Questions from General Auditing

Q: Murchison Technologies, Inc. recently developed a patient-billing software

Murchison Technologies, Inc. recently developed a patient-billing software system that it markets to physicians and dentists. Jim Archer and Janice Johnson founded the company in Austin, Texas five ye...

Q: On November 15, 2004, the Securities and Exchange Commission (

On November 15, 2004, the Securities and Exchange Commission (SEC) filed an enforcement action in the Northern Illinois U.S. District Court against Hollinger Inc., a Toronto-based company, and its for...

Q: Banking regulators announced in early 2015 a greater focus on evaluating ethical

Banking regulators announced in early 2015 a greater focus on evaluating ethical culture as part of their regulatory examination of a bank’s health. In a February 2015 speech, Thomas...

Q: Brent Dorsey graduated six months ago with a master’s degree in accounting

Brent Dorsey graduated six months ago with a master’s degree in accounting. Immediately after graduation, Brent began working with a large accounting firm in Portland, Oregon. He is now on his second...

Q: Nathan recently interviewed with one of the accounting firms in the city

Nathan recently interviewed with one of the accounting firms in the city where he wants to live. The firm agreed to cover the expense of a rental car that he used to travel from his university to the...

Q: It was 9:30 A.M. on a Monday

It was 9:30 A.M. on a Monday morning when the call came through. “Hi Dr. Mitchell, do you have a minute?” “Sure,” the professor replied. “I am one of your former students, but if you don’t mind, I wou...