Q: Richard Lange, CPA, is a sole practitioner. The largest
Richard Lange, CPA, is a sole practitioner. The largest audit client in his office is Echo Park Sportswear (EP Sports). EP Sports is a privately owned company in South Bend, Indiana with a 12-person b...
See AnswerQ: Margaret Dairy is a CPA and the managing partner of Dairy and
Margaret Dairy is a CPA and the managing partner of Dairy and Cheese, a regional CPA firm located in northwest Wisconsin. She just left a meeting with a well-respected regional credit union headquarte...
See AnswerQ: On January 30, 2018, General Electric (GE) announced
On January 30, 2018, General Electric (GE) announced that it was taking an after-tax charge of $6.2 billion in the December 31, 2017 financial statements and additional cash funding of $15 billion in...
See AnswerQ: Travis McGee, a Senior Audit Manager for a Big Four Audit
Travis McGee, a Senior Audit Manager for a Big Four Audit, Consulting, Tax and Data Analytics organization, has just spent the last year helping the firm rollout its new Artificial Intelligence (AI) b...
See AnswerQ: In what some are suggesting is the worst financial reporting fraud since
In what some are suggesting is the worst financial reporting fraud since Enron, Wirecard filed for bankruptcy in June of 2020 after admitting that €1.9 billion Euros ($2.1bn U.S.) on its balance sheet...
See AnswerQ: Maines and Wahlen state in their research paper on the reliability of
Maines and Wahlen state in their research paper on the reliability of accounting information: “Accrual estimates require judgment and discretion, which some firms under certain incentive conditions wi...
See AnswerQ: Diamond Foods, based in Stockton, California, is a premium
Diamond Foods, based in Stockton, California, is a premium snack food and culinary nut company with diversified operations. The company had a reputation of making bold and expensive acquisitions. Due...
See AnswerQ: Ronnie Maloney, an audit partner for Forrester and Loomis, a
Ronnie Maloney, an audit partner for Forrester and Loomis, a registered public accounting firm in Boston, just received a meeting request from Jack McDuff, the chairman of the audit committee of Digit...
See AnswerQ: Weatherford International PLC is a multinational Irish public limited company based in
Weatherford International PLC is a multinational Irish public limited company based in Switzerland, with U.S. offices in Houston, Texas. Weatherford’s shares are registered with the...
See AnswerQ: Winners & Losers, Inc. (WLI) is a Nevada
Winners & Losers, Inc. (WLI) is a Nevada corporation with its principal place of business in Las Vegas. Its business model is to provide electronic sports betting in conjunction with a new law tha...
See Answer
