Questions from General Auditing


Q: In 1996, two friends and business partners, Jia Xiao Gong

In 1996, two friends and business partners, Jia Xiao Gong and Weizhou Lian, founded Longtop Financial Technologies Limited in Beijing. Gong served as Longtop’s chair-man of the board, while Lian assum...

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Q: The black Toyota minivan made slow but steady progress down the narrow

The black Toyota minivan made slow but steady progress down the narrow, unpaved road as it approached the village of Takhli in south central Thailand, approximately 150 miles north of Bangkok. On eith...

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Q: The Horn of Africa has long played an important role in world

The Horn of Africa has long played an important role in world history. Most historians believe that the large triangular peninsula that juts into the Indian Ocean along the east coast of Africa was th...

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Q: In January 2007, Matthew Neumann and Nicholas Tides, two Boeing

In January 2007, Matthew Neumann and Nicholas Tides, two Boeing employees, transferred to the company’s internal audit department. Neumann, who worked in Boeing’s Seattle headquarters, and Tides, who...

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Q: In 1956, the Republic of the Sudan obtained its independence from

In 1956, the Republic of the Sudan obtained its independence from Great Britain. Although unified, Sudan was effectively two countries within one. Northern Sudan, home of the nation’s capital, Khartou...

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Q: The surging demand for petroleum products in recent decades has produced a

The surging demand for petroleum products in recent decades has produced a windfall of revenues for many oil-rich Islamic countries in the Middle East, including, among others, Kuwait, Saudi Arabia, a...

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Q: On the morning of October 14, 2011, Michael Woodford met

On the morning of October 14, 2011, Michael Woodford met with the 15-member board of directors of Tokyo-based Olympus Corporation. 1 Woodford, a native of Great Britain who had been appointed Olympus’...

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Q: In 1890, the Brooklyn Trolley Dodgers professional baseball team joined the

In 1890, the Brooklyn Trolley Dodgers professional baseball team joined the National League. Over the following years, the Dodgers would have considerable difficulty competing with the other baseball...

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Q: Lore Levi was worried as she scanned the most recent monthly bank

Lore Levi was worried as she scanned the most recent monthly bank statement for the Howard Street Jewelers. 1 For decades, she and her husband, Julius, had owned and operated the small business that...

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Q: During the early 1880s, David McConnell, the son of Irish

During the early 1880s, David McConnell, the son of Irish immigrants, eked out a livelihood in New York City by selling books door to door. The persistent McConnell tried one gimmick after another to...

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