Brawn Technology, Inc. is a manufacturer of large wind energy systems. The company has its corporate...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Brawn Technology, Inc. is a manufacturer of large wind energy systems. The company has its corporate headquarters in Buenos Aires and a central manufacturing facility about 200 miles away. Since the manufacturing facility is so remote, it does not receive the attention or the support from the staff that the other units do. The president of Brawn is concerned about whether proper permits have been issued for new construction work being done to handle industrial waste at the facility. In addition, he wants to be sure that all occupational safety laws and environmental issues are being properly addressed. He has asked the company's internal auditor to conduct an audit focusing on these areas of concern. REQUIRED: A. Identify and describe the two fundamental types of internal audits. Using examples, describe two situations where each type of audit would be applicable. Referring to Brawn Technology. 1. identify the type of audit that would best address the concerns of the president. 2. identify the objective of this audit. 3. give two reasons why this type of audit would best address the concerns of the president. B. Brawn Technology, Inc. is a manufacturer of large wind energy systems. The company has its corporate headquarters in Buenos Aires and a central manufacturing facility about 200 miles away. Since the manufacturing facility is so remote, it does not receive the attention or the support from the staff that the other units do. The president of Brawn is concerned about whether proper permits have been issued for new construction work being done to handle industrial waste at the facility. In addition, he wants to be sure that all occupational safety laws and environmental issues are being properly addressed. He has asked the company's internal auditor to conduct an audit focusing on these areas of concern. REQUIRED: A. Identify and describe the two fundamental types of internal audits. Using examples, describe two situations where each type of audit would be applicable. Referring to Brawn Technology. 1. identify the type of audit that would best address the concerns of the president. 2. identify the objective of this audit. 3. give two reasons why this type of audit would best address the concerns of the president. B.
Expert Answer:
Answer rating: 100% (QA)
A The two fundamental types of internal audits are 1 Financial Audits Financial audits focus on examining financial statements accounting records and ... View the full answer
Related Book For
Business Statistics For Contemporary Decision Making
ISBN: 978-1118749647
8th edition
Authors: Black Ken
Posted Date:
Students also viewed these accounting questions
-
Huge fluxes of x rays are detected from the direction of Cygnus X-1 with a spectrum that looks similar to that of a blackbody with a peak wavelength of 1.45 nm (1 nm = 10-9 m). (These x rays are...
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
What (if anything) is wrong with each of the following statements? a. if (a > b) then c = 0; b. if a > b { c = 0; } c. if (a > b) c = 0; d. if (a > b) c = 0 else b = 0;
-
In 1990, Business Week magazine compiled financial data on the 1,000 companies that had the biggest impact on the U.S. economy. Data from this compilation were presented in Problem 13 of Chapter 8....
-
Currently, a company is selling 1,000 units of a certain commodity at a price of $5 per unit. The manager of the company estimates that the price is currently increasing at the rate of 5 cents per...
-
Describe the role of strategic partnerships in app-based ride sharing technology business. LO.1
-
The block diagram of a special feedback control system is shown in Figure. Derive art expression for the closed-loop transfer function, Y(s)/D(s).
-
Lake Power Sports sells jet skis and other powered recreational equipment. Customers pay one-third of the sales price of a jet ski when they initially purchase the ski, and then pay another one-third...
-
The three-element springs and dashpot model shown is subject to a creep experiment. Show how the length (or strain) increases with time. At time t the stress is removed. Show how the sample recovers....
-
Part 1 - Exploration 30 Let f (x) = 3-x 1+2 a. Use tables and graphs to find lim f(x) and lim f(x) x -+ 00 x - - 00 b. Identify any horizontal asymptotes c. What is the y-intercept? d. How is the...
-
Discuss the Competitive Markets and Externalities simulations (both with and without policy interventions) . What impact do policy interventions have on the supply and demand equilibrium for a...
-
The best consultant to fix issue number one is Frederick Taylor who is credited with creating the scientific management movement (Lumen, n.d.). Since Taylor's work focused on how a process could be...
-
1. Which Pepsico products are growing faster than soft drinks (why) and by what percentage? 2. Why do the fastest growing products experience a more complex supply chain? Explain. 3. What are some of...
-
Use BLUF (Bottom Line UP Front) or Brief for answering the following questions: 1) There are a number of InfoSec frameworks / models available in industry. A. What is an InfoSec framework / model? B....
-
An introduction to organizational structure. Topics such as alternative organizational structures, the reciprocal relationship between multinational strategy and structure, and how recourses affect...
-
Please answer with an explanation for your answer and show calculations, thanks. Case #2 UOT Printing provides printing services to many different corporate clients. UOT bids on print jobs, however...
-
In a system with light damping (c < cc), the period of vibration is commonly defined as the time interval d = 2/d corresponding to two successive points where the displacement-time curve touches one...
-
Is it possible to predict the annual number of business bankruptcies by the number of firm births (business starts) in the United States? The following data, published by the U.S. Small Business...
-
The Economic Report to the President of the United States included data on the amounts of manufacturers new and unfilled orders in millions of dollars. Shown here are the figures for new orders over...
-
A companys auditor believes the per diem cost in Nashville, Tennessee, rose significantly between 2001 and 2011. To test this belief, the auditor samples 51 business trips from the companys records...
-
What is the FV of $2,500 invested for three years at an interest rate of 3% per annum compounded semi-annually? a. $5,783 b. $4,429 c. $4,419 d. $2,734
-
Hilary has a 20-year mortgage with a fixed monthly payment. Which of the following statements regarding Hilarys mortgage is most correct? a. The monthly payments will decline over time. b. The...
-
Ronald wishes to invest $3,500 today in a money market fund that pays quarterly interest at 5.5%. How much will Ronald have at the end of seven years (to the nearest dollar)? a. $5,130 b. $5,091 c....
![Mobile App Logo](https://dsd5zvtm8ll6.cloudfront.net/includes/images/mobile/finalLogo.png)
Study smarter with the SolutionInn App