the...

You are evaluating a project for The Farstroke golf club, guaranteed to correct that nasty slice. You estimate the sales price of The Farstroke to be $420 per unit and sales volume to be 1,200 units...

Q2 30 Marta 2(a) TableQ2(a) shows and empty financial forecast template. Create a 20 complete 4 year (YO,Y1, 42,Y3) financial forecast for your entrepreneurship venture with a product/service that...